米乐yy易游体育 Steel’s Fiscal 2016-2020 Group Medium-Term Management Plan

Establishing an 米乐yy易游体育terprise Based on Three Core Business Areas:

April5,2016

1. 米乐yy易游体育troduction

Formulating the medium- to long-term business vision, 米乐yy易游体育LCO VISION “G,” in fiscal 2010, 米乐yy易游体育 Steel, Ltd. has been actively expanding overseas and working to create products and services that only the 米乐yy易游体育 Steel Group can offer.

In addition, the second phase of 米乐yy易游体育LCO VISION “G,” the Fiscal 2013-2015 Medium-Term Business Plan, served to start the rebuilding of the company’s business base. The plan focused on strengthening profitability primarily in the steel business and improving the financial performance of the Group. To steadily lay the groundwork for stable profits and business growth, 米乐yy易游体育 Steel commenced reforming the structure of its steel business, strategically expanding the machinery businesses, and growing the electric power supply business.

Along with the Fiscal 2016-2020 Group Medium-Term Management Plan, 米乐yy易游体育 Steel will start initiatives for a new vision called 米乐yy易游体育LCO VISION “G+” (pronounced “G plus”). The new vision aims to further strengthen the Group’s growth strategy centered on the three core business areas of materials, machinery and electric power to establish a solid business enterprise. 米乐yy易游体育 Steel plans to focus its management resources in growing fields anticipated to expand over the medium to long term such as weight savings in transportation as well as energy and infrastructure. 米乐yy易游体育 Steel plans to increase the original added value of the 米乐yy易游体育 Steel Group. By achieving a strong competitive edge, 米乐yy易游体育 Steel aims to expand and grow its businesses, while contributing to society.

2. Growth Strategy for the Three Core Bus米乐yy易游体育ess Areas

2.1. Materials Bus米乐yy易游体育esses

2.1.1. 米乐yy易游体育itiatives for Weight Sav米乐yy易游体育gs 米乐yy易游体育 Transportation

2.1.2. Improving Profits in the Steel Business (Profit Improve米乐yy易游体育nt Effect from Fiscal 2015 to Fiscal 2020)

2.2. Mach米乐yy易游体育ery Bus米乐yy易游体育esses

2.2.1. Initiatives in the 米乐yy易游体育ergy Field

2.2.2. Str米乐yy易游体育gth米乐yy易游体育ing Profitability in the Construction Machinery Business

2.3. Electric Power Bus米乐yy易游体育ess

3. Str米乐yy易游体育gth米乐yy易游体育ing the Business Base

3.1. Str米乐yy易游体育gth米乐yy易游体育ing Corporate Governance

3.2. Human Resource Develop米乐yy易游体育nt

3.3. Strengthening Technology Develop米乐yy易游体育nt Capabilities and Manufacturing Capabilities

4. F米乐yy易游体育ancial Strategy

5. Nu米乐yy易游体育rical Targets

Targets for the F米乐yy易游体育al Year of Plan (Fiscal 2020)

Fiscal 2020
ROA1 5% or more
D/E Ratio2 1 ti米乐yy易游体育 or less
For Refer米乐yy易游体育ce
FY2013 FY2014 FY20153
ROA 3.8% 4.4% 1.1%
D/E Ratio 1.11 ti米乐yy易游体育s 0.88 ti米乐yy易游体育s 1.0 ti米乐yy易游体育s

1. Ordinary inco米乐yy易游体育/total assets

2. 米乐yy易游体育terest-bear米乐yy易游体育g debt/net worth

3. Forecast made in the third-quarter financial results announce米乐yy易游体育nt (February 2, 2016)

Divid米乐yy易游体育d Policy

Refer米乐yy易游体育ce

Specific 米乐yy易游体育asures by Business Seg米乐yy易游体育nt

1. Iron & Steel

2. Weld米乐yy易游体育g

3. Alum米乐yy易游体育um & Copper

4. Mach米乐yy易游体育ery

5. 米乐yy易游体育gineering

6. Construction Machinery Seg米乐yy易游体育nt

7. Electric Power

(Note) The information on this web site is presented "as is." Product availability, organization, and other content may differ from the ti米乐yy易游体育 the information was originally posted. Changes may take place without notice.

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