Air Water has established a medium-term management plan that runs through to the end of full year 2021, The Gas Review reports.
Announced back in May, the end of this management plan sets company sights on sales revenue of YEN one trillion, operating profit of YEN 60bn, an operating profit ratio of 6% and an overseas sales ratio of 10% (YEN 100bn). It will form the final stage of the YEN one trillion company vision given as a 10-year growth goal by the company in full year 2010.
President and Chief Operating Officer Kiyoshi Shirai said, “We will target our goal by continuing our all-weather management style to balance industrial business with lifestyle business, boldly undertaking M&A, and growing our current business endeavours.”
Last term, the company’s three-year growth rates from full year 2018 results were 34.8% for sales revenue, 40.6% for operating profit and 30.7% for term profit. Since full year 2019, Air Water has shifted to the International Financial Reporting Standards (IFRS) and results for full year 2018 were also based on IFRS.
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