Building valuable products and services and a strong management platform under the 13th Three-Year Plan

「During the consolidated fiscal year under review, Japan’s economy continued on a gradual recovery track, partly due to the effects of various government policies. However, the outlook remained uncertain because of soaring raw material and other prices resulting from heightened geopolitical risks, as well as inflation caused by the weaker yen and interest-rate hikes. Against this backdrop, in the final year of the 14th three-year plan, the Group worked to achieve its targets while pursuing “transformation” as a key theme, including by establishing a new organization, the Sales Transformation Promotion Office. Each business division reviewed its existing operations to improve efficiency and productivity and reduce expenses, while implementing price revisions where internal efforts were insufficient in order to secure profits.」

「In the current fiscal year, the final year of the 14th three-year plan, the Group is working to achieve its targets while pursuing “transformation” as a key theme, including by establishing a new organization, the Sales Transformation Promotion Office. Each business division is reviewing its existing operations to improve efficiency and productivity, while seeking to secure profits through price revisions where efforts to improve internally are insufficient.」

「Under the 15th Three-Year Plan (fiscal 2026–2028), the company will make specific efforts to reduce its own CO2 emissions as part of its response to climate change and will develop its business strategy by viewing customers’ CO2 reduction activities as an opportunity. It will also work to expand sales of its products by developing water-based paint products and taking other measures to control environmentally burdensome substances such as VOCs, thereby gaining customer support.」

「Under the 14th Three-Year Plan (fiscal 2023–2025), the Group’s value standard is “Creating a safe, secure and comfortable society,” and it will actively address social issues through its business activities. It also aims to achieve “contribution to the realization of a sustainable society” and “the Group’s own sustainable growth” by viewing the challenges arising from environmental changes as growth opportunities and integrating its business, technology, human resources and local communities.」

「The Group is developing products that contribute to safety, security and comfort and working to contribute to the realization of a sustainable society, while fully maintaining a customer focus to achieve a highly profitable structure and deepening the capabilities of each business division,」

「The Group is developing products that contribute to safety, security and comfort and working to contribute to the realization of a sustainable society, while maintaining a strong customer focus to achieve a highly profitable structure and deepening the capabilities of each business division,」

「There were no material changes during the first two quarters of the current fiscal year in the issues to be addressed by the Group.」

「There have been no material changes to the challenges that our Group needs to address during the cumulative first quarter of the current consolidated fiscal year.」

「As the first step in renewing the plants to build the plants that will be required in the future, the company is improving production efficiency by consolidating manufacturing lines.」

「There have been no significant changes in the business or financial issues that the Group needs to address during the nine-month period ended December 2022.」

「There were no material changes during the first two quarters of the current fiscal year in the issues to be addressed by the Group.」

「There have been no material changes to the challenges that our Group needs to address during the cumulative first quarter of the current consolidated fiscal year.」

「In the 75th fiscal year, the midpoint of the 13th Three-Year Plan, we will continue to focus on “narrowing our target markets and becoming number one and the only one in those markets” and ensuring that employees maintain a strong customer focus, while viewing changes in the environment as opportunities for transformation and striving to provide valuable products and services. We will also build a robust management platform and seek to enhance corporate value by strengthening our business continuity framework (BCP) and fully addressing our social responsibilities (SDGs/ESG). In renewing our plants, we will incorporate Industry 4.0 (Society 5.0) to improve productivity and diversity and build the plants that will be required in the future.」

「There have been no material changes to the challenges that our Group needs to address during the cumulative first quarter of the current consolidated fiscal year.」

「Under the 13th three-year plan, which starts in the 74th fiscal year, we will advance the management principles upheld since our founding: “narrowing our focus to a market and becoming number one and the only one in that market” and “thoroughly pursuing customer-focused management,” while striving to provide “valuable products and services” for a changing society and people’s lives.」