I. Takasago Group’s Management Policies
1) Corporate Mission and Vision 2040
The Group celebrated the 100th anniversary in 2020. We have added the corporate mission, “Create new value through innovation rooted in kaori (aroma in Japanese). The corporate mission is incorporated in the essence of Takasago, which our predecessors have cultivated in the past 100 years.
We have established Vision 2040 as a vision of ourselves in 2040.
In Vision2040, The Group aims to achieve the following four goals in addition to the policy of “Care for People, Respect the Environment”.
- proud of our culture of respect, diversity and inclusion
- in harmony with nature, enriching and bringing well-being to daily life
- full of hope and ambition, confidently taking on new challenges
- eager to keep innovating, remaining an indispensable company
2) Management Plans
We have formulated a new Mid-Term Management Plan, New Global Plan-2 (NGP-2), from FY2024 to FY2026, aiming to get closer to our vision stated in Vision 2040.
In formulating the plan, the Board of Directors resolved an analysis of the current situation, a policy and target/plan period for improvement, as well as specific efforts, in light of the Tokyo Stock Exchange, Inc.'s request for "Action to Implement Management that is Conscious of Cost of Capital and Stock Price".
Please see the material listed below for details.
2. New Global Plan【NGP-2】FY2024-2026
What we aim for NGP-2
The med-term management plan from 2024 to 2026 is the New Global Plan-2 【 NGP-2】.
Reviewed the quantitative targets of Vision 2040 and formulated NGP-2.
NGP-2 Strategy
NGP-2 Targets
NGP-1 2021-2023 | NGP-2 2024-2026 | |
|---|---|---|
| Sales（Final year） | JPY 200B | JPY 220B |
| Operating Profit（Final year） | JPY 2B | JPY 11B |
| ROE %（Range） | 1.7%-8.5％ | 4.0％-8.0％ |
| EBITDA（Three years total） | JPY 39B | JPY 49B |
| Investment（Three years total） | JPY 27B | JPY 57B |
| Overseas Sales Ratio（Final year） | 62％ | 66％ |
Targets
One-T | NGP-1 | NGP-2 | |
|---|---|---|---|
| ROE % (Range) | 3.6%-7.4％ | 1.7%-8.5％ | 4.0%-8.0% |
| Shareholder’ equity % (Final year) | 54% | 56% | 57% |
| EBITDA (Three years total) | JPY 34B | JPY 39B | JPY 49B |
| Investment (Three years total) | JPY 21B | JPY 27B | JPY 57B |
| Cross-Shareholdings ％ (Final year) | 25% | 15% | 14% |
| Dividend per share (Range) | JPY 50-65 | JPY 70 | JPY 80-160 |
| Dividend amount (Three years total) | JPY 3.4B | JPY 4.2B | JPY 7.2B |
| Dividend payout ratio % (Average) | 22％ | 23％ | 30％～ |
| DOE % (Final year) | 1.1% | 1.1% | 2.0%～ |