Mid-Term Management Plan (FY2021–FY2023): Nifco Global Growth Strategy
In the three years from FY2021 to FY2023, we will position Nifco to leverage Nifco's strengths and realize changes for the next growth. This is the first step toward achieving our long-term vision for 2030 of becoming a seamlessly growing global company with unique positioning and strong presence.
Under our long-term vision for 2030, we aim to be a unique Tier 1.5 supplier that provides products with universal value to the world based on the following three points: make advanced proposals, outstanding product power, and global management.
Quantitative targets for this term's medium-term management plan
The targets for FY2023 are as follows.
We will steadily expand sales and strengthen profitability to further solidify the business base of existing businesses.
By investing the funds generated there into businesses for future growth, we will also cultivate new sources of revenue.
To be specific, our focus on safety, comfort, and the environment in the automobile industry remains unchanged, and we will concentrate our resources in the development of new products that are consistent with this strategy.
One of our strengths is that Nifco’s customers are all over the world. We believe that demand for products addressing customer concerns about safety, comfort, and the environment will continue to grow regardless of the region.
By launching products with universal value in such markets, we will establish a sales base and foster new businesses.
Strengthening the governance system
We will strengthen our management base by transitioning to a company with an audit & supervisory committee, increasing the number of outside directors to be more than half the number of directors, and promoting diversity.
At overseas subsidiaries, we will increase the speed of management by delegating decision-making authority to local staff. At the same time, Nifco will adopt a hybrid management program to promote best practices for items that are common throughout the world.
And finally, we will continue to improve functions in preparation for the establishment of regional headquarters.
In the automotive industry, Nifco’s products have contributed to the reduced weight, lessened air resistance, and greater ease in disassembly of vehicles.
This has resulted in better fuel efficiency, recycling and other improvements, which have greatly contributed to reducing environmental burden.
We believe it is important for environmental, social, and governance (ESG) management that the business model itself to be environmentally friendly.
At manufacturing sites, we are actively reducing energy in production processes and promoting the adoption of renewable natural energies and we are also striving to reduce material waste and be thoroughgoing in our recycling.
The cash flow generated from these various activities will be used to strengthen the corporate structure to make it stronger, to invest in growth to create more added value, and to return profits to shareholders, all in a balanced manner for all stakeholders.
Mid-Term Management Plan PDF
You can find more information about our strategy（21/06/2021）:
Material on Nifco's long-term vision
Click here to see material on Nifco's long-term vision. (Posted on May 25, 2021)
Forward-looking statements or projections included in our website, including earnings projections, are based on currently available information and certain premises that are judged to be rational at the time of this writing.
Actual results may differ greatly from the forecast figures depending on various factors. the data listed in this website is included for the purpose of providing information, it is not designed to encourage investment.