Medium-term Plan

As we celebrate the OLC 50th Anniversary in 2010, we have formulated the 2013 Medium-Term Plan (fiscal year ending March 31, 2012 to fiscal year ending March 31, 2014), a new medium-term plan for the next three fiscal years.

Positioning of the 2013 Medium-term Plan
With the aim of achieving the long-term sustainable growth of our corporate value, we will continue to innovate and reinvent ourselves in order to create new value on a consistent basis while responding to the changing environment, such as shifts in the demographic landscape, expected in the future.
位置づけ

Overall Structure of the 2013 Medium-term Plan
We will “continue to generate a high level of free cash flow”based on our first policy of “sustainable growth of the core business” and will allocate such cash flow toward our second policy of “reinforcement of the foundation for long-term sustainable growth.”
At the same time, we will continue our efforts to improve ROE.

基本方針

Target
In the 2013 Medium-term Plan, we aim to generate ¥120.0 billion level of free cash flow for three years.

目標値

Usage of free cash flow

As for the usage of free cash flow, we would like to allocate these resources as follows.

1.Investment in new growth areas
  Establish a policy during the period covered by the 2013 Medium-Term Plan.
2.Stockholder returns
3.Reduction of interest-bearing debt（To secure reserves to invest in new growth）
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