President’s Message

Akira Kishimoto
President

We have launched our new five-year Medium-Term Business Plan, EGP2028, which spans fiscal years 2024 to 2028. Through the execution of this plan, our goal is to increase corporate value and improve our Price-to-Book Ratio (PBR).

Since the creation of our previous Medium-Term Business Plan, EGP2026, the business environment around us has changed dramatically. We have faced challenges such as supply chain disruptions from the COVID-19 pandemic, sharp shifts in supply and demand following the resumption of economic activities, and rising raw material and energy costs driven by global events in Russia, Ukraine, and the Middle East. While we have implemented structural reforms, particularly in our display and composites businesses, to enhance profitability, we recognize the need for a new growth strategy that reflects the current landscape in order to restore performance, achieve sustainable growth, and boost corporate value.

In our new growth strategy, EGP2028, we have adopted the slogan "STRONG GROWTH." Our basic policy focuses on achieving sustainable growth and enhancing corporate value by strengthening the profitability of our existing businesses while proactively investing in growth areas. The plan is built around three key strategies: Business Strategy, Financial Strategy, and Sustainability Strategy. Our management targets for the final fiscal year, 2028, include achieving 400 billion yen in sales, 50 billion yen in operating profit, an operating profit margin of 12.5%, and a Return on Equity (ROE) of 8%.

Under our business strategy, we have identified eight markets where we can leverage our strengths: Automotive, Energy, Medical care, Semiconductor, Displays, ICT, Social Infrastructure, and Home Appliances and Housing Equipment. We aim to reinforce our profit base by boosting competitiveness in these sectors. In addition, we have designated four strategic growth areas—Energy, Environment, Medical care, and Food—where we will focus on research and development, explore new business opportunities, and foster growth.

By consistently and strategically implementing EGP2028, we will demonstrate the strong growth potential of our company. We sincerely appreciate the continued support of all our stakeholders.