TOKYO, May 12 (Pulse News Wire) – Syuppin CO.,LTD. (3179.T) outlined its new mid-term business plan targeting a transformation into an electronic intelligence commerce enterprise through 2029.
The plan emphasizes leveraging advanced technology and focuses on three key strategies: stable growth in camera sales, strengthening watch operations, and expanding overseas e-commerce businesses. For the fiscal years ending March 2027 to March 2029, Syuppin aims to achieve an annual revenue growth rate of 10%, with operating profit targets set at 25 billion yen, 27 billion yen, and 31 billion yen respectively. The company also plans to maintain a robust return on equity (ROE) target of 90% or higher during this period. In addition, Syuppin intends to enhance its online platforms and customer service initiatives, such as launching special events and improving social media engagement.
The company's strategy includes increasing investment in high-value products and implementing targeted marketing campaigns aimed at affluent customers. Syuppin expects significant growth in the global pre-owned luxury watches market, which is projected to expand at an average annual rate of 15% until 2030. To capitalize on this trend, the company will focus on diversifying its product lineup and enhancing customer relationship management efforts. Furthermore, Syuppin prioritizes shareholder returns, aiming for dividend payout ratios ranging from 40% to 80%.
The company will continue to invest in strategic areas while maintaining strong liquidity and financial discipline throughout the planning period.
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