New Medium-Term
Management Plan for
FY2023-FY2025
May 12, 2023
Basic Philosophy
Although global economic activities are returning to normalcy at an increasing rate of speed due to the implementation of policies formulated to facilitate pragmatic lifestyles during the COVID-19 era, economic conditions are expected to remain unpredictable due in part to geopolitical risks, high energy and resource prices, ongoing inflation, persistent economic friction between the US and China, and financial instability. Despite this uncertainty, Yamaichi Electronics does not expect circumstances to be entirely unfavorable, partly because many markets are growing and a large number of new products are being created.
During the period covered by the Medium-Term Management Plan, we will further deepen our application of growth strategies and structural reforms as we aim to grow as a company while continuing to meet the needs of our customers. At the same time, we will further strengthen our financial position and reinforce our management base to facilitate future growth as we strive to achieve our management goal of becoming a company with a strong vision for the future.
Under this Medium-Term Management Plan, we will aim to achieve net sales of over 50,000 million yen and operating income of more than 10,000 million yen in FY2025 as we strive to become a company that is always capable of adapting to ongoing change. Meanwhile, we will also concentrate on generating growth in priority markets and expanding our core businesses through proactive capital investment; team up with customers across the globe to create products that will lead humanity into the future; and strengthen sustainability management.
2/18
Basic Policy/Management Goals
Proceed even further with policies of our previous Medium-Term Management Plan
Basic policy
Management
goals
•
•
•
Create products that will for the future through
global collaboration with our customers
Grow into a company that provides products and
services that satisfy customers
For FY2025
Strengthen business competitiveness and achieve sustainable growth
Further raise productivity and establish a stable supply system Establish mutually beneficial relationships between people, organizations, and society
- Become a company with a strong vision for the future
3/18
Basic Strategy
Growth strategy: Develop and expand core businesses and venture into new business fields: growth markets/regions, active customers, and profitable products
- Concentrate on generating growth in priority markets and expanding our core businesses
- Create and serialize global niche top products
- Contribute to the resolution of social issues through business activities
Structural reforms: Become a corporate entity capable of
consistently adapting to ongoing change
- Strengthen our global management system
- Improve the sophistication and efficiency of global manufacturing
- Fortify global systems
4/18
Test Solutions Business Targets
Net | 30.0 | (Billions of JPY) | 26.3 | ||||||||||
sales | Net sales | 24.2 | 24.5 | ||||||||||
25.0 | Operating income | ||||||||||||
20.6 | 20.5 | ||||||||||||
20.0 | |||||||||||||
14.5 | |||||||||||||
15.0 | 11.4 | 12.1 | 12.0 | 11.1 | 11.8 | 13.1 | 6.9 | 7.0 | 5.0 | 6.5 | 7.6 | ||
10.0 | 3.5 | ||||||||||||
5.0 | 1.9 | 1.9 | 1.9 | 1.5 | 2.6 | ||||||||
1.1 | |||||||||||||
0.0 |
FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
actual | actual | actual | actual | actual | actual | actual | actual | actual | target | plan | plan |
- Growth strategy
20 Operating
income
15
10
5
0
Address next-generation semiconductor requirements through component production technologies that evolve in step with growth and evolution in the semiconductor market and an integrated in-house production system
- Burn-inmemory: We have achieved growth through products with PC/server-related applications and will keep pace with growth in the memory market and generational shifts associated with memory semiconductors moving forward.
- Burn-inlogic: Having generated growth through products with applications related to in-vehicle advanced driver-assistance systems (ADASs), we will push forward with an expansion of our selection of next- generation semiconductor-related products that support automatic driving and intelligent transportation systems, which are technologies for which markets are projected to grow as time progresses.
- Test socket: In the past, we have achieved growth through smartphone and PC-related products. In the future, we will aim to enter the testing market for next-generation logic semiconductors.
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Disclaimer
YAMAICHI Electronics Co. Ltd. published this content on 24 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2023 05:15:07 UTC.