New Medium-Term Management Plan for Fiscal 2021–2023

「The group achieved one year ahead of schedule the management targets it had set for the end of FY2023: revenue of ¥920,000 million, operating profit of ¥140,000 million, an operating margin of 15%, and ROE (profit attributable to owners of the parent divided by equity attributable to owners of the parent) of 12%.」

「The Group formulated the medium-term management plan "Nitto Beyond 2023," which sets out our vision for 2030: "Nitto will create the future through technology, continue to inspire and impress, and realise a sustainable environment and society as a high-performance materials manufacturer." The plan uses the first 3 years, from fiscal 2021 through fiscal 2023, as its execution period for achieving this vision.」

「In September 2021, our Group formulated a new medium-term management plan, “Nitto Beyond 2023,” setting out the company it aims to become in 2030 and designating the first three years, from fiscal 2021 to fiscal 2023, as the implementation period for achieving that vision.」

「In September of this year, the Group formulated the new medium-term management plan "Nitto Beyond 2023," which sets out the vision of where we want to be in 2030 and uses the first 3 years, from fiscal 2021 through fiscal 2023, as the execution period for achieving it. "Nitto Beyond 2023" aims to build a resilient corporate structure less susceptible to changes in the external environment. To achieve this, we will pursue "accelerating innovation," "promoting ESG management" and "strengthening management infrastructure." We have also designated "information interfaces," "next-generation mobility" and "human life" as priority areas, and will strategically allocate management resources to make them drivers of business growth. At the same time, we aim to make further advances by contributing more than ever to people's healthy lives and a sustainable global environment. As management targets for the end of fiscal 2023, we have set revenue of ¥920 billion, operating profit of ¥140 billion, an operating margin of 15% and ROE (profit for the year attributable to owners of the parent divided by equity attributable to owners of the parent) of 12%. We have also established non-financial targets, including maintaining the new-product ratio at 35% or higher, reducing total carbon dioxide emissions by 25K tons from fiscal 2020 levels and reducing emissions intensity by 20% in anticipation of a decarbonised society. Emissions intensity is an indicator of carbon dioxide emissions per ¥1 billion of revenue. We have also set a global target of 21% for the proportion of women in management positions.」

「This fiscal year, we plan to announce a new medium-term management plan covering the 3 years from fiscal 2021 through fiscal 2023, and aim for further growth under a new growth strategy.」