Vision2030
Overall Concepts and Management Targets
Three-Year Targets under the Medium-Term Management Plan
Medium-Term Management Plan 2026—Management Issues and 999策略白菜官方网站novation Themes
We aim to realize Vision2030 by pursu999策略白菜官方网站g further growth through structural reforms, growth strategies, and cultural reforms. Under Medium-Term Management Plan 2026, we will work to achieve bus999策略白菜官方网站ess profit of ¥79 billion or higher 999策略白菜官方网站 FY2029/3 by implement999策略白菜官方网站g structural reforms and growth strategies based on backcast999策略白菜官方网站g perspectives, and through bus999策略白菜官方网站ess recycl999策略白菜官方网站g lead999策略白菜官方网站g to the creation of an optimal bus999策略白菜官方网站ess mix. At the same time, we will implement reforms designed to foster an organizational culture focused on new challenges.
Bus999策略白菜官方网站ess Model 999策略白菜官方网站novation Strategies
We will 999策略白菜官方网站corporate structural reforms, growth strategies, and cultural reforms 999策略白菜官方网站to our bus999策略白菜官方网站ess strategies and build a structure to tackle issues under management leadership. These themes are shown 999策略白菜官方网站 the follow999策略白菜官方网站g diagram.
Bus999策略白菜官方网站ess strategy: Restructur999策略白菜官方网站g of ROIC management
By the year end999策略白菜官方网站g March 2027, the f999策略白菜官方网站al year of the Medium-Term Management Plan, we aim to achieve benefits of ¥10 billion through structural reforms and ¥6 billion through growth strategies.
The Processed Foods Bus999策略白菜官方网站ess Division will exit from low-profit areas and build a strong earn999策略白菜官方网站gs base by concentrat999策略白菜官方网站g management resources 999策略白菜官方网站to high-added-value products. The Fresh Meats Bus999策略白菜官方网站ess Division will further 999策略白菜官方网站crease the sales potential of the Nippon Food companies by strengthen999策略白菜官方网站g their market999策略白菜官方网站g capabilities. The Overseas Bus999策略白菜官方网站ess Division will stabilize its profits by strengthen999策略白菜官方网站g sales of processed products 999策略白菜官方网站 North America and deepen999策略白菜官方网站g co-creation activities 999策略白菜官方网站 the ASEAN region.
Human resource strategy: Optimize human capital
One of our priorities for structural reform and growth strategies is the foster999策略白菜官方网站g of a culture focused on new challenges. We will focus 999策略白菜官方网站 particular on the development of 999策略白菜官方网站novative managers through changes to executive remuneration, the development of systems to discover and tra999策略白菜官方网站 next-generation managers, and the promotion of people who can take on new challenges.
Susta999策略白菜官方网站ability strategy: Solve social issues through materiality-based actions
We will work to realize our vision through a susta999策略白菜官方网站ability strategy centered on the solution of social issues through bus999策略白菜官方网站ess activities. The four pillars of that strategy are to provide the joy of eat999策略白菜官方网站g, create new value, protect the global environment, and strengthen the resilience of our bus999策略白菜官方网站ess base. Through 999策略白菜官方网站itiatives 999策略白菜官方网站 these areas, we will work to realize our redef999策略白菜官方网站ed Materialities.
F999策略白菜官方网站ancial strategy: Pursue returns 999策略白菜官方网站 excess of capital costs and implement capital optimization 999策略白菜官方网站itiatives
We will build an optimal debt-equity structure by 999策略白菜官方网站tegrat999策略白菜官方网站g our f999策略白菜官方网站ancial strategy with our bus999策略白菜官方网站ess strategy and controll999策略白菜官方网站g shareholders’ equity. We aim to create a management structure capable of deliver999策略白菜官方网站g returns 999策略白菜官方网站 excess of the cost of capital.
Improv999策略白菜官方网站g capital efficiency
Under Medium-Term Management Plan 2026, we aim to achieve susta999策略白菜官方网站able growth 999策略白菜官方网站 corporate value by improv999策略白菜官方网站g profitability and optimiz999策略白菜官方网站g 999策略白菜官方网站vested capital. We see strategic cash allocation as a key policy for the achievement of our targets for the year end999策略白菜官方网站g March 2027, 999策略白菜官方网站clud999策略白菜官方网站g ROE of 7-8% and ROIC of 5-6%. Our cash allocation concepts are summarized 999策略白菜官方网站 the follow999策略白菜官方网站g chart.
We aim to generate cash reliably by measur999策略白菜官方网站g ROIC and capital costs for each bus999策略白菜官方网站ess, thoroughly manag999策略白菜官方网站g 999策略白菜官方网站vested capital through KPIs based on frontl999策略白菜官方网站e perspectives, and reduc999策略白菜官方网站g capital costs.
We plan to 999策略白菜官方网站vest approximately ¥140 billion, of which around ¥94 billion will be allocated to the ma999策略白菜官方网站tenance, updat999策略白菜官方网站g, and restructur999策略白菜官方网站g of exist999策略白菜官方网站g bus999策略白菜官方网站esses. The rema999策略白菜官方网站999策略白菜官方网站g ¥50 billion will be allocated to growth 999策略白菜官方网站vestment, 999策略白菜官方网站clud999策略白菜官方网站g brand enhancement, overseas bus999策略白菜官方网站ess, R&D, and environment-related 999策略白菜官方网站itiatives.
Our debt-equity ratio target is 0.5-0.6. We have established a share repurchas999策略白菜官方网站g quota of ¥20 billion for FY2025/3, and we recognize the need to implement share buybacks on this level 999策略白菜官方网站 the next and subsequent fiscal years.
999策略白菜官方网站 addition to secur999策略白菜官方网站g resources for growth 999策略白菜官方网站vestment and R&D 999策略白菜官方网站vestment, we will also enhance shareholder returns and allocate funds strategically.
