Mid-Term Business Plan(FY2021-2023)

Nittobo will mark its 100th anniversary on April 1, 2023.
The Nittobo Group worked a Mid-Term Business Plan for four years, from FY2017 to FY2020 being the 1st stage of "Long-term Vision 101," which is a corporate vision that sets the target for FY2023 to achieve a sustainable growth for the next 100 years.
For the 2nd stage of the "Long-term Vision 101", we have formulated a "New Mid-Term Business Plan(FY2021-2023)" that is positioned as the 1st stage of the long-term strategy for the realization of [Big VISION 2030], the vision for 2030.

Long-Term VISION 101 / Big VISION 2030

Basic Strategy

Basic Strategy

Key initiatives

Key initiatives

Financial Targets

(Billion yen)

  FY2020 (Actual)   FY2023 (Target)
Net sales 78.7 → 100.0
Operating profit 6.0 → 14.0
EBITDA
(EBITDA margin)		 12.3
(15.6%)		 → 25.0
(25%)
ROE 8.4% → 10%
ROIC 2.9% → 6%
Equity ratio 53.7% → 55%
D/E ratio 0.45 times → 0.4 times

Environmental Goal

1. Reduce CO₂ emissions
Target for FY2030(compared to FY2013 levels, Scope 1+ Scope 2)　-30%
Target for FY2050Achieve Carbon Neutrality
2. Reduce waste glass
Target for 2030Achieve a virtual zero of waste glass

Financial strategy

Improve capital efficiency by "improving profitability and efficiency" and "securing financial soundness".

Financial strategy

Shareholder Return Policy

Presently, implement shareholder returns with a focus on stable growth.
For the medium term, implement shareholder returns linked with profit growth by setting a target of 30% dividend payout ratio for steady earnings in FY2023 onward that is expected to go on a profit growth track.