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SHOWA's declaration “SHIN-KA” Toward the 90th Anniversary, and beyond
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Medium-Term Management Plan 2023-2025 (February 24,2023) FY 2023/3（6,535KB）
While progressing with our corporate mission:To provide a stable supply of secured and safe foods, we will "SHIN-KA" to further grow toward the 90th anniversary of our founding in fiscal 2025.
Grains: We will materialize the "evolution" of our Grain Solution Health: We will pursue "intrinsic value" of ingredients and contribute to people's health Sustainable: We will challenge to "deepen" our sustainability management
We will tackle these materialities by implementing our key strategies to achieve sustainable increase of our corporate value.
We will achieve sustainable growth by implementing two key strategies, "Strengthening our Core Businesses" and "Expansion of our Business Fields", which are supported by each of three essential strategies, "Reducing Burden on the Environment", "Rebuilding our Platform" and "Enforcing Stakeholder Engagement"
*1：Gain on sale of non-current assets, approx. 5.2 billion yen, recorded to extraordinary income ROIC: Improve business portfolio management by establishing business evaluation methods and rules for allocating management resources CCC: Promote cash flow management by identifying factors to be improved and reducing CCC by 7 days
We take the following measures to increase our profits.
We also expect the recovery of business environment (i.e. recovery of sales volume) and adjust sales prices to pass-through our costs to optimal levels.
Pursue utmost business synergies, the source of our Group's strength.
We will transform our sales departments from "product-out" to "one-stop" sales models and provide numerous solutions to our customers by utilizing our varied business portfolio.
Maximize group synergies in each value chain - Research and development ⇒ raw material procurement ⇒ production ⇒ sales
Entering into new business fields such as frozen foods and plant-based foods, in addition to strengthening and expanding existing businesses
We will capture the growing demand of PBF, and take on the fine chemicals businesses (such as health foods and cosmetics) and oleochemical businesses by utilizing by-products
*Based on our survey
As a "Grain Solution Company", we further enhance stable procurement of raw material grains and energies to process these materials. As the company with the largest grains silos capacity among domestic food manufacturers, we contribute to stable food supply in Japan by properly reserving raw materials at our silos.
The deterioration of the global environment poses a major risk to the Group's procurement of grains. Therefore, we set the reduction of burden on environment as one of the Group's materialities. We newly added a reduction target for plastic usage to accelerate our environmental initiatives and achieve the longer-term "Showa Sangyo Group Environmental Targets"
Human capital is the most important management capital for achieving sustainable growth. We continuously make strategic investments in human capital. We activate human resources to the maximum degree for our sustainable growth and employees' well-being.
Increase transparency and earn trust from stakeholders by disclosing information appropriately. Promoting two-way communication to meet stakeholders' expectations and requests.
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