Strengthening Existing Businesses and Pursuing White Space Through Three Growth Horizons
First written in FY2019. 9 of 11 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026AdvancedAnnual report
「Strategic platform businesses (growth areas × high added value × scalability); pharmaceutical sales business (succession of Sumitomo Pharma’s Asia business, Phillips Healthcare in Africa); footwear brand business (Jacobson Group in the United Kingdom); ice cream manufacturing business (Bubbies in the United States); beauty and health business (エトヴォス in Japan)」
For GC2027’s strategic platform businesses, specific investments in pharmaceuticals, footwear, frozen desserts, and beauty and health were reported as results for the fiscal year. - FY2026-H1AdvancedAnnual report
「Strategic platform businesses (growth areas × high added value × scalability); pharmaceutical sales business (succession of Sumitomo Pharma’s Asia business, Phillips Healthcare in Africa); ice cream manufacturing business (Bubbies in the United States); automotive extended warranty business (LGM in Canada); electronic components-related business (オーエスエレクトロニクス in Japan)」
Under the strategic platform businesses set out in GC2027, specific investments were executed in pharmaceuticals, ice cream, automotive extended warranties and electronic components. - FY2025ReframedAnnual report
「○ Focus on strategic platform businesses with growth areas × high added value × scalability」
GC2027 positioned the search for growth areas under the three growth horizons as a focus on strategic platform businesses with growth areas, high added value and scalability. - FY2025-H1AdvancedAnnual report
「Expenditures during the interim consolidated accounting period on new investments, CAPEX (capital expenditures) and other items (*2) totaled ¥484.6 billion.」
For GC2024 growth investments, ¥484.6 billion was spent during the interim consolidated accounting period. Investments were made in existing business areas and new growth areas, including R.G. Barry, AIG Asia Ingredients, Donlen, Mizuho Leasing, Aircastle, renewable energy and the expansion of a copper mine in Chile. - FY2024AdvancedAnnual report
「Growth investment under the medium-term management strategy “GC2024,” including new investments and CAPEX, has progressed smoothly to date and is expected to total approximately ¥1.3 trillion, compared with the cumulative three-year plan of ¥1 trillion.」
GC2024 continued the three growth horizons, and the cumulative three-year growth investment was expected to reach approximately ¥1.3 trillion, exceeding the initial plan of ¥1 trillion. - FY2023AdvancedAnnual report
「In addition to the ¥1 trillion in cumulative three-year growth investment planned under the medium-term management strategy “GC2024,” including new investments and CAPEX, we will use free cash flow, including funds recovered from the Gavilon grain business, to make the growth investments necessary to execute the strategies of each operating segment.」
GC2024 continued the three growth horizons, and the policy of using funds recovered from Gavilon in addition to ¥1 trillion in cumulative three-year growth investment was made specific. A plan was presented to allocate approximately ¥400 billion to new investments, CAPEX and other items in fiscal 2023. - FY2022-Q3AdvancedAnnual report
「The plans for new investments and CAPEX by each of the 3 horizons were as follows. Horizon 1: strengthening existing businesses; Horizon 2: pursuing strategies in existing business areas; Horizon 3: White Space, meaning growth areas not currently covered and the creation of new business models. Horizons 1 and 2: ¥800–900 billion. Horizon 3: ¥100–200 billion.」
GC2024 continued the three growth horizons and presented a plan to allocate ¥800 billion–¥900 billion to existing business areas and ¥100 billion–¥200 billion to White Space. - FY2021AdvancedAnnual report
「In addition to strengthening and improving existing businesses, including through cost reductions (Horizons 1 and 2), seeding new fields with growth potential (Horizon 3) is progressing smoothly.」
During fiscal 2019–2020, ¥269.2 billion was invested in Horizons 1 and 2 and ¥47.5 billion in Horizon 3. The three-year outlook for new investments, including fiscal 2021, was indicated at approximately ¥470 billion. - FY2020AdvancedAnnual report
「To accelerate the development of new businesses by incorporating innovative technologies and business models, we established a corporate venture capital (CVC) operation and invested in a fund under Temasek, the Singapore government-linked investment company.」
For the pursuit of White Space and next-generation business development, specific initiatives were identified, including establishing a CVC operation, investing in a fund under Temasek, and developing hospital businesses, the Asian middle class and smart cities. - FY2020-Q1AdvancedAnnual report
「We are promoting the development and establishment of new business models and platform functions in areas such as the Asian middle class, smart cities, healthcare, wellness, education, sports and entertainment, where significant market growth is expected but where the Company has not yet been able to pursue sufficient initiatives. This is being done by combining our broad range of businesses and functions with digital and innovation capabilities such as AI, blockchain and digital marketing.」
For next-generation business development related to the pursuit of White Space among the three growth horizons, the target areas and specific capabilities, including AI, blockchain and digital marketing, were identified. - FY2019First statedAnnual report
「To pursue sustainable growth and explosive growth simultaneously over different time horizons, we introduced three growth horizons: Horizon 1, strengthening existing businesses; Horizon 2, strategically pursuing existing business areas; and Horizon 3, pursuing White Space. While strengthening and expanding our existing business base, we will also pursue growth areas and new business models that we do not currently cover, referred to as White Space.」
GC2021 introduced three growth horizons as the framework for a new business strategy: strengthening existing businesses, strategically pursuing existing areas, and pursuing White Space.