Based on the "3 principles" held by the Relo Group, we aim to pursue our prosperity and contribute to society.
To support the non-core operations of Japanese companies, enabling them to concentrate on their core operations and compete on the world stage
To facilitate the global expansion of Japanese companies, empowering them to unleash their true potential
To aid in the great transformation that awaits Japan
"Creating an industry of comprehensive lifestyle support services that we provide globally"
"Becoming the No.1 global relocation company."
The Relo Group has labeled over 20 years period that began with the fiscal year ended March 2012 as the Second "Start-up" Period. During this period we will continue working towards achieving our vision based on a medium- and long-term business framework.
We designate the first half of the Second "Start-up" Period as the Second Start-up Stage, and the latter half as the Global Start-up Stage. Over the course of this period, we will formulate a medium-term business plan, known as the Olympic Plan, once every four years.
Currently, the entire group is working together to achieve the goals of the New Third Olympic Plan, which will come to a close in the fiscal year ending March 2025.
In the Second Start-up Stage, we anticipate that Japanese companies will further accelerate the global expansion of their businesses in consideration of the continued shrinking of the Japanese market. In light of these trends, we will work to 1) act as a solution provider in the field of corporate fringe benefit, providing client companies with support for their non-core operations, and 2) support the global expansion of Japanese companies so that they can perform to their full potential.
Next, in the Global Start-up Stage, we will aim for the Relo Group to become known as "the foremost provider of outbound relocation services and destination services" among employees of Japanese companies and those showcasing their skills on the global stage . We also seek to become "a world-class relocation company" that provides comprehensive relocation support services for Japanese companies expanding globally.
In the Second Start-up Stage, we will strive to fulfill the aims of our mission and make our vision a reality by building bases for overseas businesses, while at the same time reinforcing our management base in Japan.
In the First Olympic Plan from the fiscal year ended March 31, 2012, we planned to increase ordinary income from 5.2 billion yen in the fiscal year ended March 31, 2011 to 9.0 billion yen four years later. In the fiscal year ended March 31, 2015, the final year of the plan, we recorded a recurring profit of 9.8 billion yen, which far exceeded the plan.
In the Second Olympic Plan, a medium-term business plan from the fiscal year ended March 31, 2016, we planned to double our profit in four years and record a recurring profit of 20 billion yen. We achieved the target in the fiscal year ended March 31, 2019.
The Third Olympic Plan from the fiscal year ended March 31, 2020 was originally prepared as a medium-term business plan leading up to the fiscal year ending March 31, 2023. However, the initial plan was affected by the COVID-19 pandemic from 2020, and we have prepared the New Third Olympic Plan as a medium-term business plan leading up to March 31, 2025.
For the purposes of solidifying business foundations with a view towards full-scale global expansion and improving the international comparability of financial information, the Group has been applying the International Financial Reporting Standards (IFRS) from the first quarter of the fiscal year ended March 31, 2022.
With the application of the International Financial Reporting Standards (IFRS), there will be a significant change in revenue, given the impact of IFRS 16 Lease Accounting. Accordingly, revenue forecasts for the New Third Olympic Plan leading up to the fiscal year ending March 31, 2025 are restated.
(Forecasts in the New Third Olympic Plan: revenue of 150.0 billion yen and a profit before income taxes of 35.5 billion yen)
For details of the effects of the application of the International Financial Reporting Standards (IFRS), please refer to the summary of financial results and quarterly supplemental data for the fiscal year ended March 31, 2022.
The Relo Group has formulated a "DX Strategy and Policy" with the aim of eliminating risk by responding quickly to the dizzying changes in the social environment, seizing change as an opportunity, and using data and digital technology to meet society's needs while creating constant innovation for the benefit of society and customers. The Company has been working on the "DX Strategy and Policies".In recognition of these efforts, we have been certified as a "DX Certified Business Operator" by the Ministry of Economy, Trade and Industry.Click here for our "DX Strategy and Policy
