NIRECO CORPORATION announced its new medium-term management plan, NIREECO-VISION100, covering the fiscal year ending March 2027 through the fiscal year ending March 2031. It raised its consolidated earnings forecast for the fiscal year ending March 2027, projecting sales of ¥13.2 billion and operating profit of ¥2.0 billion, among other figures.
NIRECO CORPORATION announced its new medium-term management plan, NIREECO-VISION100, as a five-year plan beginning in the fiscal year ending March 2027 and running through the fiscal year ending March 2031. Accordingly, it raised its consolidated earnings forecast for the fiscal year ending March 2027 to sales of ¥13.2 billion, operating profit of ¥2.0 billion, ordinary profit of ¥2.1 billion and profit attributable to owners of the parent of ¥1.5 billion.
The new plan sets targets for the fiscal year ending March 2031 of ¥17.0 billion in sales, ¥3.3 billion in operating profit and a 19.4% operating margin. The company said it is aiming for sales of approximately 1.5 times and operating profit of approximately 1.9 times the levels recorded in the fiscal year ending March 2026. It also plans to maintain a policy of ongoing shareholder returns, although specific dividend increases have not yet been determined.
The optics business is the core of the growth strategy, with targets for the fiscal year ending March 2031 of ¥6.1 billion in sales, ¥2.2 billion in segment profit and a 36.1% profit margin. The plan includes expanding production capacity and developing human resources while capturing demand in the semiconductor and advanced-technology fields, as well as expanding technological synergies within the group.