MatsukiyoCocokara & Co.
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Employee well-being
- Community contribution
- Diversity and inclusion
- Supply chain management
- Digital transformation
Social Achievements
- Continued employment of elderly employees
- Expansion of employment opportunities for people with disabilities
- Promotion of women's participation in the workforce
- Initiatives to improve employee satisfaction
Governance Achievements
- Unified compensation standards for insurance contracts
- Strengthened collaboration between departments for risk management
- Improved operational efficiency and cost management
Climate Goals & Targets
Long-term Goals:
- Become the No.1 profitable company in the Tohoku area
- Become the first company that Hong Kong customers think of when they want to buy Japanese products
Medium-term Goals:
- Open 200 stores in Kyushu by fiscal year 2029
- Achieve 10% or more private brand product sales ratio in IWASAKI KOHKENDO
Short-term Goals:
- Increase the number of stores in Taiwan by four
- Increase sales in Taiwan by 10%
- Increase profits in Taiwan by 13%
- Increase private brand product sales in Thailand by 40%
Environmental Challenges
- Personnel shortages in the nursing care industry
- Increasing competition in the drugstore market
- Shrinking trade areas due to population decline
- Strict import regulations in Thailand
- High tariffs in Taiwan
Mitigation Strategies
- Strategic recruitment and human resource development
- Improving profit structure through cost management and private brand product sales
- Focus on unique services and products to differentiate from competitors
- Strengthening differentiation through Japanese products and private brands in Thailand
- Increasing brand recognition and store expansion in Taiwan