10 Years Vision & Med-term Business Plan

Aica’s 10 years vision (FY2016‐FY2026)

Financial targets in 10 years

	2017/4		2027/3
Consolidated Sales	JPY 151.6 Billion		JPY 300 Billion
Ordinary Profit	JPY 18.3 Billion		JPY 30 Billion
ROE	9.9％		＞ 10%
Overseas sales Ratio	30.8％		＞ 45%

The future vision at FY2026

Group Collaboration & Operation Base Enhancement

Human resource development

Responsibility to stakeholders

The first medium-term business plan
Change & Grow 2400（FY Mar./2022 - Mar./2024）

Financial Targets

Plan Outline

Toward the AICA that is resilient against change with three outlines.

[1] Creation and Expansion of Growth businesses

Expansion of AS product sales

Growth in non-construction sector businesses and overseas businesses

[2] Strengthening of Profit Foundations

• Optimization of sales & logistics networks
• Strengthening of sales infrastructure, Establishment of brands
• Automation, Cost reduction, Enhance production efficiency, Optimization of production foundations

[3] Strengthening of business infrastructure to support [1] and [2]

Investment Plan

Dividend Policy

In order to return profits to shareholders and achieve sustainable growth of the company, we will pay dividends after comprehensively considering the consolidated performance, dividend payout ratio and retained earnings for each term. Under the Medium-Term Management Plan "Change & Grow 2400" (fiscal 2021-2023), we will provide stable shareholder returns with a target consolidated dividend payout ratio of 50%. We will use retained earnings for capital investment to expand our existing core businesses and for M&A and other investments to enhance corporate value over the long term.