Targets 930 billion yen net sales and 120 billion yen operating income in the 1st phase (FY 2024)
OMRON has announced its new long-term vision for fiscal 2030 and a three-year medium-term management plan, with the objective to strengthen the pace and extent of worldwide sustainable development. The vision strives to solve more diverse social issues through OMRON’s Sensing & Control + think technologies.
Named by OMRON President and CEO Yoshihito Yamada as “Shaping the Future 2030 (SF2030)”, the vision is an extension of the organization’s renowned corporate principles-based management philosophy that underscores OMRON's desire to shape a sustainable society by continuously creating social and corporate value from the integration of business growth and sustainability.
Since its inception in 1933, OMRON has contributed towards the creation of a better society through industrial automation, healthcare and social systems solutions. Envisioning that the upcoming decade is going to indicate the advent of ‘autonomous society’* and unfold many more diverse & complex social issues, SF2030 enumerates the ways to maximise human capabilities through people-oriented automation technologies. This encompasses creation of stronger relationships between humans and machines which is key to bring out the best in people by helping them to solve issues. This will in turn drive the company to create newer corporate and social values.
“Though we have been able to bolster our profitability, our responsiveness to change, implementation of sustainability management and our corporate value through reinforced corporate governance and risk management, the socioeconomic system remains dynamic. We aim to create strong autonomous growth and further evolve our corporate management to ensure sustainable business growth,” adds Mr Yamada.
“The transition will be accompanied with disruptions in the social systems led by many factors such as climate change, aging population, and growing economic disparity among individuals, to name just a few. This scenario will give rise to new and complex social issues which will need newer tech-enabled and sustainable solutions. And this is where we aim to enhance our contribution. If we do so, we will create more social value.”
The three social issues that OMRON has identified as relevant in SF2030 are carbon neutrality, realisation of a digital society, and extension of healthy life expectancies.
The company aims to see net sales of 930.0 billion yen and operating income of 120.0 billion yen in three-year medium-term from 2022-2024 in the 1st phase of SF2030 management plan – by pursuing the following business directions for the identified social issues:
Along with financial milestones, the company has also enlisted 10+1 non-financial targets as part of its management goal. To support these ambitious directions, OMRON aims to bring in strong transformations in its corporate management and organizational capabilities too. Here is a low-down of the key initiatives:
“With SF2030, our aim is to shape a better society that people can always depend on. An organisation that continues to live up to the high expectations of people from around the world,” sums up Mr Yamada.
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