Mid-Term Management Plan for FY2022-FY2024 "Evolving Growth Plan"
Basic Concept
Accelerate business scale expansion and achieve higher profitability by further implementing the "Evolving in 70th Year," the basic vision of the previous mid-term management plan, "Triangle Plan 2022"
1. The concept of Growth Vision, "Evolving in the 70th Year," remains unchanged
Accelerate business expansion and achieve even higher profitability based on our unique technologies and human networks which have been developed since the company's founding
2. Strengthen and develop YOKOGUSHI strategy
Provide higher-added value to our customers by developing our YOKOGUSHI strategy further not only into product development, but also into business development and data utilization
3. Approaches for higher profitability
Company-wide efforts to build the barriers to entry, improve profitability, and strengthen business support
4. Achieve 3 Growths of value for customers, employees & human resources, and sales & profit
Achieve well-balanced growth to expand business scale
5. Commitment to the SDGs
Engage materiality (important social issues) from two perspectives: business activities and ESG activities
We will achieve sales of 170 billion yen, operating profit of 24 billion yen in FY2024
Growth vision of "Evolving in the 70th Year" remains unchanged
Expand business scale and achieve higher profitability
Strengthen and develop YOKOGUSHI Strategy
Improve and strengthen for higher profitability
Consolidated Target
170 billion yen in sales, 24 billion yen in operating profit, and 14.1% in operating profit margin
ROE of 10% or higher
| FY 2021 Result |
FY 2022 Plan |
FY 2024 Target |
||
|---|---|---|---|---|
| PL Items | Net Sales | 138.4 billion yen | 152.5 billion yen | 170 billion yen |
| Operating profit (Operating profit margin) | 14.1 billion yen (10.2%) |
19.5 billion yen (12.8%) |
24 billion yen (14.1%) |
|
| Ordinary profit (Ordinary profit margin) | 16.3 billion yen (11.8%) |
18.8 billion yen (12.3%) |
24 billion yen (14.1%) |
|
| Net profit attributable to owners of the parent | 12.3 billion yen | 13.7 billion yen | 17.5 billion yen | |
| Exchange rate assumption | 1$ = 113 yen | 1$ = 115 yen | 1$ = 115 yen |
Transition and Target
Net Sales/Operating Profit Transition
Target by Segment
| FY 2021 Result |
FY 2022 Plan |
FY 2024 Target |
|||
|---|---|---|---|---|---|
| Scientific and Metrology Instruments | PL Item | Net sales | 85.1 | 90.2 | 99.2 |
| Operating profit※ (Operating profit margin) |
4.8 (5.7%) |
5.6 (6.2%) |
9.1 (9.2%) |
||
| Industrial Equipment | PL Item | Net sales | 34.0 | 44.2 | 51.5 |
| Operating profit※ (Operating profit margin) |
13.1 (38.5%) |
18.0 (40.7%) |
21.3 (41.3%) |
||
| Medical Equipment | PL Item | Net sales | 19.3 | 18.1 | 19.3 |
| Operating profit※ (Operating profit margin) |
11 (5.7%) |
12 (6.6%) |
18 (9.5%) |
※Before allocation of corporate expenses
| Corporate Expenses | 4.9 | 5.3 | 5.7 |
|---|
※Separate strategy expense of 2.5 billion yen is expected in FY2024
Overview of "Evolving Growth Plan"
Scientific and Metrology Instruments
- Provide highly competitive solutions based on YOKOGUSHI strategy for growing markets
(semiconductor, drug discovery, battery, etc.) - Increase added value to customers through integrated operation of sales and service
Industrial Equipment
- Expand business by meeting market demands for mask lithography systems and spot beam lithography systems, which continue to grow along with the growth of the semiconductor industry
- Continue to provide competitive solutions in cooperation with IMS, our business partner
Medical Equipment
- Continue to expand business by focusing on overseas market development
- Improve cost ratio by implementing IoT system and through cost reduction activities
Roundtable Discussion with Outside Directors
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IR Library
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Other IR Information