Securing a Stable Consolidated Operating Margin of 3%

「① Achieve consolidated operating profit of ¥5,000 million by fiscal 2027. As for business performance, revenue increased 6.3% year on year to ¥59,510 million, supported by shipments from the new plant in the plastic containers-related business and the addition of pouch beverage filling operations to the other businesses. In addition to the benefit of higher revenue, operating profit increased 8.1% to ¥4,160 million due to cost-reduction measures including improved productivity from the renewal of glass bottle production equipment and revisions to selling prices.」

「① Achieve consolidated operating profit of ¥5,000 million by fiscal 2027」

「Under the fiscal 2024 medium-term management plan “Keeping Pace with the Speed of Change,” for which the current fiscal year is the final year, the company is working on ① consolidated operating profit of ¥3,500 million in fiscal 2024, ② initiatives to develop mid-level and younger personnel, and ③ the formulation and implementation of a roadmap toward reducing CO2 emissions in fiscal 2030 by 50% in Scope 1 and Scope 2 and by 25% in Scope 3, both compared with fiscal 2020. Revenue declined in the plastic containers-related business and glass bottles-related business, resulting in revenue of ¥14,300 million, down 4.5% year on year. In terms of profit, operating profit declined 19.5% year on year to ¥1,320 million due to lower revenue, upfront costs for the launch of a new plant in the plastic containers-related business, and cost burdens related to logistics issues.」

「For the fiscal year ending March 2025, the company forecasts consolidated revenue of ¥57,000 million, down 1.5% year on year, and operating profit of ¥2,500 million, down 54.2%. The target is expected to be missed because costs related to the launch of a new PET bottle preform plant in the plastic containers-related business will be incurred upfront and the glass bottles-related business plans a scheduled renovation of its melting furnace. Excluding these temporary effects, the company expects to achieve consolidated operating profit of ¥3,500 million.」

「The company is working on ① consolidated operating profit of ¥3,500 million in fiscal 2024, ② initiatives to develop mid-level and younger personnel, and ③ the formulation and implementation of a roadmap toward reducing CO2 emissions in fiscal 2030 by 50% in Scope 1 + Scope 2 and by 25% in Scope 3, both compared with fiscal 2020. Although energy prices for LNG and electricity remain high, operating profit increased 142.1% year on year to ¥4,932 million.」

「Under the fiscal 2024 medium-term management plan “Keeping Pace with the Speed of Change,” formulated on this basis and now in its second year, the company is working on ① consolidated operating profit of ¥3,500 million in fiscal 2024, ② initiatives to develop mid-level and younger personnel, and ③ the formulation and implementation of a roadmap toward reducing CO2 emissions in fiscal 2030 by 50% in Scope 1 + Scope 2 and by 25% in Scope 3, both compared with fiscal 2020. Although energy prices for LNG and electricity remain high, operating profit increased 104.5% year on year to ¥3,198 million due to cost-reduction measures including price revisions and rationalisation of manufacturing processes.」

「To achieve one of the key targets, consolidated operating profit of ¥5 billion in fiscal 2030, the company is working to deepen and strengthen existing businesses, incorporate related peripheral businesses, and promote initiatives focused on profitability across the entire Group, including functional subsidiaries.」

「The company is working on ① consolidated operating profit of ¥3,500 million in fiscal 2024, ② initiatives to develop mid-level and younger personnel, and ③ the formulation and implementation of a roadmap toward a 50% reduction in CO2 emissions in 2030 compared with 2015. Despite initiatives including partial price increases and Group-wide cost reductions in response to soaring energy prices for LNG and electricity, Group-wide revenue was ¥43,860 million and operating profit was ¥2,037 million, down 27.3% year on year.」

「Based on this, the company launched the fiscal 2024 medium-term management plan “Keeping Pace with the Speed of Change” in the current fiscal year and is working on ① consolidated operating profit of ¥3,500 million in fiscal 2024, ② initiatives to develop mid-level and younger personnel, and ③ the formulation and implementation of a roadmap toward a 50% reduction in CO2 emissions in 2030 compared with 2015. Despite initiatives including partial price increases and Group-wide cost reductions in response to soaring energy prices for LNG and electricity, caused by heightened geopolitical risks and the yen’s depreciation, revenue was ¥29,413 million and operating profit was ¥1,563 million, down 22.8% year on year.」

「① Consolidated operating profit of ¥3,500 million in fiscal 2024」

「Against this backdrop, under the three-year medium-term management plan “ISHIZUKA 2021 — Toward the Next 100 Years,” for which the current fiscal year is the final year, our Group continues to promote “further strengthening of functions across the Group,” carried over from the previous plan, while working to achieve a 5% operating margin and expand non-container businesses to 10% of consolidated revenue. As for business performance, market conditions showed signs of recovery compared with the state of emergency declared in the previous year, and profitability improved as operating rates rose. Group-wide revenue increased 7.3% year on year to ¥53,830 million, and operating profit increased 200.1% to ¥2,802 million.」

「Against this backdrop, under the three-year medium-term management plan “ISHIZUKA 2021 — Toward the Next 100 Years,” for which the current fiscal year is the final year, our Group continues to promote “further strengthening of functions across the Group,” carried over from the previous plan, while working to achieve a 5% operating margin and expand non-container businesses to 10% of consolidated revenue. As for business performance, market conditions showed signs of recovery compared with the state of emergency declared in the previous year, and profitability improved as operating rates rose. Revenue increased 9.5% year on year to ¥36,314 million, operating profit increased 666.2% to ¥2,024 million, and ordinary profit increased 661.1% to ¥2,183 million.」

「Against this backdrop, under the three-year medium-term management plan “ISHIZUKA 2021 — Toward the Next 100 Years,” for which the current fiscal year is the final year, our Group continues to promote “further strengthening of functions across the Group,” carried over from the previous plan, while working to achieve a 5% operating margin and expand non-container businesses to 10% of consolidated revenue. However, the business environment has changed substantially due to the spread of COVID-19, making achievement of the quantitative targets difficult, and we will continue pursuing improvements in the operating margin, expansion of revenue from non-container businesses, and further strengthening of functions across the Group. As for business performance, market conditions showed signs of recovery compared with the state of emergency declared in the previous year, and profitability improved as operating rates rose. Revenue increased 12.9% year on year to ¥18,300 million, and operating profit increased 383.9% to ¥1,056 million.」

「Although achieving the quantitative targets set out in the basic policy appears difficult in the final fiscal year of the medium-term management plan, the company will continue pursuing the plan’s core objectives of improving the operating margin, expanding revenue from non-container businesses, and further strengthening functions across the Group. Group-wide revenue was ¥64,940 million, down 11.9% year on year, operating profit was ¥852 million, down 65.9%, and ordinary profit was ¥1,153 million, down 46.7%.」

「The company is working to achieve a 5% operating margin and expand non-container businesses to 10% of consolidated revenue in fiscal 2021, the final year of the plan. However, sales declined in most major segments due to requests to refrain from going out and sluggish consumption associated with the spread of COVID-19, resulting in Group-wide revenue of ¥50,170 million, down 13.3% year on year, and operating profit of ¥933 million, down 61.8%.」

「However, in the second quarter, sales declined in most major segments due to requests to refrain from going out and sluggish consumption associated with the COVID-19 pandemic. Group-wide revenue was ¥33,161 million, down 14.8% year on year, operating profit was ¥264 million, down 83.1%, ordinary profit was ¥286 million, down 80.1%, and the net loss attributable to owners of the parent was ¥93 million, compared with net income attributable to owners of the parent of ¥979 million in the same quarter of the previous year, resulting in a substantial decline from the previous year.」

「However, sales declined in most major segments due to requests to refrain from going out and sluggish consumption associated with the COVID-19 pandemic, resulting in Group-wide revenue of ¥16,212 million, down 17.3% year on year, and operating profit of ¥218 million, down 72.6%.」

「With the goal of further strengthening earnings power, we aim to achieve a 5% operating margin in fiscal 2021, three years from now. Operating profit increased 6.0% year on year to ¥2,497 million, mainly due to the profit contribution from higher revenue.」

「Under this medium-term management plan, the company continues to promote “further strengthening of functions across the Group,” carried over from the previous plan, while working to achieve a 5% operating margin and expand non-container businesses to 10% of consolidated revenue in fiscal 2021, the plan’s final year. Although energy prices rose, operating profit increased 10.6% year on year to ¥2,444 million, due mainly to the profit contribution from higher revenue.」

「Under this medium-term management plan, the company continues to promote “further strengthening of functions across the Group,” carried over from the previous plan, while working to achieve a 5% operating margin and expand non-container businesses to 10% of consolidated revenue in fiscal 2021, the plan’s final year. Although energy prices rose, operating profit increased 6.2% year on year to ¥1,562 million, due mainly to the profit contribution from higher revenue.」

「Although revenue increased, operating profit declined 7.4% year on year to ¥797 million due mainly to higher raw material and fuel prices and logistics costs.」

「With the goal of further strengthening earnings power, we aim to achieve a 5% operating margin in fiscal 2021, three years from now.」

「Although revenue increased, operating profit declined 10.1% year on year to ¥2,209 million due mainly to higher raw material and fuel prices.」

「Although revenue increased, operating profit declined 17.0% year on year to ¥1,470 million due mainly to higher raw material and fuel prices.」

「Although revenue increased, operating profit declined 1.7% year on year to ¥860 million due mainly to higher raw material and fuel prices.」

「Against this backdrop, we will pursue Group-wide cost reductions, rationalise production processes and review operations, with the aim of stably maintaining a 3% operating margin.」

「Although operating rates at the overseas manufacturing subsidiary for houseware improved and forward exchange rates also improved, operating profit declined 14.2% year on year to ¥2,457 million due to lower revenue and soaring energy prices. Ordinary profit declined 11.5% year on year to ¥2,162 million.」

「Although revenue declined, operating profit increased 2.7% year on year to ¥1,771 million, partly due to higher operating rates at the overseas manufacturing subsidiary for houseware and the impact of forward exchange rates. Ordinary profit rose 94.0% year on year to ¥1,560 million, as foreign exchange losses on foreign-currency-denominated receivables and payables recorded in the previous fiscal year declined substantially.」

「Revenue increased in the paper containers business due to sales of filling machines for small cartons, but glass bottles, houseware, plastic containers and industrial equipment struggled to grow, resulting in Group-wide revenue of ¥18,662 million, down 1.6% year on year. In terms of profit, although revenue declined, operating profit rose 10.3% year on year to ¥875 million, mainly due to higher operating rates at the overseas manufacturing subsidiary for paper containers and houseware.」

「As a result, the operating margin was 4.1%.」

「Based on the concept of “bringing together the Group’s comprehensive capabilities,” this medium-term management plan focuses on securing stable operating profit, reducing interest-bearing debt, and strengthening functions across the Group.」

「Based on the concept of “bringing together the Group’s comprehensive capabilities,” this medium-term management plan focuses on securing stable operating profit, reducing interest-bearing debt, and strengthening functions across the Group.」

「We launched the medium-term management plan “Next Stage ISHIZUKA 84,” covering the 82nd to 84th fiscal years, with the current fiscal year as its first year. Based on the concept of “bringing together the Group’s comprehensive capabilities,” the plan focuses on securing stable operating profit, reducing interest-bearing debt, and strengthening functions across the Group.」

「The Group is pursuing business activities actively, targeting a stable consolidated operating profit margin of 3% and a ¥3 billion reduction in interest-bearing debt over the next 3 years.」