Mid-Term Business Plan FY17-FY20

Focus on employee proficiency, and
develop a culture and systems that
encourage Conscience and Creativity
across our organization worldwide.

Targets and Priorities


Unique items/Affordable prices

Optimum quality & price for local lives

Professional & diverse manpower

Sustainable growth


Global Supply Chain Management

Product Development

Global HR Management

Group Corporate Governance

Detail per priority

Global Supply Chain Management
Improve planning accuracy to reduce in-store discounting
by 20% in Apparel
Review sourcing process to decrease warehouse stock level
by 50% at distribution centers
Product Development
Develop core items that fit to any local lifestyle
More flagship stores in major countries/regions
Enlarge stores in Japan (100 stores with 1600 m2 capacity)
Renovate existing stores worldwide (20 stores/year in China)
Narrow the price gap by location
Same retail price for same strategic item
Global HR Management
Set up a global HR system
Start global incentive plan
Group Corporate Governance
Apply same standards within the group

Develop a culture and systems

First : install a system to standardize the same work done by various people and processes.

Next : foster a culture of creativity and empowerment.

Goal : Sustainable development of brand and corporate values.

Business Plan in FY21 AUG** With the application of IFRS, the company will change its accounting term to August from 2020. The business plan is aimed to be achieved in FY21 AUG.

Operating Profit
15% or greater
Stores Worldwide

No. of Stores in FY21 AUG*including Café&Meal MUJI and IDÉE (MUJI stores in parentheses)

Shareholder Return Policy

We continue to invest in store openings and renovations to increase communication with our customers. We also invest in information systems supporting back office operations and digital marketing. We estimate annual standard investments of JPY10 to JPY15 billion plus additional investment for future growth. At the same time, we are committed to returning profits to our shareholders through an annual payout ratio of 30% of consolidated earnings.

Dividend/share (JPY)190246293345387
Dividend Total (JPY M)5,0486,5457,7689,08910,201
Dividend payout ratio (consolidated)30.3%30.1%30.1%30.1%30.0%