Medium-Term Management Plan Grow UP 2023
- Grow UP 2023 Two Objectives and Strategies
- Objective 1 Shift to a Profit Structure Resilient to Environmental Changes
- Objective 2 Balance Social and Economic Value
- Grow UP 2023 Numerical Targets
Grow UP 2023 Two Objectives and Strategies
Under our new philosophy system, the “MGC Way,” the MGC Group will work to balance social and economic value, and to contribute to realizing a sustainable society.

Objective 1 Shift to a Profit Structure Resilient to Environmental Changes
We will pursue building business structure resilient to environmental changes by business portfolio reforms.

Objective 2 Balance Social and Economic Value
We will achieve sustainable growth through materiality management.
Solve Social Issues Through Business
Contribute to development of ICT/Mobility Society

Qualitative Targets
Contribute through business to ICT, AI, robotics, blockchain, CASE and other digital innovations, and work to enhance corporate value.
KPI Toward Fiscal 2030 Target
Sales from ICT/mobility applications
234.2 billion JPY

320.0 billion JPY
accelerate digital innovation
Solve Energy and Climate Change Problems

Qualitative Targets
Contribute to solving energy and climate change problems by participating in geothermal and LNG power generation, by developing products using CO2 and biomass as raw materials, and through products that contribute to the environment, and work to enhance corporate value.
KPI Toward Fiscal 2030 Target
Investment aimed at solving problems
(Three-year cumulative)
result
8.6 billion JPY

target
12.0 billion JPY
Solve Medical and Food Problems

Qualitative Targets
Contribute through business to QOL improvements, extended healthy life expectancy, anti-aging and reduction of food and beverage waste loss, and work to enhance corporate value.
KPI Toward Fiscal 2030 Target
Sales from medical and food applications
39.4 billion JPY

50.0 billion JPY
- Advances in preventive and predictive medicine, enhanced healthy life expectancy.
- Further advances in food storage technology.
Harmonize Shared-Value Creation with Environmental Protection
Air Quality Control

Qualitative Targets
Under the principles of sustainable development, corporations have a responsibility to take care that their business activities are in harmony with protection of the global environment.
KPI Toward Fiscal 2030 Target
GHG(Greenhouse Gas) emissions vs. fiscal 2013
23%
reduction


target
28%
reduction


target
36%
reduction
Renewable energy as a percentage of electric power purchased
result
0%


target
10%


target
50%
*Above for MGC on a stand-alone basis
Reduction of Industrial Waste
Qualitative Targets
Consider waste as useful material and energy resources, moving forward with efforts to make cyclical use of resources and reduce environmental impact, while promoting resource recycling.
KPI Toward Fiscal 2030 Target
Zero Waste Emission Rate*1
result
0.8%


target
0.3%
or lower


target
0.15% or lower
*Above for MGC on a stand-alone basis.
- *1 Final disposal of waste/waste generated
Strengthen Discipline and Foundation Supporting Business Activities
Cultivating a Corporate Culture of Job Satisfaction
Qualitative Targets
Create a highly productive organization by providing opportunities and an environment in which each employee can adapt to diverse, flexible styles of working while refining their own characters and abilities and developing their strengths.
KPI Toward Fiscal 2030 Target
Percentage Taking Fewer than 10 Days of Annual Paid Leave*1
7.8%


target
0%


target
0%
*Above for MGC on a stand-alone basis
- *1 For employees given 20 days of annual leave
Occupational Safety and Health / Process Safety and Disaster Prevention
Qualitative Targets
Safety is the foundation of business activities. Companies have a societal duty to ensure safety.
KPI Toward Fiscal 2030 Target
Serious Occupational Accidents*1
result
0


target
0


target
0
Serious Accidents*2
result
1


target
0


target
0
*Above for MGC on a stand-alone basis
- *1 Disability eligible for, or possibly eligible for disability compensation involving lost work accidents, fatal accidents and accidents resulting in permanent inability to work, and those involving four or more lost work days
- *2 Accidents and major workplace accidents which threaten third parties, including localized environmental pollution and accidents affecting local residents
Highly Energy- and Resource-efficient Production
Qualitative Targets
Harmonize business activity with environmental protection by reducing emissions intensity through ultra-stable operation of production equipment, utility production through the use of highly-efficient equipment, and process development and improvements.
KPI Toward Fiscal 2030 Target
GHG emissions intensity vs. fiscal 2013
result
14.6%
reduction


target
19.9%
reduction


target
28.0%
reduction
*Above for MGC on a stand-alone basis
Promotion of innovative R&D
Qualitative Targets
Engage in R&D aimed at the long-term goal of solving climate change problems through proprietary technology and collaboration via open innovation.
KPI Toward Fiscal 2030 Target
R&D investments devoted to solving climate change problems*1
result
3.8% of R&D expenditures


target
5%
or more
of R&D expenditures


target
7%
or more
of R&D expenditures
*Above for MGC on a stand-alone basis
- *1 R&D investments in basic research, pilot plants, proof-of-concept testing, etc.
Grow UP 2023 Numerical Targets
Fiscal 2020 result | Fiscal 2030 Target | change | |
---|---|---|---|
Sales (billion JPY) | 595.7 | 730 | +134.3 |
Operating Income (billion JPY) | 44.5 | 70 | +25.5 |
Ordinary Income (billion JPY) | 50.2 | 80 | +29.8 |
ROIC* (%) | 7.7 | 10% or more | +2.3pp |
ROE (%) | 7.1 | 9% or more | +1.9pp |
*ROIC=Ordinary Income/Invested Capital