Transition to a Stable Earnings Structure

「The Group pursued initiatives under the 10th Medium-Term Management Plan based on three basic strategies: “Rebuilding the business portfolio toward a decarbonized society,” “Expanding the business domains from ‘comfort’ to ‘enjoyment,’” and “Rebuilding the management base,” with the aim of realizing its “2026 Vision” for a sustainable society.」

「The Group aims to realize its “2026 Vision” for a sustainable society and, under the Ninth Medium-Term Management Plan, pursued the three basic strategies of “expanding the heat pump/electrification business,” “expanding business domains from ‘convenience’ to ‘enjoyment,’” and “breaking away from a high-cost structure through operational streamlining.”」

「Amid these circumstances, the Group formulated its “2026 Vision” for the realization of a sustainable society and, under the Ninth Medium-Term Management Plan, pursued three basic strategies: “expanding the heat pump/electrification business,” “expanding business domains from ‘convenience’ to ‘enjoyment,’” and “breaking away from a high-cost structure through operational streamlining.”」

「We believe it is necessary to pursue in tandem the rebuilding of our medium- to long-term strategy based on the Group's strengths and internal reforms.」

「Amid these circumstances, the Group entered the final year of its Eighth Medium-Term Management Plan and pursued business and functional strategies based on the core strategies of “expanding business domains through existing sales channels,” “establishing a position as an air-conditioning manufacturer,” and “strengthening functions and foundations for sustainable growth,” with “expanding and evolving the CORONA brand” as its key theme.」

「Aiming to become a company that provides value in air conditioning and hot-water supply throughout the year, based on the “CORONA Heating” brand built since the Company's founding」

「Aiming to become a company that provides value in air conditioning and hot-water supply throughout the year, based on the “CORONA Heating” brand」

「Accordingly, with “Structural Reform for New Development: Creation and Co-creation” as its mission, the Company is implementing the Seventh Medium-Term Management Plan, the “V-Up Plan,” covering the fiscal years from March 2017 (FY2016) through March 2019 (FY2018).」

「Accordingly, with “Structural Reform for New Development: Creation and Co-creation” as its mission, the Company established the following targets for the Seventh Medium-Term Management Plan, the “V-Up Plan,” covering the fiscal years from March 2017 (FY2016) through March 2019 (FY2018), and is working to achieve them.」

「As the Group entered the final year of its Sixth Medium-Term Management Plan, which aims to achieve a transition to a structure capable of securing stable earnings in response to changes in the business environment, it pursued its business activities based on the key initiatives of “strengthening new product development capabilities,” “nurturing and expanding the Aqua Air business,” and “strengthening the corporate foundation through CORONA Quality Management (CQM) activities,” with the goals of providing attractive “one-of-a-kind” products, increasing value added, nurturing and expanding growth businesses, and improving operational productivity.」