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Management planning4023KUREHA CORPORATIONMaterials and Chemicals

Kureha Group “New Medium- to Long-Term Management Plan” — Technology to Value — Notice of Formulation

The Group has withdrawn the FY2030 targets set out in its previous medium- to long-term management plan and formulated a long-term management plan with FY2035 as the new long-term target year, together with a medium-term management plan for FY2026-FY2028. It aims to build a portfolio centered on three businesses: functional products, resin products, and life sciences, while reducing its excessive dependence on the PVDF business.

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Items stated in the management plan

Formulated
Kureha Group “FY2035 Long-Term Management Plan” – Technology to Value (Evolving Technology into Further Value) – / “Medium-Term Management Plan (FY2026-FY2028)” – Technology to Value 2028 (Turning Technology into Value) –Plan period FY2026-FY2028 (medium term), FY2035 (long-term target year)
Publication date 12 May 2026
Operating profitNot disclosed → FY2028: ¥19.0 billion
ROENot disclosed → FY2028: 8.0%, FY2035: 12%
ROICNot disclosed → FY2028: 4.8%, FY2035: 8%
Only the target level is shown because the current level for comparison was not provided.
Reason for revision or withdrawal

In light of the lessons learned from the previous medium- to long-term management plan, “Challenge toward the Creation of the Future,” which relied excessively on profit growth in the PVDF business, and taking into account the time required by the nature of the business to develop new products and businesses that will contribute to higher profits in life sciences, the Group has withdrawn the FY2030 targets set out in the previous medium- to long-term management plan and designated FY2035 as the new long-term target year.

Items stated in the management plan
ItemDetails
Plan nameKureha Group “FY2035 Long-Term Management Plan” – Technology to Value (Evolving Technology into Further Value) – / “Medium-Term Management Plan (FY2026-FY2028)” – Technology to Value 2028 (Turning Technology into Value) –
Plan periodFY2026-FY2028 (medium term), FY2035 (long-term target year)
Progress against the planFormulated
Operating profit targetNot disclosed → FY2028: ¥19.0 billion
ROE targetNot disclosed → FY2028: 8.0%, FY2035: 12%
ROIC targetNot disclosed → FY2028: 4.8%, FY2035: 8%
Reason for revision or withdrawalIn light of the lessons learned from the previous medium- to long-term management plan, “Challenge toward the Creation of the Future,” which relied excessively on profit growth in the PVDF business, and taking into account the time required by the nature of the business to develop new products and businesses that will contribute to higher profits in life sciences, the Group has withdrawn the FY2030 targets set out in the previous medium- to long-term management plan and designated FY2035 as the new long-term target year.
Publication date12 May 2026
Items this document does not state (17)
Sales TargetOperating profit margin targetNet income targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsKey initiativesResults under the previous planSize of the Target MarketRisks identifiedDate of board resolution

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

This reflects the lessons learned from the previous medium- to long-term management plan’s excessive reliance on profit growth in the PVDF business. In addition, the development of new products and businesses that will contribute to higher profits in life sciences requires time due to the nature of the business.

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Kureha Group “New Medium- to Long-Term Management Plan” — Technology to Value — Notice of Formulation | KUREHA CORPORATION (4023) timely disclosure | Komori