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Mid-Term Management Plan

Seiko has formulated its 7th Mid-Term Management Plan starting in the fiscal year 2019 to realize our long-term vision in the fiscal year 2025, based on the group slogan "Moving ahead. Touching hearts"

Images on our Value Creation Process

We strive for continuous growth and value creation through our business activities, based upon the Seiko brand and our technology.

Images on our Value Creation Process Images on our Value Creation Process

Basic Policy for the 7th Mid-Term Management Plan

Summary –the 6th Mid-Term Management Plan-

Strengthening Profitability
and Investing for Growth

  • Shrinking of affordable watches market in the global watch industry from FY2016
  • Shifted to mid-high price range, mainly for Global Brands (GB)
  • Developed overseas boutiques and strengthened e-commerce initiatives
  • Increased profitability of the Electronic Devices Business
  • Achieved plan ahead of schedule for strengthening profitability in the Systems Solutions Business

Reinforcing the Management
Foundation

  • Equity capital ratio (35.0% or higher)
  • Net interest-bearing debt (75.0 billion yen or less)
  • Continuing to pay stable dividends(75.0 yen per share for 3 straight fiscal years)

Achieved 6th MTP targets

Road Map

Road Map Road Map

Basic Policies

"With everyone fully committed and focused,
We will invest aggressively in scenarios for the future.
Backed by the strength of the SEIKO brand, our precision technologies and ability to propose solutions
Will provide us with the sustained growth."

Policies by Segments

Watches Business

Watches Business Policies Watches Business Policies

Electronic Devices Business

Electronic Devices Business Policies Electronic Devices Business Policies

Systems Solutions Business

Systems Solutions Business Policies Systems Solutions Business Policies

Clock / Wako / Time Systems Business

Clock / Wako / Time Systems Business Policies Clock / Wako / Time Systems Business Policies

R & D for new products

R & D for new products of Watches Business R & D for new products of Watches Business
R & D for new products of Electronic Devices Business R & D for new products of Electronic Devices Business
R & D for new products of Systems Solutions Business R & D for new products of Systems Solutions Business

Branding Strategies

Branding Strategies Branding Strategies

Human Resources Strategies

Preparing an environment where personnel with diverse senses of value can work enthusiastically, aiming for sustainable growth of the Group by creating a virtuous cycle of "recruiting," "cultivating," and "leveraging" human resources

Human Resources Strategies Human Resources Strategies

Financial Strategies

  • Thoroughly implementing investment management to achieve "wins" through the generation of operating cash flow to support the "aggressive approach" period, well-balanced investing cash flow, and cost-controlled financing cash flow
  • Continuously improving equity capital ratio (to 40%) by accumulating profit, and maintaining stable dividends

Corporate

  • Corporate Governance
    • Continuously reviewing and supplementing the present governance system
    • Continuing to emphasize compliance risk
  • Risk Management
    • Checking governance and risk management systems at overseas subsidiaries
    • Strengthening response to business risk
  • Corporate Communication
    • Actively promoting PR and IR activities
    • Enhancing digital communications
  • SDGs
    • Continuing to promote, strengthen and expand current initiatives
    • Actively ensuring that SDG initiatives are disseminated throughout the Group
    SDGs SDGs

Target Figures

Target Figures (Consolidated)

(Billions of yen)

FY2018
Actual
FY2019
LE
FY2021 MTP
7th Mid-Term
Management Plan
Comparison to
FY2018
Net sales 247.2 255.0 285.0 Approx.+15%
Operating profit 9.3 9.5 14.2 Approx.+50%
Ordinary profit 11.4 11.5 16.0 -
Profit attributable to owners of parent 9.2 9.5 12.5 Approx.+35%
Equity capital ratio 36.0% - 40.0% -
Net interest-bearing debt 72.1 - Maintain current level -

Net sales

Net sales

Operating profit

Operating profit

IR Presentation

Seventh Mid-Term Management Plan(FY2019-FY2021)[3.026KB]

Management Policies