Worth reading
59In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
100
¥100 million (consolidated net income target for the fiscal year ending March 2030)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet income for the current fiscal year+0.1%
基準 2,027Target2,030Hundreds of millions of yen
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
ROEROE of at least 8% as a target (Management Strategy 2024) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planNet income of at least ¥5 billion (through the fiscal year ending March 2027) → Net income exceeded ¥5 billion in both the fiscal year ended March 2025 and the fiscal year ended March 2026-0.0%Calculated from the two disclosed figures
Total investment planApproximately ¥40 billion (over the plan period)
Investment amount by sectorField M&A Investment / Amount Not disclosed, Field Investments in listed equities / Amount Not disclosed, Field Steady earnings growth by group companies / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyThe basic policy is progressive dividends. The dividend payout ratio for the fiscal year ending March 2030 is expected to be approximately 40% as a guideline, with annual dividends per share of at least ¥100.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyUnder Management Strategy 2024, the ¥21.6 billion in net cash and deposits at the end of the fiscal year ended March 2024 was to be actively allocated over the following 3 years to M&A investments or shareholder returns, including share buybacks and dividends. By March 2026, the Company had made ¥14 billion in M&A investments and ¥24.7 billion in shareholder returns.
Self-assessment of PBR and share priceThe Medium-Term Management Plan 2030 sets a target of achieving a PBR of 1x or higher. Management Strategy 2024 stated that the Company was targeting a PBR of 1x or higher and an ROE of 8% or higher.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Sustained growth through M&A based on the investment policy of “niche, stable and easy to understand”
02Diversification of earnings sources through investments in listed equities
03Steady earnings growth by group companies
04An in-house M&A professional team to execute the growth strategy
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2030 |
| Plan period | 2026〜2030 |
| Progress against the plan | Formulated |
| Net income target | Net income of at least ¥5 billion (through the fiscal year ending March 2027) → Net income of at least ¥10 billion (fiscal year ending March 2030) |
| ROE target | ROE of at least 8% as a target (Management Strategy 2024) → Not disclosed |
| Payout ratio / DOE policy | The basic policy is progressive dividends. The dividend payout ratio for the fiscal year ending March 2030 is expected to be approximately 40% as a guideline, with annual dividends per share of at least ¥100. |
| Treasury share acquisition policy | Under Management Strategy 2024, the ¥21.6 billion in net cash and deposits at the end of the fiscal year ended March 2024 was to be actively allocated over the following 3 years to M&A investments or shareholder returns, including share buybacks and dividends. By March 2026, the Company had made ¥14 billion in M&A investments and ¥24.7 billion in shareholder returns. |
| Self-assessment of PBR and share price | The Medium-Term Management Plan 2030 sets a target of achieving a PBR of 1x or higher. Management Strategy 2024 stated that the Company was targeting a PBR of 1x or higher and an ROE of 8% or higher. |
| Total investment plan | Approximately ¥40 billion (over the plan period) |
| Investment amount by sector | Field M&A Investment / Amount Not disclosed, Field Investments in listed equities / Amount Not disclosed, Field Steady earnings growth by group companies / Amount Not disclosed |
| Key initiatives | Sustained growth through M&A based on the investment policy of “niche, stable and easy to understand”, Diversification of earnings sources through investments in listed equities, Steady earnings growth by group companies, An in-house M&A professional team to execute the growth strategy |
| Results under the previous plan | Net income of at least ¥5 billion (through the fiscal year ending March 2027) → Net income exceeded ¥5 billion in both the fiscal year ended March 2025 and the fiscal year ended March 2026 |
| Publication date | 13 May 2026 |
Items this document does not state (12)
Sales TargetOperating profit targetOperating profit margin targetROIC targetCost of capitalSegment targetNon-financial targetsPlan assumptionsReason for revision or withdrawalSize of the Target MarketRisks identifiedDate of board resolution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company achieved, one year ahead of schedule, the earnings base of net income of at least ¥5 billion targeted under “Management Strategy 2024.” Accordingly, it formulated the new “Medium-Term Management Plan 2030” from the current fiscal year to move toward a new stage of growth. The steady execution of M&A investments and capital policies was cited as the reason for the early achievement.
How to read this page
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