ISEKI Report
2023
ISEKI & CO., LTD.
Corporate Philosophy (Purpose) | Purpose |
ISEKI Group strives to contribute to sustainable society through "providing of services to the customers"
Long-term Vision | Vision |
To be a "Solution Provider for Agriculture & Landscape"
Supporting a farming industry full of dreams and beautiful landscapes and creating a future of sustainable agriculture and landscape
Important Values | Value |
Seven Promises
- To Contribute to the Creation the Prosperous and Sustainable Society -
- Spirit · · · · · · · · · · · · · · · · · · · · Inheriting our company's founding philosophy, we always carefully consider food, agriculture and landscape and move forward with farmers.
- Front runner· · · · · · As a front-runner, we produce innovative products and higher quality services.
- Quality · · · · · · · · · · · · · · · We will always make premium quality products with passion.
- Solution · · · · · · · · · · · · · · We constantly take action for solutions to customer issues.
- Innovation · · · · · · · · · We create innovations with cutting-edge technologies and provide new value.
- Global · · · · · · · · · · · · · · · · · · With a global perspective, we work toward solutions to the world's social issues.
- Future · · · · · · · · · · · · · · · · · Paving the way for tomorrow, open up the future of food, agriculture and landscape.
the creation the prosperous and innovative products and higher quality
Spirit of ISEKI - Passion of founder -
"I want to free farmers from exhausting labor"
Agriculture was hard work, done by hand and with the help of animal power. To change this, Kunisaburo Iseki, the founder, realized laborsaving through mechanization and endeavored to further develop agriculture.
"We produce good machinery," Kunisaburo Iseki, the founder, used to say. He devoted himself to providing products that made customers happy. The founder's passion has been inherited in an unbroken line to this day as "ISEKI's spirit."
Company Motto
Our management philosophy is to provide:
- Products that satisfy customers;
- A stable workplace to the employees;
- Appropriate dividend to the shareholders;
and thereby we will fulfil our social mission.
Key Points of ISEKI Report 2023
Key Point - 1
What kind of company is ISEKI?
Social issues that we have solved to date and business activities
Introduction (P5-11) / Business strategies (P27-57)
Key Point - 2
ISEKI Group's vision
Our long-term vision of being a "solution provider for agriculture and landscape" and our mid- to long-term strategies, measures, and materiality for achieving that vision
Message from our President (P13-18) / Value creation process (P19-20) /
Materiality (P21-22) / Mid-term Management Plan (P27-30)
Key Point - 3
Uniquely "ISEKI" initiatives
The strengths that ISEKI Group has cultivated to date and unique initiatives such as environmental management
ISEKI Group's strengths (P31-34) /
Strategies of R&D and intellectual property (P43-46, P51-52) /
Environmental initiatives (P54-57, P61-62)
Publication of ISEKI Report 2023
This report was produced as a Group-wide project led by young and mid-career employees. As the Director in charge of investor relations, with responsibility for this report's preparation, I affirm that this report was produced in good faith with the involvement of the management team and the cooperation of individual departments, and its content is accurate.
Director & Senior Corporate Officer
In charge of Personnel, Corporate Planning, and Public & Investor Relations
Deputy in charge of Compliance
Masayuki Fukami
About the front cover: The cover illustrates the concept of creating a future of sustainable agriculture and landscape through ISEKI Group's flagship "Japan series" machines and electric riding lawn mowers for the European market.
From the top: Combine harvester with straight-travel assist function, robot rice transplanter, robotic tractor, and electric riding lawn mower
3 ISEKI Report 2023
Contents
- ······ Purpose, Vision, Value, Spirit and Company Motto of ISEKI
- ······ Key Points of ISEKI Report 2023
- ······ Contents/Editing policy
5 | Introduction
- ······ History of solving social issues
- ······ ISEKI Group
12 | | ISEKI Group's value creation aims |
(What kind of value we create) |
- ······ Message from our President
- ······ Value creation process
- ······ Materiality
- ······ Financial and capital strategies
26 | | Business strategies for value creation |
(How we create value) |
- ······ Mid-term Management Plan (2021-2025)
- ······ ISEKI Group's strengths
- ······ Domestic Market Strategies (Domestic Business Company)
- ······ Overseas Market Strategies (Overseas Business Company)
43 ······ Product/Development Strategies (Development and Production Company)
47 ······ Human resource strategies
- Maximizing ISEKI Group's human resource capability -
- ······ Intellectual property strategies
- ······ DX Promotion
- ······ Response to climate change
- ······ Initiatives for the realization of a decarbonized society
58 | Foundation for sustainable growth
(How we achieve sustainability)
- ······ Sustainability in ISEKI Group
- ······ Stakeholder engagement
- ······ ISEKI Group's environmental management
- ······ Mid- to long-term environmental targets and results
- ······ Efforts to improve quality and customer satisfaction
- Establishing trust with customers -
- ······ Supply chain management
- ······ Communities - Co-existence with local communities -
- ······ Independent Outside Directors roundtable discussion
- ······ Corporate governance
- ······ List of officers
- ······ Risk management
- ······ Compliance
81 | Financial and non-financial data
- ······ Financial highlights
- ······ Financial summary (consolidated)
- ······ Non-financial highlights
84 | Company profile / Stock information
84 ······ Company profile / Stock information / Evaluation by third parties
Editing policy
This report presents both financial and non-financial information to introduce initiatives for improvement of the corporate value of ISEKI Group to a wide range of stakeholders including shareholders and investors in an easy-to-understand manner.
Covered period
From January 2022 through December 2022.
The report also includes some information from and after January 2023.
Scope
As a general rule, this report covers the activities of ISEKI & Co., Ltd. and ISEKI Group's associated companies in Japan and overseas. Notes will be added in this report when the range of activities and/or data is limited in certain part hereof.
Referenced guidelines
- International Integrated Reporting Council (IIRC) : "The International Integrated Reporting Framework"
- Ministry of Economy, Trade and Industry "Guidance for Collaborative Value Creation"
- GRI Standards
- ISO26000
- Ministry of the Environment, "Environmental Reporting Guidelines 2018"
- Ministry of the Environment, "Environmental Reporting Handbook-Environmental Reporting Guidelines 2018"
Communication map
ISEKI Group uses a variety of tools to communicate with its stakeholders, sharing a range of information.
We will continue our efforts toward constructive dialogue and the enhancement of information disclosure to ensure our stakeholders' understanding of the Group.
FinancialNon-financial
ISEKI Report (compilation of key information)
• Mid-term Management Plan | • Corporate Governance Report | ||||
presentation materials | • Sustainability website | ||||
• Quarterly financial summaries | (includes ESG data) | ||||
• Quarterly briefing presentation | • Product information | ||||
materials | |||||
• Securities reports | |||||
Corporate website
About forecasts, plans, and targets
Forward-looking statements contained in this report were prepared based on information available at the time of the preparation and involve potential risks and uncertainties. Actual results may differ from those expressed by the statements due to changes in economic conditions and market trends.
*Amounts and numbers of shares are rounded down to the unit.
ISEKI Report 2023 4
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Disclaimer
Iseki & Co. Ltd. published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 07:21:05 UTC.