Medium-Term Management Plan “Moving Forward to 2028”
ROHM formulated its 2nd Medium-Term Management Plan “MOVING FORWARD to 2028”, which covers the period from FY2026 to FY2028. ROHM envisions becoming a “company with a global presence through semiconductor technology ~Become World's Top 10 in Power and Analog Semiconductors~” by 2035. ROHM will strive to improve profitability by implementing fundamental structural reforms and achieving profitability in the SiC business, in preparation for future corporate expansion.
Company Vision and 2nd Medium-Term Management Plan
Management Goals
Financial Targets (FY2028)
| Net sales | Over ￥500 billion |
| Operating profit | Over 20% |
| ROE | Over 9% |
Non-Financial Targets(Excerpt)
| Environment (FY2030) |
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| Human resource strategy and sustainable growth |
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Our Past Key Strategies and Progress of the Medium-Term Management Plan
ROHM grew dramatically with the rise of the IT industry in the 1990s, but our performance struggled when the collapse of the IT bubblein 2000 upended the business environment. We were further buffeted by crises including the global financial crisis, the Great East JapanEarthquake, and flooding in Thailand, and we fell into an operating deficit as sales dropped below 300 billion yen in FY2012. Since then,we have continuously tackled reforms aimed at flexibly adapting to market changes and achieving steady growth.
ROHM announced its first Medium-Term Management Plan in FY2021. At present, we areworking to further strengthen our management foundation under the 2nd Medium-Term Management Plan formulated in FY2025.
Review of the 1st Mid-Term Management Plan
ROHM has been implementing its first Medium-Term Management Plan “MOVING FORWARD to 2025”, over the five years from FY2021 to FY2025.
Initially, the semiconductor demand surged to unprecedented levels largely in response to the new normal triggered by the novel coronavirus (COVID-19), resulting in a favorable business environment. Based on such circumstances, in May 2022, ROHM revised its financial targets upward. However, due in part to a backlash from what came before that, ROHM was beset by a sudden slowdown in demand that included the prolonging of inventory adjustments, and as such expect to meet none of its financial targets.
Note that ROHM has achieved a certain level of results and are making steady progress with respect to nonfinancial ESG-related targets.
Positioning and Numerical Targets of the 2nd Mid-Term Plan
Regarding operating conditions during the 1st Mid-Term Plan, ROHM was slow to respond to market changes and ended up with excessive capital expenditure and inventory. This resulted in deteriorated profitability and asset efficiency. The 2nd Mid-Term Plan aims to fundamentally improve this situation by pursuing the establishment of a resilient business foundation capable of generating sustainable profits.