1. YUASA VISION 360 (Vision for 9 years from now (360th anniversary))
The Yuasa Trading Group established the medium-term management plan “Growing Together 2020” for the three years from April 2017 to March 2020. This plan is the first stage toward realizing “YUASA VISION 360,” with an eye on 2026 where the Group will mark the 360th anniversary of its founding.
First, as the target vision of 2026, we will aim for growth as a specialized trading company group with its profit structure top-ranked in the industry. For the numeric targets for the year ending March 31, 2026, we set ¥600.0 billion for consolidated net sales, ¥20.0 billion for consolidated ordinary income, 3.3% for ordinary income to net sales ratio, 11.7% for ROE and 33.0% for return to shareholders ratio.
2. Target vision of the new medium-term management plan
As its first stage, we established the medium-term management plan, “Growing Together 2020.”
In addition to the initiative to “Strengthen core business functions” undertaken so far, we will “Reinforce growth businesses.” For the numeric targets for the year ending March 31, 2020, we will aim for ¥500.0 billion for consolidated net sales, ¥15.0 billion for consolidated ordinary income, 2.8% for operating income to net sales ratio, 12.2% for ROE and 33.0% for return to shareholders ratio.
3. Basic policies of Growing Together 2020
We have set three basic policies for “Growing Together 2020:” (1) strengthening core business functions; (2) reinforcing growth businesses; and (3) strengthening the management foundation.
For (1) strengthening core business functions, we will strengthen the engineering and logistics functions as measures to strengthen existing functions, and also strengthen the information transmission function as a development of new functions.
For (2) reinforcing growth businesses, in addition to the reinforcement of overseas businesses, we will foster the Robots (AI) & IoT business, Eco and energy solution business, Resilience & security business and New distribution business as our growth businesses.
For (3) strengthening the management foundation, we will focus on cultivating human resources, information infrastructure, maintaining financial soundness and strengthening the internal control functions.
4. Policy for the return of profits to shareholders
For the policy for the return of profits to shareholders, we will aim for over 33% on return to shareholders ratio (consolidated basis), with the basic policy of stable distribution of dividends to our shareholders.
We sincerely appreciate your understanding.