NEWS RELEASE Teijin Unveils Medium-term Management Plan "ALWAYS EVOLVING" for 2017-2019 - Ceaseless evolution and ambition that is essential to support tomorrow's society - Tokyo, Japan, February 6, 2017 --- The Teijin Group announced today its new medium-term management plan for 2017-2019, named "ALWAYS EVOLVING," to create value needed by society, thereby striving to achieve the aim to become an enterprise that is essential to tomorrow's society, by utilizing its workforce diversity for enhanced competitiveness, improving core earnings through growth strategies, establishing new core businesses through transformation strategies and strengthening group-wide management systems.
  1. Long-term vision
  2. Evolve for future society as an enterprise that delivers new value
    • An enterprise that helps to solve social issues

      Teijin will develop business opportunities by leveraging strengths in core priority fields to help society address pressing issues.

      Core priority fields for business development

      Environmental value solutions

      Supply weight-reducing materials that enhance environmental performance for transportation

      Safety, security and disaster mitigation solutions

      Enhance disaster-readiness measures and social infrastructure development

      Demographic change and increased health consciousness solutions

      Support health maintenance and enhancement in response to the progression of demographic change and increasing lifestyle diseases

    • An enterprise that achieves continuous transformation by anticipating changes in the external environment

      In an increasingly uncertain external environment, Teijin will take the initiative to contribute to evolution, instead of chasing trends, for sustainable growth.

    • An enterprise that continues to create new value at all times

      Teijin will create products and services that accelerate the evolution of society.

  3. Transform business portfolio to maximize business opportunities
  4. Teijin will pursue its visions by ceaseless evolution and a determined ambition to create innovations that support tomorrow's society by utilizing its workforce diversity for enhanced competitiveness, and grow sustainably by maximizing business opportunities group-wide and transform its overall business portfolio.

  5. Business strategies in medium-term management plan

    Teijin will implement both growth and transformation strategies focusing on the materials and healthcare business fields as the pillars of its operations and develop new businesses that are not yet contributing to profits at present into its core earnings

    sources, without merely relying on the continuation of existing businesses.

  6. Growth strategies for materials business field
    • Focus on aircraft and automobile businesses (environmental value solutions) Step up development of strong, lightweight high-performance materials in response to demands for higher fuel efficiency in line with stricter environmental regulations

      Aircraft

      Carbon fiber

      Intensively allocate resources for intermediate materials (prepreg, etc.).

      Also, establish a competitive edge by accelerating development of thermoplastic prepreg and textile prepreg.

      Aramid fibers

      Expand applications for air freight containers offering high durability and flame resistance

      Automotive

      Aramid fibers

      Expand products to address demands for weight reduction and higher performance, including tire reinforcement materials

      Plastics

      Develop high-performance compound products that offer reduced weight and improved design

    • Address infrastructure needs (safety, security and disaster mitigation solutions)

      Accurately respond to disaster mitigation awareness and needs for improved and expanded infrastructure

      Infrastructure

      Para-aramid fibers

      Expand sales of optical fiber in China and India.

      Also, expand applications such as ropes and deep-sea oil drilling

      Polyester fibers and plastics

      Develop and expand applications for disaster mitigation

      Protective Clothing

      Meta-aramid fibers

      Respond to expanding demand in Asia and emerging countries due to rising safety standards

  7. Growth strategies for healthcare business field
    • Strengthen solutions in high-growth domains (demographic change and increased health consciousness solutions)

      Maximize earnings from existing growth drivers and emphasize drug discovery research

      Pharmaceuticals

      Treatment for hyperuricemia and gout: FEBURIC® (ULORIC®, ADENURIC®)

      Maximize sales through clinical research and by raising awareness of the importance of treatment

      Pipeline strategy

      Expand drug discovery fields; target regenerative medicines; and promoting alliances for products developed in-house

      Home healthcare

      Continuous positive airway pressure (CPAP) unit

      Develop relationships with general practitioners; strengthen treatment monitoring functions; and make sleep apnea syndrome (SAS) diagnosis easier

      Oxygen concentrator for home oxygen therapy (HOT)

      Maintain high market share with next-generation models and strengthened monitoring functions

  8. Transformation strategies for material business field

    Transform the business model from supplying customers with materials to close-to-customer businesses to develop composites that incorporate multiple materials, and thereby win the competition amongst multiple materials.

    • Automotive composite products (environmental value solutions)

      Rather than merely extending materials businesses into downstream fields, Teijin will leverage its strengths in composite technologies to expand business with a view to becoming a supplier of multi-material components.

    • Lithium-ion battery separator and membranes (environmental value solutions) Leveraging technologies and expertise developed in membrane production, Teijin will roll out high-performance, high-productivity products in a wide range of fields.
  9. Transformation strategies for healthcare business field

    Strengthen existing healthcare business to deliver comprehensive patient-service systems, even those not reimbursed under the Japanese health insurance system

    • Diversified product/service lineups (demographic change and increased health consciousness solutions)

      Diversify lineups of medical equipment, digital healthcare, implantable medical products and functional food materials

    • Healthcare business creation (demographic change and increased health consciousness solutions)

      Establish a healthcare business platform for pre-symptomatic condition, diseases and nursing care, and new business using the group's information platform

  10. Global strategy

    Implement regional strategies based on the characteristics of each business in line with growth and transformation strategies. This will help strengthen cross-business regional structures, systems to manage overseas businesses efficiently, and regional strategy formation.

  11. Strengthening of the management system platform
  12. Structural reorganization
  13. Teijin will pursue inter-business integration by integrating materials-related businesses into one materials business field. The New Business Development Business Unit will be split into units for materials and healthcare business to deepen group-wide collaboration with and absorption of these individual businesses. A newly established Global Strategy Officer will develop cross-business regional strategies and a newly established Information Strategy Representative will pursue smart projects on a group-wide basis.

Teijin Limited published this content on 06 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 February 2017 02:09:06 UTC.

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