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Japan Exchange
02:00:00 2024-05-21 am EDT
5-day change
1st Jan Change
2,256
JPY
-0.44%
+1.76%
-14.42%
Sanyo Special Steel : Revision of the 2025 Mid-Term Management Plan
July 28, 2023 at 01:45 am EDT
Revision of
2025 Mid-Term Management Plan
July 28, 2023
Santo-kun (Our mascot)
Outline of Mid-Term Management Plan
Business Environment
(decoupled from steel supply and
demand cycle)
✓ Carbon Neutrality
✓ Intensifying human resource
constraints
Five Core Pillars
Further enhance corporate value
and global presence
Reinforce profitability of all global operations
Strengthen ESG Initiatives
Achieve carbon neutrality
by FY2050
Promote DX
© 2023 Sanyo Special Steel Co., Ltd. All Rights Reserved.
2
Financial Targets and Investment of Resources
Financial Targets
Net sales
Ordinary income
ROE
ROE (excluding goodwill amortization)
Investment of Resources
CAPEX (FY2023 - FY2025)
Number of employees
(End of FY2025)
FY2025 Target
Approx. 420 billion yen
Approx. 22 billion yen
Approx. 7%
Approx. 8%
Approx. 16 billion yen/year
Approx. 6,500
Original plan
Approx. 280 billion yen
Approx. 14 billion yen
Approx. 5%
Approx. 6%
Approx. 12 billion yen/year
Approx. 6,400
© 2023 Sanyo Special Steel Co., Ltd. All Rights Reserved.
3
Reinforce Global Business Foundation
Enhance Resource Investment
CAPEX: Approx. 16 billion yen/year (←Original plan: Approx. 12 billion yen/year)
Number of employees: Approx. 6,500 (← Original plan: Approx. 6,400)
Proactive investments with focus on carbon neutrality (including energy saving) and DX. Securing necessary human capital globally.
Reinforce Profitability
Consolidated ordinary income: 22 billion yen (← original plan: 14 billion yen)
Consolidated ROE 8% (excluding goodwill amortization) (←Original plan: 6%)
Encountering volatile demand trends and sustained cost push, we will continuously: a) amend sales price flexibly based on value-in-use, b) expand and enhance surcharge system; and c) upgrade sales mix.
Taking advantage of our progressive technology, we will firmly capture demand in the fields of "EV" "wind power generation" "high-speed railroad" and "hydrogen society".
Strengthen global business foundation and further enhance corporate value and presence
Sanyo (non-consolidated) will strengthen marketing competence responding to market segments and secure appropriate margins. OVAKO will continue reinforcing profit structure by optimizing cost and leveraging carbon neutrality advantage.
SSMI will expand presence in the growing Indian market by promoting cost improvement in procurement etc. and strengthening marketing competence through exploiting technical advantage.
Formed and fabricated materials business will further pursue profit growth by utilizing its global network.
Metal powder business will secure growth in highly profitable and advanced areas of 3D printers, semiconductor, DX and CN. Sanyo group will explore growth opportunities globally to further enhance corporate value and presence.
© 2023 Sanyo Special Steel Co., Ltd. All Rights Reserved.
4
Reflect ESG Indicators in Executive Compensation
Original
■ Consolidated ordinary income
Short-term performance incentives Medium-to-long-term performance incentives
■ ROE
Five additional
From July 2023
■ CDP score
indicators
■ Health management rating
■ Safety indicators
■ Ratio of female managers
■ Board effectiveness appraisal
by outside directors
Promote diversity
■ Further promote female managers
Ratio of female managers: 5.3% (end of FY2022) → 6.3% (end of FY2025) cf. industry average approx. 2%
■ Improve work-life balance
Usage rate of childcare leave: 80% or more for women, 50% or more for men (by FY2025 end)
■ Promote health management
Aiming "White Top 500 company*"
*Top 500 companies promoting health and productivity, certified by the Ministry of Economy, Trade and Industry
© 2023 Sanyo Special Steel Co., Ltd. All Rights Reserved.
5
Attachments
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Original Document
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Disclaimer
Sanyo Special Steel Co. Ltd. published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 28 July 2023 05:44:48 UTC .
Sanyo Special Steel's Fiscal 2023 Attributable Profit More Than Halves on Lower Net Sales
May. 02
MT
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Apr. 30
CI
Sanyo Special Steel Co., Ltd. Provides Earnings Guidance for the Six Months Ending September 30, 2024 and Fiscal Year Ending March 31, 2025 (April 1, 2024 to March 31, 2025)
Apr. 30
CI
Sanyo Special Steel Co., Ltd. Provides Dividend Guidance for Fiscal Year Ending March 31, 2025
Apr. 30
CI
Sanyo Special Steel Co., Ltd. agreed to acquire additional 15.43% stake in Mahindra Sanyo Special Steel Pvt Ltd from Mitsui & Co., Ltd..
Apr. 29
CI
Sanyo Special Steel Co., Ltd. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024
Feb. 01
CI
Sanyo Special Steel Co., Ltd. Revises Dividend Guidance for the Fiscal Year Ending March 31, 2024
Feb. 01
CI
Sanyo Special Steel Co., Ltd. Revises Consolidated Earnings Guidance for the Full-Year Ending March 31, 2024
Feb. 01
CI
Indian Equities Drags as Weak China Factory Activity Weighs Down Global Cues
23-08-31
MT
Tata Power Arm Signs Pact with Sanyo Special Steel to Set Up Captive Solar Plantb
23-08-31
MT
Sanyo Special Steel Co., Ltd. acquired Mahindra Sanyo Special Steel Pvt Ltd from Mahindra & Mahindra Limited (NSEI:M&M).
23-04-26
CI
Mahindra & Mahindra to Sell Entire Stake in Associate Sanyo Special Steel for Nearly $28 Million
22-04-17
MT
Sanyo Special Steel Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2020
20-04-30
CI
Sanyo Special Steel Co., Ltd. Revises Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Non-Consolidated Earnings Guidance for the Year and Consolidated Earnings Guidance for the Third Quarter, Fourth Quarter and Second Half of Fiscal Year Ending March 31, 2020
20-01-31
CI
Tranche Update on Sanyo Special Steel Co., Ltd.'s Equity Buyback Plan announced on June 19, 2019.
19-12-03
CI
Sanyo Special Steel Co., Ltd.'s Equity Buyback announced on June 19, 2019 has closed with 1,730,000 shares for ¥2,505.17 million.
19-12-02
CI
Tranche Update on Sanyo Special Steel Co., Ltd.'s Equity Buyback Plan announced on June 19, 2019.
19-10-11
CI
Tranche Update on Sanyo Special Steel Co., Ltd.'s Equity Buyback Plan announced on June 19, 2019.
19-07-11
CI
Sanyo Special Steel Co., Ltd. announces an Equity Buyback for 1,730,000 shares, representing 3.08% for ¥3,000 million.
19-06-19
CI
Sanyo Special Steel Co., Ltd. authorizes a Buyback Plan.
19-06-18
CI
Sanyo Special Steel Co., Ltd. announced that it has received ¥67.235 billion in funding from Nippon Steel & Sumitomo Metal Corporation
19-03-27
CI
Sanyo Special Steel Co., Ltd. announced that it expects to receive ¥67.235 billion in funding from Nippon Steel & Sumitomo Metal Corporation
18-08-01
CI
Sanyo Special Steel Co., Ltd. completed the acquisition of additional 22% stake in Mahindra Sanyo Special Steel Pvt Ltd from Mahindra & Mahindra Limited (NSEI:M&M).
18-06-20
CI
Nippon Steel & Sumitomo Metal : says solid demand mutes impact of U.S. duties
18-05-20
RE
Nippon Steel & Sumitomo Metal : to buy Sweden's Ovako to expand Europe specialty steel business
18-03-15
RE
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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Sanyo Special Steel Co., Ltd. is a Japan-based company mainly engaged in the steel, special material and forging businesses. The Company has three business segments. The Steel segment is engaged in the manufacture and sale of bearing steel, steel for machine architecture, stainless steel, heat-resistant steel and tool steel, among others. The Power segment is engaged in the manufacture and sale of metal powder products. The Forging segment is engaged in the manufacture and sale of forging products made from special bar steel and steel pipes. The Company is also involved in the provision of support services for business operation, such as information processing, security and facility management services.
More about the company
Last Close Price
2,256
JPY
Average target price
2,735
JPY
Spread / Average Target
+21.23%
Consensus
1st Jan change
Capi.
-14.42% 791M +4.92% 26.02B +18.04% 21.03B +42.89% 12.23B -7.78% 11.94B +11.54% 11B +9.59% 10.1B +2.17% 8.56B +21.29% 8.33B +22.63% 6.96B
Iron, Steel Mills & Foundries
+951% of historical performance
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