Reform and Creation for Strong Growth

Under our new Medium-Term Business Plan, which covers the three fiscal years beginning with the one ending March 31, 2018, our top priorities are to revitalize the competitiveness of the domestic AUTOBACS business and develop future growth drivers to address medium-to-long term changes in our business environment. By also advancing reforms in our cost structure, we aim to improve our earnings performance in the near term and achieve new growth.

Consolidated Group Vision (to be achieved by March 31, 2020)

By turning around the domestic AUTOBACS business and reforming our cost structure, we will improve our business performance and achieve consolidated ROE in excess of our weighted average cost of capital. Furthermore, we envision that our revitalized domestic AUTOBACS business and newly developed key earnings sources will enable us to record even higher earnings and consolidated ROE under our next Medium-Term Business Plan.

Basic Directions

• Revitalize the competitiveness of the domestic AUTOBACS business
• Create workplaces that are invigorating for employees
• Reform the cost structure and increase asset efficiency
• Achieve stable, high-level returns to shareholders by increasing earnings
• Make new businesses and overseas businesses into growth drivers

Management Targets (Fiscal year ended March 31, 2020)

Growth Vision