Medium-term Management Plan
Fiscal 2020 was the final year of the medium-term management plan "The Next Stage 17." The OSG Group has been steadily increasing its business performance until fiscal 2018 (ended November 2018), but in the second half of fiscal 2019 (ended November 2019), the US-China trade conflict intensified, and in fiscal 2020 (ended November 2020), the COVID-19 pandemic occurred. Under these circumstances, the sales target of 150 billion yen and the operating margin of 20 percent in the medium-term management plan "The Next Stage 17" were not achieved. Unfortunately, the achievement of this goal will be delayed after fiscal 2021 (ending in November 2021).