The Group launched its new medium-term management plan, Dominate 1000—Sustainable Growth and Fostering Competitiveness—, in FY2022 with the goal of achieving ¥100 billion in consolidated net sales in FY2024. However, taking into account the evolving business landscape and performance trends, we reevaluated the plan in FY2023 and extended it by two years.
We will implement new strategies and measures in addition to the initially planned key strategies. And as we look ahead to the society we envision in 2030, we are committed to providing a safe work environment that fosters job satisfaction and supporting technologies that are cutting-edge on a global stage with our superior, original products. By building on a stable management foundation, we aim to grow into an innovative, development-driven company that contributes to a sustainable society.
1. Medium-Term Management Plan
Key Strategies (established in 2022)
1. Promote expansion of the fine chemicals business
- Capacity expansion to address market growth (semiconductor gases and battery materials)
- Bringing fluoro-chemicals demanded by customers (cutting-edge, low GWP* products) to market
- Organic collaboration with overseas sites
- Strengthening development capabilities for gas and battery material products
- Establishing an integrated production system within the Group, from raw materials to finished products
GWP: Global Warming Potential. An index that uses carbon dioxide as a benchmark to compare how different greenhouse gases trap heat in the atmosphere
2. Raise the level of the production technology
- Improving productivity by promoting DX (digital transformation)
- Improving quality assurance capability
3. Enhance human resource development
- Implementing human resource development and strategic education programs
- Pursuing employee well-being (including a sense of job satisfaction)
- Promoting gender and other diversity
4. Increase social value
- Promoting activities for sustainability
- Shrinking energy-intensive products and strengthening initiatives toward decarbonization
- Promoting recycling
New Strategies and Measures (2023 revision)
1. Business Strategy
- Fluoro-chemicals
Improving development capabilities / Building a stable supply structure - Battery Materials
Capturing rapid market growth / Building a business structure that is resilient to raw material prices - Ferrochemicals
Concentration and conversion of management resources - Fundamental Chemicals
Strengthening function for supplying raw materials to Fine Chemicals - R&D
Promoting customer-oriented R&D / Strengthening the connection between the R&D and Manufacturing functions
2. Increasing Capital Efficiency
- Add ROIC to the management indicators
- Reduce cross-shareholdings
3. Strengthening Governance
- Revise the officer remuneration system
4. Human Capital Strategy
- Human resource development
- Promotion of diversity and pursuit of employee well-being
5. Organizational Strategy
- Strengthen IR
- Promote DX
- Strengthen the legal and export trade management structure