In fiscal 2015, Nifco Group launched its medium to long-term management plan, named NIP (Nifco Innovation Plan) 2020. In this plan, we set our goal to achieve sales of 330 billion yen and an operating profit of 38 billion yen by 2020, the last year of the plan.
As we embark on the second stage of the plan in fiscal 2018, it is our objective to pursue sustainable growth by aligning our business with the direction of the industry and responding to the needs of our customers.
The following four points will form the basis of our strategy in the second stage:
Nifco will deliver innovative solutions to customers and markets by further enhancing owned and proprietary technologies, and fostering innovation through collaboration with new technologies.
We will cultivate markets that leverage our unique capabilities and position to respond to the diverse needs of our customers.
To ensure the continuous sustainable growth of our company, we will implement corporate management focused on the environment, society, and governance (ESG). In addition, we will place priority on achieving effective return on invested capital, and adhere to a strict risk management process to protect our investment of management resources.
Establishing a solid management base is essential to responding quickly to rapid corporate growth and swiftly expanding markets.
To this end, we are striving to further enhance the stability of the management base through the implementation of global human resource training, risk management, group business management (based on our proprietary management indicator: Nifco ROIC), and other business control functions.