Medium-Term Management Plan

Under our FY 2011–2012 medium-term management plan "f(x)"(*1) we will carry on with the basic policies and measures adopted under our previous plan with a view to the next 10 years, FOCUS'10—whence the f—and at the same time undertake the execution—whence the x—of our business model innovation. We are doing this to meet the demands of the times based on our Corporate Mission Statement, which define value creation as our corporate vision, with the aim of achieving growth together with all our partners across regional, generational, and organizational boundaries.
*1 The f of f(x) is from "FOCUS'10," and the x is taken from the English word "execution." In order to express the idea of "cross-boundary growth," meaning growth that reaches across regional, generational, and organizational boundaries, we have decided to read the letter x as "cross" rather than "ex."
FY2011-2012 Medium-term Management Plan f(x) (f-cross) (314KB/PDF) ![]()
Quantitative targets, balance sheet plan, and monitoring index
Our quantitative targets, balance sheet plan, and monitoring index under f(x) are as listed below. The effects of the Great East Japan Earthquake that struck this March, along with other factors, mean that we will be operating in an uncertain economic environment, but we will strive to achieve a risk-adjusted return of 15% or more in FY 2012 without fail, so as to construct business models befitting the value-creating company that we aimed to become under FOCUS'10.
| Consolidated net income(*2) : | FY2011 ¥220 billion |
| FY2012 ¥260 billion | |
| Risk-adjusted return ratio : | 15% or more in FY 2012 |
*2 "Consolidated net income" is equivalent to the "profit attributable to owners of the parent" of the International Financial Reporting Standards (IFRS).
| Risk-adjusted assets | Amount | |
| Acquisition and Enhancement(*3) : | + ¥350 billion | + ¥1,150 billion |
| (new investment & loan included) : | (+ ¥320 billion) | (+ ¥580 billion) |
| Divestiture and Reduction : | - ¥130 billion | - ¥1,150 billion |
*3 including net increase of trade assets and others
Debt-equity ratio, net (times) : Around 1.5
Four key actions
Under f(x) we will execute four key actions to implement our business model innovation.