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FUTURE The Future of Shima Seiki

Toward a new growth stage,
we will drive innovation in manufacturing and distribution.

Shima Seiki will continue developing new technologies
under our corporate motto “Ever Onward.”
The company aims to become an indispensable company
for society.

Medium-Term Management Plan

Ever Onward 2023 (FY2021-FY2023)

We announce that we have formulated our medium-term management plan III,
"Ever Onward 2023." This plan states our corporate vision over the three years from April 2021.

Corporate philosophy / Mission

Ever Onward －Limitless Progress

We strive to become an indispensable company
to the society through sustainable business development.
We do this under the motto of "Ever Onward" with "love", "creation" and "passion" as our mantra.

Love
We contribute to society through our creative craftsmanship,
which is friendly to both people and the environment.
We strive to contribute to society through love for our work,
people, country, community and the earth.
Creativity
We aim to create world’s firsts through our finely honed
sensitivity and sense of creativity.
Passion
We tackle new challenges with passion and chart our own future
course by putting our all into our products and services.

Our vision for where
we stand in 10 years’ time

  • SHIMA SEIKI has evolved into a “problem solving company” that contributes to the growth of the fashion industry through our widely-adopted creative technology.
  • SHIMA SEIKI has evolved into a “sensitivity- and information- based company” that contributes to the growth of other industries by leveraging its strengths developed in the fashion industry.

Keywords

Reform and Revival

  • Reform
  • Revival

Corporate renaissance by transforming the mindset and speed of each and every employee

Outline ofEver Onward 2023

Priority Measures and Business Domain

Ever Onward
Direction of business
Priority Measures and Business Domain
Priority Measures and Business Domain

Management Targets

  • These targets are positioned as milestones for the future
  • We aim to further increase corporate value by achieving our mission

(billions JPY)

FY 2017
Result
FY 2020
Result

FY 2023
Target

Percent change
2020 to 2023

Result
Net Sales
71.8
24.4

54.0

+121%

Net Sales 71.8 24.4 54.0 +121%
Operating
Income
14.9
-9.1

2.0

―

Operating Income 14.9 9.1 2.0 ―
Ordinary
Income
15.5
-7.2

2.5

―

Ordinary Income 15.5 -7.2 2.5 ―
Net Income
11.2
-17.8

2.0

―

Net Income 11.2 -17.8 2.0 ―

Initiatives for the Realization of
a Sustainable Society

We recognize our contribution to the realization of
a sustainable society as one of our most important issues

SHIMA SEIKI takes initiatives at both the “product-” and “company-” level in
order to achieve Sustainability Development Goals(SDGs).

InitiativesAdvancing our initiatives on
mainly 9 issues for 2030 target

Products Level

9. INDUSTRY, INNOVATION AND INFRASTRUCTURE
Digitalization of
fashion industry
12. RESPONSIBLE CONSUMPTION AND PRODUCTION
Reducing inventory
loss of
knitted products

Company Level

5. GENDER EQUALITY
Increasing
the number of
female managers
8. DECENT WORK AND ECONOMIC GROWTH
Increasing
utilization rate of
paid-leave
6. CLEAN WATER AND SANITATION
Appropriate waste
water treatment
from factories
11. SUSTAINABLE CITIES AND COMMUNITIES
Reducing discharge
amount of
chemical waste
13. CLIMATE ACTION
Reducing
CO2 emissions
 
 
7. AFFORDABLE AND CLEAN ENERGY
Increasing
the usage rate of
renewable energy
15. LIFE ON LAND
Increasing
the green space
area ratio
SUSTAINABLE DEVELOPMENT COALS SUSTAINABLE DEVELOPMENT COALS

Investment Plan

Continuation of aggressive investment from mid-to long-term perspective

  • Continuation of high-level R&D investment
  • Advancement of automation for increased production capabilities
  • Personnel training from company-wide perspective, Investment in human
    resources from mid-to long-term perspective
  • Setting investment credit limit of 2 billion JPY for reinforcing existing business and creation of new business
  • Reinforcing environmental investment

Investment Plan graph

Shareholder returns

⑴ Policy on profit return
SHIMA SEIKI considers profit return to shareholders as one of its highest management priorities. Our fundamental policy is to continue providing stable dividends over the long term in line with sustainable business expansion.
On this basis, we strive to allocate profits in a balanced manner, while maintaining the internal reserves for long-term investment in growth and future business expansion.
⑵ Guidance on shareholder returns
(three years from FY2021)
Consolidated payout target ratio of 30%
We strive to achieve surplus and execute consolidated payout target ratio of 30% for shareholder returns. We will also strive to increase capital efficiency through measures such as purchasing treasury stock in a timely and expeditious manner by taking into consideration such factors as our share price level, cash position, and market environment.

Overseas Market Potential

The company's overseas sales account for about 80% of its total sales, which involves Italy, the center of the fashion industry, China, the largest knit production site in the world, and Bangladesh and ASEAN countries that are expanding as new production bases. Centering on local companies in China, Hong Kong, Vietnam, Italy, the United Kingdom, and the United States, we have built service networks in each country to roll out our businesses and services globally.

  • Overseas sales ratio
    about 80%
  • Number of bases
    about 81countries
34countries

Europe

13countries

Middle East and Africa

20countries

Asia and Oceania

13countries

North, Central, and South Americ

Sales Ratio by Region

Total Fashion System

Shima Seiki provides design systems capable of handling every operation required in the apparel industry ranging from product planning and production management to sales promotion. They help reduce time and costs in every stage of the production process, such as planning and sample development, and thereby contribute significantly to improving the business efficiency of the apparel industry. Shima Seiki offers a total fashion system by drawing on its design system and brings change to the apparel industry by significantly streamlining planning and production processes. In recent years, the company has offered manufacturing applying the total fashion system to various fields other than apparel, such as interior, automotive, aerospace, and industrial materials.

* Our company likens the concept of All in One to a big tree. It symbolizes the message that, just like a big tree with many branches, we will provide products that can meet segmentalized manufacturing needs by using our design systems as a core.

Evolving Knit Products

Shima Seiki's proprietary WHOLEGARMENT widens the horizon of knit products via its three-dimensional formation, producing a wide range of items ranging from simple pullovers to unprecedented products.
Moreover, WHOLEGARMENT achieves unprecedented designs, beautiful silhouettes, high motion performance, high productivity, and production efficiency, as well as labor and resource saving. In short, it is the ultimate knitwear in all aspects.
WHOLEGARMENT technology has enabled the production of seamless tubes and other three-dimensional shapes, and has attracted much attention from various industries other than fashion, such as the interior, sports, healthcare, automotive, aerospace, and industrial materials.

  • Safety&Protection
  • Sports
  • Healthcare
  • Smart Textiles
    Photo：Courtesy of Drexel University
  • Aerospace

    Product：Cooling by Space Technology Undergarment, Vest Type.Planning：Public Interest Incorporated Foundation Nippon Uniform CenterManufacturing and Marketing：Teikoku Sen-i Co., Ltd.

  • Home Furnishings
  • Industrial Materials

Manufacturing Innovation

The WHOLEGARMENT flat knitting machine significantly contributes to the rationalization of production by eliminating the sewing stage, which requires the longest amount of time in the production process. Moreover, the virtual simulations of the design system have dramatically reduced the amount of time required to create samples, which used to be a bottleneck in the product planning process, achieving significant cost reduction. The WHOLEGARMENT machine combined with a design system has facilitated the transformation of the textile industry from a labor-intensive industry into a sensitivity and information-based industry that can manufacture products and create added value at consumption sites. In short, it achieves manufacturing that fully leverages resources and time. Moreover, the company also offers yarnbank, a website of yarn data opened with spinning companies, and Shima KnitPLM, a production control system that enables the visualization of all production and manufacturing processes. Through these efforts, the company will continue to support manufacturing in the fashion industry at every stage and thereby contribute to the vitalization of the industry.

Quality Improvement
Cost Reduction
Time Reduction

INNOVATION

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