2016 Basic Management Plan (16CSP) and One Olympus

「This management strategy will change from the medium-term management plan announced in April 2016, the 2016 Basic Management Plan (16CSP), and sets out the direction the company aims to pursue over the long term.」

「Amid this business environment, the group announced Transform Olympus in January 2019, a corporate transformation plan aimed at becoming a true global medical technology company, and in November 2019 announced a medium- to long-term management strategy based on Transform Olympus. This management strategy will change from the medium-term management plan announced in April 2016, the 2016 Basic Management Plan (16CSP), and sets out the direction the company aims to pursue over the long term. Going forward, we will advance initiatives for sustainable growth based on this management strategy.」

「In addition to operating its businesses based on the fundamental concepts of the five-year medium-term management plan beginning in the fiscal year ending March 2017, the 2016 Basic Management Plan (16CSP), namely the “Business to Specialist” Company and One Olympus, the group announced Transform Olympus in January 2019, a corporate transformation plan aimed at becoming a true global medical technology company, and is advancing initiatives for sustainable growth.」

「ROE for the consolidated fiscal year was 1.8%, a deterioration of 11.8 percentage points year on year; the operating margin was 3.6%, a deterioration of 6.7 percentage points; EBITDA growth was △35.1%, turning negative from positive growth in the previous fiscal year; and the equity ratio, or the ratio of equity attributable to owners of the parent, was 47.3%, an improvement of 2.1 percentage points. The equity ratio improved due to the repayment of borrowings, while the other indicators deteriorated as profitability declined because of the recognition of one-time expenses.」

「As a result, the ratio of equity attributable to owners of the parent declined from 45.2% at the end of the previous consolidated fiscal year to 42.8%.」

「ROE for the consolidated fiscal year was 13.6%, an improvement of 2.3 percentage points year on year; the operating margin was 10.3%, an improvement of 0.7 percentage points; EBITDA growth was 8.0%, turning positive from negative growth in the previous fiscal year; and the equity ratio, or the ratio of equity attributable to owners of the parent, was 45.2%, an improvement of 4.1 percentage points. All indicators improved.」

「The 2016 Basic Management Plan, announced on 30 March 2016 and referred to below as “16CSP,” sets out the goals of establishing a foundation and building an aggressive business portfolio for sustainable development in the future, thereby increasing corporate value.」

「The 2016 Basic Management Plan, announced on 30 March 2016 and referred to below as “16CSP,” sets out the goals of establishing a foundation and building an aggressive business portfolio for sustainable development in the future, thereby increasing corporate value.」

「The 2016 Basic Management Plan, announced on 30 March 2016 and referred to below as “16CSP,” sets out the goals of establishing a foundation and building an aggressive business portfolio for sustainable development in the future, thereby increasing corporate value.」

「Under the 2016 Basic Management Plan (16CSP), the medium-term management plan formulated in March 2016, we decided to monitor the results of strategy execution using the following 4 management targets and established target levels for each: ① Return on equity (ROE): 15% ② Operating margin: 15% ③ EBITDA: double-digit average growth over the period ④ Equity ratio: 50%」

「Based on these principles, under the 2016 Basic Management Plan (16CSP), the five-year medium-term management plan beginning in April 2016, we adopted the “Business to Specialist” Company and One Olympus as our fundamental concepts. Through sustained growth, we will meet the expectations of all stakeholders to a high standard, act as a responsible corporate citizen, and contribute to society by helping realize health, security and peace of mind, and spiritual well-being for people around the world. Under this medium-term management plan, we established the following 6 priority strategies: ・Proactive initiatives for business growth ・Timely securing and maximum utilization of the management resources required ・Preparation for the future to enable sustainable growth ・Pursuit of greater business efficiency ・Strengthening the structure to deepen global group-wide management ・Strengthening quality and product regulatory compliance, internal controls and thorough compliance」

「Based on these principles, under the 2016 Basic Management Plan (16CSP), the five-year medium-term management plan beginning in April 2016, we adopted the “Business to Specialist” Company and One Olympus as our fundamental concepts. Through sustained growth, we will meet the expectations of all stakeholders to a high standard, act as a responsible corporate citizen, and contribute to society by helping realize health, security and peace of mind, and spiritual well-being for people around the world.」

「Under the 2016 Basic Management Plan (16CSP), the five-year medium-term management plan beginning in April 2016, we adopted the “Business to Specialist” Company and One Olympus as our fundamental concepts. Through sustained growth, we will meet the expectations of all stakeholders to a high standard, act as a responsible corporate citizen, and contribute to society by helping realize health, security and peace of mind, and spiritual well-being for people around the world.」

「We newly formulated the five-year medium-term management plan beginning in the fiscal year ending March 2017, the 2016 Basic Management Plan (16CSP). Based on the fundamental concepts of the “Business to Specialist” Company and One Olympus, we will steadily advance efforts to establish a foundation for sustainable development and build an aggressive business portfolio.」