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Medium-term Management Plan

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New Medium-term Management Plan
“DRIVE NTN100” Final		 (PDF: 1KB)

Photo:New Medium-term Management Plan “DRIVE NTN100” Phase3

“DRIVE NTN100” Final

The NTN Group's Vision for FY2035

Figure:The NTN Group's Vision for FY2035

Basic Strategies of “DRIVE NTN100” Final

Figure:Basic Strategies of “DRIVE NTN100” Final

New Organization to Promote Transformation of Business Structure

  • Strengthen our supply capabilities and proposing optimal solutions for sales expansion in aftermarket business by consolidating bearing business and integrating OEM and aftermarket
  • Increase profits and respond to new needs such as electrification in CVJ/Axle business

Figure:New Organization to Promote Transformation of Business Structure

Management Indicators of “DRIVE NTN100” Final

Figure:Management Indicators of “DRIVE NTN100” Final

Evolution of ESG management

E:Environment

Promote activities to achieve CN

  • Reduce CO2 emissions by more than 30% by FY2026 compared to FY2018 toward achievement of carbon neutrality
  • Develop and provide products and services that reduce energy loss to the utmost limit

Figure:Global CN Target and Results

S:Social

Fulfill prosperous human development

  • Secure and develop diverse human resources
    • Expand support for self-directed career development
    • Establish the job-standard manager personnel system
    • Introduce performance-linked compensation (bonus) system
    • Develop next-generation management
  • Foster an organizational culture
    • Strengthen support measures for balancing work and childcare/elderly care
    • Enhance employee engagement through workplace improvement activities etc.
    • Implement and continue town hall meetings by management

G:Governance

Advancement of governance

  • Evaluate after transition to a Company with a Nominating Committee, etc. and promote continuous improvement activities
  • Dialog between Outside Directors and stakeholders
  • Enhance and strengthen internal controls based on Internal Control Policy
  • Strengthen risk management system

Basic Policies and Strategies by Business Sector: Bearing and others

Figure:Basic Policies and Strategies by Business Sector: Bearing and others

Basic Policies and Strategies by Business Sector: CVJ/Axle

Figure:Basic Policies and Strategies by Business Sector: CVJ/Axle

Policy of Return to Shareholders

  • Continue to implement dividends according to business results in a stable and continuous manner from a medium-to-long-term viewpoint
  • DOE2.5% is the lower limit and we aim to DOE4% after accomplishing the target of “DRIVE NTN100” Final

Figure:Policy of Return to Shareholders

Cost of Capital and ROE: Current Status and Future Targets

Figure:Cost of Capital and ROE: Current Status and Future Targets

For improvement of ROE

Figure:For improvement of ROE