Medium-Term Management Plan

Toward the New 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 agile 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 -