In the series of medium-term management plans with the slogan of “Growth & Change” since fiscal year 2012, the Group has been continuing to promote global “Growth” and “Change” to achieve a highly profitable business structure. Given that the long-term trend of expanding overseas demand and contracting domestic demand remains unchanged, the Group positions G&C 2021 as the final stage of G&C.

The Group will work to expand its cash flow creation capabilities for future growth with “For the completion of G&C and future growth” as a basic principle, putting priority on increasing the earnings power of businesses that were enhanced under G&C 2018. At the same time, the Group will aim for sustainable growth beyond the 100th anniversary of the Company’s foundation in 2021 by continuing to work on the development of new businesses and products that will meet customer and social needs.