At the beginning of fiscal year 2012, GLORY launched the 2014 Medium-Term Management Plan. Everyone at the GLORY Group is firmly committed to fulfilling the new targets in this plan.

The 2011 Medium-term Management Plan, which ended in March 2012, had three strategies: the Business Strategy, Constitutional Strength Strategy, and Group Structure Strengthening Strategy, results of which are as follows;

The Business Strategy: While domestic business, our core business, was strong, overseas operations, which we positioned as a growth business, will most likely fall short of the initial target in the plan because of shockwaves from the Lehman’s fall and the European debt crisis. Nevertheless, sales have been growing steadily in China, India and other Asian countries as we channeled substantial resources into this region.

The Constitutional Strength Strategy: Four reforms including product development reform, production and procurement reform, distribution reform, and sales reform were implemented. Some achievements were made in increasing the overseas production and overseas procurement ratios, leading to higher cost effectiveness.

The Group Structure Strengthening Strategy: Various initiatives produced some achievements including establishment of International Business Headquarters and Domestic Business Headquarters, integrations of group companies, and the adoption of many new personnel systems.

On February 27, 2012, we announced the Long-Range Vision 2018 that clearly defines the goal we want to achieve as we approach our 100th anniversary in 2018. We also announced the 2014 Medium-term Management plan, which is positioned as the first step toward reaching the targets of the long-range vision. (For more information, see the Long-Range Vision 2018 and 2014 Medium-Term Management Plan pages of this website.)

The Long-Range Vision 2018 has two basic policies: To create new value through “superb manufacturing techniques” and pursue dreams for the future, and to seek sustained corporate growth with society through CSR activities. GLORY Group will endeavor to meet the expectations and needs of the public through extensive CSR activities. At the same time, we will be conducting business activities in a manner that takes full advantage of our “superb manufacturing technologies.”