The IHI Group operates in a fast-changing operating environment. International sustainability has become increasingly important amid the expansion of environmental, social, and governance investing. Digital transformation initiatives have reshaped business models and work practices, and the COVID-19 pandemic has quickened the pace of social, economic, and values changes. The IHI Group is accordingly endeavoring to help materialize a sustainable economy by balancing environmental protection and economic development.
Project Change Initiatives
We positioned the period through fiscal 2022 as one of business reform preparations and transitions in view of the transformation in our operating environment, and accordingly launched the Project Change initiative. We will return quickly to our growth trajectory, creating new businesses that shield the Group from changes in the operating environment.
Return to growth trajectory
We will strengthen our earnings foundations by enhancing productivity while cutting costs, expanding life cycle businesses more swiftly by reallocating resources, digitizing processes, and becoming consistently very profitable.
Overcome operating environment changes
We will incubate new ideas and value by providing a climate that emphasizes diversity, encourages employees to tackle new challenges, offers flexible working conditions, and is conducive to career development. In addition, we will attract professionals, constantly pursue new growth opportunities amid all business situation changes, and evolve a robust business structure that generates sustainable growth.
Implement financial strategies
We will make strengthening our ability to generate cash a top priority, pushing ahead with reforms by leveraging business models and processes that maximize the cash we produce. We will allocate funds optimally to accelerate efforts to create growth businesses.
Create growth businesses
In the drive to help attain Sustainable Development Goals, we redefined growth businesses in terms of the value that we can deliver in helping create economies in which nature and technology are in harmony. We will go beyond traditional business domains, strategic business units, and conventions in pursuing groupwide efforts to create growth businesses that contribute to resolving such social issues as decarbonization, disaster prevention and mitigation, and providing fulfilling lifestyles.