Failure to Achieve and Postponement of Targets under the Three-Year Medium-Term Management Plan for the Fiscal Year Ending February 2019
First written in FY2019. 1 of 3 entries say "Restated". Latest entry: FY2025.
Yoshinoya Holdings moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2025: 11 of 19 companies on the "Worse" side.
13 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Following the recovery in profitability during the medium-term management plan covering the 3 years from the fiscal year ending February 2023 through the fiscal year ending February 2025, the new medium-term management plan will direct investment toward further growth.」
The former medium-term management plan, whose targets had been postponed after they were missed, was recast as the previous medium-term management plan following the recovery in profitability, and the company transitioned to a new medium-term management plan. - FY2020-Q3RestatedAnnual report
「In the First Stage, which ended in the fiscal year ending February 2019 and was positioned as an “experimental” phase, we pursued and tested a wide variety of approaches in search of seeds for creating new value. As a result, the initiatives undertaken over these 3 years generated many experimental成果, but the results fell short of the targets set in the original plan.」
The company has continued to explain that, while many experimental成果 were achieved in the First Stage, the results fell short of the original plan targets. - FY2019First statedAnnual report
「All 4 targets of the three-year medium-term management plan ending in the fiscal year ending February 2019 were missed: a total of 3,500 stores in Japan and overseas, consolidated revenue of ¥210 billion, consolidated operating profit of ¥6 billion, and ROE of 4.7%. Although achievement of these targets will be postponed,」
All 4 targets of the medium-term management plan, covering store count, revenue, operating profit and ROE, were missed, and the achievement of the targets was explicitly postponed.