Last Updated: April 10, 2015
Our management strategy centers on pursuing the goals of Grand Design 100, a medium-term management plan that we launched in April 2006. Grand Design 100 calls for achieving annual net sales of ¥1 trillion and annual operating income of ¥100 billion and thus achieving operating return on net sales of 10% by the fiscal year to March 31, 2018, which coincides with our corporate centennial. Accompanying those financial targets is the Grand Design 100 vision of evoking a distinctive global identity.
To attain the goals of Grand Design 100, we are striving to fulfill our fundamental role as a manufacturer: offer the best products at competitive prices and on time. We are also striving to earn a welcome place in the global community as a company that contributes to society by asserting world-class strengths in technologies for protecting the environment. And we are fostering a corporate culture that emphasizes rigorous adherence to high standards of corporate ethics and where customer interests are always the highest priority.
To Mark Our Corporate Centennial in 2017
Evoke a distinctive global identity in building corporate value and in building a strong market presence
Long-term Financial Targets
Net sales ： ¥1 trillion Operating income ： ¥100 billion Operating return on net sales ： 10%
Deliver the best products at competitive prices and on time.
Assert world-class strengths in technologies for protecting the environment.
Foster a customer-oriented corporate culture that honors rigorous standards of corporate ethics.
Grand Design 100 comprises four three-year phases, and we have established a theme, operational strategies, and financial targets for each phase. We completed Phase III in 2014. Our aggregate, three-year targets in Phase III were ¥1,800.0 billion for net sales, ¥150.0 billion for operating income, and 8.3% for operating profit margin. We exceeded the latter two targets with operating income of ¥165.4 billion and an operating profit margin of 9.3%, though our net sales of ¥1,786.6 billion were slightly below our target. We are tackling Phase IV with an eye to achieving annual net sales of ¥770.0 billion, annual operating income of ¥80.0 billion, and an operating profit margin of 10.4% by 2017.
■The Positioning of Phase IV in Grand Design 100