Guided by our long-term vision "NOF VISION 2030"—which was established to realize our desired future state for FY2030—our Group has been steadily advancing our business plans in three stages. The newly formulated 2028 Mid-term Management Plan (Stage III) is positioned as the "Business Domain Expansion Stage," aiming for further growth by building on the various measures implemented during Stages I and II of NOF VISION 2030.


■ Review of Previous Mid-term Management Plans (Stages I & II)

Throughout Stage I (2022 Mid-term Management Plan) and Stage II (2025 Mid-term Management Plan), we achieved consistent growth in operating profit while steadily maintaining and improving our ROE. As a result, under the 2025 Mid-term Management Plan, we successfully achieved our targets for operating profit, operating profit margin, and ROE.


■ Launch of the 2028 Mid-term Management Plan (Stage III)

The basic policies of this plan consist of agile resource allocation aimed at creating growth drivers and the maximization of shareholder value based on the optimization of capital allocation. Under these policies, we have set FY2028 targets of ¥57 billion in operating profit, an 18.6% operating profit margin, and an ROE of 14% or more.


■ Upward Revision of Final Targets for "NOF VISION 2030"

In conjunction with the launch of the 2028 Mid-term Management Plan, we revised the underlying assumptions to reflect changes in the business environment, leading to an upward revision of the final targets for NOF VISION 2030. We have raised the FY2030 operating profit target to ¥65 billion, up from the previous ¥60 billion. Furthermore, to further promote management focused on capital efficiency, we have newly set an ROE target of 15% or more for FY2030.

• 2028 Mid-term Management Plan NOF VISION 2030