Building a Growth Trajectory through Medium-Term Management Plans

「The Group formulated the five-year medium-term management plan “ONE TAKANO ＆ Growth,” covering fiscal 2024 (the fiscal year ending March 2025) through fiscal 2028 (the fiscal year ending March 2029), and is managing its operations based on the plan.」

「There were no material changes during the interim consolidated accounting period to the Group’s management policies, management strategies or other matters.」

「There were no material changes during the interim consolidated accounting period to the Group’s management policies, management strategies or other matters.」

「The Group launched the five-year medium-term management plan “ONE TAKANO ＆ Growth,” covering fiscal 2024 (the fiscal year ending March 2025) through fiscal 2028 (the fiscal year ending March 2029). Targets for the fiscal year ending March 2029　 Revenue　　　　　¥30,000 million or more Operating profit　　　　¥3,000 million or more (operating margin　10% or more) ROE　　　　　Approximately 6.0%」

「There were no material changes to the management policies, management strategies or other matters established by the Group during the cumulative second quarter of the current consolidated fiscal year.」

「Targets for the fiscal year ending March 2024　　Consolidated revenue　　　　¥26,300 million Consolidated operating profit　　　　¥1,700 million (operating margin　6.5%) (*In the earnings forecast for the fiscal year ending March 2024 announced on 12 May 2023, the consolidated revenue and operating profit forecasts were lowered to ¥25,900 million and ¥1,250 million, respectively, due to various changes in the business environment.)」

「The Group is working to specify the priority initiative “Promoting M&A, collaboration and other activities” in order to realize the basic policy set out in the medium-term management plan “ONE TAKANO”: “Shift to high-value-added businesses through structural and process reforms and build a new growth trajectory.”」

「Against this backdrop, we began reviewing the content of the medium-term management plan in the second half of the previous fiscal year and announced the new medium-term management plan “ONE TAKANO” in May 2021, with the fiscal year ending March 2024 as its final year. While continuing operations after implementing thorough company-wide measures to prevent novel coronavirus infections, the entire Group is working to realize the plan’s basic policy, “Shift to high-value-added businesses through structural and process reforms and build a new growth trajectory.”」

「We began reviewing the content of the medium-term management plan in the second half of the previous fiscal year and announced the new medium-term management plan “ONE TAKANO” in May 2021, with the fiscal year ending March 2024 as its final year.」

「The Group formulated and pursued the medium-term management plan “Next Innovation 71” covering the fiscal years from the fiscal year ending March 2021 through the fiscal year ending March 2024. However, as the global spread of the novel coronavirus caused major changes in the business environment and significantly altered the assumptions underlying the plan, including “major changes in public sentiment and the market” and “a substantial gap between current operating results and the targets,” we reviewed the medium-term management plan and newly formulated the medium-term management plan “ONE TAKANO,” covering the fiscal years from the fiscal year ending March 2022 through the fiscal year ending March 2024.」

「The Company formulated the five-year medium-term management plan “Innovation 68” covering the fiscal years from the fiscal year ending March 2017 through the fiscal year ending March 2021 and managed its operations based on the plan. However, in light of current operating results and the progress of initiatives, we reviewed the details of the initiatives again and formulated a new management plan, “Next Innovation 71,” in November 2019, in order to achieve the management performance targets set under “Innovation 68” in the fiscal year ending March 2023.」

「The Group formulated and is pursuing the medium-term management plan “Next Innovation 71,” which covers the fiscal years from the fiscal year ending March 2021 through the fiscal year ending March 2024, with the fiscal year ending March 2024 as its final target year.」

「Under the previous medium-term management plan “Innovation 68,” a gap had emerged from the originally targeted goals due to changes in the current business environment and delays in the execution and implementation of company-wide initiatives. Based on these lessons, the current medium-term management plan focuses and specifies the initiatives to be undertaken in order to create new value and establish the Group’s next growth platform, with the aim of achieving the newly established targets.」

「Against this backdrop, we worked on various medium-term initiatives to advance structural and process reforms in pursuit of our medium-term management targets.」

「The Group formulated and pursued the medium-term management plan “Innovation 68” described above. However, in light of recent changes in the business environment, current operating results and the progress of initiatives, we decided to review the medium-term management plan again, including the details of its initiatives, in order to achieve the management performance targets set under “Innovation 68” in the fiscal year ending March 2023. We are currently working to formulate the revised medium-term management plan and expect to compile it by the end of September this year and announce it again.」

「Against this backdrop, to achieve the targets of the medium-term management plan “Innovation 68,” the Group worked to transform its business and earnings structures through the reliable execution of each initiative, with the aim of realizing the plan’s basic policy, “Advance structural and process reforms, restore our earnings power, and build the next growth trajectory,” in the current fiscal year, the third year of the plan.」

「Against this backdrop, to achieve the targets of the medium-term management plan “Innovation 68,” the Group worked to transform its business and earnings structures through the reliable execution of each initiative, with the aim of realizing the plan’s basic policy, “Advance structural and process reforms, restore our earnings power, and build the next growth trajectory,” in the current fiscal year, the third year of the plan.」

「Against this backdrop, to achieve the targets of the medium-term management plan “Innovation 68,” the Group worked to transform its business and earnings structures through the reliable execution of each initiative, with the aim of realizing the plan’s basic policy, “Advance structural and process reforms, restore our earnings power, and build the next growth trajectory,” in the current fiscal year, the third year of the plan.」

「Targets for the fiscal year ending March 2021 Consolidated revenue ¥30,000 million Consolidated operating profit ¥3,000 million (operating margin 10.0%) Consolidated ordinary profit ¥3,100 million (ordinary profit margin 10.3%) Thoroughly advance measures to improve production efficiency and reduce costs from an overall efficiency perspective, thereby enhancing competitiveness. (Annual productivity improvement of at least 10%)」

「To achieve the medium-term management plan Innovation 68, during the current fiscal year, the second year of the plan, our group worked to implement ahead of schedule and further develop in concrete terms each initiative set out in the plan, with the aim of realizing its basic policy: advance structural and process reforms, restore our earning power, and establish the next growth trajectory.」

「To achieve the medium-term management plan Innovation 68, during the current fiscal year, the second year of the plan, our group worked to implement ahead of schedule and further develop in concrete terms each initiative set out in the plan, with the aim of realizing its basic policy: advance structural and process reforms, restore our earning power, and establish the next growth trajectory.」

「To achieve the medium-term management plan Innovation 68, during the current fiscal year, the second year of the plan, our group worked to ensure the implementation and further develop in concrete terms each initiative, with the aim of realizing the plan's basic policy: advance structural and process reforms, restore our earning power, and establish the next growth trajectory.」

「Against this backdrop, our group worked to implement ahead of schedule and further develop in concrete terms each initiative set out in the medium-term management plan Innovation 68, with the aim of realizing its basic policy: advance structural and process reforms, restore our earning power, and establish the next growth trajectory.」

「Against this backdrop, our group worked to implement ahead of schedule and further develop in concrete terms each initiative set out in the plan, with the aim of realizing the basic policy of the newly formulated medium-term management plan Innovation 68: advance structural and process reforms, restore our earning power, and establish the next growth trajectory.」

「Against this backdrop, our group worked to implement ahead of schedule and further develop in concrete terms each initiative set out in the plan, with the aim of realizing the basic policy of the newly formulated medium-term management plan Innovation 68: advance structural and process reforms, restore our earning power, and establish the next growth trajectory.」

「Our group newly formulated the medium-term management plan Innovation 68 for the period from the fiscal year ending March 2017 through the fiscal year ending March 2021. Based on the implementation status of the previous medium-term management plan Grow up 63, this new medium-term management plan Innovation 68 seeks to create new value through new initiatives and build the foundation for the next phase of growth. Its basic policy is to advance structural and process reforms, restore our earning power, and establish the next growth trajectory.」