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Musashino Kogyo (9635) · TargetSlight decrease in operating profit, increase in ordinary profit

Policy of stabilizing and building earnings without setting specific KPIs

First written in FY2022. 1 of 4 entries say "Reframed", first in FY2023. Latest entry: FY2026.

4entries
5years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2022ReframedFY2023AdvancedFY20252022: 120222023: 120232024: 020242025: 120252026: 12026
Same theme, other companies
Policy for Improving Profitability Without Numerical TargetsA theme 11 companies write about · 0 as a headwind · 9 as a tailwind

The whole theme swung hardest in 2023: 2 of 7 companies on the "Worse" side.

0 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026Slight decrease in operating profit, increase in ordinary profitAnnual report

    「Accordingly, although the company has not set management targets based on specific management indicators, it aims to strengthen its earnings base and build earnings over the medium to long term, with sufficient consideration given to the cost of capital and capital profitability.」

    The company continues its policy of not setting specific KPIs and its target of strengthening the earnings base with consideration given to the cost of capital and capital profitability. In the current fiscal year, operating profit decreased 1.5% year on year, while ordinary profit increased 10.7%.
  2. FY2025AdvancedAnnual report

    「As a result, overall net sales were ¥1,364 million, up 6.4% year on year, operating profit was ¥69 million, up 233.3%, and ordinary profit was ¥87 million, up 366.0%.」

    While maintaining its policy of not setting specific KPIs, consolidated net sales, operating profit and ordinary profit all exceeded the previous fiscal year, and progress in building earnings for the full fiscal year was reported.
  3. FY2023ReframedAnnual report

    「Accordingly, although the company has not set management targets based on specific management indicators, it aims to strengthen its earnings base and build earnings over the medium to long term, with sufficient consideration given to the cost of capital and capital profitability.」

    While maintaining its policy of not setting specific KPIs, the company has reorganized the wording of its targets around strengthening the earnings base and building earnings over the medium to long term, with consideration given to the cost of capital and capital profitability.
  4. FY2022First statedAnnual report

    「Accordingly, the company has not set management targets based on specific management indicators, but aims to stabilize and build earnings in each business.」

    Because forecasts and actual results for the film business tend to diverge, the company disclosed for the first time its policy of not setting targets based on specific management indicators and instead targeting the stabilization and building of earnings in each business.
Moved together

"Guarantees of Indebtedness for Non-Consolidated Companies" moved the same way as this thread, in the same document, in 2 of its 4 moves.

2★1
  1. ★This thread
  2. 1Guarantees of Indebtedness for Non-Consolidated Companies2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Policy of stabilizing and building earnings without setting specific KPIs | Musashino Kogyo Co.,Ltd. (9635) | Komori