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June 15, 2010

    

Metal One Group's Third Mid-term Consolidated Management Plan (FY20092011)

 
Metal One Corporation (headquartered in Minato-ku, Tokyo; President: Naoto Matsuoka) has completed work on its third Mid-term Consolidated Management Plan (for fiscal 2009–2011) on June 10. An overview follows below.
 
1. Background

Management Policy 2011, Metal One's basic guidelines on the third Mid-term Consolidated Management Plan, was drafted last fiscal year, but the company postponed setting quantitative targets mainly because the prospects of the real economy were extremely vague.

Although there are still some aspects of the operating environment that are unclear, quantitative targets have recently been set for the two-year period from FY2010 to FY2011 and are being released as the third Mid-term Consolidated Management Plan.
 

2. Quantitative Targets (Consolidated)

Predicting domestic and overseas demand and bearing in mind the effects of the company's survival strategies, Metal One has decided on ¥18 billion in net income for FY2010 and ¥26 billion for FY2011.
(Unit: ¥ billion)
 
Sales Ordinary Income Net Income
FY2009 announced
2,109
13.9
10.5
FY2010 target
2,600
40.0
18.0
FY2011 target
2,800
49.0
26.0
 

3. Strategies to Achieve Targets

Metal One will focus the entire Group's strengths on steadily implementing survival and growth strategies based on its two main management pillars, i.e., Value Model development and co-creating group management.

Survival strategies are meant to improve the profitability of Metal One, including Group companies, and ensure profit foundations by strengthening the Group's sales capabilities while making it possible to adapt to environmental changes by revising the corporate cost structure. Our intention is to then shift the surplus capabilities that cost structure revisions will yield to growth strategies.

Growth strategies will begin with efforts to restructure the company's existing core businesses by reorganizing existing operations, such as construction steel businesses and steel service centers. Additionally, looking ahead three to five years, Metal One will study and carry out the development of new operations in ASEAN member countries, North America, Brazil, and India to capture growing demand overseas. Efforts will also be devoted to creating new businesses by launching operations in renewable energy business sectors.

Finally, Metal One intends to invest approximately ¥12 billion (in terms of assets) in new growth sectors during the aforementioned two-year period.
 
 
 
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