UBE Group launches "UBE Vision 2030" second stage plan

Ube Industries (TSE:4208) today announced the launch of "UBE Vision 2030 Transformation – 2nd Stage," a six-year medium-term management plan aimed at evolving the group into a specialty chemicals company by 2030. The plan sets FY2030 targets of JPY 550.0 billion in net sales, JPY 60.0 billion in operating profit, and a 9% return on equity (ROE). Longer-term FY2035-FY2040 targets include JPY 1 trillion in net sales and JPY 100.0 billion in operating profit with an ROE of 10% or higher. To achieve this, UBE will focus on expanding specialty businesses through organic growth and strategic M&A, while restructuring its portfolio, including exiting commodity chemical production and shifting towards digital transformation. UBE plans to establish a new base in the Americas, creating a four-base global structure.