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.
The 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 (FY2022)
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.
DX related
In the timber and building materials distribution sector, delivery slips are sent to customers, and we are working to reduce the use of paper delivery slips and improve the efficiency of paperwork in line with the shift to electric transmission.
In fiscal 2022, 766 companies (introduction rate of 64%) introduced the system, compared to the planned
720 companies (introduction rate of 60%). In the wake of the coronavirus disease (COVID-19)outbreak in fiscal 2020,
the need to work in a telework system environment increased employee awareness of data transmission, contributing to
higher adoption rates. Reduction of simple input work for documents like delivery slips through the use of digital
technologies such as RPA and OCR also progressed steadily.
The number of facilities with sensor equipment installed in the elderly care business has not changed from fiscal
2021; however, the number of facilities with sensor equipment will increase by one facility due to the opening of a new
facility in fiscal 2023.
Results
Ratings in the table below
Achieved: ◯ Not achieved but improved from previous year: △ Not achieved and declined compared to previous year: ✕
| Indicators for Evaluation | Managing department | FY2022 target |
FY2022 result |
FY2022 value |
FY2023 target |
FY2024 target |
|---|---|---|---|---|---|---|
| Data linkage with customer (company) Adoption rate (%) |
Timber and Building Materials Division (IT Solutions Department) | 72060 | 76664 | ○ | 77064 | 82068 |
| RPA and OCR adoption rate (%) | 80 | 85.4 | ○ | 90 | 100 | |
| Number of facilities that have introduced sensor equipment in elderly care business | Lifestyle Service Division | 18 | 18 | ○ | 19 | 19 |