Apr 28, 2021 ITOCHU Techno-Solutions Corporation
ITOCHU Techno-Solutions Corporation (Ichiro Tsuge, President & CEO; headquartered in Chiyoda-ku, Tokyo, hereinafter "CTC") has formulated its Medium-Term Management Plan, Beyond the Horizons: To the Future Ahead, for the three years from 2021 to 2023 to achieve continued growth. CTC has defined new materialities (material issues) of the CTC Group and has formulated its Medium-Term Management Plan based on the CTC Group Philosophy and these new materialities.
Society today is facing many issues, including the climate change, widening social disparities, and in Japan a declining birthrate and aging population. While IT is evolving rapidly to address social issues, new challenges, including the need to bridge the digital divide, have begun to emerge.
Recognizing these circumstances, CTC has redefined its materialities to fulfill its social responsibilities and continue to grow as a company under its mission, "Leveraging IT’s potential to change future for the Global Good." Based on these new materialities, CTC has developed a new three-year medium-term management plan.
The Company has identified materialities with the following three as the pillars, with an eye on achieving a sustainable society through its business:
- Solve social issues through IT.
- Cultivate human capital to support the future.
- Implement responsible corporate activities.
The medium-term management plan is aimed at achieving growth of the overall CTC Group toward FY2023 under the three basic policies described with keywords of Accelerate, which is based mainly on support for DX and expansion of the co-creation business, Expand, which is aimed at expanding the 5G and cloud businesses, and Upgrade, which reflects an intention to develop human resources and reinforce the management base.
New materialities (material issues)
|Solve social issues through IT||Endless pursuit of advanced technology|
|Promotion of joint business development with various partners|
|Supply of safe and reliable IT services|
|Cultivate human capital to support the future||Diverse professional development|
|Development of a corporate culture that respects and improves each other|
|Contributions towards the development of human capital to create the future|
|Implement responsible corporate activities||Strengthening of effective governance|
|Contributions towards responses to climate change|
|Implementation of responsible actions by each person|
Three basic policies of the Medium-Term Management Plan "Beyond the Horizons: To the Future Ahead"
1. Accelerate: Create future wealth
Accelerate new initiatives that support customers’ innovation
Create new value with initiatives such as DX for customers' operations and businesses, expansion of community formation and the co-creation business, and the provision of high-value added services and state-of-the-art technologies.
2. Expand: Expand current wealth
Further exploration and market expansion in strong areas
Increase and stabilize revenues by expanding the 5G business, strengthening the XaaS business, and adding to the CTC Group's strengths by introducing the business models employed in Japan globally.
3. Upgrade: Increase feasibility
Practicing self-improvement with a view to the future
Increase the feasibility of the Accelerate and Expand policies with initiatives that include improving the comprehensive strength achieved by combining the growth of individuals with allocation of the right people in the right places, transformation of the management base for adapting to changing environments, and harmonious co-existence with diverse stakeholders.
The Medium-Term Management Plan's quantitative targets for FY2023
CTC aims to achieve the following quantitative targets under the three basic policies.
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