Expansion of Business Scale and Profit Levels under the FY2024 Medium-Term Management Plan
First written in FY2021. 7 of 10 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- FY2025DroppedAnnual report
「However, due to changes in the business environment, including the prolonged COVID-19 pandemic, which was not anticipated when the plan was formulated, and rising prices for steel and other goods, the progress of various measures and the pass-through of higher prices have been insufficient, and the construction machinery business has deteriorated. As a result, the FY2024 earnings forecast is expected to fall below the revenue targets for the final year of the medium-term management plan.」
For the FY2021–FY2024 medium-term management plan, after confirming that the final-year revenue targets had not been achieved, the company moved to a new plan for FY2025–FY2027. FY2024 results were net sales of ¥111.55 billion and operating profit of ¥6.85 billion, and have been replaced by the target framework of the new plan. - FY2024SoftenedAnnual report
「However, due to changes in the business environment, including the prolonged COVID-19 pandemic, which was not anticipated when the plan was formulated, and rising prices for steel and other goods, the progress of various measures and the pass-through of higher prices have been insufficient, and the construction machinery business has deteriorated. As a result, the FY2024 earnings forecast is expected to fall below the revenue targets for the final year of the medium-term management plan.」
For the FY2024 medium-term management plan targets of net sales of ¥140.0 billion and ordinary profit of ¥10.0 billion, the earnings forecast is net sales of ¥115.0 billion and ordinary profit of ¥6.0 billion, clearly indicating that the final-year revenue targets are expected to be missed. - FY2024-Q3RestatedAnnual report
「The earnings targets set out in the medium-term management plan are shown in the table below, and the Company will continue expanding its businesses and improving profitability toward the target levels.」
It has reconfirmed that the targets of FY2024 net sales of ¥140.0 billion, ordinary profit of ¥10.0 billion, ROS of 7%, ROE of approximately 10%, an equity ratio of approximately 60%, maintaining a substantially debt-free position, and a payout ratio of approximately 30% will be maintained, and that efforts toward the target levels will continue. - FY2024-Q2RestatedAnnual report
「Medium-term management plan (FY2024 targets). Reference: FY2021 results and FY2022 results. Revenue targets (consolidated): net sales ¥140.0 billion, ¥114.0 billion, and ¥120.5 billion; ordinary profit ¥10.0 billion, ¥5.2 billion, and ¥4.9 billion; ROS 7%, 4.6%, and 4.1%. Financial targets (consolidated): ROE approximately 10%, 5.7%, and 5.8%; equity ratio approximately 60%, 55.2%, and 54.2%; D/E ratio: maintain a substantially debt-free position, 3.6% (substantially debt-free), and 3.8% (substantially debt-free); consolidated payout ratio approximately 30%, 38.3%, and 36.8%.」
It has reconfirmed the medium-term management plan targets of FY2024 net sales of ¥140.0 billion, ordinary profit of ¥10.0 billion, ROS of 7%, ROE of approximately 10%, an equity ratio of approximately 60%, maintaining a substantially debt-free position, and a payout ratio of approximately 30%. - FY2024-Q1RestatedAnnual report
「The revenue targets set out in the medium-term management plan are shown below, and we will continue to expand the business and improve profitability toward the target levels. Medium-term management plan (FY2024 targets). Reference: FY2021 results and FY2022 results. Revenue targets (consolidated): net sales ¥140.0 billion, ¥114.0 billion, and ¥120.5 billion; ordinary profit ¥10.0 billion, ¥5.2 billion, and ¥4.9 billion; ROS 7%, 4.6%, and 4.1%. Financial targets (consolidated): ROE approximately 10%, 5.7%, and 5.8%; equity ratio approximately 60%, 55.2%, and 54.2%; D/E ratio: maintain a substantially debt-free position, 3.6% (substantially debt-free), and 3.8% (substantially debt-free); consolidated payout ratio approximately 30%, 38.3%, and 36.8%.」
It has reconfirmed the FY2024 targets of net sales of ¥140.0 billion, ordinary profit of ¥10.0 billion, ROS of 7%, ROE of approximately 10%, an equity ratio of approximately 60%, maintaining a substantially debt-free position, and a payout ratio of approximately 30%, and updated the FY2022 results. - FY2023-Q2RestatedAnnual report
「The earnings targets set out in the medium-term management plan are shown in the table below, and the Company will continue expanding its businesses and improving profitability toward the target levels.」
It has reconfirmed the FY2024 targets of net sales of ¥140.0 billion, ordinary profit of ¥10.0 billion, ROS of 7%, ROE of approximately 10%, an equity ratio of approximately 60%, maintaining a substantially debt-free position, and a payout ratio of approximately 30%, as well as the expansion of the business and profitability improvements aimed at achieving those targets. - FY2023-Q1RestatedAnnual report
「The revenue targets set out in the medium-term management plan are shown below, and we will continue to expand the business and improve profitability toward the target levels. Medium-term management plan (FY2024 targets) Reference: FY2021 results Revenue targets (consolidated) Net sales: ¥140.0 billion; FY2021: ¥114.0 billion Ordinary profit: ¥10.0 billion; FY2021: ¥5.2 billion ROS: 7%; FY2021: 4.6% Financial targets (consolidated) ROE: approximately 10%; FY2021: 5.7% Equity ratio: approximately 60%; FY2021: 55.2% D/E ratio: maintain a substantially debt-free position; FY2021: 3.6% (substantially debt-free) Consolidated payout ratio: approximately 30%; FY2021: 38.3%」
It has reconfirmed the FY2024 targets of net sales of ¥140.0 billion, ordinary profit of ¥10.0 billion, ROS of 7%, ROE of approximately 10%, an equity ratio of approximately 60%, maintaining a substantially debt-free position, and a payout ratio of approximately 30%, and updated the FY2021 results. - FY2022RestatedAnnual report
「The numerical targets for the key financial indicators in the final year, FY2024, are as follows. Medium-term management plan (FY2024 targets): revenue targets (consolidated): net sales ¥140.0 billion, ordinary profit ¥10.0 billion, ROS 7%; financial targets (consolidated): ROE approximately 10%, equity ratio approximately 60%, D/E ratio: maintain a substantially debt-free position; consolidated payout ratio approximately 30%.」
It has reconfirmed the FY2024 targets of net sales of ¥140.0 billion, ordinary profit of ¥10.0 billion, ROS of 7%, ROE of approximately 10%, an equity ratio of approximately 60%, maintaining a substantially debt-free position, and a payout ratio of approximately 30%. - FY2022-Q1RestatedAnnual report
「The revenue targets set out in the medium-term management plan are shown below, and we will continue to expand the business and improve profitability toward the target levels. Medium-term management plan (FY2024 targets) Reference: FY2020 results Revenue targets (consolidated) Net sales: ¥140.0 billion; FY2020: ¥110.2 billion Ordinary profit: ¥10.0 billion; FY2020: ¥6.5 billion ROS: 7%; FY2020: 5.9% Financial targets (consolidated) ROE: approximately 10%; FY2020: 7.9% Equity ratio: approximately 60%; FY2020: 58.1% D/E ratio: maintain a substantially debt-free position; FY2020: 6.8% (substantially debt-free) Consolidated payout ratio: approximately 30%; FY2020: 28.0%」
It has reconfirmed the FY2024 targets of net sales of ¥140.0 billion, ordinary profit of ¥10.0 billion, ROS of 7%, ROE of approximately 10%, an equity ratio of approximately 60%, maintaining a substantially debt-free position, and a payout ratio of approximately 30%, along with the FY2020 results. - FY2021First statedAnnual report
「As the second stage following this, the medium-term management plan formulated in April 2021 aims to further strengthen the competitiveness of the heavy temporary structures business and solidify its position as the industry leader by market share, while accelerating the expansion of peripheral businesses and increasing both business scale and profit levels. The numerical targets for the key financial indicators in the final year, FY2024, are as follows. Medium-term management plan (FY2024 targets): Revenue targets (consolidated): net sales ¥140.0 billion, ordinary profit ¥10.0 billion, ROS 7%; financial targets (consolidated): ROE approximately 10%, equity ratio approximately 60%, D/E ratio: maintain a substantially debt-free position; consolidated payout ratio approximately 30%.」
As the second-stage plan for FY2021–FY2024, new numerical targets were set, including solidifying the industry-leading market share, expanding peripheral businesses, and achieving FY2024 net sales of ¥140.0 billion and ordinary profit of ¥10.0 billion.