Worth reading
32Immaterial
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
2.5
Increase in the ROE target (percentage points)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedROE+2.5pt
基準 12.5Target15％
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. For metrics expressed as percentages, differences are shown in percentage points (pt).
Statements about the use of capital
Payout ratio / DOE policyUnless an event has a material impact on performance, the Company will maintain a progressive dividend policy based on either a payout ratio of 40% or higher or a DOE (dividend on equity ratio) of 7% or higher. Applicable from dividends for fiscal 2026 (the fiscal year ending March 2027).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 policyThe Company will also conduct flexible share buybacks.
Key initiatives
01Aggressive investment in business growth and human capital
02Flexible Share Repurchases
Reason for revision or withdrawal
The policy was changed to improve capital efficiency and further enhance shareholder returns.
| Item | Details |
|---|---|
| Progress against the plan | Partially revised |
| ROE target | 12.5% or higher → 15% or higher |
| Payout ratio / DOE policy | Unless an event has a material impact on performance, the Company will maintain a progressive dividend policy based on either a payout ratio of 40% or higher or a DOE (dividend on equity ratio) of 7% or higher. Applicable from dividends for fiscal 2026 (the fiscal year ending March 2027). |
| Treasury share acquisition policy | The Company will also conduct flexible share buybacks. |
| Key initiatives | Aggressive investment in business growth and human capital, Flexible Share Repurchases |
| Reason for revision or withdrawal | The policy was changed to improve capital efficiency and further enhance shareholder returns. |
| Publication date | 7 May 2026 |
Items this document does not state (18)
Plan namePlan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planSize 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 policy was changed to improve capital efficiency and further enhance shareholder returns.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.