In March 2017, we announced our Sixth Medium-Term Business Plan (originally covering the period from February 2017 to January 2020) (“the Plan”) along with the slogan: “Building our dreams into the future—By creating a bridge towards Global Number One manufacturer of baby products.” Under the plan, we have set three basic strategies aimed at enhancing social value and economic value.

For the fiscal year ending December 2019, the final year of the Plan, we will ensure to achieve the targeted net sales of ¥106.2 billion (¥110 billion before a change in the fiscal year-end), operating income of ¥ 20.0 billion, ordinary income of ¥ 20.0 billion, return on equity (ROE) of 22.0% or higher, and return on invested capital (ROIC; calculated by dividing NOPAT by invested capital, with an applicable tax rate of 30.0%) of 20.0% or higher. As well as these targets, we are also committed to building a solid foundation for growth thereafter. As envisioned in the Plan, we will implement strategies from multiple perspectives toward the significant goal of achieving a ¥ 200 billion mark in sales.

The Pigeon Group continues striving to enhance its corporate value from the perspectives of both social value and economic value.