- I. Long-Term Vision
- II. Business Targets of the New Medium-Term Management Plan
- III. Structural Reform
- IV. Innovation
- V. Globalization
- VI. M&A Strategy
- VII. Investment Plan
I. Long-Term Vision
Achieve "sales of 1 trillion yen, an operating margin of 10%, a ROCE of 10% or above, and an overseas sales ratio of 50% or above" by FY2023.
Position the new medium-term plan as the first stage in the achievement of the long-term management vision, and develop a foundation and system for building a new revenue base.
II. Business Targets of the New Medium-Term Management Plan
Aim to achieve "sales of 600 billion yen, an operating margin of 7.5%, a ROCE of 8% or above, and an overseas sales ratio of 40% or above" in FY2017.
III. Structural Reform
Reduce 6-7 billion yen/year in fixed costs (compared to the FY ended March 2014)
- ・Create the new businesses that will be the core of the next generation, by seizing opportunities of global energy shift such as natural gases and shale gas.
- ・Accelerate the commercialization of new products into global market by aggressively taking innovations from open resources.
Strategically input management resources in North America and emerging economies.
VI. M&A Strategy
Cultivate and penetrate global markets, including new countries, and accelerate business expansion.
VII. Investment Plan
Make a strategic investment of 200 billion yen in three, including M&As of operating companies, investment in venture businesses, large capital expenditure, investment in rationalization, etc.