Medium-term Business Plan

Aiming to stay in our customers' hearts and minds, we will hone our marketing,
development, and merchandising expertise to increase and strengthen sales and profits
while promoting ESG management.

1. Management Policy

Basic Policy
Make continuous management innovations through strengthening corporate governance and promoting CSR Rigorous quality control
Environmental protection, legal compliance, internal controls, financial and non-financial disclosures
Talent management, positive workplace culture, enlightened attitudes
Further expand the territory of the two existing major business segments and further strengthen their revenue bases Strong operating base (overhaul cost structure, smart investment and procurement)
Better marketing, deeper penetration in growing sectors
Customer-oriented product design (healthy, trustworthy, delicious)
Create business and develop globally in order to capture growing markets Business development in Japan and abroad based on collaboration with ITOCHU Corporation
Develop and Introduce innovative production technology
Strengthen consolidated management among group companies
☆We will aim for a payout ratio of 30% while maintaining an equity ratio of 40% and an ROE of >10%.

2. Consolidated Income Medium-term Business Plan (Rolling Plan)

(Unit: hundred millions of yen)

  Results for FYE
March 2020		 Forecast for FYE
March 2021		 Forecast for FYE
March 2022		 Forecast for FYE
March 2023
Consolidated net sales 4,180 4,410 4,570 4,700
Operating income 156 145 156 163
Ordinary income 159 146 158 167
Net income 88 89 102 107