SWCC Showa Holdings Targeting 5.5 Times Recurring Profit in F2014

SWCC Showa Holdings announced on Monday the firm launches the new 3-year management plan along which the company targets 3.8 billion yen of consolidated recurring profit in fiscal 2014 ending in March 2015, increasing by 5.5 times from fiscal 2011, and 2.7% of ROA (Return on Asset), improving by 2.2 percentage points from fiscal 2011. SWCC Showa Group tries to expand the profit by offshore businesses especially through the strategic cooperation with Chinese business partner, Futong Group.

The net sales target is 180 billion yen for fiscal 2014, increasing by 4.8% from fiscal 2011, with 4.8 billion yen of operating profit, improving by 2.5 times from fiscal 2011.

The main business unit covering low voltage power cables, industrial cables and bare copper wire tries 65 billion yen of net sales with 2.15 billion yen of operating profit in fiscal 2014. SWCC Showa Holdings tries to follow the demand growth mainly in China through the joint operations with Futong Group.

The device business unit plans to expand the sales of seismic isolation products in Japan while the unit plans to cultivate new customers of wiring harness for home appliances in Southeast Asia. The net sales target is 23.5 billion yen in fiscal 2014, increasing by 31% from fiscal 2011, with 1.35 billion yen of operating profit, rising by 82%.

The business unit of high voltage power transmission and distribution cables, and related accessories, aims 750 million yen of operating profit in fiscal 2014 against 450 million yen of loss in fiscal 2011. The telecom business unit targets 950 million yen of operating profit in fiscal 2014 against 180 million yen of loss in fiscal 2011. SWCC Showa Group advances streamlining of domestic operations for both of the segments.

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