Mid-term Management Plan

Nitto Beyond 2023 Concept

The mid-term management plan “Nitto Beyond 2023” lays out a long-term vision for 2030 and establishes an action plan to achieve the first three years of it.

“Nitto Beyond 2023” aims to build a resilient corporate structure immune to external environments. In order to achieve this, the plan establishes three key factors: “Promoting ESG Management,” “Speeding up Innovation,” and “Strengthening Management Infrastructure”. We aim to make further progress by putting our commitment to sustainability into practice and contributing even more to the healthy lives of people and a sustainable global environment.

In terms of financial targets, we are aiming for a record high of JPY 920 billion in revenue and JPY 140 billion in operating income by FY2023.

In terms of non-financial targets, we will maintain the ratio of new products, which is the source of Nitto’s competitive strength, reduce CO2 emissions in anticipation of a carbon-free society, and promote an increase in the percentage of women in management positions as a form of diversity.

We will aim to improve the business composition ratio of Industrial Tape and Human Life, in order to achieve a balanced business composition.
※The business portfolio is based on the segments disclosed in the Annual Securities Report.

Based on our FY2020 revenue, we will aim to achieve revenue growth of JPY 160 billion over three years by promoting organic growth with existing businesses and inorganic growth through M&A and other means.

“Information Interface,” “Next-generation Mobility,” and “Life Science” have been established as Nitto’s three focus domains in the previous Mid-term Management Plan 'Jitsugen-2020'.
We will aim for business growth in these domains by quickly responding to market needs and introducing new products at an early stage that take advantage of Nitto's strengths. We have redefined the “Life Science” domain as “Human Life.” In addition to the conventional contributions of pharmaceuticals and medical parts, we will accelerate the development of products that contribute to coexistence with the global environment and to people's healthy and comfortable lifestyles.