Mitsubishi Kakoki Kaisha has started its new Medium-term Management Plan for three years from this year as a company aiming to bear the mission to be a “partner for customers’ decarbonization.“

The company posts a numerical target of sales amount at 90 billion yen, an operating income margin at 9% or more, PBR above 1 and ROE at over 12% 

The company plans to establish the GX business, reinforce a shareholder return, implement a growth investment and permeate the ROIC (Return on Invested Capital) management,

so that it can carry out business and financial strategies on a stronger management basis.   

Although the sales target is 1.5 times higher than the latest performance account, President Toshikazu Tanaka spoke in his financial result briefing on June 9, “Although it is a challenging target, we intend to establish a GX business for a progressive business portfolio and aim to establish the target taking advantage of the tailwind of external environment (because of the trending decarbonization).”     

Regarding the products and services which are the highlight of the GX business in the new medium-term management plan, the company aims to launch into the market during the mid-term period the low-carbon hydrogen, CO₂ recycling, methanization, ammonia reformation, in addition to the commercialization of products through the selection of GX-related products such as the current engineering business, hydrogen generation from the single machine business, hydrogen stations, bio-gas technologies and energy-saving medicine technologies.    

Mitsubishi Kakoki Kaisha plans to invest 3 billion yen for the GX (green transformation) business, setting a sales target at 23 billion yen for 2027 of the last term of the Medium-term Management Plan and more than 50 billion yen for 2035 respectively.  

In addition, as for the previous mid-term plan, the company achieved all of the targets for the last year of the plan in sales, operating income margin, ROE and dividend payout ratio.

The order received of FY2024 term ending March marked a record-high volume thanks to the Nippon Steel’s order for the large-size hydrogen generator to verify hydrogen reduction steelmaking (two lines of 37,500 Nm³/h each).