Growth in Niche Fields Based on Metal Technology
First written in FY2021. 3 of 6 entries say "Reframed", first in FY2023. Latest entry: FY2026.
Toho Zinc moved to the "Worse" side of this theme in 2023, 1 year before the typical company in this theme (2024).
The whole theme swung hardest in 2024: 2 of 7 companies on the "Worse" side.
5 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Based on these four basic policies, we will work to revitalize the business and enhance corporate value, aiming to become a leading recycling company supporting social infrastructure.」
The direction of growing in niche fields based on metal technology was developed into a transformation into a leading recycling company through stable operations, stronger earnings power, company-wide structural reform and investment to strengthen competitiveness. - FY2025ReframedAnnual report
「We have positioned the next 5 years as a period of business revitalization and as the period in which we will evolve into a company capable of achieving sustained growth.」
The long-term policy of growing in niche fields based on metal technology was specifically reorganized around the exit from unprofitable businesses, the strengthening of core and growth businesses, and the development of new earnings models during the 5-year business revitalization period. - FY2024ReframedAnnual report
「We will rebuild our business portfolio from the perspectives of a circular society, decarbonization, technological capabilities for addressing environmental issues, and development capabilities recognized by customers, transforming and growing toward a new 東邦亜鉛.」
The long-term policy of growing in niche fields based on metal technology was developed into a plan to rebuild the business portfolio around a circular society, decarbonization, environmental technologies and development capabilities recognized by customers. - FY2023ReframedAnnual report
「Ultimately, we will pursue the following financial objectives. We will advance the restructuring of our business portfolio, raise profit levels in downstream businesses above those in upstream businesses, stabilize them at an adequate absolute level, and limit year-to-year fluctuations in earnings. By using stable free cash flow generated through the restructuring of our business portfolio as a source of debt repayment, while aiming to return to a D/E ratio of 1x, we will generate surplus cash commensurate with our cost of capital and maintain flexibility in returning value to shareholders.」
The 10-year vision was developed from a direction focused on growth in niche fields into a business restructuring policy with specific financial objectives, including raising downstream profits, generating stable free cash flow and returning to a D/E ratio of 1x. - FY2022RestatedAnnual report
「From a long-term perspective, we have defined our desired position 10 years from now as a company that, based on the technologies and development capabilities cultivated through our metals business, continues to pursue excellence and expansion in niche fields.」
The company has reaffirmed its direction of growing in niche fields based on metal technology as its desired position 10 years from now. - FY2021First statedAnnual report
「From a long-term perspective, we have defined our desired position 10 years from now as a company that, based on the technologies and development capabilities cultivated through our metals business, continues to pursue excellence and expansion in niche fields.」
As its desired position 10 years from now, the company explicitly presented for the first time its direction of pursuing growth and expansion in niche fields based on the technologies and development capabilities cultivated through its metals business.