Integrated Report 2020

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6LINTEC Integrated Report 2020Single-year planThree-year medium-term business planThree-year medium-term business planThree-year medium-term business planNew Growth StrategyFormulation based on the concept of “back-casting,” where you begin by envisioning the future state you wish to achieve, and from there plan the necessary concrete steps to achieve itA year to create a long-term vision and gain a foothold for a sustainable growthApril, 2020– March, 2021April, 2021– March, 2024April, 2024– March, 2027April, 2027– March, 2030Our Vision for where we want to be 10 years from nowEach three–year medium-term business plan as a milestone20202030Future Management PoliciesOriginally, we intended to start the new medium-term business plan from April 2020. However, if we aim to gen-erate results simply by extending existing business opera-tions, then we will not have a bright future. Furthermore, the application of accounting standards related to revenue recognition will become mandatory from April 2021, and this is expected to have a significant effect on net sales and profitability. Accordingly, we positioned the fiscal year ending March 31, 2021, as A Year to Gain a Foothold for the Next Stage of Growth under a single-year plan. We decided to advance preparations for and consideration of the long-term vision and medium-term business plan and to start the new medium-term business plan from the next fiscal year, based on the concept of backcasting.We are currently advancing the detailed formulation of the long-term vision and the medium-term business plan, but they will outline what we expect for the Company in the years ahead. For our stakeholders, we will announce our vision for 10 years into the future, and we will strive to steadily implement strategies to achieve that vision.A Message from the President