Medium-Term Management Plan “Tokyo Kaikan vision for 2021”

「Under the new Medium-Term Management Plan (fiscal 2026–fiscal 2028), we have begun initiatives focused on strengthening the organizational foundation to enable sustainable growth over the long term and building a structure that can capture growth opportunities in a timely manner and translate them into results.」

「Against this backdrop, we formulated the “Medium-Term Management Plan (FY2026–FY2028).” The plan focuses on strengthening the organizational foundation needed to enable sustainable long-term growth, and on establishing a framework that can capture growth opportunities in a timely manner and translate them into results.」

「In particular, in the fiscal year under review, the final year of the medium-term management plan, we steadily advanced measures under the priority themes of maximising the earning power of existing assets and strengthening the management foundation as part of the plan's culmination.」

「Against this backdrop, in the second year of the medium-term management plan, we revised the target figures upward during the first half of the current fiscal year in pursuit of sustainable growth, while steadily strengthening our management foundation to maximize the earning power of existing assets through measures including the development of a work environment that emphasizes the effective use of diverse human resources.」

「In fiscal 2024, the second year of the “Medium-Term Management Plan (FY2023–FY2025),” we will continue to advance our management plan focused on “maximizing the earning power of existing assets” and “strengthening our management foundation.” Because the plan’s numerical targets were significantly exceeded in fiscal 2023, we will set new numerical targets from fiscal 2024 onward and work to achieve them.」

「Having confirmed the results of these initiatives and a reduction in the impact of the severe external conditions caused by the COVID-19 pandemic, we intend to achieve a recovery sufficient to formulate a reasonable medium-term management plan at an early stage.」

「Achieving the performance targets of the medium-term management plan ending in fiscal 2021 became extremely difficult as demand from corporate customers declined sharply amid the COVID-19 pandemic. Given the highly uncertain business environment, rather than prioritizing the formulation of a new medium-term plan, we will focus on recovering sales and restoring financial soundness through the wedding and dining businesses, where demand has declined relatively less, as well as merchandise sales leveraging the Tokyo Kaikan brand, and will work as one to prepare for fiscal 2022, our 100th anniversary year.」

「Against this economic backdrop, in conjunction with the reopening of the main building, we formulated the three-year medium-term management plan “Tokyo Kaikan vision for 2021,” with the current fiscal year as its first year, and worked to maximize our earnings power, maintain and expand sales at existing operating locations, and further improve the efficiency of our business operations.」

「As the current fiscal year marked the start of the first fiscal year following the reopening of the main building, we formulated the three-year medium-term management plan “Tokyo Kaikan vision for 2021” and worked to maximize our earnings power, maintain and expand sales at existing operating locations, and further improve the efficiency of our business operations.」

「In conjunction with the reopening of the main building, we formulated the three-year medium-term management plan “Tokyo Kaikan vision for 2021,” with the current fiscal year as its first year, and worked to maximize our earnings power, maintain and expand sales at existing operating locations, and further improve the efficiency of our business operations.」

「Against this economic backdrop, in conjunction with the reopening of the new main building, we formulated the three-year medium-term management plan “Tokyo Kaikan vision for 2021,” with fiscal 2019 as its first year, and are devoting every effort to its basic policies of maximizing our earnings power, maintaining and expanding sales at existing operating locations, and further improving the efficiency of our business operations.」

「Against this backdrop, we newly formulated the medium-term management plan “Tokyo Kaikan vision for 2021” to realize our long-term vision. Based on this plan, we will work to maximize our earnings power, maintain and expand sales at existing operating locations, and further improve the efficiency of our business operations.」