Financial targets

Financial targets of the FY3/20 to FY3/22 medium-term management plan

We are planning on steady growth of operating revenue as many more funeral halls are opened. There will be substantial expenses for opening these locations, expanding and strengthening our workforce, launching new businesses, and other new activities. Despite these expenses, we are planning on operating profit of 3 billion yen in the fiscal year ending in March 2022. Furthermore, our goal is to maintain an operating margin of at least 13% during all three years of the medium-term management plan.

Note: In prior years, we used the ordinary profit to revenue ratio as a performance indicator. In the new medium-term management plan, we have switched to the operating profit to revenue ratio (operating margin). The operating margin more accurately represents the profitability of business operations by eliminating the effect of non-operating items such as financial expenses, which are small because of the financial structure of the SAN HOLDINGS Group.

Earnings Target

  Results for the fiscal year ended March 31, 2019 Fiscal year ended March 31, 2020 (First year of plan) Fiscal year ended March 31, 2021 (Second year of plan) Fiscal year ending March 31, 2022 (Third year of plan)
Operating revenue
(100 million yen)
207.6 213.0 221.0 229.0
Operating profit
(100 million yen)
29.4 28.1 29.0 30.3
Operating profit to revenue
(%)
14.2 13.2 13.1 13.2

Capital efficiency target

  Fiscal year ending March 31, 2022 (Third year of plan)
The target for the return on assets (ROA) 8.5% or more

*Business profit = Operating profit + Non-operating income