Long-term vision (What We Would Like to Be in 2030)
A leading company that delivers friendly foods for people and the earth
Based on our mission, we have set our vision for 2030 as "a leading company that delivers friendly foods for people and the earth."
In order to realize our long-term vision of "Good Foods 2030," we will strive to improve our corporate value by accelerating "sustainability management" that creates value for a sustainable society with consideration for multi-stakeholders and strengthening "business portfolio management" that concentrates management resources in growth fields through the use of ROIC.
We will accelerate growth in overseas markets, growth and differentiation in the aquaculture business and fine chemical business, and create environmental value, social value, and value in human resources.
We will aim to be a company that can earn 1 trillion yen in net sales, 50 billion yen in operating profit, with 50% of net sales at overseas location.
Mid-Term Business Plan "Good Foods Recipe1"
We started the Mid-term business plan "Good Food Recipe1" from 2022 to 2024. The plan is "the first recipe" to achieve its long-term vision in 2030.
Financial KPIs of Mid-term business plan "Good Foods Recipe1"
The six strategies of Mid-term business plan "Good Foods Recipe1"
There are six basic strategies to achieve the Mid-term business plan.
i. Sustainability Strategy
We will tackle the issues, such as health promotion, CO2 and plastics reductions, sustainable usages for marine resources, responsible procurements, and diverse human capitals.
ii. Global expansion strategy
Nissui will expand marine and food businesses in Europe and the US, establish businesses in Asia, and increase omega3 sales to pharmaceutical industry.
The company aims to achieve the global sales from 34% in 2021 to 38% in 2024.
iii. New business development strategy
By strengthening marketing and R&D, the company will strive to meet customers' demands, promoting healthy food solutions, user-friendly product solutions, plant-based products, and marine food delivery solutions.
iv. Innovations of productivity strategy
We will improve quality and speed of its value creation activities by using AI/IoT technology and digital transformation especially in aquaculture and food productions.
v. Financial Strategy
In addition to its profitability, the company will do its best to improve ROIC on each business. The company intensively invests its assets into high ROIC businesses and build its appropriate business portfolio.
Continuously investing for its future growth, we try to allocate cash to dividends and aims to achieve 30% of payout ratio. The total investment will be 120 billion JPY (95 billion JPY for equipment and 25 billion JPY for M&A).
vi. Governance strategy
We will examine diversity and required skills, etc., and aim for the optimal composition of the Board of Directors. In addition, we will strengthen Group governance by rebuilding the nomination and remuneration system for Group company officers, improving the effectiveness of the Board of Directors of Group companies, and promoting preliminary screening and post-implementation monitoring of investment execution.
Click here for details of the medium-term management plan "Good Foods Recipe1."