Realization of the 3-Year Medium-Term Management Plan

「The numerical targets for the fiscal year ending March 2028, the final year of the 24 Medium-Term Management Plan, have been changed to consolidated net sales of ¥87.5 billion and a consolidated operating margin of 4% or more.」

「The Group has been implementing the 2024 Medium-Term Management Plan since the previous fiscal year, designating the fiscal year ending March 2025, its first year, as a period for recovery from the earthquake and the 3 years from the fiscal year ending March 2026, its second year, as the phase for achieving full-scale growth,」

「We have formulated the 2024 Medium-Term Management Plan, positioning fiscal 2024 as a period for recovery from the earthquake’s impact and structuring the plan over 4 years. While achieving sales growth at Sanken Core and transforming it into a company that generates profits, we have set the growth targets for Sanken Core in fiscal 2027, the final year of the 24 Medium-Term Management Plan, at net sales of ¥100 billion or more and an operating margin of 10%.」

「We launched the 2024 Medium-Term Management Plan in the fiscal year ending March 2025, positioning its first year, the fiscal year ending March 2025, as a period for recovery from the earthquake’s impact. To achieve an early recovery and a full-scale improvement in profitability from the fiscal year ending March 2026 onward, we are working to increase the proportion of new products, secure appropriate selling-price conditions for existing products and reduce costs.」

「In parallel with formulating the next plan, the 2024 Medium-Term Management Plan, we have begun work on developing a growth strategy aimed at taking Sanken Core’s recovery to a higher level.」

「With the fiscal year ending March 2024 as the final year of the 2021 Medium-Term Management Plan, we are making strategic investments aimed at medium- to long-term growth, recognising that this is the year to complete the improvement in Sanken Core’s profitability and achieve further growth at Allegro.」

「Consolidated net sales for the fiscal year were ¥225.387 billion, exceeding the target, while the operating margin was 11.6% and ROE was 9.3%, both below target.」

「Against this backdrop, the Group established “delivering the results of structural reform,” “achieving the growth strategy,” “ESG management,” “promoting DX” and “strengthening the financial strategy” as the key priorities for the current fiscal year, and focused on specific measures to achieve the growth strategy.」

「In the first year of the plan, we sought to concentrate management resources on Sanken Core. We also completed by the end of December last year the production of inventory built up in preparation for the closure of 2 domestic semiconductor device plants, an initiative pursued as part of structural reform under the 18 Medium-Term Management Plan, and largely completed the optimisation of the production system.」

「Against this backdrop, the Group launched the “2021 Medium-Term Management Plan” on 1 April of this year, referred to below as the “21 Medium-Term Management Plan.”」

「We have formulated a medium-term management plan covering the 3 years from April 2021, referred to below as the “21 Medium-Term Management Plan.” The plan sets targets for the consolidated results in fiscal 2023, the final year of the 21 Medium-Term Management Plan, of an operating margin of 13% or more, net sales of ¥170 billion or more and ROE of 12% or more.」

「The Group established “structural reform,” “achieving the growth strategy,” “strengthening the financial position” and “promoting work-style reform” as its basic policies for the current fiscal year, and is pursuing structural reforms aimed at fundamentally rebuilding its earnings structure, including optimising the production system for the semiconductor devices business and giving concrete form to strategic options for the power systems business,」

「Under these circumstances, the Group established “structural reform,” “achieving the growth strategy,” “strengthening the financial position” and “promoting work-style reform” as its basic policies for the current fiscal year. In addition to pursuing structural reforms aimed at fundamentally rebuilding its earnings structure, including optimising the production system for the semiconductor devices business and giving concrete form to strategic options for the power systems business, we have undertaken development reforms aimed at improving the commercial strength of semiconductor devices and prepared production sites for next-generation products resulting from those reforms.」

「For the fiscal year ending March 2021, the final year of the 18 Medium-Term Management Plan, the impact of the spread of COVID-19 on economic activity and end demand in each country remains uncertain, making it difficult to calculate earnings forecasts based on reasonable estimates, and therefore the full-year consolidated earnings forecast is undetermined. In addition, we have begun formulating a new medium-term management plan covering the Group’s growth strategy for the 3 years from 2021 and a specific execution plan to ensure its achievement.」

「Against this backdrop, under the 2018 Medium-Term Management Plan, we are focusing development resources on growth fields designated as strategic markets, including growing demand for energy-efficient products in the air-conditioning market, the shift toward environmental performance, enhanced safety functions and electrification in automobiles, and the spread of 5G-compatible communications infrastructure,」

「The plan sets a long-term outlook of consolidated net sales of ¥330 billion and a consolidated operating margin of 15% or more in 10 years. Under the 18 Medium-Term Management Plan, which is integrated with this long-term outlook, we aim for consolidated net sales of ¥200 billion and a consolidated operating margin of 10% in the fiscal year ending March 2021, the final year of the plan.」

「During the fiscal year, the Company launched the “2018 Medium-Term Management Plan.” The long-term vision under the plan is a “highly profitable company that grows through proprietary technologies and the performance of its people and organisation.” For the first year of the plan, the Company identified three basic policies, “Realise the growth strategy,” “Promote work-style reform” and “Strengthen the financial position,” and is working to expand sales and profit.」

「Against this backdrop, the Company launched the “2018 Medium-Term Management Plan” on 1 April this year. The long-term vision under the plan is a “highly profitable company that grows through proprietary technologies and the performance of its people and organisation.” For the first year of the plan, the Company identified three basic policies, “Realise the growth strategy,” “Promote work-style reform” and “Strengthen the financial position,” and is working to expand sales and profit.」

「Against this backdrop, on 1 April of this year we launched the 2018 Medium-Term Management Plan. We defined the long-term vision for the plan as a “highly profitable company that grows through proprietary technologies and the performance of its people and organisation,” and established “achieving the growth strategy,” “promoting work-style reform” and “strengthening the financial position” as the 3 basic policies for the first year of the plan.」

「In addition, as part of our medium- to long-term management strategy, we have formulated a 3-year medium-term management plan and are working as a group to achieve it.」

「In addition, as part of our medium- to long-term management strategy, we have formulated a 3-year medium-term management plan and are working as a group to achieve it.」

「In addition, as part of our medium- to long-term management strategy, we have formulated a 3-year medium-term management plan and are working as a group to achieve it.」

「In addition, as part of our medium- to long-term management strategy, we have formulated a 3-year medium-term management plan and are working as a group to achieve it.」

「In addition, as part of our medium- to long-term management strategy, we have formulated a 3-year medium-term management plan and are working as a group to achieve it.」

「In addition, as part of our medium- to long-term management strategy, we have formulated a 3-year medium-term management plan and are working as a group to achieve it.」