Tokai Rika unveils "TRV 2030" mid-term plan targeting growth
Tokai Rika (TSE:6995) today announced its "TRV 2030" mid-term business plan, building on the success of its prior initiatives that achieved FY2025 targets one year ahead of schedule. The plan outlines strategies to achieve sustainable growth and improved profitability through fiscal year 2030. The company intends to continue with a strategy of securing existing sales while developing new business areas. Key initiatives include capturing market share by launching innovative products, optimizing the current product portfolio, and streamlining business operations. Tokai Rika's strategy focuses on innovations in QCD (Quality, Cost, Delivery), greater environmental responsibility, DE&I (Diversity, Equity, and Inclusion), and governance. Key goals involve reducing manufacturing defects to zero, increasing labor productivity by automation and workplace improvements and promoting human capital by focusing on training future leaders. The company expects to invest in product research, market expansion, and capital equipment over the life of the plan. By fiscal year 2030, Tokai Rika aims for sales of JPY700 billion and an operating profit margin of 7.0%.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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