EPSON has unveiled a new long-term corporate vision that maps out the company’s strategy to 2035. Its ENGINEERED FUTURE 2035 also includes a new Mid-Term Business Plan (2026-2028) that represents the first phase of work under the vision and will see EPSON start to use ROIC as a management metric to optimise capital allocation, redesign its business portfolio, and focus resources on strategic growth domains. EPSON sees the next decade as one in which volatility is the norm. Environmental and geopolitical risks will rapidly change, resources and energy will be increasingly constrained, and demographic changes will result in labour shortages worldwide. Under these conditions, the onus is on how effectively Epson can use limited resources, energy, and human potential.
The Plan articulates that ‘it is It is not enough to evolve technology itself: the ability to design and optimise technology so that it genuinely functions is becoming increasingly critical…translating advanced technology into things that are genuinely useful in the real world’. Engineering is the force that connects the philosophy of efficient, compact and precise innovation to meaningful social implementation, hence the nomenclature ENGINEERED FUTURE 2035. In Phase 1 of the plan, EPSON will transform its earnings base and leverage its precision technologies to expand in growth domains. (PHOTO: Wide Format Image)