Midterm Plan

The Central Glass Group has formulated a new three-year midterm plan that covers the period from fiscal 2018 through fiscal 2020.

During this three-year period:

  • We will emphasize the operating profit ratio, a measure of efficiency, as a key performance indicator with the aim of restoring operating profit, which reflects the earnings power of our core businesses.
  • We will target an ROE of 6% based on our profit target, but this is just a milestone on the way to achieving our final goal of an ROE of 8% or more. We will continue to make improvements to reach our final goal.
  • We will use the cash we generate to continuously return profits to shareholders in a stable manner. Moreover, we will push ahead with investments and R&D to advance to our next stage of growth.

Basic Policy of Midterm Plan

'Achieve new growth by strengthening our business foundations and original technologies'

  • Strengthen our business foundations by making clear-cut choices about priorities
  • Deliver added value by anticipating the needs of customers and society as a whole
  • Ensure compliance and contribute to the development of society as a global corporation

Basic Strategies

  1. 1. Return to a medium- to long-term growth path
    • ・Pursue returns by selectively allocating management resources to business fields targeted for growth
    • ・Secure funding for growth investments by reshaping the operating structure according to business and organizational features
    • ・Boost earnings power and efficiency as well as improve cash flows through carefully selected investments
  2. 2. Allocate cash flows based on a well-balanced consideration of shareholder returns, investments and financial discipline
  3. 3. Continue to strengthen R&D to ensure future growth

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