The long-term management vision, "VISION 2033," represents the ideal state that the Mikuni Group aims to achieve by FY 2033.
For the Mikuni Group, which celebrated its 100th anniversary in October 2023, VISION 2033 marks the first step toward the next 100 years.
We will view the 10-year period from FY 2024 to FY 2033 as a single phase and, through several stages, will work on the necessary actions to achieve our ideal state, which is outlined in our medium-term management plan.
Long-term Management Vision
Positioning of VISION 2033 within the Corporate Philosophy Framework
VISION 2033 The Journey
The medium-term management plan is the execution plan to achieve VISION 2033.
While viewing the 10-year period from FY 2024 to FY 2033 as a single phase, we have formulated a specific execution plan for the first four years as the medium-term management plan.
As changes in the business environment are expected, we will review the medium-term management plan every two years, making necessary adjustments to stay on course and work towards realizing VISION 2033.
VISION 2033 Overview
In VISION 2033, which marks the first step toward the next 100 years for the Mikuni Group, we aim to remain a company that is trusted by all stakeholders, including partners, communities, shareholders, and employees, and one that they can confidently rely on. To achieve this, we will focus on "strengthening competitiveness" and "pursuing growth in areas where our strengths can be applied," while expanding our business by leveraging our corporate characteristics and organizational capabilities.
- Create a system (process, organization) that can quickly respond to changes.▶ ① Create a system that leverages our corporate characteristics
- Ensure profitability even with a wide variety of products and small quantities.▶ ② Create a system that does not rely on quantity
- Develop markets where the value Mikuni provides can be exchanged for compensation.▶ ③ Leverage our strengths to generate income Target both existing and growing businesses to increase profitable work.
- Enhance employees' work satisfaction and work-life quality through "investment in people," and improve labor productivity.▶ ④ Increase employee motivation
- Achieve a 50% reduction in CO₂ emissions by 2030 toward reaching carbon neutrality by 2050.▶ ⑤ Contribute to the sustainability of the planet and society
- ■ Achieve a consolidated EBITDA margin of 13% or more by the FY 2033
- ■ Accomplish our vision, enabling each group company to target top-class wage standards within their industries
Targets
| FY 2027 | EBITDA margin of 10% or more |
|---|---|
| FY 2033 | EBITDA margin of 13% or more |
What are Mikuni's corporate characteristics?
At the heart of Vision 2033 lies the company's unique characteristics, which focus on developing businesses that capitalize on its strengths. Mikuni's advantages stem from its independent, medium-sized structure and have been cultivated over its century-long history. By leveraging these strengths, Mikuni aims to help solve the challenges faced by its customers and business partners, with the goal of becoming a company that stakeholders can trust, believing that "Mikuni will find a way to make it work."
An independent and medium-sized company
Business Management Autonomy
As an independent company, we have built a 100-year history by embracing management freedom as our strength. Staying true to our founding principle of 'finding, developing, and nurturing promising products,' we will continue to pursue growth in the future.
Adaptability to Changes
By using the agility and flexibility of a medium-sized company, we have adapted to changes in technology and customer needs. In today's VUCA world, the ability to respond quickly to change is more important than ever. We will continue to strengthen this ability and meet the expectations of our stakeholders.
Wide Range of Customers
Thanks to our independence and flexibility, we work with a wide variety of global customers. Our diverse client base includes industries such as automotive (cars, motorcycles, etc.), agricultural and industrial machinery, gas equipment, aircraft parts, golf course maintenance, and healthcare equipment.
Ability to Coordinate
Our main product, the carburetor, required precise alignment with engines. At Mikuni, we’ve built up and passed down this expertise over many years. By using our alignment skills, we aim to meet customer needs and solve our own challenges.
VISION 2033 Growth Strategy
We will achieve growth by optimizing the combination of current and new businesses.
Total(Consolidated group companies)
- Based on the strategy outlined below, each business will build the optimal product portfolio.
- Achieving growth through new products and services that leverage the company’s unique characteristics.
MOBILITY business
By offering unique products and services, Mikuni aims to solve our customers' problems and become a company that customers can trust, thinking 'we are glad we relied on Mikuni.'
We are advancing our efforts to support electric vehicles, with a target to have over 70% of our sales in 2030 come from products for electric vehicles (including hybrid and plug-in hybrid vehicles).
GAS-TECHNO business
Building on our extensive expertise in fluid control technology, we are committed to safeguarding global well-being and the environment, while fostering a more sustainable society. By harnessing key technologies, including hydrogen co-firing, we strive to make a significant contribution to achieving carbon neutrality.
AERO-SPACE business (Trading business)
By focusing on our existing services centered around commercial aircraft, we aim to elevate our value as a trading company, while expanding revenue opportunities through services for government and public sectors. Our objective is to establish a robust business foundation and drive sustainable growth.
TURF-CARE EQUIPMENT business (Trading business)
We aim to enhance our value as a company by offering one-stop solutions not only for the import and sale of turf management equipment for golf courses, but also for turf management, sports facilities, and landscape greening. Through this, we strive to contribute to the creation of a richer social environment.
WELFARE EQUIPMENT AND SERVICES business
With the slogan 'Freedom of movement and transfer for all,' we strive to remain an indispensable company in society and aim to be the most desirable workplace for individuals with disabilities.
