Management Plan

Vision for 2025: "FURUKAWA Power & Passion 150"

"Become a corporate group that leverages its reputation for category leadership and uniqueness to deliver growth."
- Targeting consolidated annual operating income regularly in excess of ¥15 billion as we approach our 150th anniversary in fiscal 2025. -

Management & Financial Indicators
(Base year for comparison)
FY2019 FY2022 FY2025
Management Indicator Operating Income ¥6.5 billion ¥8.6 billion ¥9 billion Approx. ¥13 billion
ROE 5.9% 5.8% 6.2% Approx. 8%
Financial Indicator Debt / Equity ratio 0.9 times 0.9 times 0.6 times 0.5 times range
debt-to-EBITDA ratio
7.6 times 5.7 times 4.8 times 3 times range
Issuers rating BBB
A- or higher
(Japanese rating firm)
(*) Debt / Equity ratio = Interest-bearing debt (Term end) / Equity (Term end)
(*) Interest-bearing debt-to-EBITDA ratio = Interest-bearing debt (Term end) / (Operating income + Depreciation and amortization)

Medium-Term Business Plan 2025(FY2023~FY2025)

Medium-Term Business Policy 2022(FY2020~FY2022)

Medium-Term Business Plan 2019(FY2017~FY2019)

  • *This is a notification dated June 29, 2017 that the term "annual cash dividends of ¥5.00 per share" in "Medium-Term Business Plan 2019" announced on May 24, 2017 shall be deemed to be replaced with "annual cash dividends of ¥50.00 per share", due to the implementation of a 1-for-10 reverse stock split effective on October 1, 2017.