On May 30, President Kazushi Shimizu of Sumitomo Riko announced the Sumitomo Riko Group Vision 2029 (2029V) and the Sumitomo Riko Group Medium-Term Management Plan 2025 (2025P). Under 2025P, which begins in fiscal 2023, the company aims to increase consolidated net sales from 541 billion yen ($3.87 billion) in fiscal 2022 to 620 billion yen and business profit from 17.9…
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