Targets for Profitability, Capital Efficiency and Financial Discipline for the Fiscal Year Ending March 2021
First written in FY2018. 6 of 10 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2025: 8 of 36 companies on the "Worse" side.
6 other companies' latest entry also says "Achieved".
- FY2021AchievedAnnual report
「Operating cash flow generated over the three-year period totaled ¥102.3 billion, while capital expenditures amounted to ¥29.9 billion for the year. Although capital expenditures exceeded the plan, the allocation by use, on a cash-payment basis, was 49.1% for new-store investment and 38.2% for existing-store investment, meaning the funds were allocated to existing-store investment as planned.」
The operating cash flow target of at least ¥90.0 billion under the previous medium-term plan was achieved at ¥102.3 billion. ROA of 7.2% and ROE of 9.2% also exceeded the targets of at least 5.6% and 7.7%, respectively. The operating revenue and ordinary profit targets were also exceeded. - FY2020RestatedAnnual report
「1) Quantitative targets (fiscal year ending March 2021) Consolidated operating revenue ¥680.0 billion, consolidated ordinary profit ¥21.0 billion, ROA of at least 5.6% and ROE of at least 7.7%. ① Cash flow generation ・Generate cumulative operating cash flow of at least ¥90.0 billion over the 3 years by improving profitability. ② Profit allocation ・Capital expenditures are planned at ¥25.0–26.0 billion annually, of which 30–40% will be allocated to existing-store investments. ③ Financial discipline ・The debt-to-equity ratio is targeted at 0.8x and the equity ratio at 40%.」
The company continues to pursue the updated targets for the fiscal year ending March 2021 covering revenue, capital efficiency, operating cash flow, capital expenditures and financial discipline, following the consolidation of アレンザ. - FY2020-Q3RestatedAnnual report
「1) Quantitative targets (fiscal year ending March 2021) Formulated (10 May 2018) Updated (9 May 2019) Scale Consolidated operating revenue ¥600.0 billion ¥680.0 billion Consolidated ordinary profit ¥18.5 billion ¥21.0 billion Profitability ROA 6.0% At least 5.6% ROE At least 8.5% At least 7.7%」
The company reaffirmed the updated targets for the fiscal year ending March 2021, including operating revenue of ¥680.0 billion, ordinary profit of ¥21.0 billion, ROA of at least 5.6% and ROE of at least 7.7%, following the consolidation of アレンザ. - FY2020-Q2RestatedAnnual report
「1) Quantitative targets (fiscal year ending March 2021) Consolidated operating revenue ¥680.0 billion, consolidated ordinary profit ¥21.0 billion, ROA of at least 5.6% and ROE of at least 7.7%. ① Cash flow generation ・Generate cumulative operating cash flow of at least ¥90.0 billion over the 3 years by improving profitability. ② Profit allocation ・Capital expenditures are planned at ¥25.0–26.0 billion annually, of which 30–40% will be allocated to existing-store investments. ③ Financial discipline ・The debt-to-equity ratio is targeted at 0.8x and the equity ratio at 40%.」
In light of the consolidation of アレンザ, the company reaffirmed its updated targets for the fiscal year ending March 2021 covering revenue, capital efficiency, operating cash flow, capital expenditures and financial discipline. - FY2020-Q1RestatedAnnual report
「Following the inclusion of アレンザホールディングス株式会社 as a consolidated subsidiary in April 2019, the scale of the home improvement center business expanded from the fiscal year ending March 2020, and changes were expected in the segment revenue and asset composition. Accordingly, while maintaining the basic policy and priority measures of the 3-year medium-term management plan, the company updated its quantitative targets as announced on 9 May 2019. Going forward, it will also work to improve asset efficiency while creating synergies.」
In light of changes in business scale and asset composition following the consolidation of アレンザ, the company reaffirmed the plan's basic policy and priority measures, along with the updated quantitative targets and efforts to create synergies and improve asset efficiency. - FY2019SoftenedAnnual report
「Profitability ROA 6.0% At least 5.6% ROE At least 8.5% At least 7.7%」
For the profitability targets for the fiscal year ending March 2021, the company updated ROA from 6.0% to at least 5.6% and ROE from at least 8.5% to at least 7.7%. - FY2019RaisedAnnual report
「(1) Quantitative targets (fiscal year ending March 2021) Formulated (10 May 2018) Updated (9 May 2019) Scale Consolidated operating revenue ¥600.0 billion ¥680.0 billion Consolidated ordinary profit ¥18.5 billion ¥21.0 billion (2) Financial policy ① Cash flow generation ・Generate cumulative operating cash flow of at least ¥90.0 billion over the 3 years by improving profitability. ② Profit allocation a. Growth investment ・Capital expenditures are planned at ¥25.0–26.0 billion annually, of which 30–40% will be allocated to existing-store investments.」
In light of the inclusion of アレンザホールディングス as a consolidated subsidiary, the operating revenue target for the fiscal year ending March 2021 was raised from ¥600.0 billion to ¥680.0 billion and the ordinary profit target from ¥18.5 billion to ¥21.0 billion, while the operating cash flow and capital expenditure targets were also increased. - FY2019-Q3RestatedAnnual report
「(1) Quantitative targets (final year) Operating revenue ¥600.0 billion Ordinary profit ¥18.5 billion ROA 6.0% ROE at least 8.5% (2) Financial policy ① Cash flow generation ・Generate cumulative operating cash flow of at least ¥73.0 billion over the 3 years by improving profitability. ② Profit allocation a. Growth investment ・Capital expenditures are planned at ¥23.0–24.0 billion annually, of which 30–40% will be allocated to existing-store investments. b. Dividends ・Based on the existing dividend policy, the company will provide stable and continuous shareholder returns with a target payout ratio of 25%. ③ Financial discipline ・The debt-to-equity ratio is targeted at 0.8x and the equity ratio at 40%.」
The company restated the numerical targets for revenue, capital efficiency, operating cash flow, capital expenditures, dividends and financial discipline under the 3-year medium-term plan. - FY2019-Q1RestatedAnnual report
「(1) Quantitative targets (final year) Operating revenue ¥600.0 billion Operating profit ¥18.5 billion ROA 6.0% ROE at least 8.5% (2) Financial policy ① Cash flow generation ・Generate cumulative operating cash flow of at least ¥73.0 billion over the 3 years by improving profitability. ② Profit allocation a. Growth investment ・Capital expenditures are planned at ¥23.0–24.0 billion annually, of which 30–40% will be allocated to existing-store investments. b. Dividends ・Based on the existing dividend policy, the company will provide stable and continuous shareholder returns with a target payout ratio of 25%. ③ Financial discipline ・The debt-to-equity ratio is targeted at 0.8x and the equity ratio at 40%.」
The company restated the numerical targets for revenue, capital efficiency, operating cash flow, capital expenditures, dividends and financial discipline toward the final year of the new 3-year medium-term plan. - FY2018First statedAnnual report
「(1) Quantitative targets (fiscal year ending March 2021) Operating revenue ¥600.0 billion Operating profit ¥18.5 billion ROA 6.0% ROE at least 8.5% (2) Financial policy ① Cash flow generation ・Generate cumulative operating cash flow of at least ¥73.0 billion over the 3 years through the fiscal year ending March 2021 by improving profitability. ② Profit allocation a. Growth investment ・Capital expenditures are planned at ¥23.0–24.0 billion annually, of which 30–40% will be allocated to existing-store investments. ③ Financial discipline ・The debt-to-equity ratio is targeted at 0.8x and the equity ratio at 40%.」
The new 3-year medium-term management plan set specific targets for operating revenue, operating profit, ROA and ROE for the fiscal year ending March 2021, as well as cumulative operating cash flow, capital expenditures, and debt and equity benchmarks, for the first time.