Menicon Company (7780) Corporate presentation summary

Strategic vision and goals

• Aims to be a top global player in the 1-DAY lens market and a leader in orthokeratology-related myopia control, addressing the rising global myopia population and environmental sustainability.

• Pursues balanced growth in Europe, North America, and Asia, with a focus on expanding the 1-DAY lens business and building a foundation for myopia control.

• Emphasizes providing new value through sensory experiences and contributing to a healthy, spiritually rich society.

Market environment and trends

• Global myopia population is increasing, with projections reaching 4.9 billion by 2050; high myopia cases are also rising, especially among younger demographics.

• Contact lens market growth is driven by increased penetration and the number of eye care practitioners, with 1-DAY lenses accounting for a growing share due to convenience.

• Silicone material 1-DAY lenses are a key growth driver, with a 14% CAGR expected through 2027.

Progress assessment and future milestones

• FY2023 net sales reached JPY 116.1 bn, below the FY2025 target of JPY 140.0 bn, with OP margin at 8% and ROE at 6%.

• COVID-19, international affairs, and supply chain disruptions impacted progress, but future initiatives focus on strengthening supply chains and profitability.

• New FY2027 targets: net sales over JPY 140.0 bn, OP margin 12%, and ROE 12%, with a shift from investment to investment return phase.