Building the foundation for future growth through the medium-term management plan "Futaba Innovation Plan 2020"

「Against this backdrop, the current fiscal year is the second year of the medium-term management plan, and the Company is implementing as planned its four basic policies: ① completing structural reform, ② expanding into solution business areas, ③ strengthening corporate functions, and ④ building relationships of trust with stakeholders, while working to achieve its targets and enhance corporate value.」

「Based on the 3-year medium-term management plan, “Medium-Term Management Plan—Transforming to Sustainable Profit Generation and a Growth Trajectory—,” ending in the fiscal year ending March 2027, the Company is implementing measures including ① completing structural reform, ② expanding into solution business areas, ③ strengthening corporate functions, and ④ building relationships of trust with stakeholders, while working to achieve its targets and enhance corporate value.」

「Based on the single-year business rehabilitation plan “Re-Futaba—考動 (Determination and Commitment)—” announced in June last year, the company worked to reliably implement structural reforms while rebuilding an operating structure capable of sustainable growth and improving corporate value.」

「Under these circumstances, the company worked to reliably implement structural reforms based on the single-year business rehabilitation plan “Re-Futaba—考動 (Determination and Commitment)—,” while rebuilding an operating structure capable of sustainable growth and improving corporate value.」

「The consolidated results against the management targets for the final year were as follows, falling short of the original plan. Targets: Revenue of ¥64.0 billion; operating profit of ¥2.3 billion Actual: Revenue of ¥60.3 billion; operating loss of ¥2.4 billion Taking these results seriously, the company will postpone updating its medium-term management plan during fiscal 2023 and implement the single-year business rehabilitation plan “Re-Futaba—考動 (Determination and Commitment)—.”」

「Amid these circumstances, during the third quarter, the Group further advanced its various initiatives based on the policies set out in the Second Medium-Term Management Plan (Futaba Innovation Plan 2023), working to improve earnings through cost structure reform and promote business growth.」

「Amid these circumstances, the Group worked to improve earnings through cost structure reform and promote business growth through proactive investment, based on the Second Medium-Term Management Plan (Futaba Innovation Plan 2023).」

「Regarding the final year of the medium-term management plan, the fiscal year ending March 2023, the company recognized that achieving the plan targets had become difficult because of changes in the business environment and, as announced in the “Summary of Financial Results for the Fiscal Year Ended March 2022” dated 20 May 2022, expects consolidated revenue of ¥61.0 billion and consolidated operating profit of ¥0.2 billion.」

「Against this backdrop, during the third quarter the Group further deepened its initiatives and worked to improve profitability through cost structure reform and promote business growth based on the policies set out in its medium-term management plan, Futaba Innovation Plan 2023.」

「Based on the policies set out in the medium-term management plan, Futaba Innovation Plan 2023, the Group is further deepening its initiatives and working to improve earnings and promote business growth through structural cost reform.」

「Against this backdrop, during the first quarter the Group worked to improve profitability through cost structure reform and promote business growth based on its second medium-term management plan, Futaba Innovation Plan 2023.」

「Against this backdrop, the Group conducted its business activities and worked to improve its business structure under the medium-term management plan Futaba Innovation Plan 2023, announced in August last year, covering fiscal 2020 through fiscal 2022. However, due in part to the impact of the spread of COVID-19, net sales declined and the deficit narrowed year on year. Against the targets for the first year of the plan, fiscal 2020, of consolidated net sales of ¥46,000 million and a consolidated operating loss of ¥4,100 million, the results were consolidated net sales of ¥48,826 million and a consolidated operating loss of ¥3,517 million.」

「Against this backdrop, during the third quarter the Group decided to dissolve its subsidiary フタバ産業株式会社 after considering ways to improve management efficiency across the Group as part of “business structure improvement” under the medium-term management plan, FIP2023, in order to improve performance and develop the business. Under “investment and challenges,” the Group also actively pursued initiatives including the development of domestically produced drone products and the expansion of its lineup of in-mold measurement systems.」

「The group is pursuing the new medium-term management plan “Futaba Innovation Plan 2023,” ending in the fiscal year ending March 2023, as an “embryonic stage” to foster the growth of initiatives cultivated under the previous medium-term management plan through structural reform and active investment. “Reforming the business foundation”: restructuring the business portfolio, reorganizing the company and reforming the cost structure “Deepening and expansion”: advancing proprietary technologies, supplying highly convenient products and providing rationalization solutions “Investment and challenge”: active investment to continuously create new value Recognizing improved business profitability as a key issue, the group is working under “Futaba Innovation Plan 2023” to achieve consolidated revenue of ¥64.0 billion and consolidated operating profit of ¥2.3 billion, representing a 4% consolidated operating margin, in fiscal 2022, the final year of the plan.」

「The group will pursue the new medium-term management plan “Futaba Innovation Plan 2023,” which ends in the fiscal year ending March 2023.」

「Against this backdrop, based on its medium-term management plan for fiscal 2017 through fiscal 2019, the Group worked to strengthen its management foundation and improve profitability from a medium- to long-term perspective, but performance weakened as a result of the deteriorating market.」

「Against this backdrop, based on its medium-term management plan for fiscal 2017 through fiscal 2019, the Group worked to strengthen its management foundation and improve profitability from a medium- to long-term perspective, but performance weakened as a result of the deteriorating market.」

「Although achieving the numerical targets for the final year of the medium-term management plan is expected to be difficult amid an uncertain business environment surrounding the group, the company has positioned this period as one for building the structure needed for the next stage of growth and thoroughly improving profitability across all businesses.」

「Amid expectations of an uncertain business environment surrounding the group, the group is working to achieve its targets for the final year of the medium-term management plan, fiscal 2019: revenue of ¥74.0 billion, operating profit of ¥2.8 billion and an operating margin of 4%.」

「In May 2017, the company announced the medium-term management plan “Futaba Innovation Plan 2020,” covering the 3 years from fiscal 2017 through fiscal 2019, and positioned this period as the foundation for growth in the next era. It will also substantially review its corporate organization and executive officer system and pursue these initiatives vigorously.」