MEITEC CORPORATION
Climate Impact & Sustainability Data (2013)
Reporting Period: 2013
Environmental Metrics
ESG Focus Areas
- Value to Employees
- Value to Customers
- Value to Shareholders
- Value to Society
- Corporate Governance
- Compliance
Social Achievements
- Improved employee utilization ratio from 71.9% to 95.4%
- Increased number of customers from 856 to 1,049
- Recruited 389 new graduate engineers
Governance Achievements
- Strengthened corporate governance through Board of Directors, Audit & Supervisory Board, Corporate Governance Committee, and CEO Nominating Committee.
- Implemented internal control system to ensure compliance.
Climate Goals & Targets
Medium-term Goals:
- Build a stronger business base to realize continuous growth regardless of market conditions
- Achieve 7 Strategic Targets (detailed in the report)
Short-term Goals:
- Consolidated Sales: over ¥77,000 million (revised to over ¥73,500 million)
- Consolidated Operating Income: over ¥7,500 million (revised to over ¥6,400 million)
- Consolidated ROE: equal or more than 10%
Environmental Challenges
- Difficult macroeconomic conditions (European debt crisis, Chinese slowdown, yen appreciation)
- Challenges in mid-career recruitment
Mitigation Strategies
- Implemented cost control measures
- Aggressive recruiting of new graduate engineers
- Flexible approach to mid-career recruitment based on economic conditions