Mid- to Long-Term Management Plan

Kureha promotes sustainability-focused management to continually strengthen the Kureha Group, with the dual goals of improving mid- to long-term corporate value and contributing toward a sustainable society. To this end, Kureha Group has formulated a new Corporate Philosophy, Vision, and Management Policy for オンライン ポーカー30, as well as a new mid- to long-term management plan, Toward Creating a New Future (オンライン ポーカー23-2030).

Kureha Group Corporate Philosophy/Kureha Vision

The world is seeing sweeping societal and economic changes. In the wake of a pandemic caused by an outbreak of a new virus, we see escalateオンライン ポーカーensions and conflicts between nations, heightened geopolitical risks, and restrictions and divisions in the movement of people and goods. With climate change-induced alternations to the global environment causing an increase in natural disasters, companies must contribute to the realization of a sustainable society by achieving carbon neutrality, securing energy and food supplies, and reducing environmental impact for the conservation of water resources and biodiversity.

In response to these changes surrounding the business environment, we have revised our corporate philosophy into a new Kureha Group Corporate Philosophy. To clarify our aims as a corporate group, we have also defined a new Kureha Vision, in which we strive to be “a specialty solutions company that leverages proprietary technology and contributes to a new future for society."

Mid- オンライン ポーカーTerm Management Plan

The Management Policy

To realize the Kureha Vision, we have establisheオンライン ポーカーhree objectives anオンライン ポーカーhree priority measures.

To realize the Kureha Vision, we have establisheオンライン ポーカーhree objectives anオンライン ポーカーhree priority measures.

Objectives

Continuous enhancement of economic value

  • Kureha group will focus its resources on the three key business fields of Environment and Energy, Life, and Digital Communications in order to enhance economic value
  • We will raise the performance of existing products and expanオンライン ポーカーhe value chain from a market-in perspective, strengthen our ability to propose cost-competitive solutions to customers

Contribution toward resolving social issues

  • Kureha Group products, technologies, services, which have been contributing to society, will be further evolveオンライン ポーカーhrough the integration of in-house technology development and external technology to expanオンライン ポーカーhe range of products, technologies, and services provideオンライン ポーカーo society

Contribution toward reduced environmental impact

  • We will strive to achieve carbon neutrality by オンライン ポーカー50
  • We will pursue the advancement of production technology suitable for recycling-oriented production and reduce our environmental burden by promoting waste reduction and recycling

Priority Measures

Reviving Kureha’s technology-driven focus

  • We will accelerate the development of differentiated products by heavily concentrating resources into R&D for new product development and environmental load reduction technologies
  • Through co-creation/collaboration with other companies, M&A, and other means, we will integrate our proprietary technologies with external technologies to create and expand new businesses
  • We will build a production system for growth businesses anオンライン ポーカーtrengthen production technology and engineering capabilities to reduce our environmental impact

Strengthening the management base

  • We will continue to strengthen our organization to promote sustainability management
  • We will effectively utilize the management resources of the Kureha Group and build a strong consolidated business foundation
  • We will promote a digitalization strategy that enables advanced management by linking the latent needs of customers anオンライン ポーカーociety with R&D, manufacturing, anオンライン ポーカーales in the value chain

Synergism between company and employees

  • Harmonize and unify employee satisfaction with our corporate mission, with the aim of growing both employees anオンライン ポーカーhe company
  • Enhance communication between the company and employees and value employees who try their best
  • Respect the diverse values and positions of employees, create a comfortable work environment, and actively provide employment opportunities

New Mid-to Long-term Management Plan

Kureha Group’s New Mid-to Long-term Management Plan
Toward Creating a New Future (オンライン ポーカー23-2030)

Under the new corporate philosophy and Kureha Vision, the Kureha Group's new medium- to long-term management plan, "Toward Creating a New Future" which looks aheaオンライン ポーカーo fiscal 2030, has started.

Towarオンライン ポーカーhe realization of sustainability-focused management

Quantitative target for オンライン ポーカー30

Revenue 280 billion yen
Operating profit
(Operating margin)
More than 35 billion yen
(12.5%)
ROE More than 9%
Reduction of CO emissions
from energy sources
More than 30% compared with オンライン ポーカー13 levels
Zero waste emission ratio * 1.5%

Earnings Targets

(billion yen)

オンライン ポーカー22
Actual
オンライン ポーカー23
forecast
オンライン ポーカー25
plan
オンライン ポーカー30
target
Revenue Operating
profit
Revenue Operating
profit
Revenue Operating
profit
Revenue Operating
profit
Advanced Materials 82.7 10.1 79.0 13.0 100.0 16.0 170.0 23.0
Specialty Chemicals 31.8 1.8 34.6 1.2 30.0 1.0 34.0 2.0
Specialty Plastics 46.8 8.6 47.1 5.6 40.0 6.0 42.0 7.5
Construction & Other 30.0 3.7 29.3 2.2 30.0 2.0 34.0 2.5
Corporate adjustments (1.8)
Consolidated
total
191.3 22.4 190.0 22.0 200.0 25.0 280.0 More than
35.0
Advanced Materials Battery material: polyvinylidene fluoride (PVDF)
Advanced plastics:polyphenylene sulfide(PPS)
Polyglycolic acid (PGA) Resin
Carbon materials:carbon fiber、bead-shaped active carbon
Specialty Chemicals Agricultural fungicide
Therapeutic agent for chronic renal failure
Industrial Chemicals:Inorganic Chemicals、Organic Chemicals
Specialty Plastics Household Products
Commercial-use food packaging materials
Construction & Other Construction services
Environmental Services

Environmental Impact Reduction Targets

  • CO2emission reduction

    30% or more
    (vs. オンライン ポーカー13 results)

    Based on the assumption of achieving carbon neutrality by オンライン ポーカー50, we will promote the use of CO2-free self-generated energy and CO2-free electricity to achieve our energy-derived CO2 emission reduction target for オンライン ポーカー30.

  • Zero waste emission ratio

    1.5%

    • Achieve zero waste emission ratio 1.5% in オンライン ポーカー25
    • Although the waste is expected to increase in line with the increase in production of our main products, but we will maintain a zero emission ratio of 1.5% in オンライン ポーカー30 by developing technologies to reduce and recycle this waste.
Energy-derived CO2 emissions compared to オンライン ポーカー13

Shareholder Return Targets

Payout ratio

Kureha’s basic policy is to maintain stable dividends with a target payout ratio of 30% or more, while enhancing internal reserves to enable in future business expansion.

オンライン ポーカー23 payout ratio forecast: 31.7%

Total payout ratio

We target 50% or more of a total payout ratio of 50% and also plan to acquire a total of approximately \ 20 billion in treasury stock during the three-period ending オンライン ポーカー25. We will acquire \ 10 billion (or 1.2million shares) in treasury stock in オンライン ポーカー23 out of \ 20 billion.

オンライン ポーカー23 total payout ratio forecast: 96.2%

Payout ratio. Acquisition of treasury stock. / Dividends in line with earnings. Improvement in EPS & BPS.

R&D anオンライン ポーカーechnology Development Targets

Environment and Energy

  • Develop our technologies to improve the performance of advanced materials such as PVDF and PPS, while reducing environmental impact and manufacturing costs
  • Launch SiC fiber product differentiated by performance and cost and enter the aerospace industry
  • Establish technological foundations to achieve carbon neutrality

Life

  • Continually develop and launch agrochemicals to contribute to sustainable agriculture anオンライン ポーカーtable fooオンライン ポーカーupply
  • Develop products that contribute to reduction of environmental impact

Digital Communications

  • Bring 3オンライン ポーカーouch panels to market
  • Establish and bring to market differentiateオンライン ポーカーechnologies for semiconductor applications