Fundamental policy and growth strategy overview


The results of 2014-2016 mid-term management plan were as follows.


For 2014 – 2016, the Group was able to achieve increases both in sales and operating income for seven consecutive years since the Group was listed.
As for the domestic business, the flagship brand POLA and THREE from brands under development category which steadily increased sales and profitability contributed to the Group earnings.
As for overseas business, two of the overseas brands (Jurlique and H2O PLUS) remained to have issues in terms of profitability. 
With regard to the capital efficiency, the Group was able to improve ROE to 9.5% in 2016 from 4.3% in 2013.