Sumitomo Seika has made out a new mid-term business plan for 3 years ending 2020 with sales targeting at JPY130 billion up 49% over the result in FY2015, operating income at JPY13 billion up75%, and posted the planned rates of 10% for operating income and 10% for ROE. The new plan is intended to post an action plan to ensure and accomplish the given targets at the turning point of the corporate midterm business plan SEIKA Grand Design 2025 ‟URUOI‟ for a period of 2016 to 2025.

In terms of the sales target by segment, the planned sales of gas engineering is JPY20 billion up 25%, water-absorbing resins at JPY90 billion up 25.8% and chemicals at JPY20 billion up 9.2% comparing with the result of 2017.

Regarding the gas engineering business, the company intends to aim at an expansion of about JPY4 billion for a period of three years, practically reinforcing a teamwork of three local bases of gas production located in Taiwan, Korea and China in order to realize a lager business scale. In China there is a background that the electronics industry is being backed by all the might of whole nation launching the tax cutting measure for semiconductor manufacturers so that the current heavy dependence semiconductor on import can be shifted to the domestic production.

Along with the consequent investment plan of semiconductor manufacturers, the advanced technology with highly micronized and laminated semiconductors, the company is aiming at the quick supply of electronics gases which is required by users for membrane making or etching. In the field of engineering like PSA-type gas purification, the company is planning to create new business opportunity including an active promotion to get orders for biogas power generation plants based on the fermentation technology of Xergi of Denmark with which the company signed a technological agreement in March 2017.