Topy Industries announced the firm targets 18 billion yen of consolidated operating profit for fiscal 2015 ending March 2016, which is around 70% higher than fiscal 2011 level, under new 4-year plan from fiscal 2012. The firm tries to expand offshore business and improve domestic profitability to secure 10 billion yen of net profit with 281.5 billion yen of sales in fiscal 2015, which is around 2.6 times of profit and around 17% higher sales compared with fiscal 2011 level.
The firm targets 25% of offshore sales rate in fiscal 2015 under the new plan, Growth & Change 2015, which is 4% higher than fiscal 2011 level. The operating profit rate on the sales increases to 6.4% from 4.4%. The firm targets 7.3% of return on asset and 0.66 of debt equity ratio compared with 4.8% of ROA and 0.71 of DE ratio in fiscal 2011. The firm plans around 67 billion yen of investment in the 4 years. The firm expends around 28 billion yen for renewal of steel making shop at Toyohashi plant and around 18 billion yen for offshore business. The firm increases sales of high valued products to 7.4 billion yen in fiscal 2015, which is 1.9 times of fiscal 2011 level. The firm adds 3 offshore bases by fiscal 2015 from 9 bases as of fiscal 2012. The steel unit targets 8.3 billion yen of operating profit with 96.2 billion yen of sales in fiscal 2015. The firm increases the operating profit to 4.3 billion yen with 76 billion yen of sales in fiscal 2012 compared with 3.8 billion yen of the profit with 71.3 billion yen of sales in fiscal 2011.