Notice of Formulation of Medium-Term Management Plan “Chori Innovation Plan 2028”

Overview of the Medium-Term Management Plan

Chori Co., Ltd. has formulated a three-year medium-term management plan, "Chori Innovation Plan 2028 (CIP2028)," targeting the fiscal years 2026 to 2028. The basic policy is the promotion of "Expertise × Global × Business Investment," aiming at growth in the global market and expansion of business domains. The plan sets targets of 500 billion yen in net sales, 30 billion yen in operating income, 6% operating margin, and 50% ratio of overseas sales, strengthening overseas business leveraging advanced expertise as a strength. Additionally, the company will actively invest in strengthening the supply chain, M&A, and promoting DX to become a continuously chosen trading company.

Review of the Previous Medium-Term Management Plan and Future Challenges

The previous medium-term management plan, "Chori Innovation Plan 2025," successfully established a high-profit structure with ordinary income exceeding 10 billion yen as a normal state. The results for fiscal 2025 achieved the targets with net sales of 299.3 billion yen, net income attributable to owners of parent at 12 billion yen, and ROE of 12.4%. On the other hand, challenges such as stagnation in overseas sales, issues in human resource development, and delays in large-scale business investments have been identified. CIP2028 addresses these challenges to drive further growth and strengthen the management foundation.