Medium-Term Management Plan

Medium-Term Management Plan ”Mission TREEING 2030 Phase 1” (FY12/2022 - FY12/2024)
Three years to build a foundation for future growth and for contributing to decarbonization

In 2022, the Sumitomo Forestry Group launched a new Medium-Term Management Plan, “Mission TREEING 2030 Phase 1” as the first step towards achieving its Long-Term Vision of “Mission TREEING 2030.” The three years of Mission TREEING 2030 Phase 1 (2022~2024) are being positioned as the period to build a foundation that will secure future growth and enable us to contribute to decarbonization.

Basic policy

１. Efforts to address decarbonization challenges using wood resources

Develop new businesses domestically and internationally that pursue the value of forests as a carbon absorption
Promote initiatives that enhance the competitiveness of domestic wood
Expand our medium- and large-scale wooden construction business

２. Promotion of a more resilient earnings base

Regain profitability of our housing and construction and timber and building materials businesses and promote transformation that enables us to anticipate and respond to future market changes
Improve asset efficiency

３. Acceleration of global expansion

Expand our housing and real estate business operations in the United States and Australia and create a profit base in Asia

４. Strengthen management base for sustainable growth

Promote digitalization
Enhance the securing and nurturing of human resources and improve employee engagement
Reinforce risk management

５. Further integration of business operations and ESG

Steadily implement initiatives to achieve RE100 / SBTs (Science Based Targets)

Performance Target

Segment targets

(billion yen)

		Net sales	Recurring income
Timber and Building Materials	Invest in new businesses that can become a future pillar of our business portfolio (domestic timber manufacturing including timber industrial complex, decarbonization business, and DX, etc.) Rebuild overseas Manufacturing business	Net sales	Recurring income	264.0	11.5
Overseas Housing and Real Estate	Continue to grow the Housing and real estate development business in the US, Australia and Asia Commercialize medium- and large-scale wooden architecture business in non-residential segments in all markets including Europe	Net sales	Recurring income	954.0	129.0
Housing and Construction	Increase market share and streamline construction in custom-built housing business Expand spec homes business, non-residential business, and renovation business	Net sales	Recurring income	547.0	32.0
Environment and Resources	Expand forest management area in Japan and abroad	Net sales	Recurring income	26.5	4.0
Others	Continue stable operation of nursing care business, etc.	Net sales	Recurring income	29.0	5.0