Medium-Term Management Plan “CS2020”: 4 Strategies for “Transformation and Evolution”
First written in FY2017. 1 of 4 entries say "Reframed", first in FY2020. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023Giving concrete form to selection and concentrationAnnual report
「The Company has been pursuing the selection and concentration of management resources and, as part of this effort, decided to transfer its shares in its subsidiary Takemoto Co., Ltd.」
Following the decision to transfer the shares of subsidiary 竹本株式会社, the Group implemented selection and concentration through a specific portfolio review. - FY2020ReframedAnnual report
「The group formulated the three-year medium-term management plan Re-SEIKA 2023, beginning in April 2020, under the slogan "Transformation and Challenge. Becoming a Strong, Valuable Company,"」
The plan’s name and basic policy were changed from CS2020’s “Transformation and Evolution” to Re-SEIKA 2023’s “Transformation and Challenge. Becoming a Strong and Valuable Company.” - FY2019Explicit focus on selection and concentrationAnnual report
「To achieve the long-term management vision, “The Seika Sangyo Group in 10 Years,” which serves as the Group’s growth strategy, we will scrutinize each business from the perspective of “selection and concentration” under the banner of “Transformation and Evolution,” seek to optimize the allocation of management resources, and establish a stable earnings base.」
While continuing the four CS2020 strategies, the Group explicitly stated its policy of “selection and concentration,” selecting businesses and optimally allocating management resources. - FY2017First statedAnnual report
「From April 2017, the Group formulated the three-year Medium-Term Management Plan “CS2020” and, under the basic policy of “Transformation and Evolution,” is steadily implementing the following overall strategies to promote the Group’s development and improve its performance: 1) Building new business models; 2) Advancing existing businesses; 3) Accelerating group management and global strategies; and 4) Developing human resources and enhancing the workplace environment.」
The three-year plan set out four strategic areas: new businesses, existing businesses, group and global operations, and human resources and the workplace environment.