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Medium-Term Management Plan

Aim at lasting enhancing corporate value toward a long-term management vision by boosting profitability of domestic and international business.

Goals for indicators in fiscal year ending March 31, 2022

  • Consolidated net sales
    Consolidated net sales
  • Consolidated operating income/
    Net income attributable to shareholders of
    the parent company

    Consolidated operating income/Net income attributable to shareholders of the parent company
FY2018 ending March 2019
(recorded)
FY2019 ending March 2020
(forecast)
FY2020 ending March 2021
(target)
FY2021 ending March 2022
(target)
Consolidated net sales ¥45.9billion ¥44.5billion ¥46.1billion ¥46.9billion
Consolidated operating income ¥2.5billion ¥2.3billion ¥4.1billion ¥4.8billion
Net income attributable to shareholders of the parent company ¥0.8billion ¥1.3billion ¥2.3billion ¥2.6billion
  • For ROE we aim for over 8%

Priority Measures for Achievement of Mid-term Management Plan

Domestic Measures
Structure enhancement of small valve business
Solid Type Valve of Sanyo Plant Recovery of profitability by cost structure reform (restructuring activities)
Hollow Head Valve of Sanyo Plant Production expansion by enhancement of lines, and continuance of cost improvement
Hollow Stem Valve of Hadano Plant Preparation for mass production as well as production expansion
Specific structure enhancement for the businesses other than that of small valve
Gear Improvement in profitability by concentration on and specialization in the main lines
PBW Establishment of structure for increased production and improvement in profitability by cost improvement
Marine parts Enhancement of price competitiveness by utilization of KN-Tech Co., Ltd. as well as establishment of lines for new strategic products
Crops Realization of profitability in Shune365 by enhancement of cultivation lines and sales promotion
Overseas Measures
Strategic utilization of global production sites
U.S. Engine Valve (Partnership) Enhancement of price competitiveness by cost reform
Nittan India Tech Pvt. Ltd Starting up of new mass-production items and concentration on productivity improvement
Rizhao Nittan Valve (China) * Implementation of the plan and securing of performance
*Established in September 2018