Mid-Term Management Plan "VISION 2022"

On May 25, we announced to the public our next mid-term management plan, "VISION 2022." As a milestone for realizing our goal of developing into a "Glorious Excellent Company," the plan presents what we would like to be and should be in five years, namely in FY 2022. On the day of the event, we held a press conference in the morning and an IR session in the afternoon to explain the plan.

At the IR session
At the IR session

Under VISION 2022, we strive to grow the Mobility, Energy, and Communications fields, as well as materials, products, and solutions supporting these fields. At the same time, in light of our current situation, where the sales and income of the Automotive segment account for more than half of the total, we aim to accelerate the growth of the other fields, thereby striving to achieve a well-balanced business portfolio. Of course, we will do our best to realize growth in the Automotive segment as well, and this serves as the premise of our plan to further enhance the growth of the other fields. Our ultimate targets to be achieved on a consolidated basis by FY 2022 are as follows: net sales of 3.6 trillion yen, operating income of 230 billion yen, ROIC of 9% or more, and ROE of 8% or more. For shareholder returns, we will continue to follow the policy of stable dividends as diligently as ever, and would like to increase the dividend payout ratio to approximately 40% toward FY 2022.

The market environment surrounding us is changing drastically, in line with a wide variety of changes, such as dramatic changes in the automobile industry together with the renewable energy revolution and exponential growth in data usage worldwide. Considering these changes as positive elements, we are now taking proactive steps, but there is a limit to what we can do alone. We would like to overcome difficulties by working together with all those concerned, and in this regard, we would like to continue receiving guidance and support from all of you.

At the Q&A session
At the Q&A session