Mid-Term Sustainability Targets as part of 2024 Mid-Term Management Plan

Material Issue 8 
To transform markets through DX and innovation

Material Issue 8

Material Issue 8 
To transform markets through DX and innovation

Enhancing economic efficiency and added value through business transformation brought about by DX and innovation.

Related SDGs

Basic Policy

In the fields of forestry and wooden construction business, where tradition and experience have been emphasized, it is necessary to raise economic efficiency and increase added value through market reforms such as DX and innovation, in view of the situation such as decrease and aging of main players, technological advancement and globalization, and future demand expansion.

Sumitomo Forestry Group aims to ensure quality and quantity of wood resources and provide them with high added value by improving efficiency of sales activities and supply chains through DX and innovation. In the field of elderly care business, which faces similar challenges, we will introduce innovations to increase added value and improve operational efficiency, such as user safety and security.

Impact on Society and the Environment

Material Issue 8 Impact (Influence)
To transform markets through DX and innovation

Enhancing economic efficiency and added value through business transformation brought about by DX and innovation.
Improve workability by improving work efficiency
Improve productivity through effective use of data

Management of Material Issue 8

In Mid-Term Sustainability Targets 2024, Material Issue 8 is divided into 3 evaluation indicators, and management is carried out by incorporating them into annual activity policies and measures of the management department. We also assess the impacts that the material issue has on society and the environment.

Management of Each Target

Specific steps based on issues and strategies Indicators for Evaluation Managing department FY2021
result
FY2022
target
FY2023
target
FY2024
target
DX related Data linkage with customer (company)
Adoption rate(%)
Timber and Building Materials Division(IT Solutions Department) - 720
60
770
64
820
68
RPA and OCR adoption rate(%) - 80 90 100
Number of facilities that have introduced sensor equipment in Elderly Care Business Lifestyle Service Division - 18 19 19