Mid- to Long-Term Management Plan
In April 2023, Kureha promotes sustainability-focused management to continually strengthen the Kureha Group, with the dual goals of improving mid- to long-term corporate value and contributing toward a sustainable society. To this end, Kureha Group has formulated a new Corporate Philosophy, Vision, and Management Policy for FY2030, as well as a new mid- to long-term management plan, Toward Creating a New Future (FY2023-2030). In May 2024, Kureha has formulated the “Kureha Group Medium- to Long-Term Management Plan, the Rolling Plan 2025” as a plan until the fiscal year 2025.
Kureha Group Corporate Philosophy/Kureha Vision
The world is seeing sweeping societal and economic changes. In the wake of a pandemic caused by an outbreak of a new virus, we see escalated tensions and conflicts between nations, heightened geopolitical risks, and restrictions and divisions in the movement of people and goods. With climate change-induced alternations to the global environment causing an increase in natural disasters, companies must contribute to the realization of a sustainable society by achieving carbon neutrality, securing energy and food supplies, and reducing environmental impact for the conservation of water resources and biodiversity.
In response to these changes surrounding the business environment, we have revised our corporate philosophy into a new Kureha Group Corporate Philosophy. To clarify our aims as a corporate group, we have also defined a new Kureha Vision, in which we strive to be “a specialty solutions company that leverages proprietary technology and contributes to a new future for society."

The Management Policy
To realize the Kureha Vision, we have established three objectives and three priority measures.

Objectives
Continuous enhancement of economic value
- Kureha group will focus its resources on the three key business fields of Environment and Energy, Life, and Digital Communications in order to enhance economic value
- We will raise the performance of existing products and expand the value chain from a market-in perspective, strengthen our ability to propose cost-competitive solutions to customers
Contribution toward resolving social issues
- Kureha Group products, technologies, services, which have been contributing to society, will be further evolved through the integration of in-house technology development and external technology to expand the range of products, technologies, and services provided to society
Contribution toward reduced environmental impact
- We will strive to achieve carbon neutrality by FY2050
- We will pursue the advancement of production technology suitable for recycling-oriented production and reduce our environmental burden by promoting waste reduction and recycling
Priority Measures
Reviving Kureha’s technology-driven focus
- We will accelerate the development of differentiated products by heavily concentrating resources into R&D for new product development and environmental load reduction technologies
- Through co-creation/collaboration with other companies, M&A, and other means, we will integrate our proprietary technologies with external technologies to create and expand new businesses
- We will build a production system for growth businesses and strengthen production technology and engineering capabilities to reduce our environmental impact
Strengthening the management base
- We will continue to strengthen our organization to promote sustainability management
- We will effectively utilize the management resources of the Kureha Group and build a strong consolidated business foundation
- We will promote a digitalization strategy that enables advanced management by linking the latent needs of customers and society with R&D, manufacturing, and sales in the value chain
Synergism between company and employees
- Harmonize and unify employee satisfaction with our corporate mission, with the aim of growing both employees and the company
- Enhance communication between the company and employees and value employees who try their best
- Respect the diverse values and positions of employees, create a comfortable work environment, and actively provide employment opportunities
New Mid-to Long-term Management Plan
Kureha Group’s New Mid-to Long-term Management Plan
Toward Creating a New Future (FY2023-2030)
Under the new corporate philosophy and Kureha Vision, the Kureha Group's new medium- to long-term management plan, "Toward Creating a New Future" which looks ahead to fiscal 2030, has started.

Quantitative target for FY2030 ※
Revenue | 280 billion yen |
---|---|
Operating profit (Operating margin) |
35 billion yen or more (12.5%) |
ROE | 9.0% or more |
Reduction of CO2 emissions from energy sources |
30% or more compared with FY2013 levels |
Zero waste emission ratio | 1.5% |
※ The performance targets and key performance indicators for FY2030 will be released at the time of the announcement of the next medium-term management plan starting from FY2026.
Rolling Plan 2025
Revenue | 185 billion yen or more |
---|---|
Operating profit (Operating margin) |
20 billion yen or more (10.8% or more) |
ROE | 8% or more |
PBR | 1.0 or above |
Performance Targets by Segment
(billion yen)
FY2023 Actual |
FY2024 forecast |
FY2025 plan |
FY2030 target ※ |
|||||
---|---|---|---|---|---|---|---|---|
Revenue | Operating profit |
Revenue | Operating profit |
Revenue | Operating profit |
Revenue | Operating profit |
|
Advanced Materials | 64.5 | 4.8 | 70.0 | 5.7 | 81.0 | 10.0 | 170.0 | 23.0 |
Specialty Chemicals | 33.9 | 1.7 | 29.0 | 1.0 | 30.0 | 1.0 | 34.0 | 2.0 |
Specialty Plastics | 47.3 | 8.2 | 40.0 | 5.2 | 44.0 | 7.0 | 42.0 | 7.5 |
Construction & Other | 32.2 | 3.9 | 31.0 | 2.1 | 30.0 | 2.0 | 34.0 | 2.5 |
Corporate adjustments | (5.8) | |||||||
Consolidated total |
178.0 | 12.8 | 170.0 | 14.0 | 185.0 or more |
20.0 or more |
280.0 | 35.0 or more |
※ The performance targets and key performance indicators for FY2030 will be released at the time of the announcement of the next medium-term management plan starting from FY2026.
Advanced Materials |
Battery material: polyvinylidene fluoride (PVDF) Advanced plastics:polyphenylene sulfide(PPS) Polyglycolic acid (PGA) Resin Carbon materials:carbon fiber、bead-shaped active carbon |
---|---|
Specialty Chemicals |
Agricultural fungicide Therapeutic agent for chronic renal failure Industrial Chemicals:Inorganic Chemicals、Organic Chemicals |
Specialty Plastics |
Household Products Commercial-use food packaging materials |
Construction & Other |
Construction services Environmental Services |
Environmental Impact Reduction Targets
-
CO2 emission reduction
30% or more
(vs. FY2013 results)Working to establish the technology that enables the use of CO2-free, regenerative energy, partially replacing coal, at our primary power plant of the Iwaki Factory
-
Zero waste emission ratio
1.5%
- Reduce the amount of waste sent to landfill by recycling plastic wastes generated from our manufacturing activities
- Improve our manufacturing processes with aims to further reduce waste generation and convert wastes into valuable resources

Shareholder Return Targets
Payout ratio
Kureha’s basic policy on the distribution of earnings is to maintain stable dividends with a target dividend payout ratio of 30% or more, while enhancing internal reserves to enable active investment in future business expansion. Moreover, a minimal annual dividend is set at ¥86.7 per share until FY2025.
Total payout ratio
We aim for a total payout ratio of 50% or more through share buybacks and acquire approximately ¥40 billion in treasury stock during the three-year period from FY2023 through FY2025.

R&D and Technology Development Targets
Environment and Energy
- Develop our technologies to improve the performance of advanced materials such as PVDF and PPS, while reducing environmental impact and manufacturing costs
- Launch SiC fiber product differentiated by performance and cost and enter the aerospace industry
- Establish technological foundations to achieve carbon neutrality
Life
- Continually develop and launch agrochemicals to contribute to sustainable agriculture and stable food supply
- Develop products that contribute to reduction of environmental impact
Digital Communications
- Bring 3D touch panels to market
- Establish and bring to market differentiated technologies for semiconductor applications
Kureha Mid-/Long-Term Management Plan (FY2023-2030)