Wacoal : Our Group Initiatives for the Fiscal Year Ending March 31, 2024
June 27, 2023 at 06:24 am EDT
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Our Group Initiatives
for the Fiscal Year Ending March 31, 2024
May 19, 2023
Wacoal Holdings Corp.
1
Wacoal Holdings Mission
*Reiteration from June 3, 2022 Mid-term Management Plan Summary
Mission
Founding Principles
WACOAL empowers people with the confidence that comes
from looking and feeling their best.
As a global leader, we welcome everyone into our caring community built on mutual respect, diversity, and inclusion.
＜Our Culture＞
＜Our Promise＞
＜Our Values＞
We, the employees and
We will contribute to society by
Create products loved by customers
management of WACOAL, will
helping women to express their
Develop new products that meet the needs of
maintain a refined corporate
beauty.
the times
culture based on mutual trust and
Conduct business in a fair manner with a
will continually strive to make the
forward focus
Company a global leader in the
Build a better Wacoal through better human
industry.
resources
Fear not failure and boast not of success
2
What We Aim For in VISION 2030
*Reiteration from June 3, 2022 Mid-term Management Plan Summary
Evolve and grow into the global Wacoal Group by utilizing our elevated minds and quality through beautifying and enriching each individual's body
Medium- to Long-term
Management Strategy Framework
VISION 2030
Management Strategies
Materialities (Material Issues)
Behavioral Guidelines for Executives and Employees
Create
Expectations
×
Respond to
Requests
×
Commitment
Achieve global growth
Provide greater value / Expand our business areas
Create a culture where diverse human resources can play active roles
Have an operating margin and ROE around 10%
Solve materialities (material issues)
(Strengthen responses to environmental and social issues)
Continuously improve the executive compensation system
Optimize the Board of Directors' member structure
Optimize the capital structure
3
3
VISION 2030 Management Strategies *Reiteration from June 3, 2022 Mid-term Management Plan Summary
Create New Value from an Innovative Perspective and Achieve Sustainable Growth
VISION 2030
Management Strategies
Business areas (Categories to strengthen moving forward)
"Beauty" "Comfort" "Health"
We will cultivate and expand the beauty, comfort, and health areas with new
Promote
Sustainability
Management
4
Improve domestic
profitability and expand
our business areas
Expand overseas businesses
and transform them into high-revenue structures
Strengthen the Group's management capabilities
Shift to more capital efficient management
products and services backed by our elevated minds and quality
Review of the first year of the medium-term plan (FY2023-FY2025)
The strategy's effectiveness has not improved both in Japan and overseas, and our performance is significantly lower than the initial plan. The gap with the target for the final year of the medium-term management plan is widening
（billions of yen）
Japan
Overseas
205.0
205.0
220.0
188.6
172.1
Overseas Business
70.1
vs initial plan
vs FY2023
73.5
86.8
+13.3
-3.4
66.7
＋6.8
59.2
（-5％）
（＋10％）
Revenue
112.9
134.9
vs initial plan
121.9
vs FY2023
131.5
Domestic business
133.2
-13.0
＋9.6
+1.7
（-10％）
（＋8％）
FY2022
FY2023 initial plan
FY2023 results
FY2024 plan
FY2025 plan
16.0
6.2
7.0
Overseas Business
事業
6.0
+2.7
vs initial plan
Business
2.4
4.1
利益
＋0.7
9.8
profit
vs FY2023
3.5
Domestic business
（＋28％）
0.5
3.1
＋0.4
4.6 vs initial plan
（＋13％）
2.5
+7.3
1.8
-3.6
1.0
vs FY2023
-1.3
（-78％）
＋1.5
（＋144％）
FY2022
FY2023 initial plan
FY2023 results
FY2024 plan
FY2025 plan
5
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Disclaimer
Wacoal Holdings Corporation published this content on 27 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2023 10:23:08 UTC.
WACOAL HOLDINGS CORP. is a holding company mainly engaged in the manufacturing and wholesale of innerwear, which include women's foundation wear, lingerie, nightwear and children's underwear; outerwear; sportswear, and other textile goods and related products, as well as the direct sale of certain products to consumers. The Company has four segments: Wacoal business (Domestic), Wacoal business (Overseas), Peach John Business and Other. The Wacoal Business (Domestic) segment is engaged in the planning, design of products, the procurement of raw materials, as well as the provision of products to end consumers through domestic department stores, mass retailers and other general retail stores, directly managed stores, e-commerce sites and domestic and overseas sales companies. The Wacoal Business (Overseas) segment manufactures, sells products such as innerwear. The Peach John Business segment retails products. The Others segment include the manufacture and sale of mannequin dolls.
WACOAL HOLDINGS CORP. 
