Worth reading
35Immaterial
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Improvement
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateInvestment amount by sectorField Capacity expansion in the titanium aluminide blade processing business / Amount Approximately ¥2.4 billion / Timing In progress, Field Mass-production plant and casting equipment for the new-material titanium aluminide blade business / Amount Approximately ¥2.6 billion / Timing In progress
Key initiatives
01Expand revenue from titanium aluminide blade processing
02Achieve further profit growth by bringing the new-material titanium aluminide blade business into mass production
03Expand new mass-production businesses, including Aircraft Engine A and B projects
04Pursue further growth by entering the MRO business
05Production Automation
06Insourcing
07Manufacturing DX
08TPS (Toyota Production System)
09Cost-reduction activities
Plan assumptionsItem Average annual growth rate in passenger demand / Assumptions +3.9% from 2025 to 2045 according to Airbus forecasts and +4.0% according to Boeing forecasts, Item Demand for new aircraft / Assumptions From 2026 to 2045, 42,060 aircraft according to Airbus and 43,625 aircraft according to Boeing, Item LEAP-powered aircraft backlog / Assumptions 13,804 aircraft as of the end of June 2026, representing 77% of the total backlog
Non-financial targetsIndicator Market share of LEAP titanium aluminide blades / Target value High-40% range / Timing From January 2028, Indicator Supply contract for LEAP titanium aluminide blades / Target value In principle, secure a supply share of at least 40% / Timing Through 2034
Size of the Target MarketPassenger demand is expected to grow at an annual rate of 3.9% to 4.0% from 2025 through 2045, more than doubling over the 20-year period. Demand for new aircraft from 2026 to 2045 is expected to total 42,060 aircraft according to Airbus and 43,625 aircraft according to Boeing. The number of aircraft in service in 2045 is expected to be 45,550 according to Airbus and 50,095 according to Boeing. Sources: Airbus, Global Market Forecast 2026-2045; Boeing, Commercial Market Outlook 2026-2045; materials from the Japan Aircraft Development Corporation and other sources.
Risks identified by the company
The supply of titanium aluminide blade materials depends on a single supplier, creating a risk to material supplies
If LEAP engine production is temporarily suspended, SAFRAN may request a temporary suspension of the production line, with no economic compensation
Contracts may be terminated or market share may decline due to contract breaches or bankruptcy, a controlling shareholder becoming a competitor, changes to the entity responsible for the LEAP engine business, offset transactions, or the emergence of competitors
Responding to a sharp increase in production while maintaining productivity
Maintaining profitability amid inflation
Establishing productivity through improved yield and cost reductions in the new-material business
Costs precede revenue in the new-material business because production volumes are initially low
| Item | Details |
|---|---|
| Plan name | Presentation Materials on Business Plans and Growth Potential |
| Progress against the plan | Annual update |
| Investment amount by sector | Field Capacity expansion in the titanium aluminide blade processing business / Amount Approximately ¥2.4 billion / Timing In progress, Field Mass-production plant and casting equipment for the new-material titanium aluminide blade business / Amount Approximately ¥2.6 billion / Timing In progress |
| Non-financial targets | Indicator Market share of LEAP titanium aluminide blades / Target value High-40% range / Timing From January 2028, Indicator Supply contract for LEAP titanium aluminide blades / Target value In principle, secure a supply share of at least 40% / Timing Through 2034 |
| Plan assumptions | Item Average annual growth rate in passenger demand / Assumptions +3.9% from 2025 to 2045 according to Airbus forecasts and +4.0% according to Boeing forecasts, Item Demand for new aircraft / Assumptions From 2026 to 2045, 42,060 aircraft according to Airbus and 43,625 aircraft according to Boeing, Item LEAP-powered aircraft backlog / Assumptions 13,804 aircraft as of the end of June 2026, representing 77% of the total backlog |
| Key initiatives | Expand revenue from titanium aluminide blade processing, Achieve further profit growth by bringing the new-material titanium aluminide blade business into mass production, Expand new mass-production businesses, including Aircraft Engine A and B projects, Pursue further growth by entering the MRO business, Production Automation, Insourcing, Manufacturing DX, TPS (Toyota Production System), Cost-reduction activities |
| Size of the Target Market | Passenger demand is expected to grow at an annual rate of 3.9% to 4.0% from 2025 through 2045, more than doubling over the 20-year period. Demand for new aircraft from 2026 to 2045 is expected to total 42,060 aircraft according to Airbus and 43,625 aircraft according to Boeing. The number of aircraft in service in 2045 is expected to be 45,550 according to Airbus and 50,095 according to Boeing. Sources: Airbus, Global Market Forecast 2026-2045; Boeing, Commercial Market Outlook 2026-2045; materials from the Japan Aircraft Development Corporation and other sources. |
| Risks identified | The supply of titanium aluminide blade materials depends on a single supplier, creating a risk to material supplies, If LEAP engine production is temporarily suspended, SAFRAN may request a temporary suspension of the production line, with no economic compensation, Contracts may be terminated or market share may decline due to contract breaches or bankruptcy, a controlling shareholder becoming a competitor, changes to the entity responsible for the LEAP engine business, offset transactions, or the emergence of competitors, Responding to a sharp increase in production while maintaining productivity, Maintaining profitability amid inflation, Establishing productivity through improved yield and cost reductions in the new-material business, Costs precede revenue in the new-material business because production volumes are initially low |
| Publication date | 7 September 2026 |
Items this document does not state (16)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planSegment targetResults under the previous planReason for revision or withdrawalDate of board resolution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To expand revenue from titanium aluminide blade processing amid growing aircraft demand and increase profits by achieving mass production of new materials. In addition, amid a shortage of aircraft component suppliers, the company aims to expand new mass-production projects by leveraging its track record of supplying engine OEMs.
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