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.
|FY2020 (FCST)||FY2023 (Target)|
|D/E ratio||0.5 times||→||0.4 times|
|Target for 2030(compared to FY2013)||Intensity per consolidated sales||-30%|
|Target for 2030||Achieve a virtual zero of waste glass|
Improve capital efficiency by "improving profitability and efficiency" and "securing financial soundness".
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.