(English translation for reference purposes only) Press release on May 31, 2021
Takamiya Co., Ltd.
Representative Director, President and Chairman: Kazumasa Takamiya
Listed: Tokyo Stock Exchange (1st Section)
Stock code: 2445
Announcement of Medium-Term Management Plan
(hereinafter referred to as "the Company") announces that it has formulated a medium-term management plan covering the period from the fiscal year ending March 31, 2022 to the fiscal year ending March 31, 2024.
For details, please refer to the attached document.
1. Management Vision and Profit Targets
(1) Management Vison
Create new value through transformation and aim for sustainable growth by becoming a partner to our customers.
(2) Profit Targets
Consolidated operating income of ¥5.0 billion for the year ending March 31, 2024
2. Basic Policy
(1) Basic strategies
・Develop services that blend hardware and software, with a focus on the Iq System ・Strengthen products for maintenance/repairs and infrastructure redevelopment ・Nurture businesses beyond the temporary equipment sector
・Redevelop overseas business bases
(2) Basic policy
・Diversification of earnings base
・Establishment of manufacturer functions ・Innovation of management system
・Establishment of overseas business bases
(3) Investment Policy
・Investment in service development (equipment, systems, etc.) to raise the added value of products (development of new services that blend hardware and software)
・Investment in development and cultivation of human resources to support sustainable growth
・Investment in systems development for labor-saving and smaller number of workers through digitalization
・Investment in products for growing markets such as maintenance and repair market (strengthen products for maintenance/repairs and infrastructure redevelopment)
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(4) Financial Policy
・Operating income margin 8% or more
・EBITDA* ¥10.0 billion *Operating income + depreciation ・ROA 6%
・ROE 12%
・Equity ratio 35%
(5) Shareholder Return Policy
Enhancement of corporate value through business growth
Pay dividends in accordance with earnings while maintaining the current level of dividends
3. Consolidated revenue target | ||||||
FY ended | FY ended | Change % | Reference | |||
March 31, 2021 | March 31, 2024 | FY ended March 31, | ||||
(Unit: million yen) | (3 years) | |||||
2020 | ||||||
(Results) | (Target) | |||||
Net sales | 38,812 | 60,000 | +54% | 46,065 | ||
Operating income | 1,586 | 5,000 | +215% | 3,703 | ||
Operating income ratio | 4.1 % | 8.3 % | 8.0 % | |||
(NOTE) The above forecasts are based on information available as of the date of publication of this document. Actual results may differ from these forecasts due to a variety of factors.
(End)
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2021 Medium-Term Management Plan
Takamiya Co., Ltd.
Grand Front Osaka Tower-B Bldg. 27F,
3-1,Ofuka-cho,Kita-ku, Osaka 530-0011, Japan
TEL:+81-6-6375-3900FAX:+81-6-6375-8825
2021 Medium-Term Management Plan
Current Situation and Recognition of Challenges
It is clear from the track record that the Takamiya Group's business performance is greatly affected by the external environment. In particular, business results tend to fluctuate markedly under circumstances of declining economic activity, such as during the current COVID-19 pandemic.
Based on this recognition of the challenges, in the previous Medium-Term Management Plan, which began in the year ended March 31, 2015, we set goals that included "the establishment of a stable earnings base" and engaged in the transformation into a more profitable structure and the creation of new profit-generating businesses. To ensure sustainable corporate growth and stable earnings into the future, maintain flexibility for various potential future changes in the external environment, and
become a company of customers' choice from among competitors, we recognize that our priority issue is the establishment of
management frameworks along with the building of systems and structures that will allow us to permanently enhance our corporate value. To this end, we need to carefully refine each and every business of the Group from the customer's perspective and create new value in a sustained manner. Based on this recognition, we formulated basic policies for identifying individual challenges and responding to them under the new Medium-Term Management Plan that finalizes in the fiscal year ending March 31, 2014, whereby implementing a variety of measures to build a business model that is capable of responding to changes in the environment.
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2021 Medium-Term Management Plan
Management Vision and Profit Targets
Management Vision
Create new value through transformation and aim for sustainable growth by becoming a partner to our customers.
Profit Targets
Consolidated operating income of ¥5.0 billion for the year ending March 31, 2024
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SRG Takamiya Co. Ltd. published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2021 05:01:02 UTC.