Management Metric for Ordinary Profit Margin: From at Least 5% to at Least 3%
First written in FY2019. 3 of 8 entries say "Raised", first in FY2021. Latest entry: FY2026.
Yamada Holdings moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2018: 5 of 50 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The Company had set targets for the fiscal year ending March 2026 of sales growth of 4.2% or higher and an ordinary profit margin of 3.0% or higher. However, due to the factors described above, sales growth was 3.9% and the ordinary profit margin was 1.2% for the consolidated fiscal year.」
For the fiscal year ending March 2026, both sales growth and the ordinary profit margin fell short of their targets. The ordinary profit margin was 1.2%, versus the target of 3.0%. - 2026-05-08RestatedEarnings
「We aim to achieve revenue of ¥2.2 trillion, ordinary profit of ¥100 billion and ROE of 8.5% in the fiscal year ending March 2030.」
The targets of the medium-term management plan for the fiscal year ending March 2030 were restated, along with the policy of achieving them in the second year of the plan. - FY2026-H1RaisedAnnual report
「We aim to achieve revenue of ¥2.2 trillion, ordinary profit of ¥100 billion and ROE of 8.5% in the fiscal year ending March 2030.」
The Company newly established numerical targets through the fiscal year ending March 2030 of sales of ¥2.2 trillion, ordinary profit of ¥100 billion and ROE of 8.5%, replacing its previous management KPIs for the nearer-term fiscal years. - FY2023SoftenedAnnual report
「The Company had set targets for the fiscal year ending March 2023 of sales growth of 4.6% or higher, an ordinary profit margin of 4.7% or higher and ROE of 7.9% or higher. However, due to the factors described above, sales growth was negative 1.2%, the ordinary profit margin was 3.1% and ROE was 5.0% for the consolidated fiscal year. For the fiscal year ending March 2024, the Company aimed to build a structure of revenue and profit growth by executing the key measures for each business and to achieve its target management KPIs. However, given the impact of changes in consumer behavior following the reclassification of COVID-19 as a Class 5 infectious disease, weaker consumer sentiment and higher costs due to surging energy prices and inflation, the Company set targets of sales growth of 5.3% or higher, an ordinary profit margin of 3.3% or higher and ROE of 5.2% or higher.」
The Company fell short of its previous targets for the fiscal year ending March 2023. For the fiscal year ending March 2024, it raised the sales growth target to 5.3% while lowering the near-term targets for the ordinary profit margin to 3.3% and ROE to 5.2%. - FY2022SoftenedAnnual report
「For the fiscal year ending March 2023, the Company aimed to build a structure of continued revenue and profit growth by executing the key measures for each business and to achieve higher revenue and profit. However, given the uncertain timing of the end of the infectious disease, higher costs associated with surging energy prices, inflation caused by the weaker yen and other factors, weaker consumer sentiment, and uncertainty over product supply due to supply chain disruptions, the Company set targets of sales growth of 4.6% or higher, an ordinary profit margin of 4.7% or higher and ROE of 7.9% or higher.」
While raising its long-term management KPIs, the Company set near-term targets for the fiscal year ending March 2023 of sales growth of 4.6% or higher, an ordinary profit margin of 4.7% or higher and ROE of 7.9% or higher, lowering the previous ordinary profit margin target of 5% or higher. - FY2022RaisedAnnual report
「The Group has set a sales growth rate of 5.0% or higher, an ordinary profit margin on sales of 6.5% or higher and ROE of 10% or higher as target management KPIs.」
The Group set targets of sales growth of 5% or higher, an ordinary profit margin of 6.5% or higher and ROE of 10% or higher, replacing the previous target of an ordinary profit margin on sales of 5% or higher. - FY2021RaisedAnnual report
「The Group has set an ordinary profit margin on sales of 5% or higher as a target management KPI.」
The Group-wide target was raised from the previous target of 3% or higher for the fiscal year ending March 2020 to 5% or higher. The ordinary profit margin on sales for the fiscal year ending March 2021 was 5.6%, exceeding the previous target of 3% or higher. - FY2019First statedAnnual report
「We had set a target ordinary profit margin on sales of at least 5% as a management metric, but the ratio was 2.3% for the current consolidated fiscal year due to the factors described above. For the fiscal year ending March 2020, although sales are expected to remain slightly positive because of demand ahead of the consumption tax increase scheduled for October 2019 and the subsequent decline, higher personnel expenses due to labor shortages and higher logistics and delivery costs are expected. We have therefore set a target ordinary profit margin on sales of at least 3%.」
The company first recorded a management metric of an ordinary profit margin on sales of at least 5%; the actual ratio was 2.3% for the fiscal year ending March 2019. In light of rising costs and other factors, the target for the fiscal year ending March 2020 was set at 3% or higher.