Mid-term business plan

The METAWATER Group has formulated Mid-Term Business Plan 2023, which covers the three fiscal years ending March 31, 2024 as noted below.

Background and purpose

In the Japanese water and wastewater treatment market, local governments are facing financial difficulties and shortages of engineers due mainly to a declining population. They are also facing a pressing need to address their aging facilities and equipment, which were built during Japan's period of rapid economic growth. They also face problems related to natural disasters such as major earthquakes, typhoons, and torrential rains.
Under these circumstances, the enactment of the PFI Act and the revision of the Water Supply Act have promoted public-private partnerships involving the utilization of private-sector funds, technologies, and know-how while initiatives aimed at building national resilience are moving steadily forward in line with the Japan's National Resilience Plan. On top of that, technological innovations such as the IoT and AI are likely to create new business opportunities and business models.
In the overseas water and wastewater treatment market, some critical issues are being faced by advanced nations such as the U.S. and countries in Europe. Such issues include aging facilities and equipment, the utilization of reclaimed water to secure water resources in the U.S., and stricter environmental regulations in Europe. Emerging Asian economies are seeing an increasing need to develop water and wastewater infrastructure as water demand increases in parallel with population growth. Going forward, we expect that these issues and needs associated with the water and wastewater markets around the world will expand our horizons when it comes to business opportunities.
In light of this operating environment, we formulated Mid-Term Business Plan 2023, which runs through the fiscal year ending March 31, 2024. This is the next step when it comes to realizing our long-term vision (i.e., 200 billion yen in net sales on a consolidated basis by the fiscal year ending March 31, 2028).

Outline of Mid-Term Business Plan 2023

We have set our operating targets for the fiscal year ending March 31, 2024 at 160 billion yen in orders, 155 billion yen in net sales, and 10 billion yen in operating income. In order to achieve these targets, we will focus on the following three priority areas across our Group.

*The above figures are based on the revised Mid-Term Business Plan 2023 and consolidated earnings forecast announced on April 26, 2023.

Strengthening core areas and expanding growth areas
Increasing R&D investment
Sustainable ESG initiatives
Targets under the mid-term business plan
*The above figures are based on the revised Mid-Term Business Plan 2023 and consolidated earnings forecast announced on April 26, 2023..