Medium-Term Management Plan
Benesse Group Transformation Business Plan
The Benesse Group announced its Medium-Term Management Plan in November 2020, and this March 2023 marked the end of Phase 1 , or the first two years as presented in the Plan. Given the results of Phase 1 and various changes in the environment surrounding the Company and each of its businesses, we have refined the Medium-Term Management Plan and developed the Transformation Business Plan.
Overall structure of the Transformation Business Plan
In order to achieve the Group purpose, we will organize the direction of entire business through our portfolio strategy. Based on this, we will formulate transformation plan on existing core businesses and transformation plan on new businesses. We will allocate assets in a balanced manner and restructure the management system to realize the plans.
Group purpose
Based on the corporate philosophy of “Benesse” (Well-being), we have presented the Group purpose as a principle of management that we pursue going forward. It is intended to serve not only as a statement that gives you a better understanding of what the Benesse Group is aiming to achieve but also as a guideline for each and every employee in the Group.
Material issues (Sustainability-focused activities)
In developing the Transformation Business Plan, we reviewed our material issues to align them with the current status. As a result, we have updated the material issues, which comprises the three business themes for realizing our purpose and the promotion of ESG initiatives as a foundation to underpin these themes.
Portfolio transformation
We have categorized current businesses as the following three area. We will promote transformation of business portfolio.
Strategy:Transformation of core businesses
Core Education
Core Nursing Care
Strategy:Challenges for new growth
New Fields
Management systems and corporate transformation
To achieve portfolio transformation set forth in the Transformation Business Plan, we will establish, through management systems and corporate transformation, a system in which top management and CXO can drive execution.
Financial target
Financial KPI
Cash allocation
The investment plan allocates approx. 50% of them to new fields. We also make Investments in core business transformation while verifying ROI.