RYOHIN KEIKAKU CO., LTD.
Information Resources
Financial InformationNon-Financial Information
MUJI REPORT
Information on medium- to long-term value creation
Securities Report (Japanese only) | Sustainability (website) |
Consolidated Financial Results | https://ryohin-keikaku.jp/eng/sustainability/ |
Investor Relations (website) | |
https://ryohin-keikaku.jp/eng/ir/ |
Contents
Introduction | Our Philosophy | 3 |
Our History | 5 | |
Our Products | 7 | |
The Ryohin Keikaku Group in Numbers | 9 | |
Global Network | 11 | |
Enhancing Our Corporate | Taking on the Challenge of "Public Interest | |
Value | and People-Centered Management" | 13 |
The Value We Create | 15 | |
Message from the President | 17 | |
Our Goals and How We Will Achieve Them | 23 | |
Business Strategy | Medium-term Business Plan | 25 |
Product Strategy | A Lineup of Products That Are a Part of |
Sustainability Strategy
- Build a sustainable society while achieving circularity, and coexisting with nature
- Revitalize communities and resolve their issues through localization activities
Four Indices | 55 |
Ryohin Keikaku and Sustainability | 57 |
Environmental Management | 59 |
Resource Recycling | 59 |
Water Resources | 62 |
Biodiversity | 63 |
Chemical Management | 64 |
Climate Change | 65 |
Sustainable Community Design | 67 |
People's Daily Necessities | 27 | |
Ryohin Keikaku's Unique Product | ||
Development | 29 | |
Apparel | 31 | |
Household Goods | 33 | |
Food | 35 | |
Procurement and Production | 37 | |
Raw Material Procurement | 39 | |
Store Strategy | Community-Based Business Model | 41 |
Initiatives to Take Root in Local Society | 43 | |
Global Strategy | Overseas Business Expansion | 45 |
Initiatives in Our Mainland China Business | 47 | |
Human Resource | Human Capital Strategy | 49 |
Strategy | Human Resource Development Policy | |
and Initiatives | 51 | |
Business Infrastructure | IT Strategy | 53 |
Editorial Policy
3. Promote high | Human Resources and Labor Practices | 69 |
employee engagement | ||
and acquisition of | ||
problem-solving skills | ||
4. Achieve "public | Initiatives to Realize Co-owned | |
interest and people- | Management | 71 |
centered management" | ||
Basic Information | Directors and Corporate Auditors | 73 |
Corporate Governance | 77 | |
Messages from Outside Officers | 81 | |
Compliance | 84 | |
Risk Management | 85 | |
Financial and Non-Financial Highlights | 89 | |
ESG Data | 91 | |
11-Year Summary | 93 | |
Consolidated Financial Statements | 95 | |
Stock Information | 99 | |
Corporate Information | 100 |
This report is intended to lead to dialogue with stakeholders by presenting goals for medium- to long-term value creation, management policies, business conditions, and other information based on the philosophy and mission of Ryohin Keikaku, which is aiming to help create "a truthful and sustainable life for all."
Note: In this report, amounts and number of shares that are less than one unit are rounded down, and all ratios and percentages are rounded to the nearest whole number.
Scope of This Report | Consolidated subsidiaries and consolidated companies of Ryohin Keikaku Co., Ltd. |
Period Covered | Fiscal year ended August 2022 (September 1, 2021 to August 31, 2022) |
Note: Information outside this period is reported when it is appropriate to show past events and data or recent examples. |
Forward-Looking Statements
This report contains forward-looking statements and projections. These statements and projections are based on the Company's judgments at the time the report was produced, and include risks and uncertainties. Changes in various factors could cause actual results to differ materially from forward-looking statements and projections contained herein.
MUJI REPORT 2022 2
Introduction
Our Philosophy
Our Corporate Purpose
Our corporate purpose is to contribute to the creation of "a truthful and sustainable life for all" through our products, services, stores and business activities; believing "human society rich in heart, with balanced relationship between human, nature and artifacts."
Our Two Missions
Mission 1: To provide daily necessities and services with genuine quality and ethical value, at appropriate and affordable prices.
Mission 2: To have a positive impact on each region by operating stores that serve as community centers, sharing concerns and values with local residents and collaborating with them to tackle local issues.
Our Core Value
We make efforts to reduce our environmental burden and to respect individual human rights through our product development, services and actions. Through our core value of "contributing to society and people" our employees and associates will proactively respond to issues facing society and the Earth.
Our Management Policy
We will practice "public interest and people-centered management," where each of our employees and associates contribute to the public interest through our business activities and locally rooted stores, have a sense of ownership and take leading roles in the community.
Enhancing Our Corporate Value
Through our activities, we will create a highly profitable business structure, pay taxes properly and return profits to shareholders appropriately. Furthermore, we will strive to create long-term value for the Company by making a positive impact on society together with stakeholders.
MUJI Tsuruya Azumino Hotaka
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Introduction
Our History
In order to realize "a truthful and sustainable life for all," we have a "Grand Strategy" of contributing to society and people. Of course, as a business enterprise, profit is also important for us, but our top priority is this "Grand Strategy." Ryohin Keikaku has been working to make a contribution wherever it can help with social issues and people's concerns. This approach has led to the Ryohin Keikaku of today.
1980-2000 | 2001-2015 | |
Our Perspective | How things should be | The relationship between daily life and things |
We aimed to eliminate waste and create products that are truly | We sought to give customers a feeling of rational satisfaction, | |
useful to consumers from the perspective of selection of materials, | expressed not with "This is what I really want," but with "This will do." | |
streamlining of processes and simplification of packaging. |
2016-2020
A truthful and sustainable life
By providing functional, streamlined products that help simplify and beautify people's lives with "conscience and creativity," we have contributed to solving social issues with proposals of ideas for peaceful, relaxed living.
2021-
"A truthful and sustainable life for all," and beyond
We offer affordably priced products that are useful and truly essential, in addition to being good for the environment, producers and local communities. We will also evolve our efforts to help solve local issues, and contribute to the harmonious coexistence and development of daily life, culture and the environment together with local communities.
From products to lifestyle options
Hotel
Apparel
Furniture
Household
goods and food
Bicycles
History of Ryohin Keikaku
1980
IDÉE
Campsites
Houses
Apps
Cafe&Meal MUJI
From stores | ||||
"Roadside | to local | |||
community | ||||
station" outlets | ||||
centers | ||||
Self-driving | Healthcare | |||
(preventive care | ||||
vehicles | ||||
and well-being) | ||||
Food and | ||||
Home renovation | agriculture | |||
Flagship store | Social capital | |||
Culture and | ||||
Mobile sales | arts | |||
Seiyu Co., Ltd., a Japanese retail company, established Mujirushi Ryohin (MUJI) as its private brand
1983
First directly managed store,
MUJI Aoyama, opened in
Japan
1986
Production and procurement started outside Japan
1989
Ryohin Keikaku Co., Ltd. established
5 MUJI REPORT 2022
1991
Began business outside Japan (First store in U.K. and first store in Hong Kong opened)
1995
MUJI Tsunan Campsite opened
2000
Listed on the first section of the Tokyo Stock Exchange MUJI.net Co., Ltd. established (currently MUJI HOUSE Co., Ltd.)
2001
MUJI Yurakucho opened
2005
MUJI (Shanghai) Company Limited established
2006
Business transfer from IDÉE Co., Ltd.
2007
First store in U.S. opened
2010
Began MUJI x JICA Project Kyrgyz
2011
Found MUJI Aoyama opened
2012
Muji Retail (Thailand) Co., Ltd. established
2013
Joined UN Global Compact
Launched MUJI passport smartphone app
2014
MUJI Sino-Ocean Taikoo Li Chengdu, the global flagship store in China, opened
2015
Began ReMUJI recycling initiative
2016
Entered the market in India as the first | Fiscal year ended August 31, 2022 | ||||
Japanese retailer there | Operating revenue | ||||
Number of MUJI stores surpassed 400 both | |||||
JPY 496.1 billion | |||||
2017 | |||||
in Japan and overseas | 2020 | ||||
2018 | Established production management base in Vietnam | Operating profit | |||
Launched MUJI passport Pay service | JPY 32.7 billion | ||||
Began sales of frozen food | 2021 | ||||
2019 | |||||
New start under our "Second Founding" | |||||
MUJI Ginza and | Started monthly furniture rental service | ||||
MUJI HOTEL GINZA opened | Opened Healthcare Center | ||||
Note: The graph in the background shows operating revenue. | 6 | ||||
MUJI REPORT 2022 |
Introduction
Our Products
Throughout its history, Ryohin Keikaku has tried to help resolve social issues through its products based on the idea of being useful. In doing so, three perspectives in our product development have remained unchanged since the launch of the MUJI brand in 1980: selection of materials, streamlining of processes and simplification of packaging. We develop no-frills, quality products and select materials that take the global environment and producers into consideration, eliminate waste in all processes, and provide customers with what they actually need, in the form they actually want.
1980 to 2021 | 2022 |
Three Perspectives
-Our basic approach to product development-
Selection of Materials
We review materials by always returning to the basics of product development that are often overlooked in creating delicious and healthy food, comfortable clothes that fit well, and household goods that put function first. We provide high- quality products at affordable prices by utilizing materials that are rejected despite their quality because of their appearance, using commercial materials, accessing raw materials from global
Apparel
Simplifying Processes
1983: Pre-washed shirts
Since washing clothes changes the texture of the fabric, it was assumed that shirts also had to be starched and ironed before sale. We overturned this conventional wisdom with the launch of pre-washed shirts that make the most of their natural texture. While omitting some processes and reducing costs, we also put effort into selecting materials. Ever since, product styles, materials and production areas have evolved further, undergoing both extensions and subdivisions, according to the times.
Recycling and Effectively Using Resources
2022: Down series made with recycled nylon fabric
We updated our lightweight down apparel by using eco-friendly recycled nylon fabric. Waste threads generated during the production process, which are normally discarded, are collected, washed and crushed. They are then broken down again into nylon thread for recycled nylon products. As part of our efforts to use finite resources without waste and to reduce our environmental impact, we adopted 100% recycled nylon for the inner filling of our lightweight down products.
markets, and procuring large quantities of seasonal goods at low cost.
Streamlining of Processes
We work to improve processes right down to the production of a single product. For example, we eliminate problems associated with sorting and arranging sizes, and we also make products from goods rejected because of nonstandard size or shape. We eliminate unnecessary work. This includes work that is not related to the fundamental quality of the product, such as excluding uneven shapes/colors or polishing. Our approach to developing no-frills, quality products eliminates material waste and reduces costs.
Household goods
Rethinking Functions
1991: Mattress with Legs
Upon hearing that many Japanese people sleep on a futon placed on top of a bed frame, we wondered whether they might also use a mattress without a frame. This simple idea led to the launch of Mattress with Legs, which became a major hit product with total sales easily exceeding 1 million units. Even after its launch, we have continued to refine the product by incorporating customer feedback to make improvements in every aspect, including comfort, durability and price.
Preparing for Natural Disasters and Practical Use
2022: Cardboard beds
Based on the concept of everyday goods that can also be useful in emergencies, we have developed products in response to the opinions of people who have experienced life as evacuees. In collaboration with the Voluntary Architects' Network, a non-profit organization that has been working for many years to improve conditions at evacuation centers, we launched an easy-to-assemble cardboard bed for use in limited space.
Simplification of Packaging
All MUJI products have always appeared in stores featuring only a package or tag simply giving product details. For products that may need extra packaging, we bundle them together or use a common container. We pursue ongoing initiatives to reduce trash because we do not want resources to go to waste.
Food
Investigating the Essence
1980: Koshin Shiitake Mushroom Pieces
Dried shiitake mushrooms have high nutritional value and can be rehydrated for use as a soup stock, but everyone in Japan took it as a given that they were expensive. Our Koshin Shiitake Mushroom Pieces disproved this common belief. The secret of its low price was that MUJI was the first company to omit the sorting process used to standardize sizes and reject broken items. Our ambition to develop a product to "provide customers with the lifestyle essentials they actually need, in the form they actually want," which was printed on the package at the time of the launch, found acceptance among many customers.
Addressing Food Loss
2022: Irregular Baumkuchen series
Some loss inevitably occurs in the manufacturing process. Food may taste the same, but it is discarded because of its appearance. To eliminate this wastefulness, our Irregular Baumkuchen uses the entire cake up to its edges. Some twenty years have passed since the launch of Irregular Baumkuchen, a product that shows our respect for food. With the addition of variations such as a series with chocolate coating, its concept continues to evolve as a confectionery that enriches everyday life.
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Ryohin Keikaku Co. Ltd. published this content on 26 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2023 06:07:22 UTC.