New Medium-Term Management Plan 2025 – Accelerate Transformation to Realize Our Vision –
- 2023/05/18 IR News
Sanyo Chemical Industries, Ltd. (“Sanyo Chemical”) announced that at its Board of Directors meeting held on May 12, 2023, the Board of Directors made a resolution of the “New Medium- Term Management Plan 2025” for the further sustainable growth of the Group.
Sanyo Chemical Group implemented the “WakuWaku* Explosion 2030” management policy in March 2022 as a compass for our vision in 2030, and we have initiated activities toward becoming “WakuWaku Company” with the three pillars of “Contribution to carbon neutrality”, “Improvement of QOL (Quality of Life),” and “Improvement of job satisfaction” so that we can contribute to create sustainable societies. On the other hand, in FY2022 (the first year of the management policy), several negative factors of external environment had significant impacts on our business operations, and the company’s performance fell short of its initial plan, resulting in a deviation from the milestone of achieving the target of “20 billion yen in operating profit in FY2024” set forth in the management policy. In addition, we recognize that the “Transformation Toward the Vision,” which was initiated in accordance with the management policy, has been slower than expected. In light of these circumstances, in order to improve profitability by 2025 and realize the vision envisioned in our management policy, we have formulated the New Medium-term Management Plan, a three-year plan in which we describes a roadmap and specific initiatives, Sanyo Chemical group as one team will pay efforts to enhance our values through entire supply chain and accelerate the creation of new values through innovation through the power of chemistry beyond the boundaries of chemistry.
* “WakuWaku” is the Japanese word which express positive, bright, uplifting feeling inspired by inner motivations and/or own wills.