Announcement of Seventh Medium-Term Management Plan

Overview of the Seventh Medium-Term Management Plan

G.S. Yuasa Corporation has formulated the Seventh Medium-Term Management Plan for three years from FY2026 to FY2028. The plan designates 'Social Infrastructure (ESS, AIDC, Defense)' and 'Mobility' as growth pillars, and aims to transform the business portfolio by making focused investments leveraging its overwhelming competitive edge and unique technology. Strengthening cash generation through enhanced aftermarket sales of lead-acid batteries and improved profitability of LiB (HEV/12V) products, the company plans to steadily expand shareholder returns through a progressive dividend target aligned with a DOE3％.

Funding and Capital Investment Plan

During the cumulative period of the Sixth Medium-Term Management Plan, approximately 50 billion yen was raised, about 20 billion yen was returned to shareholders, and around 180 billion yen was invested in equipment. For the Seventh Medium-Term Management Plan, the company will promote joint development of high-capacity, high-output lithium-ion batteries through a joint venture with Honda, and will advance foundational development such as constructing a new factory scheduled to start operation in 2027. The company will define its business as 'Mobility' and 'Social Infrastructure,' set management indicators such as ROIC, clarify responsibility for execution, and strengthen transparency and commitment to improve achievement certainty.

Growth Strategy and Key Initiatives

In the mobility sector, the company will reinforce its product portfolio that includes both lead and LiB products, leveraging strong relationships with key OEMs to generate high-profit cash flows. In the social infrastructure sector, it will focus on high profitability through batteries and AI data centers, and respond to expanding markets such as defense and renewable energy. The Seventh Medium-Term Plan will continue investments and project preparations, aiming to shift into a profit-recovery phase from the Eighth Medium-Term Plan onward.