The previous Mid-term Management Policy (FY2019 - FY2021)
We have formulated 3-years'Mid-term Management Policy "INNOVATION 2021" started FY2019 and worked on "Reformation of business portfolio" and "Reinforcement of business base" as core target to establish "Stable and profitable business base under any economic situation".
In FY2019, we established local subsidiary in China and formed global business base include Europe and United States. We reported record high profits in FY2019 due to high demand of artificial graphite electrode. In FY2020, our performance declined due to global economic stagnation with COVID-19 pandemic. However, sales of fine carbon products increased with recovery of semiconductor industry in FY2021 and our performance improved.
We were able to make profit continuously with reformation of business portfolio during 3 years of INNOVATION 2021.
Mid-term Management Policy (FY2022 - FY2024)
Based on progress of the previous Management Policy, we have formulated new Mid-term Management Policy "BREAKTHROUGH 2024" directing toward to the era of Carbon Neutral and Digital Transformation.
In the new Mid-term Management Policy, we set "Business structural reform" and "Improvement of corporate constitution" as core target toward great achievements of Nippon Carbon group and we will challenge to aggressive target with breaking the status quo.
In order to respond to the mandate from all stakeholders, we will aim to enhance profitability and corporate value with efforts of all Nippon Carbon Group.
External Environment and Products of Nippon Carbon Group
Nippon Carbon Group will contribute to realize Carbon Neutral and DX Society through supplying carbon materials for manufacturing solar power device, semiconductor and energy saving at various industries as show below.
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Nippon Carbon Group Policy
1. Business structural reform
We will develop strategy focusing on growing market related to carbon neutral and digital transformation aiming to ensure stable earnings.
Maintaining top share and further expansion of carbon fiber products at the global market of high temperature furnace
Focusing on growing industries and executing sales promotion
Development of global market for C/C composite
Aggressive investment of management resources
Strengthening global competitiveness of artificial graphite electrode and anode
materials for lithium-ion battery by reducing production costs
Cost reduction by thorough review of production process
Creation of new business
Development of new products focusing on growing market
Increase profitability of specialty carbon business
Obtaining growth demand mainly at semiconductor industry and cost reduction.
Business development of silicon carbide continuous fiber to meet global demand
Establishment of flexible production system to meet market conditions
2. Improvement of corporate constitution
We will aim to enhance organizational strength through securing
and training of human resources and execution of diversified promotion.
We will advance work style reform as new normal tele-working and review function of our business locations to realize sustainable and strong corporate constitution.
Securing and training of human resources
Work style reform for new normal era
3. ESG management
We will advance ESG management with a mind to "Environment", "Social" and "Governance"
to realize sustainable society and improve corporate value.
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Nippon Carbon Co. Ltd. published this content on 04 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2022 02:28:03 UTC.
Nippon Carbon Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of carbon products. The Company operates in three business segments. The Carbon Product-related segment is engaged in the manufacture, processing and sale of carbon products, including artificial graphite electrodes, impervious graphite, isotropic high purity graphite, graphite products for equipment, general carbon fiber and graphitic fiber, lithium-ion battery negative-electrode materials and others. The Silicon Carbide Product-related segment manufactures and processes materials, and sells products. Others segment is engaged in the leasing of real estate properties, as well as manufacture and repair of industrial machinery.
NIPPON CARBON CO., LTD. 
