Citizen Global Plan 2018 (Medium-Term Management Plan Briefing)

Size: px
Start display at page:

Download "Citizen Global Plan 2018 (Medium-Term Management Plan Briefing)"

Transcription

1 Citizen Global Plan 2018 (Medium-Term Management Plan Briefing) Toshio Tokura, President and CEO February 13,

2 Contents Market condition and our tasks Targets of the New Medium-Term Management Plan Address the tasks To achieve the corporate growth (1) Watch and clock product business (2) Machinery product business (3) Precision component product business 2

3 Current Medium-Term Plan Mid-term Plan FY Target indicators Operating margin 8% Operating income 25 billion yen Establish steady growth business corporations through strengthening corporate structure 3

4 Operating Results Operating income (100 million yen) Operating margin (%) Operating income Target: 25 billion yen Operating margin Target: 8.0% % 8% % 5.9% 6% % 4.0% 4% % 0.5% FY07 FY08 FY09 FY10 FY11 FY12 (forecast) 0% Medium-term operating income targets not achieved 4

5 Market condition and our tasks Targets of the New Medium-Term Management Plan Address the tasks To achieve the corporate growth (1) Watch and clock product business (2) Machinery product business (3) Precision component product business 5

6 Changes in business environment and Lack of Transparency Market : Commoditization of product (low-end consumers) Change of needs from focusing on functionality toward brand value (watch and clock) Competition: Price competition with Asian manufacturers Increase growth through investment in advertising/ expanding sales channels Standardization (low price) Differentiation (brand loyalty) Business environment: Economic stagnation in leading countries/ economic growth in emerging countries Steep rise in labor costs/ raw material costs in emerging countries 6

7 Competitive environment Only solid and stable business will survive in global competition. Get ahead of the global competition = Generate profit Standardization (low price) Differentiation (brand loyalty) Value we provide, to meet the conflicting market needs 7

8 Citizen Group s tasks - Summary The following to be achieved to increase Citizen Group s profit: (1) Clarify the business portfolio (2) Strengthen the production capability (3) Enhancement of the human resources and promote efficiency in productivity (4) Strategic marketing to meet the Asian market needs 8

9 Market condition and our tasks Targets of the New Medium-Term Management Plan Address the tasks To achieve the corporate growth (1) Watch and clock product business (2) Machinery product business (3) Precision component product business 9

10 Medium-Term Management Policy Aiming to be a Solid Global Company - business group with speed and dynamics - Solid Global Company consistently provide value required in the global market 1. Focus on the business area using the strengths developed and accumulated on years of experience of watch and clock business and Aim to establish an industry leading business group with global competitiveness 2. Considering China and other emerging countries as our strategic marketplace, we accelerate growth in profit through boosting sales concurrently with promotion of streamlining 10

11 Overview of stages in New Medium-Term Management Plan To achieve FY2018 goals, we will carry out thorough structural reform for cost-effectiveness and growth investment Thorough structural reform and improvement (FY FY2015) Overcome the unresolved business tasks Enhancement of business performance with aggressive investment (FY FY2018) Achieve FY2018 goals Aim to become a solid global company so as to survive against international competition 11

12 Target Indicators of Medium-Term Management Plan Target indicators: Operating income and ROA FY2012 forecast FY2015 target FY2018 target Operating income 12 billion yen 30 billion yen 40 billion yen ROA - 5.0% 6.0% 12

13 Market condition and our tasks Targets of the New Medium-Term Management Plan Address the tasks To achieve the corporate growth (1) Watch and clock product business (2) Machinery product business (3) Precision component product business 13

14 Address the tasks (1) Clarify the business portfolio (2) Strengthen the production capability (3) Enhancement of the human resources and promote efficiency in productivity (4) Strategic marketing to meet the Asian market needs 14

15 (1) Clarify the business portfolio Watch and clock business Machine tool business Reaffirm our principle our core business to develop the group s growth To be developed as the second core business to Watch and clock business Precision component business 15 Growing business with great potential Device/Electronics product business Increase profits and Achieve stable management (1) Strengthen the business structure (2) Focus on the competitive products (3) Enhance business alliance with others

16 (2) Strengthen the production capability Breakaway from the self-manufacture Identify our strength Domestic production Overseas production Re-strengthen the capabilities of domestic development and improvement ability Cost reduction by overseas production Risk-adverse by pulling out of excess concentration of business in China 16

17 (2) Strengthen the production capability Our Aim To re-strengthen the domestic production capability(creation of added value) by concentrating and combining the skills and craftsmanship held among individual citizen group companies In Watch and clock business: Restructure the domestic primary manufacturing functions Citizen Watch Co.,Ltd. Citizen Watch manufacturing functions Citizen Heiwa Watch Co., Ltd Citizen Tohoku Co., Ltd. Citizen Micro Co., Ltd. Citizen Watch Miyota Co., Ltd. Citizen Watch Kawaguchiko Co., Ltd. Set up New company Citizen Watch Manufacturing Co., Ltd. 17

18 (3) Enhancement of the human resources and promote efficiency in productivity Improve the efficiency of administrative division Flattening of corporate structure Streamlining the overlapping services/business 18

19 (3) Enhancement of the human resources and promote efficiency in productivity Change the compensation structure to performance related/individual assessment system Cultivate human resources those to be supporting our business for medium to long term period Develop human resources those to be working in international fields 19

20 (4) Marketing strategy in Asia GDP growth by country *The figures are index numbers measured from the FY2001 figures set as 100. (Source) International Monetary Fund, World Economic Outlook Database, September 2011 (Note) Calculated based on the purchasing power parity (PPP) evaluation of GDP by country 20

21 Enhancement of the scheme of business structure and expected benefit Reduction in workforce (approx. 10% of domestic workforce) Restructure of domestic/overseas production systems Shifting production overseas Conduct a review of unprofitable business Other scheme including streamlining administrative operations Restructuring expense Approx. 20 billion yen (arrocated in FY2012) Expected benefit (cost reducing) Approx. 10 billion yen (from FY2015) 21

22 Market condition and our tasks Targets of the New Medium-Term Management Plan Address the tasks To achieve the corporate growth (1) Watch and clock product business (2) Machinery product business (3) Precision component product business 22

23 Watch and Clock Business: Basic outline From Product to Brand - Achieve to become a global company to survive against international competition Lead the Group s growth by increasing sales and profit. Execute the growth strategy focusing on the CITIZEN brand products. Implement structural reforms to improve efficiency and pursue increase of profitability Establish a continuous investment cycle to achieve business growth and improvement of efficiency 23

24 Watch and Clock Business: Forecast of Market size Transition Unit: 100 million yen Quantity Unit: Million yen World Assembled Watch Market Size in 2011 (estimated by Citizen): 2.9 trillion yen (wholesale basis) The growth trend of the watch and clock market is linked to the world economic growth and estimated to grow 3% - 7% annually mainly in Asia. In sales volume, it remains flat or declines while the average unit price has risen together with the increase in the rate of high added-value products. 24

25 Watch and Clock Business: Target Sales Operating income 300 2, [FY2018 Target] Operating income: 30 billion yen Operating margin: 15% 1, , ,400 1,325 1,268 1,374 1,394 1, , FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 (forecast) FY2015 (target) FY2018 (target) 0 25

26 Watch and Clock Business: CITIZEN brand product business [Sales plan] FY2018 Operating income: 15 billion yen [Business policy] Operating margin: 15% Strengthen the corporate brand marketing Strategic market for sales expansion : China and other markets in Asia Create business structure capable of generating high profit margins 26

27 Watch and Clock Business: CITIZEN brand product business [Main scheme] Product strategy Further improvement of Eco-Drive, the distinctive technology of Citizen Enhancement of the brand image by promoting the global model products Distribution strategy Increase the impact of brand image through direct investment on distribution system Consolidate the impact on distribution by multi-brand strategy Advertisement strategy Capture consumer attention by investment in effective advertisement Enhance the consumer interface by expanding flagship/directly-owned stores Price strategy Ensure reasonable profit margins by price controlling over international markets Improve the brand image, and growth of ASP by increasing added-value products 27

28 Watch and Clock Business: CITIZEN brand product business CITIZEN brand watch and clock Business in China [Previous tasks (In FY plan ] Improvement of product mix effect Active advertisement Improvement of the distribution structure Operating income index ASP index Advertising expenses index Sales index Quantity index Brand recognition Consolidation of the business for growth Significant increase in sales and operating income [New Medium-Term Plan FY ] Continuous effort in improvement of the corporate brand value. Expand retail stores together with strategic investment in distribution. Launch and run our growth strategy succeed in China into other Asian markets. Accelerate the growth and maximize brand presence in China and other markets in Asia 28

29 Watch and Clock Business: CITIZEN brand product business CITIZEN brand watch and clock Business in China Improvement of product mix effect Promote distinctive and high added-value products including Eco-Drive watch, Satellite Wave watch, and mechanical watch technology Enhance the corporate brand image and grow ASP by streamlining low-end products 29

30 Watch and Clock Business: CITIZEN brand product business CITIZEN brand watch and clock Business in China Active advertisement continuous investment in advertisement in major cities focusing on city center, airport, subway Conduct various promotional activities 30 30

31 Watch and Clock Business: CITIZEN brand product business CITIZEN brand watch and clock Business in China Improvement of distribution structure Improvement of the quality of the sales network by streamlining distributors PR activities on consistent corporate brand image among flagship/directly-owned stores 31

32 Watch and Clock Business: CITIZEN brand product business Forward the multi-brand strategy focusing on the CITIZEN brand Maximize the impact on the distribution channels, and maintain and expand the existing distribution territory Take a progressive approach to work on potential growing areas through M&A activities including buying out new brands Pursuing synergy effect through promoting sharing the functions of development, manufacturing and procurement within Citizen Group 32

33 Watch and Clock Business: CITIZEN brand product business [Market overview and business policy] The market trend of watch movement is shifting from mass consumption of standard movements to brand-conscious/ brand differentiation and added value products Increase profits by pursuing added value products from quantity output - Re-strengthen productivity of added value products through structural reform - Ensure appropriate profit margin by maintaining the largest share of the industry Consistent support to the basis for growth of the watch and clock business - Contribute to maintaining and improving the value of watch and clock by leading the supply of highly enhanced value products - Assure consistent investment funds for growth 33

34 Machine Tool Business Strength: Miniaturization/high-rigidity technology developed in watch and clock part business A wide range of customers based in Japan, U.S. and Europe. *Our compact size NC automatic lathes have leading share in the global market (presumably by Citizen) Our aim: To secure stable position with leading share in the automatic lathe market and continuous growth by expansion of the domain Domain 事業ドメイン Product Technology Market Bar material processor (automatic lathe), forging process machinery and peripheral equipment Solution providing ability on the assets and skills cultivated in the automatic lathe business Provision of products and services to meet polarized different needs in emerging countries and developed countries Target: 60 billion yen in FY2018 (breakeven sales volume: 30 billion yen) 34

35 Machine Tool Business Enhancement of the regional marketing (direct marketing system) network Europe CMUK China / Taiwan CME HESTIKA SIRMA CCM Tsutoku Shanghai CMK CMJ CMTW Japan / Korea MCC Asia CMA CMAS CMP North America / Latin America MCCB Expand the region-specific models and Establish solution business by adding solution service and technical service to the 5-region controlling system 35

36 Precision Component Business Strength: Integrated mass production ability for precision metal processing, cultivated in watch and clock part business (cutting, heat treatment, surface treatment) Target: Sales in FY2018 : 15 billion yen (doubled compared to sales in FY2012) <Tasks for growth> (1) Expansion of existing products and maintaining customers (2) Development of new customer (3) Development of new products and new technologies 36

37 Our goal Aim to be a Global competitive Company - business group with speed and dynamics - We reward those who address the tasks and achieve results (performance related/individual assessment compensation system) Enhance corporate brand value Achieve operating income of 40 billion yen

38 38

Continuing Dynamic Efforts to Take On New Challenges in Order to Realize Sustained Growth

Continuing Dynamic Efforts to Take On New Challenges in Order to Realize Sustained Growth Message from the President Continuing Dynamic Efforts to Take On New Challenges in Order to Realize Sustained Growth Tomiya Takamatsu President 19 DyDo Group Holdings Integrated Report 2017 Promoting Our

More information

Mid-term Management Plan (June 2018 May 2021) July 12, 2018

Mid-term Management Plan (June 2018 May 2021) July 12, 2018 Mid-term Management Plan (June 2018 May 2021) July 12, 2018 Contents 1. Review of Previous Mid-term Management Plan 1-1. Review of Previous Mid-term Management Plan and Market Environment 1-2. Results

More information

Masatoshi Kimata. President and Representative Director KUBOTA Corporation May 18, (Financial results for the year ended March 31, 2015)

Masatoshi Kimata. President and Representative Director KUBOTA Corporation May 18, (Financial results for the year ended March 31, 2015) Basic Management Policy and Priority Pi i Measures Masatoshi Kimata President and Representative Director KUBOTA Corporation May 18, 2015 Agenda. Review of last tfi fiscal year. Prospects for current fiscal

More information

2020 Mid-term Management Plan

2020 Mid-term Management Plan (2018-2020) ISEKI & CO., LTD. Eiichiro Kinoshita, President February 15, 2018 Table of Contents 1. Corporate Philosophy and Mid-term Vision 2. Positioning of the 3. Current Status and Management Issues

More information

Briefing Session Material Financial Result for Fiscal Year 2014 at End of March 31, 2015

Briefing Session Material Financial Result for Fiscal Year 2014 at End of March 31, 2015 Securities Code 5631 Briefing Session Material Financial Result for Fiscal Year 2014 at End of March 31, 2015 May 20, 2015 THE JAPAN STEEL WORKS, LTD. IKUO SATO REPRESENTATIVE DIRECTOR AND PRESIDENT 0

More information

Masatoshi Kimata Presiden esiden and Re R presen esen a t tiv tiv Dire Dir ctor ct Kubota Corporation February 22, 2016

Masatoshi Kimata Presiden esiden and Re R presen esen a t tiv tiv Dire Dir ctor ct Kubota Corporation February 22, 2016 Basic Management Policy and Priority Pi it Measures Masatoshi Kimata Presidentand Representative Director Kubota Corporation February 22, 2016 Agenda. Review of last tfi fiscal year. Prospects for current

More information

Strategic Alliance between Hokuetsu Paper Mills and Nippon Paper Industries

Strategic Alliance between Hokuetsu Paper Mills and Nippon Paper Industries Strategic Alliance between Hokuetsu Paper Mills and Nippon Paper Industries December 1, 2006 Hokuetsu Paper Mills, Ltd. Nippon Paper Industries Co., Ltd. Announcement and Background Strategic Alliance

More information

GLORY Group 2020 Medium-Term Management Plan (FY FY2020)

GLORY Group 2020 Medium-Term Management Plan (FY FY2020) GLORY Group 2020 Medium-Term Management Plan (FY2018 - FY2020) Review of Medium-Term Management Plan (FY2015 FY2017) 2017 Medium-Term Management Plan Performance Targets Net Sales : 260 billion Management

More information

Financial Results for FY2016 and Prospects for FY2017

Financial Results for FY2016 and Prospects for FY2017 Financial Results for FY2016 and Prospects for FY2017 April 26, 2017 6807 Japan Aviation Electronics Industry, Ltd. Agenda I. Financial Results for FY2016 II. Prospects and Strategy for FY2017 2 Ⅰ. Financial

More information

Notice regarding 2 nd Medium-Term Management Plan (FY2019 to FY2021)

Notice regarding 2 nd Medium-Term Management Plan (FY2019 to FY2021) March 23, 2018 FANCL Corporation TSE 1 st Section: 4921 Notice regarding 2 nd Medium-Term Management Plan (FY2019 to FY2021) Yokohama March 23, 2018 FANCL Corporation has formulated its 2 nd Medium-Term

More information

avex group growth strategy 2020

avex group growth strategy 2020 May 11, 2017 avex group growth strategy 2020 - progress and guideline target - 1. Introduction 2. FY2016 Review / Upcoming Plans 3. Growth Strategy 2020_Guideline Target Growth Strategy: Overview (excerpt

More information

EBARA Corporation E-Plan Medium-Term Management Plan

EBARA Corporation E-Plan Medium-Term Management Plan EBARA Corporation E-Plan 2016 Medium-Term Management Plan (April 1, 2014 to March 31, 2017) EBARA Corporation May 2014 Medium-Term Management Plan E-Plan 2016 1. Review of the Previous Medium-Term Management

More information

The Dentsu Group s Future Management Policies

The Dentsu Group s Future Management Policies The Dentsu Group s Future Management Policies Tatsuyoshi Takashima President & CEO Cautionary Statement This document contains forward-looking statements regarding the intent, belief or current expectations

More information

Strategies for 2010 Mid-term Business Plan

Strategies for 2010 Mid-term Business Plan Strategies for 2010 Mid-term Business Plan President & CEO Yoshihiro Maeda May 20, 2008 Copyright 2008, Toshiba Tec Corporation. INDEX Business Results for FY2007 Management Strategies for 2010 Management

More information

Tsubakimoto Chain Co. FYE 2009 Settlement of Accounts Presentation Meeting. May 20, 2009

Tsubakimoto Chain Co. FYE 2009 Settlement of Accounts Presentation Meeting. May 20, 2009 May 20, 2009 1 Report on FYE 2009 Business Performance/Forecast Report on FYE 2009 Business Performance Forecast for FYE 2010 Chairman, President and Representative Director Takashi Fukunaga 2 Report on

More information

Dentsu 2017 and Beyond -Innovation Reinvention-

Dentsu 2017 and Beyond -Innovation Reinvention- Dentsu 2017 and Beyond -Innovation Reinvention- This document contains forward-looking statements regarding the intent, belief or current expectations of the management of Dentsu Inc. with respect to the

More information

A Shimadzu Brand with a Committed Worldwide Client Base

A Shimadzu Brand with a Committed Worldwide Client Base Outline of the New Medium-Term Management Plan (2008 2010) A Shimadzu Brand with a Committed Worldwide Client Base Towards a Truly Global Business March 24, 2008 Hattori Shigehiko President and CEO 1 I.

More information

FY2017 to FY2019 Medium-Term Management Plan. March 29, 2017 Shimadzu Corporation President and CEO Teruhisa Ueda

FY2017 to FY2019 Medium-Term Management Plan. March 29, 2017 Shimadzu Corporation President and CEO Teruhisa Ueda FY2017 to FY2019 Medium-Term Management Plan March 29, 2017 Shimadzu Corporation President and CEO Teruhisa Ueda Contents I. Review of the Previous Plan p.1-4 II. Overview of the New Medium-Term Management

More information

I am Yo Honma, the Representative Director, President and CEO. Thank you for taking time out of your busy schedules to participate today.

I am Yo Honma, the Representative Director, President and CEO. Thank you for taking time out of your busy schedules to participate today. 1 I am Yo Honma, the Representative Director, President and CEO. Thank you for taking time out of your busy schedules to participate today. I will explain the overview of the financial results for the

More information

Emerging onto a Still Wider Stage

Emerging onto a Still Wider Stage Emerging onto a Still Wider Stage Medium-term Management Plan Ortus Stage 2 * Ortus: A Latin word meaning beginning and birth Agenda Ortus Stage 1: Achievements and Challenges Changes in Environment Surrounding

More information

Financial Results for 1H Fiscal Year Ending March 31, 2019

Financial Results for 1H Fiscal Year Ending March 31, 2019 Financial Results for Fiscal Year Ending March 31, 2019 October 30, 2018 NEC Corporation (https://www.nec.com/en/global/ir) 1 NEC Corporation 2018 Index Ⅰ. Financial Results for, Ⅱ. Financial Forecasts

More information

Medium-Term Management Plan 2016 President and CEO Shunsuke Betsukawa

Medium-Term Management Plan 2016 President and CEO Shunsuke Betsukawa 1 Medium-Term Management Plan 2016 President and CEO Shunsuke Betsukawa "Innovation 21" picked out the path for turning the business around by promoting structural reforms to deal with the Eurozone debt

More information

Yakult Vision 2020 Phase III Plan ( )

Yakult Vision 2020 Phase III Plan ( ) Yakult Vision 2020 Phase III Plan (2017 2020) May 12, 2017 Yakult Honsha Co., Ltd. Table of Contents Slide No. Outline of Long-term Vision P1-3 (1) Qualitative, quantitative goals P2 (2) Global business

More information

NEW MID-TERM PLAN MAZDA MOTOR CORPORATION

NEW MID-TERM PLAN MAZDA MOTOR CORPORATION NEW MID-TERM PLAN MAZDA MOTOR CORPORATION March 22, 2007 1 PRESENTATION OUTLINE Summary of Mazda Momentum Long Term Vision Mid Term Plan In Summary 2 1 Summary of Mazda Momentum 3 COMMITMENTS Target Projection

More information

Emerging onto a Still Wider Stage Consolidated Business Performance for the First Half of the FYE2018

Emerging onto a Still Wider Stage Consolidated Business Performance for the First Half of the FYE2018 Emerging onto a Still Wider Stage Consolidated Business Performance for the First Half of the FYE2018 November 6, 2017 Contents Business Performance for the First Half of the FYE2018 Overview of business

More information

Maruha Nichiro Holdings, Inc.

Maruha Nichiro Holdings, Inc. Maruha Nichiro Holdings, Inc. Double Wave! 21 Maruha Nichiro Group Medium-term Management Plan April 2008 - March 2011 Content 1.Background of of Double Wave! 21 21 2.Corporate Policy 3.Business Strategy

More information

Ricoh s Medium-Term Management Plan

Ricoh s Medium-Term Management Plan 1 Ricoh s Medium-Term Management Plan March 19, 2002 Masamitsu Sakurai President and COO Ricoh Company, Ltd. AGENDA 2 1. Review of 13th Medium-Term Management Plan 2. Business Environment Awareness 3.

More information

Operating Environment and Nisshin OilliO s Response

Operating Environment and Nisshin OilliO s Response Operating Environment and Nisshin OilliO s Response The Nisshin OilliO Group s business is founded on using optimal technologies to harness the natural power of plants. The Group s business operations

More information

Sony IR Day Home Entertainment & Sound Segment. November 25, 2014

Sony IR Day Home Entertainment & Sound Segment. November 25, 2014 November 25, 2014 Masashi Imamura Representative Director and President, Sony Visual Products Inc. Ichiro Takagi SVP, Corporate Executive / President of Video and Sound Business Group Representative Director

More information

Mid-term Management Plan for Astellas Pharma Inc.

Mid-term Management Plan for Astellas Pharma Inc. November 9, 2004 FOR IMMEDIATE RELEASE Yamanouchi Pharmaceutical Co., Ltd. Fujisawa Pharmaceutical Co., Ltd. Mid-term Management Plan for Astellas Pharma Inc. Yamanouchi Pharmaceutical Co., Ltd. (Head

More information

Towards the Next Stage 2.0. May 15, 2015

Towards the Next Stage 2.0. May 15, 2015 Towards the Next Stage 2.0 May 15, 2015 Re: Towards the Next Stage 1.0 (1) Establish the cornerstone of NTT s global business operations as a pillar of growth Expand into the global market as a challenger

More information

Business Strategy Meeting Printers Business

Business Strategy Meeting Printers Business 0/7 Business Strategy Meeting Printers Business May 31, 2018 Toru Hatano Senior Vice President of Oki Electric Industry Co., Ltd. and President, Representative Director of Oki Data Corporation. Business

More information

Revenues increased mainly in overseas Farm and Industrial Machinery business from Domestic revenues increased due to increased revenues in Farm

Revenues increased mainly in overseas Farm and Industrial Machinery business from Domestic revenues increased due to increased revenues in Farm 1 2 Revenues increased mainly in overseas Farm and Industrial Machinery business from 2016. Domestic revenues increased due to increased revenues in Farm & Industrial Machinery, which was mainly due to

More information

Highlights for the 1 st Half of FY2010

Highlights for the 1 st Half of FY2010 Highlights for the 1 st Half of FY2010 (Ended September 30, 2010) October 26, 2010 Kao Corporation Motoki Ozaki President and CEO These presentation materials are available on our website in PDF format:

More information

Medium-term Business Plan Announcement

Medium-term Business Plan Announcement Mitsubishi UFJ Financial Group, Inc. (MUFG) Medium-term Business Plan Announcement Tokyo, May 15, 2018 --- MUFG announced today its new medium-term business plan (MTBP) for the three-year period beginning

More information

Representative Director, Chairman, President & CEO KUBOTA Corporation May 19, 2014

Representative Director, Chairman, President & CEO KUBOTA Corporation May 19, 2014 Basic Management Policy and Pi Priority i Issues Yasuo Masumoto Representative Director, Chairman, President & CEO KUBOTA Corporation May 19, 2014 Agenda 1. Review of last fiscal year 2. Prospects for

More information

Disclosure of FY2015 financial results

Disclosure of FY2015 financial results 0 Disclosure of FY2015 financial results 1 2 FY2015 first half financial highlights Revenue was 542.9 billion, up 30.1 billion compared to the same period last year. Business profit was 40.2 billion, down

More information

Situation after initial year of medium-term business plan

Situation after initial year of medium-term business plan Future Outlook 21 Situation after initial year of medium-term business plan (millions of yen) 24,000 22,000 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 2012/03 2013/03 2014/03 2014/03

More information

Results Meeting for 1H of the Fiscal Year Ending March 2014

Results Meeting for 1H of the Fiscal Year Ending March 2014 Results Meeting for of the Fiscal Year Ending March 04 President and CEO Kenji Watanabe October 3, 03. Business Overview. Changes due to the External Environment 3. Progress of Business Plan 4. Performance

More information

Vision Book. Mid-Term Business Plan CHANGE & CHALLENGE ~Next Stage ACCOMPLISH

Vision Book. Mid-Term Business Plan CHANGE & CHALLENGE ~Next Stage ACCOMPLISH Mid-Term Business Plan 2020 CHANGE & CHALLENGE ~Next Stage ACCOMPLISH Table of Contents Part I 2 3 4 About IKO Corporate identity Vision Part Ⅱ 5 6 7 8 9 10 11 12 13 Review of The Previous Mid-Term Business

More information

I will explain business policy and growth strategy of AVC Networks Company.

I will explain business policy and growth strategy of AVC Networks Company. I will explain business policy and growth strategy of AVC Networks Company. I will talk about the three points which are stated on the slide. There are four core businesses in AVC Networks Company. 1:

More information

Machine Tool Business Operation

Machine Tool Business Operation Machine Tool Business Operation June 9, 2009 Akihiko Fujiwara General Manager, Machine Tool Division 1 1. Machine Tool Division Product Portfolio 2. Summary of FY2008 and Forecast for FY2009 3. Machine

More information

Results Briefing for Year Ended March 31, 2018

Results Briefing for Year Ended March 31, 2018 Results Briefing for Year Ended March 31, 2018 May 9, 2018 CASIO COMPUTER CO., LTD. Forward-looking Statements Earnings estimates and expectations that are not historical fact included in this report are

More information

New Medium-term Management Plan Breakthrough for the Next Decade

New Medium-term Management Plan Breakthrough for the Next Decade For Reference Only May 15, 2017 Company Name: Mitsubishi UFJ Lease & Finance Company Limited Representative: Tadashi Shiraishi, President & CEO Stock Code: 8593 Stock Listing: Tokyo Stock Exchange, First

More information

NIPPON PAPER GROUP Third Medium-Term Business Plan

NIPPON PAPER GROUP Third Medium-Term Business Plan NIPPON PAPER GROUP Third Medium-Term Business Plan FISCAL 2009 2011 Accelerating restructuring for GV2015 Analyst Meeting November 9, 2009 NIPPON PAPER GROUP, INC. 1 Contents 1.Business environment and

More information

Results of the 16th MTP. Overview of the 17th MTP.

Results of the 16th MTP. Overview of the 17th MTP. Results of the 16th MTP. Overview of the 17th MTP. Results of the 16th MTP. Overview of the 17th MTP. Shiro Kondo President and Chief Executive Officer 9 ANNUAL REPORT 2011 Results of the 16th MTP and

More information

Sapporo Group Long-Term Management Vision SPEED150 SAPPORO Eternal Expansion Design. November 2, 2016 Sapporo Holdings LTD.

Sapporo Group Long-Term Management Vision SPEED150 SAPPORO Eternal Expansion Design. November 2, 2016 Sapporo Holdings LTD. Sapporo Group Long-Term Management Vision SPEED150 SAPPORO Eternal Expansion Design November 2, 2016 Sapporo Holdings LTD. 1 Management Philosophy and Fundamental Management Policy Management Philosophy

More information

Air-Conditioning & Refrigeration Systems Business Operation

Air-Conditioning & Refrigeration Systems Business Operation Air-Conditioning & Refrigeration Systems Business Operation June 9, 2009 Masahiko Arihara Senior Vice President, General Manager, Air-Conditioning & Refrigeration Systems Headquarters 1 Contents 1. Product

More information

Earnings Announcement FY01/02. (for the year ended March 31, 2002)

Earnings Announcement FY01/02. (for the year ended March 31, 2002) Earnings Announcement FY01/02 (for the year ended March 31, 2002) May 16, 2002 Cautionary Statement This document contains forward-looking statements regarding the intent, belief or current expectations

More information

Dentsu Inc. Q1 FY2018 Consolidated Financial Results

Dentsu Inc. Q1 FY2018 Consolidated Financial Results May 15, 2018 Dentsu Inc. Q1 FY2018 Consolidated Financial Results (The first quarter ended March 31, 2018 reported on an IFRS basis) Note: - IFRS 15 Revenue from Contracts with Customers is applied from

More information

[Results main points]

[Results main points] 1 [Results main points] (1) In FY 2016, revenues increased but income decreased YoY Although financial results in the first half were adversely affected substantially by discontinuance of the Kuroneko

More information

Sony IR Day Mobile Communications Segment. Agenda. Hiroki Totoki. Mobile Communications Segment. November 25, 2014

Sony IR Day Mobile Communications Segment. Agenda. Hiroki Totoki. Mobile Communications Segment. November 25, 2014 November 25, 2014 Hiroki Totoki President & CEO Sony Mobile Communications Inc. Agenda 1. Business Overview 2. FY2014 Operating Performance 3. Market Trends 4. Mid-term Business Direction 23 1-1. FY2013

More information

We are refining our strengths and accelerating our medium- to long-term growth strategy.

We are refining our strengths and accelerating our medium- to long-term growth strategy. Philosophy and Strategy Message from Top Management We are refining our strengths and accelerating our medium- to long-term growth strategy. President & CEO 11 KIRIN REPORT 2018 Steady progress in structural

More information

Business Strategy of the Functional Components Company

Business Strategy of the Functional Components Company Business Strategy of the Functional Components Company May 25, 2018 Hitachi Metals, Ltd. Hiroshi Watanabe Executive Officer President of the Functional Components Company 1 Business Strategy of the Functional

More information

Midterm Management Plan

Midterm Management Plan Midterm Management Plan From FY 2014 to FY 2016 Become an Innovative Company Contributing to Growth of Global Customers 2014.3.26 Shimadzu Corporation Akira Nakamoto, President and Chief Executive Officer

More information

To Our Shareholders. JUKI CORPORATION Securities code: Business Report for the First Half of the 103rd Business Term

To Our Shareholders. JUKI CORPORATION Securities code: Business Report for the First Half of the 103rd Business Term To Our Shareholders (From January 1, 217 through June 3, 217) JUKI CORPORATION Securities code: 644 Financial Highlights Overview of Business Performance Net sales: 48.4 billion yen (down by 2.6 billion

More information

Beyond the Horizon (FY ) New Medium-Term Business Plan. - 1st Stage of Growth Strategy Toward Attaining the Corporate Vision - Masayuki Sato

Beyond the Horizon (FY ) New Medium-Term Business Plan. - 1st Stage of Growth Strategy Toward Attaining the Corporate Vision - Masayuki Sato New Medium-Term Business Plan (FY2016-20) - 1st Stage of Growth Strategy Toward Attaining the Corporate Vision - Masayuki Sato Chairman and Representative Director JGC Corporation May 12, 2016 Contents

More information

2

2 2 Under the five-year plan CS B2015, formulated in FY2011, we have aimed to achieve 750 billion yen in sales and 58 billion yen in operating profit for FY2015, the final year of the plan. Looking back

More information

Yakult Vision 2020 Phase II Plan ( )

Yakult Vision 2020 Phase II Plan ( ) Yakult Vision 2020 Phase II Plan (2014 2016) May 13, 2014 Yakult Honsha Co., Ltd. Table of Contents Outline of Long-term Vision Outline of long-term vision P2 Review of Phase I Plan (2011 2013) Company-wide

More information

Mid-term Business Plan 2019

Mid-term Business Plan 2019 Mid-term Business Plan 2019 Mechatronics Systems Business 1. Business Summary 2. Review of Mid-term Business Plan 2016 3. Mid-term Business Plan 2019 May 26, 2017 Kenichi Tamura Senior Vice President,

More information

GO BEYOND. New Business Plan Mid-term 14 (Transcript) It is my honor to have this announcement session for the Mid Term Business Plan 2014 MTBP14.

GO BEYOND. New Business Plan Mid-term 14 (Transcript) It is my honor to have this announcement session for the Mid Term Business Plan 2014 MTBP14. GO BEYOND New Business Plan Mid-term 14 (Transcript) Page 1 Good afternoon. I am Akira Nobuki, President of TOYO TIRE & RUBBER CO., LTD.. It is my honor to have this announcement session for the Mid Term

More information

Copyright NIHON KOHDEN CORPORATION All Rights Reserved

Copyright NIHON KOHDEN CORPORATION All Rights Reserved 1 Overall sales increased 3.1% over the 1 st half of FY2017 to 79 billion. Domestic sales increased 2.9% to 57.8 billion. Overseas sales increased 3.8% to 21.1 billion, a 4% growth on a local currency

More information

Omron s Structural Reform and EMC Business Reform

Omron s Structural Reform and EMC Business Reform Nomura Investment Forum 2009 Omron s Structural Reform and EMC Business Reform November 30, 2009 1 1 Results for the Second Quarter Ended September 30, 2009 (FY09/Q2) and Full-year Forecast 2 Structural

More information

OPTICS & EM TECHNOLOGIES COMPANY

OPTICS & EM TECHNOLOGIES COMPANY REVIEW OF OPERATIONS & OUTLOOK 8 Konica 2002 OPTICS & EM TECHNOLOGIES COMPANY THE OPTICS & EM TECHNOLOGIES COMPANY, WHICH SUCCEEDS THE OPTICS TECHNOLOGY COMPANY AND ELECTRONIC MATERIALS DIVISION, WILL

More information

Machine Tool Business Operation

Machine Tool Business Operation Machine Tool Business Operation June 11, 2010 Akihiko Fujiwara Senior Vice President, General Manager, Machine Tool Division 1 Contents 1. Division Overview 2. FY2009 Summary 3. 2010 Business Plan Targets

More information

Time for Action. Businesses. Basic Policies. The Konica Minolta Group, has formulated and

Time for Action. Businesses. Basic Policies. The Konica Minolta Group, has formulated and 08 Konica Minolta Holdings, Inc. Annual Report 2010 Interview With the President Time for Action MANAGEMENT POLICY The Konica Minolta Group, has formulated and enacted MANAGEMENT POLICY

More information

RICOH Presentation summary of Investors' Meeting 2010

RICOH Presentation summary of Investors' Meeting 2010 This document is prepared for reference purpose for investors. It is the summary of a presentation at the Invetors Meeting 2010. It isn t a verbatim record. P1 Agenda Since my first year as

More information

In this presentation, I would like to provide an update on the progress we have made on our mid-term management strategy, for which we are in the

In this presentation, I would like to provide an update on the progress we have made on our mid-term management strategy, for which we are in the In this presentation, I would like to provide an update on the progress we have made on our mid-term management strategy, for which we are in the final year of the targeted period. 1 Today, I will cover

More information

Fiscal 2008, ended March 31, Business Forecast

Fiscal 2008, ended March 31, Business Forecast May 30, 2007 Fiscal 2008, ended March 31, 2008 Business Forecast When included in this presentation, the words will, should, expects, intends, anticipates, estimates, and similar expressions, among others,

More information

FY2005 First Half Earnings Announcement (April 1, 2005 to September 30, 2005) November 17, 2005 Dentsu Inc.

FY2005 First Half Earnings Announcement (April 1, 2005 to September 30, 2005) November 17, 2005 Dentsu Inc. FY2005 First Half Earnings Announcement (April 1, 2005 to September 30, 2005) November 17, 2005 Dentsu Inc. Financial Summary for 1H FY2005 and Dentsu Group Management Strategies Tateo Mataki President

More information

Details about profit from operating activities and other categories of profit will be provided later in the presentation.

Details about profit from operating activities and other categories of profit will be provided later in the presentation. Our financial results for the full 2017 fiscal year are summarized here. Revenue was 1,102.1 billion, up 77.2 billion year on year. Business profit was 74.7 billion, up 8.9 billion. Profit for the period

More information

Richard E. Dauch. Co-Founder, Chairman & CEO American Axle & Manufacturing

Richard E. Dauch. Co-Founder, Chairman & CEO American Axle & Manufacturing Richard E. Dauch Co-Founder, Chairman & CEO American Axle & Manufacturing Life in the Fast Lane Global Car and Truck Production: 2005-2012 Region 2005 (M) 2012 (M) Net Change (M) % Change Japan/Korea 13.66

More information

Financial Results for FY 2018 Prepared Remarks by President and CEO Yoshio Shimo

Financial Results for FY 2018 Prepared Remarks by President and CEO Yoshio Shimo Financial Results for FY 2018 Prepared Remarks by President and CEO Yoshio Shimo (English translation from the original Japanese-language document) [Report of FY 2018 performance] Unit sales in Japan for

More information

Financial Results for the Second Quarter Fiscal Year Ending March, 2009 Investor Relations Presentation Materials ISEKI & CO.,LTD.

Financial Results for the Second Quarter Fiscal Year Ending March, 2009 Investor Relations Presentation Materials ISEKI & CO.,LTD. Financial Results for the Second Quarter Fiscal Year Ending March, 2009 Investor Relations Presentation Materials ISEKI & CO.,LTD. Seiichiro Gamo, President November 20, 2008 Index 1.Fiscal Year Ending

More information

BEYOND 300 (FY FY2020)

BEYOND 300 (FY FY2020) Mid-term Management Plan BEYOND 300 (FY2018 - FY2020) ADEKA Corporation Stock Code: 4401 1 Table of Contents 1. Review of STEP 3000-II Overview Financial Performance Management Indexes Summary 2. ADEKA

More information

Briefing Session Materials:

Briefing Session Materials: Securities Code 5631 Briefing Session Materials: Financial Results for the First Half of Fiscal 2014 Ending March 31, 2015 November 14, 2014 The Japan Steel Works, Ltd. Ikuo Sato Representative Director

More information

First Half Results and Outlook

First Half Results and Outlook SHISEIDO Co., Ltd. FY2013 First Half Results and Outlook My name is Shinzo Maeda, Chairman and President of Shiseido. I would like to begin by reviewing our business results for the first half of fiscal

More information

Business Briefing on Machine Tool

Business Briefing on Machine Tool Business Briefing on Machine Tool Yukio Kodama Head of Machine Tool June 11, 2012 1 Relationship between Machine Tool and Business Domains Segment Business domain Customers/ Markets Shipbuilding & Ocean

More information

Fiscal 2016 Business Results. May 17, 2017

Fiscal 2016 Business Results. May 17, 2017 Fiscal 2016 Business Results May 17, 2017 Overview of Operating Results 2 Consolidated Income Statements FY2015 Results FY2016 Results Changes Billion yen H1 H2 Full Year H1 H2 Full Year H1 H2 Full Year

More information

Midterm Plan 2020 Briefing. November 17, 2017

Midterm Plan 2020 Briefing. November 17, 2017 Midterm Plan 2020 Briefing November 17, 2017 1 Introduction To keep moving forward as a valuable social entity that contributes to shareholders, customers, employees, and local communities 2 To achieve

More information

RICOH. Resurgent. Ricoh Company, Ltd. Yoshinori Yamashita. Structural Reform Progress Report. October 30, President and CEO

RICOH. Resurgent. Ricoh Company, Ltd. Yoshinori Yamashita. Structural Reform Progress Report. October 30, President and CEO RICOH Resurgent Structural Reform Progress Report October 30, 2017 Yoshinori Yamashita President and CEO Ricoh Company, Ltd. 2017 Ricoh Company, Ltd. All RightsReserved Reinforcing PDCA Cycles in Pushing

More information

TOYO TIRE & RUBBER CO., LTD

TOYO TIRE & RUBBER CO., LTD 2014.6.10. TOYO TIRE & RUBBER CO., LTD Akira Nobuki, President 1. Formulation of New Mid-term Business Plan (Introduction) 2. Review of Mid-term 11 3. New Mid-term Business Plan Mid-term 14 Ⅰ)Positioning

More information

Mizuno Corporation The 100th Period (Year ended March 31, 2013)

Mizuno Corporation The 100th Period (Year ended March 31, 2013) Mizuno Corporation The 1th Period (Year ended March 31, 213) 4th Quarter Financial Report May16, 213 This report includes forecasts based on our assumptions, outlook and plans for the future as of May

More information

Strategies for Business Domain Companies and Marketing Sector based on Business Policy for FY2013

Strategies for Business Domain Companies and Marketing Sector based on Business Policy for FY2013 May 23, 2012 FOR IMMEDIATE RELEASE Investor Relations Contacts: Media Contacts: Haruhiko Sezaki (Japan) Investor Relations Atsushi Hinoki (Japan) Global Public Relations Office (Tel: +81-6-6908-1121) (Tel:

More information

Summary of Financial Results for Fiscal Year Ended March 2013

Summary of Financial Results for Fiscal Year Ended March 2013 Summary of Financial Results for Fiscal Year Ended March 213 Isetan Mitsukoshi Holdings Ltd., Consolidated Subsidiaries and Affiliated Companies (Millions of yen) FY29 FY21 FY211 FY212 Net sales 1,291,617

More information

Improving Enterprise Value

Improving Enterprise Value Improving Enterprise Value Kawasaki ROIC management April 25, 2014 Kawasaki Heavy Industries, Ltd. Improving Enterprise Value Improving Enterprise Value (EV) is beneficial for all stakeholders, enabling

More information

Presentation on Business Results for the 1st-Half of Fiscal Year Ending March 31, November 21, 2013

Presentation on Business Results for the 1st-Half of Fiscal Year Ending March 31, November 21, 2013 Presentation on Business Results for the 1st-Half of Fiscal Year Ending March 31, 2014 November 21, 2013 Performance Summary 2 1st-half consolidated results (versus original forecasts for the period) Original

More information

Consolidated Financial Results

Consolidated Financial Results Consolidated Financial Results for the Nine Months Ended September 30, 2017 Kao Corporation October 30, 2017 These presentation materials are available on our website in PDF format: http://www.kao.com/global/en/investor

More information

Message from the President

Message from the President Message from the President Under NEXT STAGE 12, our current medium-term management plan ending in fiscal 2019, we are drawing on the structural reforms we carried out in our two previous medium-term management

More information

Consolidated Financial Results

Consolidated Financial Results Consolidated Financial Results for the Nine Months Ended September 30, 2018 Kao Corporation October 24, 2018 These presentation materials are available on our website in PDF format: www.kao.com/global/en/investor

More information

Mazda Motor Corporation FY2006 1Q RESULTS AND FULL YEAR PROJECTIONS (Speech Outline)

Mazda Motor Corporation FY2006 1Q RESULTS AND FULL YEAR PROJECTIONS (Speech Outline) (For Your Information) July 28, 2006 Mazda Motor Corporation FY2006 1Q RESULTS AND FULL YEAR PROJECTIONS (Speech Outline) Representative Director, Senior Managing Executive Officer and CFO David E. Friedman

More information

Urban Infrastructure & Environmental Products (UIEP) Company

Urban Infrastructure & Environmental Products (UIEP) Company Sekisui Chemical Integrated Report 218 President s Policy Get on the track for Growth Expanding business Field with Competitive Technology and Products 1. Expand Sales of Growth Products by Concentrating

More information

Section 3: Machine Tool Operations

Section 3: Machine Tool Operations Briefing session on Air-conditioning & Refrigeration Systems, Paper & Printing Machinery and Machine Tool operations Section 3: Machine Tool Operations September 27, 2007 Ken Watabe Senior Vice President

More information

Midterm Management Plan 2014 (FY )

Midterm Management Plan 2014 (FY ) Midterm Management Plan 2014 (FY2014 2018) Moving forward to achieve the goals of Smart Vision 2010 Established July 2014 Revised May 2016 * Certain business performance targets and basic policies have

More information

Company Overview / CSR Management

Company Overview / CSR Management 日本語 English Search within CSR Web site Search Yokohama Rubber CSR Web site > Company Overview / CSR Management Company Overview / CSR Management Company Overview / CSR Management Company Overview / CSR

More information

Financial Results Meeting: FY Ended March 2013

Financial Results Meeting: FY Ended March 2013 Financial Results Meeting: FY Ended March 2013 (April 1, 2012 - March 31, 2013) May 10, 2013 Kintetsu World Express, Inc. 0 Contents Summary of Business Results for FY ended March 31, 2013, and Forecast

More information

Kyocera Corporation Business Presentation

Kyocera Corporation Business Presentation February 18, 2009 Kyocera Corporation Business Presentation MAKOTO KAWAMURA President and Representative Director Net sales Profit from operations Pre-tax income Net income EPS (diluted - yen) Capital

More information

Income before income taxes reached billion yen, up 8.6 billion yen yearon-year.

Income before income taxes reached billion yen, up 8.6 billion yen yearon-year. 1 2 [Overview of the consolidated financial results] We posted sales of 4,308.8 billion yen, up 212.8 billion yen from the previous year, equivalent to annual revenue growth of 5.2%. Operating income reached

More information

FY2018 2nd Quarter Financial Results. ended September 30, 2017

FY2018 2nd Quarter Financial Results. ended September 30, 2017 FY2018 2nd Quarter Financial Results ended September 30, 2017 Financial Results Progress with Mid-term Business Plan for Implementation 2020 1. FY2018 Financial Results 1) Financial Highlights 2) 1 st

More information

Daiwa Securities Group Medium-Term Management Plan. Passion for the Best Daiwa Securities Group Inc. has released Passion for the Best 2020, the

Daiwa Securities Group Medium-Term Management Plan. Passion for the Best Daiwa Securities Group Inc. has released Passion for the Best 2020, the Press Release April 6, 2018 Daiwa Securities Group Inc. Attention This is an unofficial translation of the press release issued on April 6, 2018, by Daiwa Securities Group Inc. The original press release

More information