Glory Group pivots to total store solutions by 2034

Glory Group has outlined a strategic shift from its traditional currency handling machine business to "total store solutions" by fiscal year 2034. This transformation aims to leverage the company's existing customer base and extensive network, contributing to its continued growth and profitability.

The company targets significant financial improvements, including an increase in the non-cash business revenue ratio from 25% in fiscal year 2025 to 40% in fiscal year 2034. Over the same period, the operating profit margin is projected to rise from 8.6% to over 12.0%, with revenue increasing from JPY 3,400 million to JPY 4,600 million. ROA and ROIC are expected to improve to over 6.0% and 10.0%, respectively, by 2034.

This strategic evolution is driven by the recognition of coexisting cashless and cash-based societies. Glory Group plans to expand its global footprint, aiming for JPY 300 million in Latin American and Asian markets by 2025, while strengthening operations in major markets like the US and Europe. The new approach will emphasize the integration of hardware with DX software and maintenance services to address customer challenges.