Aiming to be “A Global Company for Global Society”
Local Community
Comply with all laws and regulations, keeping local communities well informed
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Employees
Provide employees with a safe, healthy and rewarding workplace.
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Customers & business partners
Deliver superior products and services with WOW! that create value.
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Consumers
Deliver WOW! to clients and end-users with products that contribute to society.
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Shareholders & Investors
Promote transparency, deliver ethics and values and thereby provide return-on-investment.
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About Long-term Vision “VISION2027”
JSP pursues its “vision”, what it should be, from a long-term perspective.
JJSP has developed “VISION 2027” as its long-term vision to share with its employees and other stakeholders a vision for the future. This includes what we should aim for and what we want from a long-term perspective (vision), how we will contribute to society (mission), and our values to achieve (values) it on a zero-basis discussion of ideas and directions that would not be conceived in a conventional medium-term business plan.
JSP's corporate philosophy is to "Creatively and Actively Contribute to Society” and our mission is to provide value to society that contributes to resource and energy conservation and enhances the convenience of social life by using our foamed plastic products of our core business and new materials. In our long-term vision, we have established a new management policy "Deliver with WOW!" with the intention of delivering excitement and satisfaction to all stakeholders, including "Inspire customers and consumers”, "deliver satisfaction to shareholders and the community”, and "Be excited in our work”. It is our objective to establish "a company that is needed by society".
As a company that can contribute to solving social issues on a global scale, we aim to become “A Global Company for Global Society” by using our “Four Growth Engines” to aggressively promote geographical expansion in global markets and discover new demand by leveraging the strengths of our unique technologies. We will actively promote business expansion into the surrounding areas and aim to become a "true global company" (One JSP).
Vision
Aiming to be “A Global Company for Global Society”
Management Policy
- Inspire customers and consumers
- Deliver satisfaction to shareholders and the community
- Be excited in our work
Key Elements
- Strengthen and expand existing businesses
- Expand the business domain
- Strengthen the management base
Corporate Philosophy
- “Creatively and Actively Contribute to Society”
Process, basic policy and quantitative vision with a three-year "Medium-term Business Plan" as a milestone for realizing "VISION 2027"
We aim to realize our vision.
As a company, we will continue to provide products needed by society and products with new value in the future. In order to progress as a company, we will explore our current businesses in further depth, create new businesses and new grades of products based on these ideas, and discover new demand by expanding our business domain to a position closer to our users. In addition, we will aggressively pursue growth strategies through geographic expansion and M&A, focusing on global markets, and aim to become a truly global company as “One JSP”.
Key Elements "VISION2027"
Strengthen and expand existing businesses
- Product portfolio improvement
- Establish an appropriate production and sales system
- Shift to competitive production facilities
- Business expansion by promoting regional sales strategies
Expand the business domain
- Expand business domains from a position close to user
- Target the global market
- Expand business domain through M&A
- Creation of new businesses
Strengthen the management base
- Fostering a corporate culture of safety, health and environmental protection
- Strengthening the human resources development system
- Work style reforms
- Strengthening the organization as a global company (One JSP)
- Promote global intellectual property strategy
- Strengthen brand power
Medium-term Business Plan
Deepen & Grow 2017
- Vision：
- "Deepening and Growth"
- Basic Policy：
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- Promote the differentiation strategy
- Promote the growth strategy
Medium-term Business Plan
Deeper & Higher 2020
- Vision：
- "Further Deepening and Growth"
- Basic Policy：
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- Promote the growth strategy
- Promote the differentiation strategy
- Strengthen the management base
Medium-term Business Plan
Change for Growth
- Basic Concept：
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- Expand provided value from economic value to social value to solve customers’ and social issues
- Strengthen the management base
- Transformation Strategy：
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- Shift to a highly cyclical business model
- Make the organization more dynamic and efficient
Vision
Aiming to be “A Global Company for Global Society”
Quantitative Vision
JSP aims for sales of 180 billion yen, operating income of 18 billion yen, and an operating income ratio of 10%.
FY2017
| Sales | 114.2 billion yen |
|---|---|
| Operating Income | 9.1 billion yen |
| Operating Income Ratio | 8.0% |
VISION 2027
| Sales | 180.0 billion yen |
|---|---|
| Operating Income | 18.0 billion yen |
| Operating Income Ratio | 10% |
Business areas to move forward – Four Engines of Growth
We aim to achieve sustainable growth through our " Four Growth Engines" with a view to address "customer needs" and "solve social issues“.
Four Growth Engines
Automotive components
Sales+50%
Market Environment
Global automotive production was 90M cars in 2016 and is projected to be 109M cars in 2027.
Global automotive production is expected to increase by more than 20% over the next 10 years. In addition, the shift to HVs and EVs is expected to accelerate further and demand for further weight reduction for the purpose of lower fuel consumption will be strengthened. The demand for ARPRO/P-BLOCK is expected to increase beyond the growth of car builds.
Growth Strategy
ARPRO/P-BLOCK lead the growth strategy
Strengthen and expand existing businesses
- +40% usage and +50% sales per vehicle
- Expand the number of parts to be adopted from the seat cushion material of the rear seats to the seat back material and also the front seats.
Expand the business domain
- Apart from applications for the automotive sector, we will promote the expansion of applications for HVAC and permeable ground base materials.
- Expand geographically in a timely manner to meet future demand growth.
Strengthen the management base
- Strengthen our brand power by promoting differentiation strategies.
- Expand global sales of other materials by taking advantage of our global manufacturing and sales bases
Building and home insulation materials
Sales+40%
Market Environment
Increasing demand of highly insulated materials
We anticipate that demand for high insulation materials will increase due to mandated compliance with energy conservation standards. In addition, as the the working population declines, we anticipate that demand for products that are more workable and labor saving will increase.
Growth Strategy
High-insulation material, MIRAFOAM, leads the growth strategy
Strengthen and expand existing businesses
- +40% sales with high insulation materials
- Cultivate new demand in the construction & civil engineering sector by making the best use of our design capabilities
Expand the business domain
- Labor-saving for custom-made cutting
- Penetrating into the markets around insulation materials
- Business expansion outside Japan
Strengthen the management base
- Strengthen the organization of production, delivery and sales
- Improve operational efficiency of custom-made cutting
Flat Panel Display (FPD) protection materials
Sales+65%
Market Environment
Demand for surface protective materials is expected to grow due to larger, thinner, and higher definition FPDs
Demand of protection materials for FPD will increase in East Asia where the production of LCD TV, OEL-TV, vehicle installation display is expected to double in 10 years.
Growth Strategy
MIRAMAT ACE lead the growth strategy
Strengthen and expand existing businesses
- ＋65% sales for surface protective materials due to larger screens, thinner walls, and higher definition FPDs in the East Asia: China, South Korea, Taiwan, and Japan
- Capture new demand by achieving higher quality and functionality
Expand the business domain
- Expand business by increasing sales of a wide variety of sustainable anti-static products, such as P-Board, Mira-Space, etc.
- Target areas other than FPD
Strengthen the management base
- Establish Business Continuity Plan
- Strengthen our sales structure in the East Asia region
New business domains
Sales30 billion yen
Growth Strategy
Aim to expand business domain closer to users, create new grades and products, and expand business through M&A.
Expand the business domain
- Extend business domains closer to customers
- Exploit new demand and expand business into peripheral areas
- Create new products and grades
- Further explore the current business and create competitive products that meet true customer needs
Strengthen the management base
- M&A
- Strengthen our system to support new business launches and business acquisitions.