Medium-term Management Plan
Medium-Term Management Plan, "Value Up 2023"
Fiscal Year 2021 – 2024
Establishing a presence in the industry as a Solution Creator
Under the new medium-term management plan, Value Up 2023, we will further enhance our earnings structure and financial base by strengthening internal management of capital efficiency. While enhancing SCREEN Value (corporate value), which comprises the Sustainable Value (social value) and the economic value, we will continue working to sustainably generate profit, return profit to shareholders, and take other measures. In addition, in a proactive effort aimed at reaching the next level of growth, we will continue pursuing various options to achieve growth, such as resource allocation, open innovation and M&A.
*A Solution Creator refers to a company that enhances corporate value by contributing to the
development of society and providing customers around the world with technologies, products
and services that solve social issues and needs.
1. Enhance corporate value by creating innovation and a sustainable growth cycle
・Focus on strategic development investment and strengthen the business portfolio
by promoting open innovation and M&A
・Endeavor to create new businesses (Ex. life sciences, inspection & measurement,
energy, and AI)
2. Generate cash flows equivalent to profits which are earned in pursuit of
profitability and efficiency
・Enhance capital efficiency on each business by introducing ROIC indicators
・Strengthen investment in growth fields by stably generating operating cash flows
３. ESG Initiatives for Sustainable Corporation
・Formulate a medium-term plan, Sustainable Value 2023, based on Sustainable Value
(social value) policy for socially sustainable development and execute the plan
E: Reduce environmental impact through business
S: Create a great place to work and involve in solving social issues
G: Strengthen risk management and business continuity plan
* ESG stands for environmental, social and governance.
Numerical Targets of Economic Value
|1. Net sales
Achieve net sales of ¥400 billion or above in the final year
|2. Operating Income to Net Sales Ratio
Achieve 15% or above in the final year
Achieve15% or above in the final year
|4. Operating Cash Flow
Cumulative total of ¥120 billion in 4 years
5. Shareholder Returns
* The above figures are predicated on organic growth.
The aforementioned future figures are based on information currently available to the Company and on certain assumptions determined to be reasonable. Actual results may differ significantly due to various factors and the Company does not intend to guarantee the performance of these goals.