As our long-term corporate vision, we aim to drive a focused organization to become a highly profitable company that contributes to the innovation for our society through the development and implementation of unique technologies. We expressed our thoughts on this medium-term plan in the slogan "Power Electronics for Your Innovat!on.
Slogan of Medium-Term Management Plan 2021
The slogan embodies Sanken Electric’s aspiration as a company to contribute through power electronics to the innovations of its customers, its individual employees, and society.
In our medium- to long-term market environment, the semiconductor market is expected to enter a phase of full-fledged demand growth, driven by the spread of environmental responsiveness and digital transformation (DX), as typified by the electrification of automobiles, and the increasing rate of inverterization of white goods.
Under these circumstances, in order to realize our corporate vision, we have formulated the "Medium-Term Management Plan 2021 ," which ends in the fiscal year ending March 31, 2024, and are promoting efforts to enhance our corporate value.
Core Elements of Medium-Term Management Plan 2021
In 2021, we began a fresh start as a specialized semiconductor manufacturer. We aim to achieve sales growth that exceeds the growth rate of the semiconductor market with our three core products: power modules, power devices, and sensors.
In particular, power module products, which have achieved sales growth in recent years for white goods, will be further strengthened by expanding sales for automobiles and industrial equipment.
From FY2020 to FY2023, we expect CAGRs by market to be 9-11% in the automotive market, 4-6% in the white goods market, and 6-8% in the industrial and consumer markets.
For the latest progress of the Medium-Term Management Plan and management strategy, please refer to the Financial Report, Financial Results Presentation in the IR informaiton.
Sanken Electric will continue to make group-wide efforts to enhance corporate value.