Achieving the Targets of the 3-year Medium-Term Business Plan and Strengthening the Business Foundation

「Revenue from the railway signaling systems business exceeded the previous fiscal year, while revenue from the power electronics business fell below it. Combined revenue from the two businesses nevertheless exceeded the previous fiscal year, reaching a record high for the second consecutive period.」

「Against this backdrop, from April 2025 the Group launched the 3-year medium-term management plan “KYOSAN Next Step 2028” under a new corporate philosophy, corporate vision, and code of conduct. To create “new value” as stated in the new corporate philosophy and realize “safe, secure and comfortable lives for people and the sustainable development of society,” the Group is advancing initiatives based on 12 basic strategies linked to its materialities, or key management issues.」

「However, among the initiatives for the final year of the medium-term management plan, targets related to expanding the power electronics business, orders and sales in new businesses, and strengthening the financial base by reducing inventories and borrowings have not been achieved. We will continue working to improve these areas as ongoing challenges. The new medium-term management plan, KYOSAN Next Step 2028, which began in April 2025, will address the shortfalls under the previous plan and pursue the 12 basic strategies linked to materiality, a key management issue.」

「Against this backdrop, the Group is undertaking business activities based on its company-wide and business strategies toward achieving the final-year targets of “Medium-Term Management Plan 2025,” whose basic policies are “growth” and “sustainability.”」

「Looking ahead to the management expected of companies and changes in the business environment, the Group formulated a medium-term management plan for which the fiscal year ending March 2025 is the final year, adopting “growth” and “sustainability” as its basic policies to achieve the sustainable growth of the Kyosan Group. In the current consolidated fiscal year, the second year of the plan, it advanced specific initiatives under these strategies. As a result, it achieved a certain level of progress in establishing the business foundation needed to achieve the plan’s final-year targets.」

「Against this backdrop, based on “growth” and “sustainability,” the basic policies of “Medium-Term Management Plan 2025,” for which the fiscal year ending March 2025 is the final year, the Group identified its materialities, or key management issues, and established its Basic Sustainability Policy, Approach to Diversity, Equity & Inclusion, and Human Rights Policy. It is advancing specific initiatives under these policies and principles.」

「Against this backdrop, the Group launched the 3-year “Medium-Term Management Plan 2025” in April 2022 with “growth” and “sustainability” as its basic policies. It has identified its materialities, or key management issues, and established its Basic Sustainability Policy, Approach to Diversity, Equity & Inclusion, and Human Rights Policy, and is advancing specific initiatives under these policies and principles.」

「Against this backdrop, the Group launched the 3-year “Medium-Term Management Plan 2025” in April 2022 with “growth” and “sustainability” as its basic policies. It has identified its materialities, or key management issues, and established its Basic Sustainability Policy, Approach to Diversity, Equity & Inclusion, and Human Rights Policy, and is advancing specific initiatives under these policies and principles.」

「In the current consolidated fiscal year, the first year of the medium-term management plan, the Company made every effort to achieve its targets by working to establish a foundation for business growth and exploring and pursuing new businesses based on the above [Growth Strategy] and [Sustainable Strategy], while also adopting a Basic Sustainability Policy and completing the identification of materialities.」

「Against this backdrop, the Group launched the 3-year “Medium-Term Management Plan 2025” in April 2022 with “growth” and “sustainability” as its basic policies. In the current fiscal year, the first year of the plan, it established the “Basic Sustainability Policy” and its “Approach to Diversity, Equity & Inclusion” and is advancing specific initiatives under these policies and principles.」

「Against this backdrop, the Group launched the 3-year “Medium-Term Management Plan 2025” in April 2022 with “growth” and “sustainability” as its basic policies. All employees will work to achieve coexistence with society through expansion of the signaling systems and power electronics businesses, challenges in new businesses, and sustainability-focused ESG management, in line with the Company’s behavioral principles of “Speed, Challenge, Innovation.”」

「Against this backdrop, the Group launched the 3-year “Medium-Term Management Plan 2025” in April 2022. With a long-term outlook extending approximately 10 years ahead, it has adopted “growth” and “sustainability” as its basic policies and aims for the Kyosan Group’s sustainable growth. All employees will work to achieve coexistence with society through expansion of the signaling systems and power electronics businesses, challenges in new businesses, and sustainability-focused ESG management, in line with the Company’s behavioral principles of “Speed, Challenge, Innovation.”」

「Under “Medium-Term Management Plan 2025,” beginning in April 2022, the Company has looked approximately 10 years ahead at the management expected of companies and changes in the business environment, summarized what it should do and how far it must progress over the next 3 years, and will pursue initiatives under its “growth strategy” and “sustainable strategy” to achieve these goals.」

「The Group continues to advance its strategies toward achieving the medium-term management plan for which the fiscal year ending March 2022 is the final year, while responding to changes in the business environment resulting from COVID-19.」

「The Group continues to advance its strategies toward achieving the medium-term management plan for which the fiscal year ending March 2022 is the final year, while responding to changes in the business environment resulting from COVID-19.」

「However, the global spread and prolongation of the COVID-19 pandemic significantly changed the business environment assumed when the medium-term management plan was formulated, and some aspects lacked continuity with the first and second years. As disclosed on 18 September 2020, the Company determined that it would be difficult to review the current fiscal year as the plan’s final year. It therefore decided to extend the plan by 1 year and make every effort to achieve its targets while taking necessary measures in response to changes in the business environment.」

「Against this backdrop, due to the impact of COVID-19 on the business environment, the Company extended the medium-term management plan by 1 year, making the fiscal year ending March 2022 its final year, and advanced its strategies.」

「The Company is advancing the medium-term management plan for which the fiscal year ending March 2021 is the final year. However, because the COVID-19 pandemic affected the business environment, it determined that it would be difficult to review the current fiscal year as the plan’s final year and inappropriate to formulate the next plan under the current uncertain business environment. Accordingly, it extended the medium-term management plan by 1 year to 4 years, making the fiscal year ending March 2022 its final year.」

「As a result, the Company was unable to achieve the target for the second year of the medium-term management plan. In the 156th fiscal year, ending March 2021, the final year of the 3-year plan, it will further advance the company-wide and business strategies pursued over the preceding 2 years and steadily convert them into results by accelerating global expansion through swift, efficient business operations and enhanced responsiveness.」

「Against this backdrop, the Group is advancing its strategies toward achieving the medium-term management plan formulated under a new vision, for which the fiscal year ending March 2021 is the final year.」

「Against this backdrop, to achieve sustainable growth in its second century of operations, the Group entered the second year of the 3-year medium-term management plan launched under a new vision and is advancing company-wide and business strategies.」

「Against this backdrop, to achieve sustainable growth in its second century of operations, the Group launched a 3-year medium-term management plan in the previous fiscal year under a new vision and is advancing company-wide and business strategies.」

「As a result, the Company was unable to achieve the target for the first year of the medium-term management plan. Taking this situation seriously, as its initiatives for the second year of the plan, the Group will clarify roles in business processes and strengthen coordination with related departments to enforce process management and improve the issues identified in the first year, thereby working toward achieving the medium-term management plan’s targets and sustainable growth in its second century of operations.」

「Against this business backdrop, the Group launched a 3-year medium-term management plan in the current fiscal year and is advancing company-wide and business strategies under a new vision.」

「Against this business backdrop, the Group launched a 3-year medium-term management plan in the current fiscal year and is advancing company-wide and business strategies under a new vision.」

「Against this business backdrop, the Group launched a 3-year medium-term management plan in the current fiscal year and is advancing company-wide and business strategies under a new vision whose goals are “to be a leading company providing safety and安心,” “to be a global company that respects the cultures of all countries,” and “robust corporate governance.”」

「As a result, the Company achieved all of its performance targets for the consolidated fiscal year, with net sales of ¥73.9 billion, operating profit of ¥5.0 billion, and ROE of 8.8%. Under the new medium-term management plan beginning in the fiscal year ending March 2019, the Company will continue and further advance the basic strategies of the previous plan, while strengthening and advancing business structure reform to enhance competitiveness and corporate governance reform and enhancement in light of the issues identified to date.」

「Against this backdrop, under the 3-year medium-term business plan, for which the current fiscal year is the final year, the Group is advancing “growth strategy initiatives,” centered on accelerating global business expansion, and “business structure reform” in existing areas to secure profits.」

「To achieve this, the Company established 5 key functions: “expanding the business based on securing customer satisfaction and trust through technology and quality, price, and delivery,” “expanding the business based on business structure transformation grounded in core competencies and profitability,” “strengthening the corporate foundation through improved asset efficiency, financial stability, and appropriate capital investment,” “strengthening corporate governance,” and “securing and developing effective human resources and enhancing personnel systems.” It formulated a medium-term management plan comprising specific company-wide and business strategies and is actively advancing initiatives to achieve it.」

「Against this business backdrop, under the 3-year medium-term business plan, for which the current fiscal year is the final year, the Group is advancing “growth strategy initiatives,” centered on accelerating global business expansion, and “business structure reform” in existing areas to secure profits.」

「Against this business backdrop, under the 3-year medium-term business plan launched in the previous fiscal year, the Group is advancing “growth strategy initiatives,” centered on accelerating global business expansion, and “business structure reform” in existing areas to secure profits.」

「Against this business backdrop, under the 3-year medium-term business plan launched in the previous fiscal year, the Group is advancing “growth strategy initiatives,” centered on accelerating global business expansion, and “business structure reform” in existing areas to secure profits.」

「Against this business backdrop, under the 3-year medium-term business plan launched in the previous fiscal year, the Group is advancing “growth strategy initiatives,” centered on accelerating global business expansion, and “business structure reform” in existing areas to secure profits.」

「Under 《KYOSAN New Vision-100》, the Group formulated a 3-year medium-term business plan beginning in fiscal 2015, with its 100th anniversary in 2017 in view, and is pursuing company-wide and business strategies based on the following 4 priority basic policies.」