Growth and Enhancement of Corporate Value in the Electrification Era through YSP2026
First written in FY2024. 4 of 5 entries say "Advanced", first in FY2025. Latest entry: FY2026.
30 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「For each initiative, the company will clearly define the specific implementation timing, applicable projects and applicable products, and will thoroughly continue and establish these initiatives so that specific results, including mass-production implementation, quality improvements, cost reductions and shorter delivery times, contribute to earnings, recover the costs including the labor and investment incurred, and lead into the next medium-term management plan.」
As a supplement to the final year of YSP2026, the company clarified the implementation timing, applicable projects and applicable products for its initiatives, and indicated that it had reached the stage of monetizing mass-production implementation, quality improvements, cost reductions and shorter delivery times to recover the associated costs. - FY2025AdvancedAnnual report
「Although the company advanced initiatives in line with this policy in the first year, structural changes in the automotive industry accelerated more rapidly than expected, placing pressure on management and creating new business threats, including the rise of Chinese manufacturers in global markets.」
After reviewing the execution of the first year of YSP2026 in light of structural changes in the automotive industry, the rise of Chinese manufacturers, new-vehicle launches, quality issues and cyberattacks, the company moved to the stage of supplementing the plan for its second year. - FY2024First statedAnnual report
「The company formulated its new medium-term management plan, “Yorozu Sustainability Plan 2026 (YSP2026),” covering fiscal 2024 through fiscal 2026.」
The company formulated YSP2026, covering fiscal 2024 through fiscal 2026, and aims to become a company that supports the era of electrification and is “chosen” by all stakeholders. Its targets for fiscal 2026 are consolidated revenue of ¥210.0 billion, a consolidated operating margin of 4.5% and ROE of 8.0%.