We have formulated a three-year medium-term management plan, with 2022 as the first year, aimed at achieving the MEC 2030 Vision.
MEC’s 2030 Vision
We will expand our business, human resources, and ESG to realize the desired state we seek to achieve by 2030.
We will steadily advance three three-year medium-term management plans to achieve sustained growth and optimize corporate value.
| Social issues |
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Corporate Image to be Achieved
We aim to solve our customers’ issues with our unique visionary technology and to create a future in which we and our customers generate profits and the entire industry advances, thereby bringing sustainable prosperity to society. In addition, we will create new value by combining visionary technology with AI. That’s our growth strategy. To this end, we plan to invest approximately 10% of our consolidated net sales in research and development every year.
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Become a truly global company
that creates new value with visionary technology -
Continue to be an R&D-based company
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Present an image as a visionary AI company
Our Business Model
The following is our business model to be a company that grows continuously.
As an R&D-oriented company, we will continue to supply valuable products to customers and contribute to society.
Quantitative Targets Index
We believe these are the minimum numbers we should maintain. We will work to increase operating margin and ROE in order to boost capital efficiency. We will strengthen our business structure and review our portfolio to ensure that we do not fall below the targets even with a temporary recession or economic slowdown. We will recognize that an operating margin of 20% or higher and ROE of 10% or higher are the minimum targets and work to achieve them.
2024 quantitative targets (consolidated)
| Operating margin | At least 20％ |
|---|---|
| ROE | At least 10％ |
Capital Policy
We will invest approximately 10% of our consolidated net sales in research and development every year. It is a source of value for the Company and we will continue to invest upfront. Capital investment will be about 5 billion yen in total over the next three years. This figure includes investments in a new production plant in Japan scheduled to start operation in 2025. In terms of shareholder returns, we will pay a stable dividend with a consolidated payout ratio of 30% in mind. While maintaining an operating margin of 20% or higher and ROE of 10% or higher, we intend to make investments when opportunities arise.
| Investment in research and development | Approximately 10％ of consolidated sales every year |
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| Capital investment | Approximately 5billion yen over three years |
| Shareholder returns |
Maintain and increase the annual dividend per share Consolidated payout ratio target: 30% Flexibly implement share buybacks according to the circumstances |
