Apr. 27, 2011
Takara Holdings Inc.
Takara Holdings Prepares TaKaRa Group Medium-Term Management Plan FY2014
Takara Holdings Inc. (president: Hisashi Ohmiya) prepared the Takara Group Medium-Term Management Plan FY2014 (hereinafter, "the Plan"), a medium-term management plan covering three years through fiscal 2014, the year ending March 2014. The Company views the Plan as the first step toward realizing the Takara Group Vision 2020, a previously prepared long-term management vision covering ten years from April 2011.
The plan's basic policy is to achieve stable growth in Japan while expanding the Company's business base in order to grow significantly overseas. This is the first time that the Company has set out a target for overseas sales as a percentage of net sales.
The Group is likely to face increasingly tough conditions as population decline and deindustrialization shrink Japan's consumer market; the economy experiences a prolonged recession; and advances in biotechnology lead to fiercer technology-development competition. On the other hand, the Group has many opportunities for growth. In Japan, these include a growing market for the elderly as the aging of society accelerates as well as a growing market for prepared food products stemming from an expansion in the market for meals not prepared at home and an increase in single-portion meals. Overseas, the markets for Japanese food products as well as biomedical- and biotechnology-related markets are expanding thanks to growing health awareness and advances in medicine in developed countries together with economic growth and higher incomes in emerging countries.
Aiming to achieve sustained growth for the Group amid these conditions, the Company set out as a target establishing a balanced business structure that is readily adaptable to changing conditions in the Takara Group Vision 2020. And, the Company prepared the Plan as the first step in efforts to realize this vision.
Under the Plan, the basic policy is to achieve stable growth in Japan while expanding the Company's business base in order to grow significantly overseas. The Plan's tangible goals are: net sales of at least ¥200 billion, operating income of at least ¥10 billion, and overseas sales accounting for at least 10% of net sales.
* For further information, please see this page (Medium-Term Management Plan).
The plan's basic policy is to achieve stable growth in Japan while expanding the Company's business base in order to grow significantly overseas. This is the first time that the Company has set out a target for overseas sales as a percentage of net sales.
The Group is likely to face increasingly tough conditions as population decline and deindustrialization shrink Japan's consumer market; the economy experiences a prolonged recession; and advances in biotechnology lead to fiercer technology-development competition. On the other hand, the Group has many opportunities for growth. In Japan, these include a growing market for the elderly as the aging of society accelerates as well as a growing market for prepared food products stemming from an expansion in the market for meals not prepared at home and an increase in single-portion meals. Overseas, the markets for Japanese food products as well as biomedical- and biotechnology-related markets are expanding thanks to growing health awareness and advances in medicine in developed countries together with economic growth and higher incomes in emerging countries.
Aiming to achieve sustained growth for the Group amid these conditions, the Company set out as a target establishing a balanced business structure that is readily adaptable to changing conditions in the Takara Group Vision 2020. And, the Company prepared the Plan as the first step in efforts to realize this vision.
Under the Plan, the basic policy is to achieve stable growth in Japan while expanding the Company's business base in order to grow significantly overseas. The Plan's tangible goals are: net sales of at least ¥200 billion, operating income of at least ¥10 billion, and overseas sales accounting for at least 10% of net sales.
* For further information, please see this page (Medium-Term Management Plan).
