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    1375   JP3947010009

YUKIGUNI MAITAKE CO., LTD.

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[Delayed] Medium-Term Business Plan for FYE March 2022 to FYE March 2026

11/05/2021 | 01:43am EST

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

November 4, 2021

For Immediate Release

Company Name: YUKIGUNI MAITAKE CO., LTD.

Representative: Iwao Ashikaga, President and CEO,

Representative Director

(Tokyo Stock Exchange, First Section:1375)

Inquiries: Takenori Sakurai, Executive Officer

(Chief Financial Officer)

Tel: +81-25-778-0162

Medium-Term Business Plan for FYE March 2022 to FYE March 2026

Yukiguni Maitake Co., Ltd. (the "Company") has formulated its medium-term business plan for the period from

fiscal year ending March 31, 2022 to fiscal year ending March 31, 2026, as outlined below.

1. Outline of the Medium-Term Business Plan (FYE March 2022 to FYE March 2026)

We have formulated this medium-term business plan with the aim of continuing to grow globally as a

comprehensive manufacturer of premium mushrooms, while appropriately responding to changes in the

business environment and creating demand in the domestic market.

2. Background and Reasons for Brushing Up the Current Medium-Term Business Plan (FYE March 2020 to FYE March 2023)

  • In the fiscal year ended March 2021, we achieved the numerical targets of the current medium-term business plan (annual average growth rate of around 7%).
  • In order to appropriately respond to changes in the business environment and evolve into a comprehensive manufacturer of premium mushrooms with global operations, we will brush up our strategies and concentrate resources on priority fields.
  • In order to capture the relatively high growth of the overseas mushroom market and raise the Company's medium- to long-term growth, we will begin full-scale global expansion, but a medium- to long-term time frame is necessary to achieve certain results.

3. Basic Policies for the Medium-Term Business Plan (FYE March 2022 to FYE March2026) Create Further Demand in the Domestic Mushroom Market and Evolve into a Comprehensive Premium Mushroom Manufacturer with Global Operations

A. Domestic Mushroom Market: New Value Creation

  • The regional and age gaps in the consumption of Maitake will be seen as new sales opportunities. And, by actively disseminating information and improving the convenience of cooking, we aim to raise the level of domestic consumption.
  • Strengthen the Button Mushroom business, which is a global standard and for which demand is expected to grow further, and move on to a new stage as a comprehensive manufacturer of premium mushrooms.

B. Technological Development: Cost Reduction through Innovative Production Technology

  • Improve profitability by evolving into a highly efficient factory using the latest factory automation technology.
  • Strive to maximize energy efficiency and reduce environmental impact.
  1. Global Expansion: Build an In-House Foundation for Production and Sales, and Explore Business Opportunities in Mushroom-Related Fields
  • Expand the consumption of mushrooms, a natural foodstuff, to meet the global health consciousness.
  • Build an in-house production and sales infrastructure overseas.
  • Search for business opportunities in the area surrounding mushrooms (upstream to downstream).

4. Quantitative Targets (Consolidated Basis)

Item

Target for FYE March 31, 2026

Revenue

Around ¥60.0 billion

Overseas Revenue Ratio

Around 30%

Core EBITDA Margin 1

Around 20%

ROIC

Around 10%

1 Core EBITDA Margin = Core EBITDA / Revenue

Core EBITDA: IFRS operating income excluding the effect of applying IAS 41 "Agriculture", other income and expenses, and one-time income and expenses, plus depreciation and amortization

For details, please refer to the explanatory materials for the medium-term business plan for FYE March 2022 to FYE March 2026.

The quantitative targets of the Group are as shown above, but each figure is based on reasonable judgments based on currently predictable information, etc., and is not a guarantee of achievement.

(end)

Medium-Term Business Plan for FYE March 31, 2022 to FYE March 31, 2026

November 4, 2021

AGENDA

  1. Medium- to Long-Term Vision of Yukiguni Maitake
  2. Review of the Current Medium-Term Business Plan
  3. Background and Reasons for Brushing Up the Current Medium-Term Business Plan
  4. Image of the New Medium-Term Business Plan
  5. Basic Policy
  6. Quantitative Targets of the Medium-Term Business Plan
  7. ESG strategy

1

Medium- to Long-Term Vision of Yukiguni Maitake

The company aims to "contribute to the enrichment of people's lives and the prosperity of food culture" mainly through the production and sale of

mushroom products

Medium- to long-term vision The company continues to grow and expand globally as a comprehensive

manufacturer of premium mushrooms

Values

Policy

Business Basic

term-Medium

& Policies Basic

Plan Business

the of Strategies

Company

Motto

  1. Management Philosophies
    • Basic
      Business
      Policies

Ⅲ-1 Basic

Policies

Ⅲ-2 Basic

Strategies

Contribution towards society with quality products

A worthwhile workplace

  1. Contribute towards enrichment of citizens' livelihood and the prosperity of food culture
  2. Realize contributions to local communities and shareholders and affluent executives and employees
  3. Respect for corporate ethics
  1. Reform the culture of challenge
  2. Identify customer needs
  3. Realize employee enrichment
  4. Respect for corporate ethics
  5. "Pursuit of value and strength" and "Thorough selection and concentration of businesses"

Create further demand in the domestic mushroom market and evolve into a comprehensive manufacturer of premium mushrooms with global operations

  1. Domestic mushroom market: New value creation
  2. Cost reduction through innovative production technology: Improvement of productivity through factory automation of production processes and maximization of energy efficiency
  3. Global expansion: Build an in-house foundation for production and sales, and explore business opportunities in mushroom-related fields
  1. Establish a foundation as a comprehensive manufacturer of premium mushrooms
  2. Achieve and maintain the overwhelming No. 1 position in maitake
  3. Pursuit technological innovation in production and packaging
  4. Start full-scale overseas expansion

2

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Yukiguni Maitake Co. Ltd. published this content on 05 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2021 06:42:10 UTC.


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Net income 2022 4 377 M 38,5 M 38,5 M
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Yield 2022 3,52%
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Number of Analysts 1
Last Close Price 1 193,00 JPY
Average target price 1 700,00 JPY
Spread / Average Target 42,5%
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Managers and Directors
Iwao Ashikaga President & Representative Director
Shunsuke Nakahama Director
Yuji Sugimoto Director
Toshiyuki Saegusa Managing Director
Mitsuo Fujio Outside Director