Below is a summary of the "2025 New Year's Address" delivered by Representative Director, President and CEO Hiromi Ishii to employees.
As we begin 2025, we would like to extend our New Year's greetings.
The global economy has been unstable in recent years due to the situation in the Middle East and the stagnation of the Chinese economy, and in Japan, unpredictable exogenous shocks such as rising prices due to the weak yen and the certification fraud issue at an automobile manufacturer are putting downward pressure on corporate earnings. In this harsh environment, the Group has steadily worked to review its business portfolio, carry out structural reforms, and optimize sales prices to strengthen its earnings base, but the outlook is expected to remain uncertain through 2025.
In order for the Group to achieve sustainable growth in this business environment, we must develop a business that can flexibly respond to change and develop a corporate structure that can constantly create new things and generate added value. To achieve this, it is important to stimulate exchanges that go beyond the boundaries of departments and organizations and to take on the challenge of developing new products and technologies.
This year is the final year of Medium-Term Management Plan "TOPY Active & Challenge 2025". Due to changes in the business environment, profits have deteriorated more than initially expected, and we are in a tough situation. However, in order to build a company structure that will grow sustainably, technological progress and business expansion cannot be expected just by improving the business environment. Let's expand our range of high-value-added products by improving quality, pursue high profit margins through low cost and high productivity, and contribute to society by building a recycling-oriented business.
For us to continue to grow, each and every one of us must "imagine" what we want to be, continue to make efforts to improve our ability to identify issues, and then carefully "prepare" for those issues and ensure their realization. We expect you to be aware of this and change the nature of our company. With this in mind, we have established this year's slogan and priority issues.
【slogan】
Turn your imagination into reality, turn your preparation into power
Creating new value with "One Topy"!
- Responding to change beyond "TOPY Active & Challenge 2025" -
[Priority Issues]
1. Pursuit of health, essential safety, and quality: A thorough awareness of seeing things through to the end
~Zero work-related injury leave, eradication of the three shameful complaints (delivery of wrong products, mislabeling, wrong quantity)~
2. Reconstructing overseas businesses and deepening domestic business foundations: Implement with a sense of urgency
- Strengthening alliances, promoting structural reforms, improving productivity, and optimizing sales prices -
3. Strengthening collaboration among professional groups to take on new products and technologies: Creating a culture of trying things out and letting others try things out
~A challenging spirit that does not fear failure, and creating technology without giving up until success~
4. Self-directed human resource development and support system for improving job satisfaction: Creating a vibrant workplace
~ Generational roles (VSOP *)-conscious human resource development
*VSOP (Vitality, Variety in their 20s, Specialty in their 30s, Originality in their 40s, Personality in their 50s)
5. Cultivating a corporate culture that is conscious of sustainability
- Promoting employee-led efforts to address materiality (important issues) -
