IK VISION2030
The Ichikawa Group has established a clear vision for where it should be in 2030, based on our management philosophy and policies and taking into account global megatrends and the situation at our business partners. To achieve this vision, we formulate and promote a medium-term management plan every three years.
Financial Target
|
Consolidated net sales |
Consolidated operating margin |
| “NE-24” |
12 billion yen or more |
5% or more |
| “NE-27” |
13.5 billion yen or more |
6% or more |
| “NE-30” |
15 billion yen or more |
7% or more |
*Calculated at exchange rates of 107 yen to the dollar and 125 yen to the euro
Growth Strategy
| Domestic |
Stable revenue base |
- Secure profits and expand market share despite declining demand
- Develop environmentally friendly products
|
| Overseas |
Expand revenue |
- Achieve manufacturing costs that enable global sales expansion
- Build a low-cost structure to cope with rising raw material and fuel costs
|
| Industrial Products and Others |
Take on new business areas |
- Expand industrial business
- Explore the establishment of new businesses as a second pillar
|
Target Business Portfolio (Sales Composition)
Domestic
Targets
Maintain net sales and further expand market share as a cash cow business
Issues
- Decrease in paper production volume, which affects the usage rate of our products
- Entry of low-priced products from overseas competitors into the Japanese market
Initiatives and Progress
| Product price revisions |
Implemented price revisions for some products to absorb rising manufacturing costs due to soaring raw material prices |
| Enhance solution provision capabilities |
Proposing optimal operations and “thinking of, developing, and providing” products that customers need
→Effective results for customers in the household paper market. Aiming for further expansion. |
| New product introduction |
Expanding the lineup of products to expand sales (e.g., developing products that contribute to energy and labor savings) |
Overseas
Targets
Increase global felt market share from 4% to 10% (fiscal 2030 target)
Issues
- Difficult to secure profits in overseas markets due to low unit prices (domestic unit prices in Japan are higher due to higher quality requirements)
- High transportation costs as all products must be exported from Japan
Initiatives and Progress
| Achieve manufacturing costs that enable global sales expansion |
- Improving quality and reducing manufacturing costs by switching to global standard manufacturing methods and designs
- Reviewing manufacturing processes for products destined for overseas markets
|
| Clarify targets for market share expansion |
- Type: Household paper market, where Ichikawa’s quality and reliability are its strengths and future demand growth is expected
- Region: Focusing on the Asian market, where capital investment is robust
|
Industrial Products and Others
Targets
Expand industrial business and take on new areas, aiming for 20% of consolidated sales (by fiscal 2030)
Issues
- Strengthening of efforts to apply existing technologies and combine different materials
- Enhancing activities to collect technical information on various cutting-edge fields
Initiatives and Progress
| Entry into new fields and market development |
- Developing and manufacturing cushioning materials for cutting-edge printed circuit boards used in EV and 5G-related products (improving heat resistance buffering and smoothness during high-temperature processing)
- Developing and manufacturing SDGs-compliant products, such as fluorine alternatives (PFAS regulation)
|
| Uncover market needs |
Expanding information networks and strengthening relationships with external organizations in other industries and business categories |