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On Jun.12th, CEO Mr. Noboru Goto announced in his CEO message that the Polyplastics Group's"Budgets and Targets for Year 2012" was fixed.
Surrounded by the economic environment in a very difficult situation, we have established goals for 2012 in order to achieve the 2013's target set in the mid-term business plan, and have set targets aligned with priority issues associated with predictions concerning the economic environment.
Ⅰ The achievement of our 2012’s budget and acquisition of an additional profit
[Priority issues]
| 1) |
To seek and execute "Cost Down Items" persistently throughout every department and each production equipment. |
| 2) |
To shorten the amount of time that a customer approves our new product. |
| 3) |
Flexible and quick decision making to cope with the global economy fluctuation. |
| 4) |
To establish and maintain accident-less operation in manufacturing and to prevent very severe compliant on product quality from occurrence. |
Ⅱ Promotion of basic cooperate strategy in order to realize the targets 2013 of mid-term business plan.
[Priority issues]
| 1) |
To reconstruct a scenario for growing in accordance with changes in LCP business environment. |
| 2) |
To strengthen the relationship with Korean customers and to expand a sales network in Korea based in Polyplastics Korea Ltd. |
| 3) |
Proposal of mid-term supply strategy to ensure our supply capability of PPS resin. |
| 4) |
Acceleration of sales and development of COC business to move it into the cash breakeven in 2013. |
| 5) |
Purchasing strategy of main raw materials (Global purchase strategy to secure adequate supply and to purchase raw materials with lower price). |
| 6) |
Consolidation of Polyplastics group management system.
• Internal Control
• Business ethics
• Partnerships in Polyplastics Group |
| 7) |
To exploit new markets and new items based on thorough implementation of Polyplastics-Way. |
[Budgets for Year 2012]
|
2010 (Actual) |
2011 (Forecast) |
2012 (Budget) |
Net sales |
103,163 |
98,910 |
108,308 |
Gross profit on sales |
27,861 |
22,901 |
25,271 |
Direct sales and SAR |
14,847 |
14,872 |
15,699 |
Operating income |
13,013 |
8,028 |
9,572 |
% on Sales |
12.6% |
8.1% |
8.8% |
Net income |
10,407 |
3,960 |
4,995 |
This year marks the 50th anniversary of the foundation of our company. By demonstrating the best teamwork of all employees of the Polyplastics Group, let’s overcome the challenges ahead of us and make this memorable year a wonderful one that serves as a stepping stone toward a significant leap forward. |
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