Restoring earnings power and financial metrics to pre-pandemic levels, using FY2023 as a benchmark
First written in FY2021. 1 of 4 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 3 of 12 companies on the "Worse" side.
1 other company's latest entry also says "Achieved".
- FY2024AchievedAnnual report
「Although passenger demand is not expected to return to pre-pandemic levels, the Company achieved its management targets for fiscal 2023, including an operating margin of at least 6.0% and an interest-bearing debt/EBITDA ratio of no more than 5.0x, as a result of focusing on structural reforms such as cost structure reform and strengthening its earnings base.」
States that the targets for fiscal 2023 of an operating margin of at least 6.0% and an interest-bearing debt/EBITDA ratio of no more than 5.0x were achieved as a result of structural reform. - FY2023SoftenedAnnual report
「However, because of the delayed recovery from the COVID-19 pandemic and capital investment undertaken in preparation for the next phase of growth, the management targets set for this period are expected to remain unachieved at present. We will nevertheless continue advancing the initiatives of the period of transformation and aim to achieve the targets.」
Indicated that the fiscal 2023 targets of an operating margin of at least 6.0% and an interest-bearing debt/EBITDA ratio of no more than 5.0x are expected to remain unachieved at present. - FY2022RestatedAnnual report
「We aim to restore the operating margin and interest-bearing debt/EBITDA ratio to pre-pandemic levels by fiscal 2023.」
Continues its recovery targets for fiscal 2023 of an operating margin of at least 6.0% and an interest-bearing debt/EBITDA ratio of no more than 5.0x. - FY2021First statedAnnual report
「We aim to restore the operating margin and interest-bearing debt/EBITDA ratio to pre-pandemic levels by fiscal 2023.」
Under the new medium-term management plan, targets recovery by fiscal 2023 to an operating margin of at least 6.0% and an interest-bearing debt/EBITDA ratio of no more than 5.0x.