Medium-Term Management Plan
Toward the Medium-Term Management Plan (2021-2023)
Unchanging
- Our Credo
EACH DAY
WITH RENEWED COMMITMENT
WE CREATE
NEW VALUE
THROUGH PACKAGING - Our Slogan
We call creation a "dream"
We call challenges to creation "courage"
We call a heated discussion on creation "trust" - Guideline for Action
Changing along with changes
Renewed
- Our Mission
Fuji Seal will impact to realize the Circular Society that brings peace and happiness to all through packaging
- Our Vision - To Be -
Our Vision- To Be -
Our Value to People and the Planet
Sustainable and profitable growth in the packaging industry
- "Friendly to people and environment" company
- Fuji Seal will continually delivering well-being to people and society through our packaging
- Will continuously lead the industry by delivering “Regeneration” packaging
- To realize, Fuji Seal will continuously strive to create the new value packaging by accepting the change as a chance with our braveness
Our proactive impact to realize the Regenerative Society
- Company can not grow sustainably, unless the society is sustainable and regenerative
- Fuji Seal, as a packaging company, will proactively strive to realize the circular society
- As a part, Fuji Seal will shift 100% of turnover to "Regenerative Packaging" by 2025
- Fuji Seal will continuously create a safe and healthy environment for our employees and our partners who are our core of competence
Generate "Waku-Waku" - No growth without "Waku-Waku" -
- Growth of employees, Growth of partners, Understanding and empathy from stockholders, are essential to achieve the company's sustainable growth
- We, Fuji Seal will;
- encourage our employees to grow by providing opportunities to create and to meet new challenges with "Waku-Waku"
- create "Waku-Waku" joint solutions with customers and partners through fair relationships and mutual trust
- share our “Waku-Waku” with stockholders through open dialogue
FSG's Market Opportunities and Medium-Term Strategy
Social and Market Changes = Business Opportunities
- Environmental issues accelerate response needs
- Consumer lifestyle acceleration of diversity
- Expansion of consuming areas
FSG's Strengths
- Ability to respond flexibly and agilely with a local manufacturing and sales development system to meet the diverse packaging needs of customers who are leading the global market, and to deploy the technologies and experience cultivated in other regions
- Ability to respond and verify market demands and to provide QCD through the possession of integrated technology covering materials technology, production, customer applications, and after-sales service
- Strong relationships with innovative global customers cultivated through the above
Medium-term strategy
Accelerate overseas expansion of label business And profitability enhancement
Establish a leader position in environmentally conscious labels in shrink and PSL businesses
- Respond to high-mix, low-volume
- Global expansion of customers and response to local needs
- Value System Guarantee by combining packaging materials and machinery
Expansion of primary packaging
Create primary packaging that is friendly to people and the environment, and grow the pouch business into a second core business
- Reducing the volume of plastic containers and contributing to a circular society
- Creation of "easy-to-use, easy-to-store, disposable" pouch containers with spout
- Solving primary packaging problems resulting from diversification of lifestyles
Creating new businesses
Creating Third and Fourth core Businesses by Responding to Social challenges and Market Changes
- M&A, Develop packaging using new materials, promote recycling-oriented packaging, and create new business domains through alliances with partners, collaboration with startups, and aggressive investment
Net Sales and Operating Income Targets
| FY2020 Actual |
FY2023 Target |
|
|---|---|---|
| Net sales | 163.6 billion yen | 193.0 billion yen |
| Operating profits | 12.4 billion yen | 19.3 billion yen |
| USD | EUR |
|---|---|
| 105.00 | 125.00 |
- Average annual sales growth rate of 5.7% between fiscal 2020 and fiscal 2023
- Operating profit margin of 10.0% compared to net sales of 193 billion in fiscal 2023 due to an increase in the profit margin of each region
Sales Targets by Region and Business
| FY2023 Target (Billions of yen) |
By region | ||||
|---|---|---|---|---|---|
| Japan | Americas | Europe | ASEAN | Whole company | |
| Net sales CAGR |
101.0 +2.8% |
45.0 +7.8% |
34.0 +8.0% |
22.0 +10.9% |
193.0 +5.7% |
| Operating profits CAGR |
10.1 +7.4% |
5.4 +13.9% |
2.4 +105.8% |
1.5 +33.9% |
19.3 +15.8% |
| Operating profits margin Vs. FY20 |
10.0% +1.2%pt |
12.0% +1.8%pt |
7.0% +6.0%pt |
7.0% +3.0%pt |
10.0% +2.4%pt |
Operating Profit Margin and ROE Targets
| FY2020 Actual |
FY2023 Target |
|
|---|---|---|
| Operating profit margin | 7.6% | 10% |
| Shrink Business Operating profit margin |
--- | 15% |
| ROE | 8.3% | 10% |
- Accelerate overseas expansion and strengthen profitability of the labeling business
- Establishing a leader position in environmentally conscious labels in the Shrink and PSL Businesses -
Key KGI Targets
| FY2020 Actual |
FY2023 Target |
|
|---|---|---|
| Overseas Sales Ratio | 44% | 48% |
| Primary Packaging Sales Ratio |
16% 25.2 billion yen |
18% 34 billion yen |
| Net sales of new businesses | --- | 3 billion yen |
- Expansion of primary packaging
- Creating primary packaging that is friendly to people and the environment, grow the pouch business into a second core business -
- Creating new businesses
- By responding to social challenges and market changes, creating the third and fourth core businesses -