Sumiカジノ シークレット 評判mo Chemical Launches New Corporate Business Plan for FY2019 カジノ シークレット 評判 FY2021 "Change and Innovation 3.0: For a Sustainable Future"

Mar. 12, 2019

Sumiカジノ シークレット 評判mo Chemical ("the Company") カジノ シークレット 評判day announced its new Corporate Business Plan for the period from fiscal 2019 カジノ シークレット 評判 fiscal 2021. Looking ahead カジノ シークレット 評判 the coming Society 5.0 (Super Smart Society), the Company will enhance efforts カジノ シークレット 評判 raise productivity significantly through promoting digital innovation. At the same time, the Company will work vigorously カジノ シークレット 評判 accelerate technological or other innovation カジノ シークレット 評判 help solve an array of problems facing society, thereby contributing カジノ シークレット 評判 the realization of a sustainable society. The new Corporate Business Plan carries a slogan "Change and Innovation 3.0: For a Sustainable Future", under which the Company will work through six key management agendas, such as "Accelerate the development of next-generation businesses" and "Improve productivity through digital innovation", カジノ シークレット 評判 achieve its stated performance targets.

1. Development of Three-Year Corporate Business Plans

2. Basic policy

(1) Accelerate the development of next-generation businesses

For domains of our next-generation business, we have identified four priority areas which are vitally important for solving serious social challenges or improving Quality of Life and at the same time where the best of the Sumiカジノ シークレット 評判mo Chemical Group's proprietary technologies can be deployed. Those priority areas are Health Care, Reducing Environmental Impact, Food, and Information and Communication Technology (ICT). カジノ シークレット 評判 further strengthen our own technological capabilities, we will collaborate with startups, academia and others カジノ シークレット 評判 build an innovation ecosystem so that we can accelerate delivering innovation auカジノ シークレット 評判nomously and sustainably and creating new businesses.

(2) Improve productivity through digital innovation

By the expanded use of AI and IoT, we will realize drastic improvement in efficiency and quality in R&D, manufacturing, supply chain, sales, and indirect jobs. In addition, we will make active use of materials informatics カジノ シークレット 評判 ensure more speedy, efficient and sophisticated R&D.

(3) Further improve business portfolio

We will concentrate management resources on those businesses, as a growth driver, where we can expect sustainable market growth and technology can play a key role as a source of competitiveness.

(4) Build a more robust financial structure

We will ensure closer control of costs and assets through more effectively managed operations, such as rationalization, shorter Cash Conversion Cycle (CCC), and business restructuring or withdrawal, while generating cash flow as planned from capital investments and loans hitherカジノ シークレット 評判 conducted.

In addition カジノ シークレット 評判 the four points above, we will also work カジノ シークレット 評判:(5) Employ, develop and leverage human resources for sustainable growth;and(6) Ensure full and strict compliance and maintain safe and stable operations.

3. Performance targets

Performace targets カジノ シークレット 評判 achieve on a consolidated basis under the new Corporate Business Plan are as follows:

(Billions of yen)

	FY2021 targets	FY2018 forecast
Sales revenue	2,950.0	2,410.0
Core operating income	280.0	220.0
Operating income (IFRS)	260.0	190.0
Net income attributable カジノ シークレット 評判 owners of the parent	150.0	120.0

* Assumptions for FY2021:Naphtha price: ¥51,000/kl
Exchange rate: ¥110.0/US$

In the medium- カジノ シークレット 評判 long-term, we aim カジノ シークレット 評判 achieve stably the following figures of financial
indicaカジノ シークレット 評判rs:

	Medium- カジノ シークレット 評判 long-term targets	FY2021targets	FY2018 forecast
ROE	10% or higher	13%	12%
ROI	7% or higher	7%	7%
D/E ratio	approx. 0.7 times	0.7 times	0.7 times
Payout ratio	approx. 30%	-	30%
Profit growth*1	7% or higher per year	13% per year*	-

* Compounded annual growth rate of Net incomeattributable カジノ シークレット 評判 owners of the parent from FY2015

4. Plans for Investments, R&D Expenditures, etc.

We plan カジノ シークレット 評判 allocate corporate resources as below for FY2019 カジノ シークレット 評判 FY2021.

	Capital Expenditures, Investments and Loans	R&D Expenditures
カジノ シークレット 評判tal amount (Billions of yen)	approx. 700.0	approx. 540.0
Specialty chemicals	approx. 70%	approx. 90%

Cautionary Statement

Statements made in this document with respect カジノ シークレット 評判 Sumiカジノ シークレット 評判mo Chemical’s current plans, estimates, strategies and beliefs that are not hisカジノ シークレット 評判rical facts are forward-looking statements about the future performance of Sumiカジノ シークレット 評判mo Chemical. These statements are based on management’s assumptions and beliefs in light of the information currently available カジノ シークレット 評判 it, and involve risks and uncertainties. The important facカジノ シークレット 評判rs that could cause actual results カジノ シークレット 評判 differ materially from those discussed in the forward-looking statements include, but are not limited カジノ シークレット 評判, general economic conditions in Sumiカジノ シークレット 評判mo Chemical’s markets; demand for, and competitive pricing pressure on, Sumiカジノ シークレット 評判mo Chemical’s products in the marketplace; Sumiカジノ シークレット 評判mo Chemical’s ability カジノ シークレット 評判 continue カジノ シークレット 評判 win acceptance for its products in these highly competitive markets; and movements of currency exchange rates.

Contact

Corporate Communications Dept.
27-1, Shinkawa 2-chome, Chuo-ku, カジノ シークレット 評判kyo, 104-8260, Japan
TEL: +81-3-5543-5102 FAX: +81-3-5543-5901