Mid-term Business Plan
Mid-term Business Plan fiscal years 2021-2023
Chubu Steel Plate began operations in 1950 and reached its 70th anniversary in 2020. We create Mid-term Business Plan for fiscal years 2021-2023, which demonstrates our commitment as a steel mill in the city to Sound Material-Cycle Society and Net Zero-Carbon Society. Addressing ESG issues and contributing to the Sustainable Development Goals(SDGs), we strive to become the sustainable company with more than 100 years of history.
Basic strategy for fiscal years 2021-2023
- Contribute to Sound Material-Cycle Society by steel scrap recycling
- Implement new growth strategy to increase customer value
- Strengthen business foundation for long-term growth
- Promote ESG initiatives and actions for SDGs
- Maintain successful business partnership with Nakayama Steel Works
Contribute to Sound Material-Cycle Society by steel scrap recycling
By investing in energy-saving equipment and resource-saving production processes, we contribute to the Sound Material-Cycle Society. We plan to build an eco-friendly Electric Arc Furnace(EAF) and promote the efficient recycling of steel materials.
Implement new growth strategy to increase customer value
In addition to our unique manufacturing process and high-quality products, we boost our competitiveness by implementing effective information technology and equipment to meet customers’ expectations.
Strengthen business foundation for long-term growth
We train our staff based on the “Genchi Genbutsu” principle, which encourages our staffs to observe directly and assess the current workplace environment. We enhance safety including disaster prevention and environmental initiatives to strengthen the business foundation for long-term growth.
Promote ESG initiatives and actions for SDGs
Adhering to compliance, we build trust with our customers and society by focusing on quality management, environmental monitoring, and ensuring work-life balance.
Maintain successful business partnership with Nakayama Steel Works
Business partnership with Nakayama Steel Works has many benefits. Effective use of production equipment on both companies leads to an increase in contract manufacturing of slabs and plates. The collaboration not only provides support for maintenance, procurement, and logistics to each other but takes advantage of both group companies’ network to contribute to Sound Material-Cycle Society.
Management Index(Consolidated basis)
Fiscal Year | FY2018 - 2020 | FY2020 Results | FY2021 - 2023 |
---|---|---|---|
Steel Plate Sales | 600,000 tons per year | 500,000 tons | 700,000 tons per year |
Ordinary Profit | 4billion yen per year | 2.5billion yen | 4billion yen per year |
Dividend Payout | More than 25% | 31% | More than 30% |