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Medium-Term Management Plan

To achieve continuous growth and the medium- to long-term enhancement of corporate value, the NIPPON FILCON Group views the Medium-Term Management Plan as a step toward the achievement of the Group’s Long-Term Vision.

Group’s Long-Term Vision

As a company with a history going back more than 100 years, we will be a corporate group that continues to make products and services that society will need for the next 100 years.

Priority Management Issues

The following issues need to be addressed to achieve the Long-Term Vision.

  1. 1. Ensure the independence and development of each business sector
    Even though faced with a challenging operating environment, each business will work to increase business results by constantly formulating its own policy for ongoing business development, and making and implementing decisions based on that policy.
  2. 2. Pursue customer satisfaction
    We will constantly pursue greater customer satisfaction with a sense of enthusiasm, originality, and sincerity.
  3. 3. Appropriately allocate and efficiently utilize management resources
    We will once again review the management resources at each business and work to maximize their value. We will also invest with an awareness of the cost of capital.
  4. 4. Maximize Group synergies
    By sharing market information, customer information, technologies, human resources, and other Group resources, we will work cooperatively to increase sales of existing products and to create new products and businesses.
  5. 5. Enhance and pursue the autonomy of each individual
    Each employee will fulfill his/her responsibilities with an awareness of his/her own and his/her organization’s mission and role, by thinking about what needs to be done now and what needs to be done for the future, and acting on that basis.

Medium-Term Targets for FY2022 (fiscal year ending November 30, 2022)

■Group’s growth targets
Sales: ¥26,850 million
Operating income: ¥1,550 million
■Group’s capital efficiency target
ROE: at least 5%
■Group’s target for returns to shareholders
Dividend payout ratio: at least 30%

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