Medium-term Business Plan
Change for Growth
Outline of medium-term business plan "Change for Growth"
The basic policy of the previous medium-term management plan to promote the differentiation strategy, advance the growth strategy, and fortify the management base is still in progress, and we believe the progress that has been made is inadequate. We need new ideas and bold changes, and the new mediu-mterm management plan therefore sets a three-year course for advancing a transformation strategy.
1. Plan name
「Change for Growth」2. Basic Strategies
(1) Broaden the value we provide for both economic value and social value to our customers and for addressing social issues
(2) Fortify the management base
3. Transformation Strategy
(1) Shift to a highly cyclical business model
(2) Make the organization more dynamic and efficient
4. Quantitative targets and prerequisites for 2023 (final year)
| Quantitative targets | Sales | 120,000 million yen |
| Operating Income | 7,700 million yen | |
| Assumptions | Exchange rate | ¥105/USD ¥125/EUR ¥15/RMB |
| Crude oil (Dubai) | /barrel |
5. Income statement plan for 2023 (final year)
| Sales | 120,000million yen |
| Operating Income | 7,700million yen |
| Ordinary Income | 7,900million yen |
| Net income attributable to owners of the parent | 5,200million yen |
6. Qualitative targets
(1) Improve customer satisfaction by consciously increasing efforts to “Deliver with WOW!”
(2) Connecting SDGs initiatives to social contributions and job satisfaction
(3) Establish a strategic and efficient corporate organization
(4) Use risk assessments and other measures to prevent lost worktime due to accidents
Click here for details on the medium-term business plan "Change for Growth."
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