KH Neochem : Notice regarding Medium-Term Business Plan
February 07, 2022 at 01:08 am EST
Share
For immediate release
February 7, 2022
Notice regarding Medium-Term Business Plan
Tokyo, February 7, 2022 - KH Neochem Co., Ltd (TSE: 4189, President and CEO: Michio Takahashi, "KH Neochem") announced that KH Neochem Group has formulated the 4th Medium-Term Business Plan covering the three-year period from the fiscal year ending December 2022 to the fiscal year ending December 2024.
KH Neochem Group has been contributing to solving social issues by providing products that are useful for the environment and people's lives. In the 4th Medium- Term Business Plan, we will further accelerate this movement by positioning "Driving sustainable management" as our basic policy and pursuing the following three basic strategies.
Basic Strategies
Further Growth in the Strategic Domains
Medium- to Long-Term Initiatives to Resolve Social Issues III. Improvement of business framework
In addition, we have set numerical management targets of achieving accumulated consolidated operating income of 48.6 billion yen, accumulated consolidated EBITDA of 63.5 billion yen, and ROE of 15% or higher for the three-year period.
For details, please refer to the attached document, "4th Medium-Term Business Plan: Driving Sustainable Management."
Financial forecasts and other forward-looking statements included in this document are based on the information currently available to KH Neochem and certain assumptions deems reasonable, and KH Neochem makes no commitments regarding their achievability. Actual business results may differ materially from the forecast due to variety of factors.
###
4th Medium-term
Business Plan
(2022 -2024)
Driving Sustainable Management
February 7, 2022
KH Neochem Co., Ltd.
Contents
1 VISION2030
Review of 3rd Medium-term Business Plan
The 4th Medium-term Business Plan
Recognition of the Business Environment
Basic Policy and Basic Strategy
StrategyⅠ Further Growth in the Strategic Domains
StrategyⅡ Medium- to Long-Term Initiatives to Resolve Social Issues
StrategyⅢ Improvement of business framework
Investment Plan
Financial and Capital Strategy
Numerical Management Targets
2
VISION 2030
A Leading Global Specialty Chemical Company
Ambitions
1 Providing specialty chemicals that contribute to the reduction of global warming and to a better quality of life
Expansion of products with the largest global share and new businesses in three strategic domains
Top-classprofitability in the chemical industry (Operating income margin of 15%)
2018 CY
Taking on
Net Sales 101.2 bn yen
Operating Income 10.9 bn yen
New Challenges
2030 CY
Net Sales 180 bn yen Operating Income over 25 bn yen
3rd medium-term plan 4th medium-term plan 5th medium-term plan 6th medium-term plan
2019
2030
3
Review of 3rd Medium-term Business Plan
Even under coronavirus crisis, we achieved not only the management targets for the
final year of the medium-term business plan but also record high earnings
2021
（Plan）
（Actual）
Net Sales
110.0
117.1
bn yen
bn yen
Operating
13.5
19.7
income
bn yen
bn yen
Return on
18%
28%
Equity
Equity ratio
47%
45%
Net Sales
Operating Income
（bn yen）
（bn yen）
101.9
94.2
12.0
9.6
5.6
105.8
77.3
11.8
110.0
117.1
13.5
19.7
Plan
Actual
Plan
Actual
2019
2020
2021
4
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
KH Neochem Co. Ltd. published this content on 07 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2022 06:07:03 UTC.
KH Neochem Co Ltd is a Japan-based company engaged in the manufacture and sale of petrochemicals. The Company's business is divided into three business units. The basic chemical businessâs main products include butyl alcohols, octyl alcohols and butyl acetates. The business is involved in the provision for the manufacture of paints, inks, commodity resins, plasticizers, detergents and others. The performance material businessâs main products include isononanoic acids and octylic acids, among others. The business is involved in the provision of raw materials for surfactants, water-based paints, cosmetics, pesticides, as well as pharmaceutical products. The electronic material businessâs main products include propylene glycol methyl ether-pure (PM-P) and propylene glycol methyl ether acetate-pure (PMA-P). The business is involved in the provision for semiconductors, display materials and optical materials, among others.
KH NEOCHEM CO., LTD. 
