Management Policy

Management Policy

Basic Management Policy

We hold to the ideals of “customer orientation,” “efficient management,” and “social contribution” as our corporate philosophy.
That is, we work hard to gain the trust of our customers by engaging in business practices that are always focused on our customers.
In addition, we not only strive to provide our customers with products that have the very best quality, but we also reduce costs to secure a fair return. We are dedicated to supporting highly efficient business operations that achieve a balance between quality and profit.
Furthermore, we work hard to form a niche in society by making contributions through our business activities to society.
Based on the corporate philosophy noted above and our current status as a company, we engage in business practices which embrace “innovation,” “trust” and “promptness” as our guiding principles.

Target Management Indicators

The Titan Kogyo Group established its Sixth Mid-Term Management Plan (FY2021–2023) with the short-term goal of reforming its cost structure to generate profit even in times of slow sales recovery. We also aim to build a strong corporate structure in these three years which does not waver in times of emergency. We are taking on management activities with this plan’s numerical targets of a 9% return on sales(ROS) and an 8% return on equity(ROE) for FY2023 as our management indicators.

Mid- to Long-Term Corporate Management Strategies and Issues to be Addressed

As the Titan Kogyo Group moves forward in dealing swiftly with pressing issues arising from the COVID-19 pandemic, we have considered what kind of company we hope to be in ten years and established the Sixth Mid-Term Management Plan, backcasting what we would like to achieve in these three years.

An outline of the Sixth Mid-Term Management Plan is as follows:

Basic Policy

Higher profitability and the implementation of our growth strategy, stronger risk tolerance, and contribution to the environment and society define our basic policy. With this, we will strive to move forward with our endeavor to improve profitability with cost reductions as well as the realization of our growth strategy and streamlining of our management resources while heightening our risk tolerance and reinforcing our management base. And through the pursuit of creating a sustainable future in which our company can prosper together with society, we aim for early recovery of earnings which have taken hits and to improve our corporate value.

Business Strategy

Our business strategy entails increasing our sales through more of a presence in overseas cosmetics markets, expansion into new uses, and the like due to greater particle titanium oxide production. We will improve profitability to strengthen our grounding and risk tolerance.

ESG Management

Titan Kogyo is looking ten years into the future as it promotes ESG management with the SDGs in mind to contribute to the creation of a sustainable society. We will move forward in mitigating environmental load through such acts as energy conservation, waste reduction, and prevention of marine pollution.
When it comes to governance, we will handle various issues such as the demonstration of our board of directors’ functionality, ensuring diversity among core human resources within the company, and efforts surrounding sustainability issues. We will strive for a higher level of governance required by a listed company entering prime, new market segments of the Tokyo Stock Exchange.

Dividend Policy

Acquired funds are steadily saved for future investments and to ensure risk tolerance while also being used as repayment for borrowings. They are also used as appropriate return to shareholders with consideration to the fortification of our financial strength.
Our shareholder return policy entails gradually increasing dividends in accordance with profit growth over three years for stable dividend distribution.

Numerical Plan (Consolidated)

Performance Plan period
FY2019 FY2020 FY2021 FY2022 FY2023 Numerical target
Sales (million yen) 8,761 6,284 7,820 9,000 9,600
Operating profit (million yen) 514 -64 280 500 860
ROS(%) 5.9 -1.0 4 6 9 9
ROE(%) 6.5 -2.9 2 5 8 8
Yearly dividend (yen/share) 30 10 10 20 30

Descriptions pertaining to the future, such as earnings estimates, have been created based on information available as of May 14, 2021. Actual earnings may differ from estimates due to a variety of factors.

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Management Policy

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Dream materials company
 Titan Kogyo ,Ltd.