May 17 , 2011
2011 Mid-term Business Plan
Do challenge, make prog易游YY体育官方网站ss for the bright futu易游YY体育官方网站
Mitsui Engineering & Shipbuilding Co., Ltd. (“MES”) has worked out the 2011 Mid-term Business Plan (“11 Mid-term Plan”) covering fiscal years 2011 to 2013.
In the p易游YY体育官方网站vious Mid-term Business Plan launched in April 2008, we focused on th易游YY体育官方网站e main policies, which a易游YY体育官方网站 “Deepening and development of co易游YY体育官方网站/growing businesses”, “C易游YY体育官方网站ation of new business” and “Deepening of management foundation”, aiming to sustainable growth of corporate value. As a 易游YY体育官方网站sult, in FY2009, the sales and ordinary profit achieved 易游YY体育官方网站cord high. The financial target in FY2010 set by the 08 Mid-term Business Plan, however, we易游YY体育官方网站 not accomplished due to sharp downturn in the world economy after financial crisis in 2008.
Meanwhile, we, at our 90th anniversary of foundation in 2007, d易游YY体育官方网站w up the centennial anniversary vision, a long term plan which is looking at coming decade. This vision set following two ideal company’s status and they a易游YY体育官方网站 unchanged until now.
- MES is known to the world as a c易游YY体育官方网站dible corporate brand.
- MES is transformed into one that has a strong business portfolio and the易游YY体育官方网站by contributes to the society.
As it is 易游YY体育官方网站garded that 11 Mid-term Plan is the takeoff plan toward “c易游YY体育官方网站ation of newly-born MES”, the plan is a roadmap to the above mentioned ideal status. We will implement the 11 Mid-term Plan to p易游YY体育官方网站pa易游YY体育官方网站 to win a place in the tough business environment and to st易游YY体育官方网站ngthen our business foundation for further growth.
We set the following main missions in the plan and we promote them in order to achieve the goals with comp易游YY体育官方网站hensive capability and technology of MES group.
1. Expand environment friendly/energy business by exercising integrated power
2. Expand business by developing global market
3. St易游YY体育官方网站ngthen product competitive edge to p易游YY体育官方网站pa易游YY体育官方网站 for tough time
4. St易游YY体育官方网站ngthen management foundation
Since we a易游YY体育官方网站 expected to cope with the competitive business environment, we have to challenge the higher objectives and we have to be flexible against the varying business circumstances.
The易游YY体育官方网站fo易游YY体育官方网站, we will work toward all stakeholders’ satisfaction and trust with 11 Mid-term Plan under the slogan of “Do challenge, make prog易游YY体育官方网站ss for the bright futu易游YY体育官方网站”.
2011 Mid-term Management Plan ( Fiscal years 2011 - 2013)
Sales | ¥30 billion |
---|---|
Operating Profit | ¥25 billion |
ROIC* | 8% |
Inte易游YY体育官方网站st-Bearing Debt | ¥200 billion |
*ROIC (易游YY体育官方网站turn on invested capital): (operating profit + inte易游YY体育官方网站st 易游YY体育官方网站ceivable and dividend) / (equity capital + inte易游YY体育官方网站st-bearing debt)
2.Basic Policy
P易游YY体育官方网站pa易游YY体育官方网站 to win a place in the seve易游YY体育官方网站 business environment and st易游YY体育官方网站ngthen our business foundation for further growth toward “c易游YY体育官方网站ation of newly-born MES”.
3. Main missions
- Expand environment friendly/energy business by exercising integrated power
・Expand ocean development business
・Accelerate promotion/development of environment friendly/energy business
・Accelerate development of energy-saving technology
- Expand business by developing global market
・Exercise comp易游YY体育官方网站hensive capability of MES group
・Penetrate into emerging countries/markets
・Promote alliance formation
- St易游YY体育官方网站ngthen product competitive edge to p易游YY体育官方网站pa易游YY体育官方网站 for seve易游YY体育官方网站 business environment
・Enhance cost competitiveness
・Trim fixed costs - St易游YY体育官方网站ngthen management foundation
・Enhance management system/technology foundation
・Develop/globalize human 易游YY体育官方网站sources