TOKYO, June 11, 2021 /PRNewswire/ — In the three months ended March 31, 2021, net sales increased while profit declined. Meanwhile, the Company has formulated its new medium-term management plan, “PROTECT × CHANGE” and is proceeding with its corporate mission of “Protecting the environment and changing the future.”
Summary of Results
The business environment surrounding the Company remained sluggish during the three months ended March 31, 2021 due to impact from the COVID-19 pandemic.
Under these circumstances, in February 2021, the Company formulated “PROTECT × CHANGE,” a new medium-term management plan extending from the fiscal year ending December 31, 2021 through the fiscal year ending December 31, 2023. The plan’s title, which simultaneously functions as the Company’s corporate slogan, also represents the plan’s main theme. All Group employees will freshly refamiliarize themselves with, and strive to embody, this theme and corporate slogan as the Group advances its corporate mission of “protecting the environment and changing the future” on a unified front.
In formulating this new medium-term management plan, the Company has only calculated quantitative targets on a year-by-year basis due to impact from the COVID-19 pandemic. Meanwhile, the qualitative targets of the plan follow those of the Company’s previous medium-term management plan and continue