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JSP CorporationEngineered Plastic Foams
May 24, 2012
JSP Corporation
Logo
New Medium-term Management Plan
“Deepen & Grow”
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1. Medium-term Vision
2. Fundamental Policy
3. Numerical Targets
4. Business Segment Plans
5. Extrusion Business – Priorities and Goals
6. Beads Business – Priorities and Goals
7. Plan for Capital Expenditures
ContentsJSP CorporationEngineered Plastic Foams
P3
P4
P5
P6
P7-P9
P10-P12
P13
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1. Medium-term VisionJSP CorporationEngineered Plastic Foams
New Medium-term Management Plan (FY3/13-FY3/15)
Vision and name of plan “Deepen & Grow”
Overview of the previous medium-term management plan (FY3/10 – FY3/12)
Vision: Build a base for the next phase of progress
Name of plan: “NEXT JSP”
Targets: Net sales ¥90,000 million, Operating income ¥4,500 million
Actual: Net sales ¥93,397 million, Operating income ¥5,296 million
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Create new businesses by using
Enlarge applications and increase earnings by developing new grades of products
Improve profitability by reexamining low-margin businesses
Maximize earnings across the entire value chain within the JSP Group
Brush up core technologies
Achieve consistent production volume and earnings
Enlarge the group’s global network
Add more operating bases
Expand business activities outside Japan
Start new business activities
“Grow”Sustained growth
“Deepen”
Strengthen current business activities
2. Fundamental PolicyJSP CorporationEngineered Plastic Foams
New raw materialsNew technologiesNew markets
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3. Numerical TargetsJSP CorporationEngineered Plastic Foams
Plan
95,50599,407 96,534
81,597
91,97197,000
103,000
110,000
93,398
4,114
5,685
7,552
8,800
5,046
2,701
5,2966,000
7,150
FY3/07 FY3/08 FY3/09 FY3/10 FY3/11 FY3/12 FY3/13 FY3/14 FY3/15
Net sales (¥million)
Operating income
8%
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4. Business Segment PlansJSP CorporationEngineered Plastic Foams
FY3/12 Results FY3/15 Plan Vs. FY3/12
Net salesOperating income
Net salesOperating income
Net salesOperating income
Extrusion Business 34,585 2,557 38,504 2,823 111% 110%
Beads Business 52,869 3,212 64,656 6,307 122% 196%
Other Businesses 5,942 -214 6,840 135 115% -
Total 93,397 5,555 110,000 9,265 118% 167%
Adjustment - -259 - -465 - -
Consolidated 93,397 5,296 110,000 8,800 118% 166%
(Million yen)
Extrusion Business: Styrene Paper™, Miraboard™, P-Board™, P-Mat™, Miramat™, Caplon™, Mirafoam™, Miraplank™
Beads Business: P-Block™/ARPRO™, L-Block™, Styrodia™, Heatpor™, Clearpor™, Elempor™ NEO, Foamcore™, Super Foam™
Other Businesses: General packaging materials and others
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5. Extrusion BusinessJSP CorporationEngineered Plastic Foams
Item FY3/12 Results FY3/15 Plan Vs. FY3/12
Net sales 34,585 38,504 111%
Operating income 2,557 2,823 110%
Priorities and Goals
Develop new markets by further deepening extrusion technologies
Increase sales of home insulation materials conforming to next-generation energy-conservation standards
Increase sales of civil engineering products to meet demand associated with earthquake reconstruction activities
(Million yen)
Sales of Major Products
Styrene Paper™ Mirafoam™ Miramat™ Miraboard™ Caplon™ Others
FY3/12 Results
FY3/15 Plan
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5. Extrusion Business – Priorities and GoalsJSP CorporationEngineered Plastic Foams
Develop new markets by further deepening extrusion technologies
Upgrade functions of Miramat™ to increase sales of packaging materials for next-generation displays
Start selling products that dissipate static electricity (returnable containers for transporting IT components, cosmetics trays)
Increase sales of curing sheets
Start selling the next generation of Styrene Paper™
Miramat™ P-SHINE™ ML Board Next-generation Styrene Paper™
P-Mat™ (Curing Sheet)
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5. Extrusion Business – Priorities and GoalsJSP CorporationEngineered Plastic Foams
MLIT’s NETIS-registered Wall Block
Increase sales of home insulation materials conforming to next-generation energy-conservation standards
Increase sales of the high-performance insulation material Mirafoam™ Λ
Increase sales of Ministry of Land, Infrastructure, Transport and Tourism “New Technology Information System” (NETIS) registered Wall Block
Increase sales of civil engineering products to meet demand associated with earthquake reconstruction activities
Mirafoam™ Λ
Wall Block incorporates a lightweight mortar wall surface material. Since a wall can be made by simply stacking these blocks, construction goes faster and costs less.
All Mirafoam™ products help create residences that conserve energy while maintaining a comfortable environment. These products are used for insulation in roofs, walls and floors.
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6. Beads BusinessJSP CorporationEngineered Plastic Foams
Item FY3/12 Results FY3/15 Plan Vs. FY3/12
Net sales 52,869 64,656 122%
Operating income 3,212 6,307 196%
Priorities and Goals
Enlarge the global framework for selling P-Block™/ARPRO™(Stable production – Stable earnings)Sales outside JapanFY3/12 Results ¥28,520 millionFY3/15 Plan ¥36,170 million
Improve earnings in the EPS business
Up 27% from FY3/12
(Million yen)
Sales of Major Products
P-Block™/ARPRO™Outside Japan
P-Block™/ARPRO™ Japan
EPS Others
FY3/12 Results
FY3/15 Plan
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6. Beads Business – Priorities and GoalsJSP CorporationEngineered Plastic Foams
Enlarge the global framework for selling P-Block™/ARPRO™(Stable production – Stable earnings)
Increase output capacity of Dongguan factory in China (June 2012)
Establish four-location network in China (Wuxi, Dongguan and new bases in southwest China and northern China)
Increase production by building a new factory in Brazil (August 2012)
Build a factory in India (Chennai) (FY3/14)
Increase sales in the VISTA countries (Indonesia, Turkey, Argentina, etc.)
Prepare for global sales of next-generation P-Block™/ARPRO™
Start global sales of Elempor™ NEO, a polymer of polystyrene and polyethylene
Improve earnings in the EPS business
Rigorously cut costs
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6. Beads Business – Priorities and Goals
North America (140%)
South America (213%)
Europe (118%)
Japan (107%)
South Korea (163%)
Taiwan (107%)
China (158%)
Singapore (80%)
The leading share of the global market for expanded polypropylene products
Jul. 2012Increase output capacity
Jun. 2012Increase output capacity Establish four-location network in China
Plan to construct factory in FY3/14
Aug. 2011Increase molding capacity India
Percentages are comparisons with FY3/12 performance
JSP CorporationEngineered Plastic Foams
Apr. 2014Restructure Kanuma molding factory
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Total capital expenditures
¥17,000 million (for three years)
Extrusion Business ¥4,250 million
Beads Business ¥11,400 million
Other Businesses ¥1,350 million
7. Plan for Capital ExpendituresJSP CorporationEngineered Plastic Foams
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JSP CorporationEngineered Plastic Foams
JSP CorporationEngineered Plastic Foams
Cautionary statement with respect to forecasts
Forecasts are based on all the information currently available, and the actual results may differ due to various factors.
Inquiries: Tel +81(3)-6212-6306 Investor Relations Group