July 6, 2023
YUASA TRADING announced on May 17 its medium-term management plan, “Growing Together 2026,” for the fiscal year ending March 31, 2026.
YUASA TRADING has revealed its medium-term management plan with a sales target of 576 billion yen for the fiscal year ending March 31, 2026, and 504.8 billion yen for the fiscal year ending March 31, 2023, targeting an increase of 14.1% over the three years.
In 2017, the company established “YUASA VISION 360” as a long-term goal, with sales of 600 billion yen by 2026. Later, due to a change in accounting standards, the target was set at 576 billion yen under the current standards, which is equivalent to 600 billion yen under the previous accounting standards.
This time marks the final phase of the medium-term plan, which is planned in three phases toward 2026. Hiroyuki Tamura, President and CEO, commented, “This is the final stage of the plan to achieve the goals of YUASA VISION 360. We want to make this the foundation not only for achieving business results, but also for transforming ourselves into a trading company that can survive beyond 2026 and into the next generation”.
Special emphasis will be placed on nine growth areas. Total sales in these nine areas amounted to 127.4 billion yen in the fiscal year ending March 31, 2023. In the fiscal year ending March 31, 2026, the company will strive to increase the total to 286.0 billion yen.
In “Overseas,” which has the highest target amount, the company has set sales at 65 billion yen. Instead of entering the market by business division as in the past, the company aims to create a structure that combines industrial, housing, and construction businesses to demonstrate its comprehensive strength. President Tamura said, “We intend to establish a ‘mini-Yuasa’ in Thailand first, and then hold the YUASA Grand Fair in the country in 2025.”
In addition, the company aims to achieve sales of 60 billion yen in the “Green” field, which provides environmental solutions that have become a major social issue in recent years. And 40 billion yen in the “Digital” field, which includes robots, the Internet of Things (IoT), and artificial intelligence (AI). In these three areas, the entire company will work across divisions and plans to invest a total of 6 billion yen over the next three years.
“Resilience & Security,” which is related to disaster and crime prevention, and “New Distribution,” which aims to expand e-commerce (EC) sites, will also be targeted for growth. Including these two areas, the company plans to invest a total of 4 billion yen in six areas (= see chart below).
The company will also invest more than 10 billion yen in initiatives to improve productivity and profitability by reforming internal operations through the implementation of digital transformation (DX) and other measures.
In addition, the company plans to relocate its headquarters to a new building in Tokyo, the exact timing of which has yet to be determined. The aim is to create a base where employees, including those from Group companies, can gather and demonstrate their collective strengths.
“With the keyword ‘Tsunagu’ (connect), we intend to contribute to solving social issues by combining people, products, and solutions that cross various boundaries,” said President Tamura. He continued enthusiastically, “To achieve this, it is important to have comprehensive strength, a spirit of challenge, and communication. At our new headquarters, we will create an environment that fosters collaboration.”
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