On June 15, New Cosmos Electric announced that it had composed its Mid-term Business Plan 2012-2014. During this 3-year period the target for sales is an increase of 9.3% over 2012, amounting to 20 billion, with operating profit up by 17.2%, reaching 2.08 billion, with operating profit ratio up by 10.4%, and overseas sales totaling 2.5 billion.

This plan pursues the corporate mission even further which involves “The creation of a safe, reassuring, and pleasant environment based on sensor technology.” It will benefit from appearance of new markets such as those for new energy and the smart grid. The company will also be taking advantage of the possibilities for market expansion accompanying the economic development of the newly emerging nations such as China, as well as India and the ASEAN nations. They have decided to expand their sales offices and agency network. This is part of their major policy which involves expansion of overseas business, and development in the security and fire prevention areas involving the development of their gas detector business. They will also be putting effort into the field of the new application of gas sensors.

While a candidate site has yet to be determined, the company will invest around 2 billion yen to construct a new gas sensor plant. It will update its core systems, and construct a training center. To do all of this the company will make an investment totaling 5 billion yen, including normal investment. The aim of all of this is to expand its sales base, and management setup in order to develop its business.