Advance’18: Business Transformation to Drive Revenue Growth

「Under the basic policy of the medium-term management plan "Accelerate'27," which began in April 2025, namely, "enhancing corporate value by accelerating the growth of highly profitable businesses and efficiently utilizing management resources," the Group focused on expanding priority businesses targeting growth markets, including markets related to semiconductor manufacturing, and strengthening the profitability of its core businesses, centered on structural reform of the textiles business.」

「Against this backdrop, under the basic policy of the medium-term management plan, “Accelerate'27,” which began in April 2025, namely “enhancing corporate value by accelerating the growth of highly profitable businesses and efficiently utilizing management resources,” the Group focused on expanding priority businesses serving the semiconductor manufacturing-related and life sciences-related markets and strengthening the profitability of core businesses, centered on the structural reform of the textile business.」

「Against this backdrop, in the final year of the medium-term management plan, “Progress'24,” under its basic policy of “expanding highly profitable businesses and strengthening core businesses toward sustainable growth,” the Group focused on expanding the operations of growth and priority businesses, such as semiconductor manufacturing-related products and functional films, and strengthening the profitability of core businesses, including textiles and flexible urethane.」

「As a result, net sales fell slightly short of plan due to Kurashiki Kikai Co., Ltd. being excluded from the scope of consolidation and the impact of inventory adjustments by some customers in the textile business. Operating income, however, reached the second-year target for “Progress'24” and progressed steadily, as the chemicals and environmental mechatronics businesses performed well, led by semiconductor manufacturing-related operations. Metric Progress'24 (a) 2023 plan Fiscal 2023 (b) (actual) Variance from plan (b) − (a) Net sales ¥152.0 billion ¥151.3 billion △¥0.6 billion Operating income ¥8.5 billion ¥9.1 billion +¥0.6 billion ROE 6.3% 6.2% △0.1 percentage points ROA 4.8% 5.0% +0.2 percentage points ROIC 5.1% 5.2% +0.1 percentage points」

「Against this backdrop, under the basic policy of the medium-term management plan, “Progress'24,” which began in April 2022, namely “expanding highly profitable businesses and strengthening core businesses toward sustainable growth,” the Group focused on expanding the operations of growth and priority businesses, such as semiconductor manufacturing-related products and functional films, and strengthening the profitability of core businesses, including textiles and flexible urethane.」

「Under the basic policy of the medium-term management plan, “Progress'24,” which began in April 2022, namely “expanding highly profitable businesses and strengthening core businesses toward sustainable growth,” the Group focused on expanding the operations of growth and priority businesses and strengthening the profitability of core businesses.」

「Against this backdrop, under the basic policy of the medium-term management plan, “Progress'24,” which began in April 2022, namely “expanding highly profitable businesses and strengthening core businesses toward sustainable growth,” the Group focused on expanding the operations of growth and priority businesses and strengthening the profitability of core businesses.」

「Against this backdrop, under the basic policy of the medium-term management plan, “Progress'24,” which began in April 2022, namely “expanding highly profitable businesses and strengthening core businesses toward sustainable growth,” the Group focused on expanding sales of high-performance resin-processed products for semiconductor manufacturing equipment. In its core textile business, it worked to restore performance by capturing casual demand and expanding sales of high-performance, high-value-added materials developed using proprietary technologies.」

「Against this backdrop, under the basic policy of the medium-term management plan, “Progress'24,” which began in April 2022, namely “expanding highly profitable businesses and strengthening core businesses toward sustainable growth,” the Group focused on expanding sales of high-performance resin-processed products for semiconductor manufacturing equipment, supported by the strong semiconductor market, while working to restore performance in its core textile business by capturing recovering casual demand and expanding sales of high-performance, high-value-added materials.」

「Against this backdrop, under the basic policy of the new medium-term management plan, “Progress'24,” which began in April 2022, namely “expanding highly profitable businesses and strengthening core businesses toward sustainable growth,” the Group worked to expand the operations of growth and priority businesses and strengthen the profitability of core businesses.」

「The Group launched the 3-year new medium-term management plan, “Progress'24,” in April 2022. Its basic policy is “expanding highly profitable businesses and strengthening core businesses toward sustainable growth.” The Group will concentrate management resources on priority businesses in growth markets, work to strengthen the profitability of core businesses, and build an optimal business portfolio to sustainably enhance corporate value even amid a rapidly changing operating environment.」

「As a result, businesses related to semiconductor manufacturing and other areas expanded their operations. However, the Group’s core textile business was significantly affected by market contraction caused by the global spread of the novel coronavirus, logistics disruptions, and the closure of overseas production sites due to lockdowns, and did not return to profitability. Similarly, profitability declined in the core flexible urethane and housing materials businesses due to lower automobile production and higher raw material prices. Consequently, the Group as a whole fell short of the target figures for net sales, operating income, ROA, and ROE set as KPIs under “Creation'21.”」

「Against this backdrop, the Group worked to achieve the objectives of the medium-term management plan, “Creation’21,” including by taking thorough measures to prevent the spread of infection and focusing on sales activities that addressed the needs of markets where living with COVID-19 had become the norm, as well as developing new products.」

「Against this backdrop, the Group worked to achieve the objectives of the medium-term management plan, “Creation'21,” including by focusing on sales activities with thorough measures to prevent the spread of infection and developing new products for markets where living with COVID-19 had become the norm.」

「Against this backdrop, the Group made every effort to achieve the objectives of the medium-term management plan, “Creation'21,” including by focusing on sales activities with thorough measures to prevent the spread of infection and developing new products for markets where living with COVID-19 had become the norm.」

「Against this backdrop, the Group prioritized the safety and health of employees and stakeholders, worked to prevent the spread of the novel coronavirus and minimize its impact on business and production activities, and made every effort to achieve the objectives of the medium-term management plan, “Creation’21,” but」

「Against this backdrop, the Group made every effort to prevent the spread of the novel coronavirus and minimize its impact on business and production activities, while prioritizing the safety and health of employees and stakeholders, and worked toward achieving the medium-term management plan, “Creation'21,” in its second year.」

「In fiscal 2019, the first year of the medium-term management plan, “Creation'21,” the Group implemented various measures and strategies based on its basic policy and priority initiatives. However, due to significant changes in the operating environment, including escalating US-China trade tensions and the spread of the novel coronavirus, both net sales and operating income fell short of plan. Net sales　¥153.0 billion　¥142.9 billion　△¥10.1 billion Operating income　¥5.7 billion　¥4.5 billion　△¥1.2 billion ROA　3.3%　2.7%　△0.6 percentage points ROE　4.5%　4.1%　△0.4 percentage points」

「Against this backdrop, under the basic policy of the medium-term management plan, “Creation'21,” which began in April 2019, namely “expanding earnings through innovation and enhancing corporate value,” the Group focused on expanding high-value-added, highly profitable businesses, shifting to market-oriented businesses, and creating new businesses.」

「Under the basic policy of the medium-term management plan, “Creation'21,” which began in April 2019, namely “expanding earnings through innovation and enhancing corporate value,” the Group focused on expanding high-value-added, highly profitable businesses, shifting to market-oriented businesses, and creating new businesses.」

「Under the basic policy of the new medium-term management plan, “Creation'21,” which began in April 2019, namely “expanding earnings through innovation and enhancing corporate value,” the Group focused on expanding high-value-added, highly profitable businesses, shifting to market-oriented businesses, and creating new businesses.」

「Against this backdrop, under the basic policy of the medium-term management plan Advance'18, namely Business Transformation to Increase Earnings, our Group worked to shift to market-oriented businesses focused on future markets, while pursuing high-value-added, highly profitable businesses and focusing on technological innovation and the creation of new businesses.」

「Against this backdrop, under the basic policy of the medium-term management plan Advance'18, now entering its final year, namely Business Transformation to Increase Earnings, our Group worked to shift to market-oriented businesses focused on future markets, while pursuing high-value-added, highly profitable businesses and focusing on technological innovation and the creation of new businesses.」

「We formulated Advance'18, a three-year medium-term management plan beginning in the fiscal year ending March 2017, under the basic policy of Business Transformation to Increase Earnings. With a strong commitment to keeping our Group ahead of the times, we will promote the restructuring of our businesses with a focus on the future and the development of a company trusted by society, while focusing on increasing corporate value.」

「Against this backdrop, under the basic policy of the medium-term management plan Advance'18, now entering its second year, namely Business Transformation to Increase Earnings, our Group worked to shift to market-oriented businesses focused on future markets, while pursuing high-value-added, highly profitable businesses and focusing on technological innovation and the creation of new businesses.」

「Under the basic policy of the medium-term management plan Advance'18, now entering its second year, namely Business Transformation to Increase Earnings, we worked to shift to market-oriented businesses focused on future markets, while pursuing high-value-added, highly profitable businesses and focusing on technological innovation and the creation of new businesses.」

「Under the basic policy of the medium-term management plan Advance'18, now entering its second year, namely Business Transformation to Increase Earnings, we worked to shift to market-oriented businesses focused on future markets, while pursuing high-value-added, highly profitable businesses and focusing on technological innovation and the creation of new businesses.」

「For the final year, the fiscal year ending March 2019, our performance targets on a consolidated basis are revenue of ¥190 billion and operating profit of ¥9 billion.」

「Against this backdrop, under the basic policy of the new medium-term management plan Advance’18, which began in April 2016, namely Business Transformation to Increase Earnings, our Group worked to shift to market-oriented businesses focused on future markets, while also pursuing high-value-added, highly profitable businesses and focusing on technological innovation and the creation of new businesses.」

「Against this backdrop, under the basic policy of the new medium-term management plan Advance’18, which began in April this year, namely Business Transformation to Increase Earnings, our Group worked to shift to market-oriented businesses focused on future markets, while also pursuing high-value-added, highly profitable businesses and focusing on technological innovation and the creation of new businesses.」

「Under the basic policy of the new medium-term management plan, Advance'18, which began in April this year, namely Business Transformation to Increase Earnings, our Group worked to shift to market-oriented businesses focused on future markets, while also pursuing high-value-added, highly profitable businesses and focusing on technological innovation and the creation of new businesses.」