Our 11th three-year middle-range plan calls for the Mandom Group to accelerate growth and launch new businesses in Asia, acting as a comprehensive global company with particular strengths in Asia to expand our revenue base.
Specifically, we plan to outperform our MP-10 plan based on strategies for achieving sustainable growth in our core men's grooming business, accelerating expansion of the women's cosmetics business, and continuing to expand our global business as an engine of growth. We believe MP-11 will guide us to a new stage in profitability and in maintaining high and consistent shareholder returns.
Increase activity to establish competitive advantage in major markets; grow sales by developing new markets and businesses
Final-Year Goal: Consolidated Net Sales of ¥83.0 billion
Invest in marketing to drive growth; steadily improve profitability
Final-Year Goal: Consolidated operating income of ¥8.6 billion
High and consistent shareholder returns
Ongoing Target: Consolidated payout ratio of 40% or higher