Medium-Term Management Plan 2016-2018 Change65
First written in FY2016. 11 of 16 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- FY2021DroppedAnnual report
「However, in response to the current COVID-19 pandemic, we determined that achieving the quantitative targets had become difficult, although the basic approach would continue to be followed, and withdrew them in July 2020.」
Nippon TV eVOLUTION's FY2021 quantitative targets were previously described as having been "withdrawn for the time being," but the full-year report expressly states that they were withdrawn in July 2020. - FY2021-Q1SoftenedAnnual report
「In light of changes in the economic environment and the circumstances facing our Group that have exceeded these assumptions, we determined that achieving the quantitative targets in the Medium-Term Management Plan, whose final year is FY2021, had become difficult and have therefore decided to withdraw them for the time being.」
The quantitative targets for FY2021 have been withdrawn for the time being because they were deemed difficult to achieve. The ¥100 billion investment allocation, however, is to continue. - FY2020RestatedAnnual report
「The numerical targets for the final year of the medium-term management plan, fiscal 2021, are consolidated net sales of at least ¥450 billion, including ¥264 billion in terrestrial advertising revenue and ¥186 billion in content business revenue and other revenue, consolidated operating income of at least ¥52 billion, corresponding to a margin of 11.6%, and consolidated ordinary income of at least ¥59 billion, corresponding to a margin of 13.1%.」
The FY2021 targets and revenue breakdown for Nippon TV eVOLUTION are being reposted unchanged. - FY2020-Q3RestatedAnnual report
「To enhance corporate value, we formulated the new medium-term management plan “Nippon Television Group Medium-Term Management Plan 2019-2021 NTV eVOLUTION,” covering fiscal 2019 through fiscal 2021, and established the following policies: (a) fulfill Nippon Television Group's social responsibility and further improve “reliability”; (b) as an integrated content company, evolve broadcasting and related businesses and dramatically improve “profitability” and “productivity”; (c) grow the internet business into a “pillar” of the business; (d) promote new business creation, M&A and alliances, and aim for non-broadcast advertising revenue to account for more than 50%; and (e) reform mindsets, the organization and conventional thinking. By achieving these targets, we aim to expand corporate value and, in fiscal 2021, achieve consolidated net sales of at least ¥450 billion, consolidated operating income of at least ¥52 billion, corresponding to a consolidated operating margin of 11.6%, and consolidated ordinary income of at least ¥59 billion, corresponding to a consolidated ordinary income margin of 13.1%. In addition, we will increase the investment budget for new businesses and M&A from ¥50 billion to ¥100 billion, and set targets including the M&A contribution generated through these investments of consolidated net sales of at least ¥500 billion, consolidated operating income of at least ¥54 billion and consolidated ordinary income of at least ¥62 billion. As a united Group, we will continue our “reform and challenge” toward achieving the targets of the medium-term management plan.」
The medium-term management plan for fiscal 2019–2021, its basic policies, the fiscal 2021 numerical targets and the ¥100 billion investment budget are restated without change. - FY2020-Q2RestatedAnnual report
「To enhance corporate value, we formulated the new medium-term management plan “Nippon Television Group Medium-Term Management Plan 2019-2021 NTV eVOLUTION,” covering fiscal 2019 through fiscal 2021, and established the following policies: (a) fulfill Nippon Television Group's social responsibility and further improve “reliability”; (b) as an integrated content company, evolve broadcasting and related businesses and dramatically improve “profitability” and “productivity”; (c) grow the internet business into a “pillar” of the business; (d) promote new business creation, M&A and alliances, and aim for non-broadcast advertising revenue to account for more than 50%; and (e) reform mindsets, the organization and conventional thinking. By achieving these targets, we aim to expand corporate value and, in fiscal 2021, achieve consolidated net sales of at least ¥450 billion, consolidated operating income of at least ¥52 billion, corresponding to a consolidated operating margin of 11.6%, and consolidated ordinary income of at least ¥59 billion, corresponding to a consolidated ordinary income margin of 13.1%. In addition, we will increase the investment budget for new businesses and M&A from ¥50 billion to ¥100 billion, and set targets including the M&A contribution generated through these investments of consolidated net sales of at least ¥500 billion, consolidated operating income of at least ¥54 billion and consolidated ordinary income of at least ¥62 billion.」
The medium-term management plan for fiscal 2019–2021, its basic policies, the fiscal 2021 numerical targets and the targets including the contribution from M&A are restated without change. - FY2020-Q1ReframedAnnual report
「To enhance corporate value, we formulated the new medium-term management plan “Nippon Television Group Medium-Term Management Plan 2019-2021 NTV eVOLUTION,” covering fiscal 2019 through fiscal 2021, and established the following policies: (a) fulfill Nippon Television Group's social responsibility and further improve “reliability”; (b) as an integrated content company, evolve broadcasting and related businesses and dramatically improve “profitability” and “productivity”; (c) grow the internet business into a “pillar” of the business; (d) promote new business creation, M&A and alliances, and aim for non-broadcast advertising revenue to account for more than 50%; and (e) reform mindsets, the organization and conventional thinking. By achieving these targets, we aim to expand corporate value and, in fiscal 2021, achieve consolidated net sales of at least ¥450 billion, consolidated operating income of at least ¥52 billion, corresponding to a consolidated operating margin of 11.6%, and consolidated ordinary income of at least ¥59 billion, corresponding to a consolidated ordinary income margin of 13.1%. In addition, we will increase the investment budget for new businesses and M&A from ¥50 billion to ¥100 billion, and set targets including the M&A contribution generated through these investments of consolidated net sales of at least ¥500 billion, consolidated operating income of at least ¥54 billion and consolidated ordinary income of at least ¥62 billion.」
The Group changed from Change65 to the new medium-term management plan for fiscal 2019–2021, newly setting basic policies, numerical targets and upside targets that include the contribution from M&A. - FY2019-Q3RestatedAnnual report
「By achieving these targets, we aim to expand corporate value and, in fiscal 2018, achieve consolidated net sales of at least ¥460 billion, consolidated operating income of at least ¥55 billion, corresponding to an operating margin of 12.0%, and consolidated ordinary income of at least ¥60 billion, corresponding to an ordinary income margin of 13.0%.」
The fiscal 2018 numerical targets under Change65 are restated, with no material changes to the plan. - FY2018SoftenedAnnual report
「In light of the current economic environment and other factors, the achievement of the quantitative targets for the final year of the medium-term management plan has become difficult.」
While the targets of ¥460 billion in net sales, ¥55 billion in operating income and ¥60 billion in ordinary income for fiscal 2018 are restated elsewhere, the document explicitly states that achieving the quantitative targets in the final year is expected to be difficult. - FY2018-Q3RestatedAnnual report
「By achieving these targets, we aim to expand corporate value and, in fiscal 2018, achieve consolidated net sales of at least ¥460 billion, consolidated operating income of at least ¥55 billion, corresponding to an operating margin of 12.0%, and consolidated ordinary income of at least ¥60 billion, corresponding to an ordinary income margin of 13.0%.」
The fiscal 2018 numerical targets under Change65 are restated, with no material changes to management policy, management strategy or other matters. - FY2018-Q2RestatedAnnual report
「By achieving these targets, we aim to expand corporate value and, in fiscal 2018, achieve consolidated net sales of at least ¥460 billion, consolidated operating income of at least ¥55 billion, corresponding to an operating margin of 12.0%, and consolidated ordinary income of at least ¥60 billion, corresponding to an ordinary income margin of 13.0%.」
The plan period and numerical targets for net sales, operating income and ordinary income under Change65 are restated, with no material changes. - FY2018-Q1RestatedAnnual report
「By achieving these targets, we aim to expand corporate value and, in fiscal 2018, achieve consolidated net sales of at least ¥460 billion, consolidated operating income of at least ¥55 billion, corresponding to an operating margin of 12.0%, and consolidated ordinary income of at least ¥60 billion, corresponding to an ordinary income margin of 13.0%.」
The plan period and numerical targets under Change65 are restated, with no material changes to the management strategy. - FY2017RestatedAnnual report
「By achieving these targets, we aim to expand corporate value and, in fiscal 2018, achieve consolidated net sales of at least ¥460 billion, consolidated operating income of at least ¥55 billion, corresponding to an operating margin of 12.0%, and consolidated ordinary income of at least ¥60 billion, corresponding to an ordinary income margin of 13.0%.」
The plan period and numerical targets for net sales, operating income and ordinary income under Change65 are also restated in the annual report. - FY2017-Q3RestatedAnnual report
「By achieving these targets, we aim to expand corporate value and, in fiscal 2018, achieve consolidated net sales of at least ¥460 billion, consolidated operating income of at least ¥55 billion, corresponding to an operating margin of 12.0%, and consolidated ordinary income of at least ¥60 billion, corresponding to an ordinary income margin of 13.0%.」
The plan period and numerical targets of the 2016-2018 medium-term management plan are restated. - FY2017-Q2RestatedAnnual report
「To further enhance corporate value, we formulated the new medium-term management plan “Nippon Television Group Medium-Term Management Plan 2016-2018 Change65,” covering fiscal 2016 through fiscal 2018. By achieving these targets, we aim to expand corporate value and, in fiscal 2018, achieve consolidated net sales of at least ¥460 billion, consolidated operating income of at least ¥55 billion, corresponding to an operating margin of 12.0%, and consolidated ordinary income of at least ¥60 billion, corresponding to an ordinary income margin of 13.0%.」
There are no changes to the plan period, numerical targets or plan name, which are also restated in the second-quarter report. - FY2017-Q1RestatedAnnual report
「To further enhance corporate value, we formulated the new medium-term management plan “Nippon Television Group Medium-Term Management Plan 2016-2018 Change65,” covering fiscal 2016 through fiscal 2018. By achieving these targets, we aim to expand corporate value and, in fiscal 2018, achieve consolidated net sales of at least ¥460 billion, consolidated operating income of at least ¥55 billion, corresponding to an operating margin of 12.0%, and consolidated ordinary income of at least ¥60 billion, corresponding to an ordinary income margin of 13.0%.」
There are no material changes to the medium-term management plan's period, numerical targets or reform policy, which are also restated in the quarterly report. - FY2016First statedAnnual report
「We formulated the medium-term management plan “Nippon Television Group Medium-Term Management Plan 2016-2018 Change65,” covering fiscal 2016 through fiscal 2018. By achieving these targets, we aim to expand corporate value and, in fiscal 2018, achieve consolidated net sales of at least ¥460 billion, consolidated operating income of at least ¥55 billion, corresponding to an operating margin of 12.0%, and consolidated ordinary income of at least ¥60 billion, corresponding to an ordinary income margin of 13.0%.」
After achieving the previous plan, the Group set new three-year numerical targets with higher net sales, operating income and ordinary income.