Medium-Term Management Plan
Medium-Term Management Plan FY2025 - FY2027
"Evolution and Transformation 2.0"
- We will take a leap forward over the 3 years to make our vision a reality by establishing the GX business.
- We will work to increase shareholder return and enhance capital efficiency while fully communicating our appeal.
Key Points and Measures in the Medium-term Plan
We will evolve our business portfolio and establish management conscious of the cost of capital and stock prices, which will be supported by a stronger and sustainable management.
Goal 1
Expand the lines of our products and services for our GX businesses mostly in the areas of realizing a sustainable recycling society and clean energy, thereby serving as a partner in customers' efforts toward decarbonization.
Goal 2
Achieve the sales of 90 billion yen, 9% or higher operating profit ratio, PBR above 1.0 times, and 12% or higher ROE
Business and financial strategies
- Key Point 1: Evolution of our business portfolio
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- Establishing the GX business
- Boosting the competitiveness of our fundamental businesses
- Implementing our business expansion strategies
- Key Point 2: Establishment of management conscious of cost of capital and stock prices
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- Making growth investments
- Enhancing capital efficiency
- Increasing shareholder return / Publishing information that boosts growth expectations
Stronger management base
- Key Point 3: Stronger human and technical capital
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- Pursuing our human capital strategy
- Implementing our manufacturing strategy
- Key Point 4: Improved transparency of corporate governance
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- Managing our business portfolio / Practicing ROIC-oriented management
- Pursuing sustainability

This Medium-term Plan on Our Road Map
The period covered by the medium-term management plan is positioned as the "3 years for a leap forward" to facilitate the growth of our GX business, achieve higher sales, and thereby realize our management vision.

Financial Targets in the Medium-term Plan
To achieve PBR above 1 during an early period of the medium-term management plan, we plan to boost net sales to 90 billion yen (out of which 23 billion yen from the GX business, improve profitability and efficiency, and increase shareholder return.

Dividend Trends
For this medium-term management period, we aim to raise the dividend payout ratio (DPR) to 40%. The lowest dividend on equity (DOE) ratio is set at 3.5%.

For more information, please refer to the following presentation.