Our target is to resolve the challenges of customers, industry, and society by leveraging our technologies and insights. For this purpose, we will transform our businesses through multi-pronged efforts to build entire value chains and provide value throughout customer business lifecycles. At the same time, we will restructure our business portfolio by decisively shifting management resources to Growth Business and Development-focus Business.
Our management is centered on ESG-rooted values. For business transformation, we will pursue digital infrastructure advances as well as development and recruitment of innovative human resources.
Growth Business
Aero Engines and Space are positioned as Growth Business. Rapid market expansion recoveries are forecasted in civilian aircraft as airlines emerge from the COVID-19 pandemic as well as large demand potential in the defense business. These businesses will drive growth by drastic production reforms, consequently shortening lead times and improving productivity. We will also expand LCB through steadily setting up businesses at new engine maintenance sites and through conducting raw material business. On top of that, we will strive to create new business domains from value chain perspectives, including next-generation aircraft and initiatives for space, land, and underwater data utilization.
Development-focus Business
Clean Energy business represented by fuel ammonia and others is defined as Development-focus Business, which would drive our future growth in parallel with Aero Engines and Space business. We will build and enhance the value of our entire Clean Energy value chain. Such efforts will start with gas turbines that utilize world-leading ammonia combustion technology and storage and receiving terminals boasting a top-class share. We are open to invest in fuel manufacturing projects.
Core Businesses
In the Core Businesses which includes Resources, Energy & Environment, Social Infrastructure, and Industrial Systems & General-Purpose Machinery, we will augment a growth strategy based on Exploit and Evolution of LCB. We will prioritize cash generation by meticulous reform of business structure and generating management resources that we invest in Growth Business and Development-focus Business.
