This website uses cookies. Using this site will signify that you agree with all terms of our Privacy Policy.close

Medium-Term Management Plan  Grow UP 2023

Print

Font Size
  • Normal
  • Larger

We will work to contribute to realizing a sustainable society.

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
Fiscal 2020 result
234.2 billion JPY
Fiscal 2023 target
320.0 billion JPY
Fiscal 2030 targetCreate new businesses that
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)
Fiscal 2018-2020
result
8.6 billion JPY
Fiscal 2021-2023
target
12.0 billion JPY
Fiscal 2030 targetCommercialization of carbon-negative technology

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
Fiscal 2020 result
39.4 billion JPY
Fiscal 2023 target
50.0 billion JPY
Fiscal 2030 target
  • 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
Fiscal 2019 result
23%
reduction
Fiscal 2023
target
28%
reduction
Fiscal 2030
target
36%
reduction
Renewable energy as a percentage of electric power purchased
Fiscal 2019
result
0%
Fiscal 2023
target
10%
Fiscal 2030
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
Fiscal 2019
result
0.8%
Fiscal 2023
target
0.3%
or lower
Fiscal 2030
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
Fiscal 2018 result
7.8%
Fiscal 2023
target
0%
Fiscal 2030
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 philosophy: “Safety is the base of our business activity and ensuring safety is our duty to society”

KPI Toward Fiscal 2030 Target
Serious Occupational Accidents*1
Fiscal 2019
result
0
Fiscal 2023
target
0
Fiscal 2030
target
0
Serious Accidents*2
Fiscal 2019
result
1
Fiscal 2023
target
0
Fiscal 2030
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
Fiscal 2019
result
14.6%
reduction
Fiscal 2023
target
19.9%
reduction
Fiscal 2030
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
Fiscal 2019
result
3.8% of R&D expenditures
Fiscal 2023
target
5%
or more
of R&D expenditures
Fiscal 2030
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