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Management planning1835TOTETSU KOGYO CO.,LTD.Construction and Materials

Measures to Achieve Management That Is Conscious of the Cost of Capital and Share Price

The company updated its improvement policy for management conscious of cost of capital and share price, based on an analysis of its current position. The attached materials set out targets for the fiscal year ending March 2029, including an indicator of "1,900," ROE of 10%, and DOE of 3%.

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Items stated in the management plan

Partially revised
Plan period Start year: Not disclosed, end year: March 2029
Date of board resolution 14 May 2026 · Publication date 14 May 2026
ROE-0.2pt
基準 10.2Target10%

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).

Net SalesNot disclosed → 1,900
Only the target level is shown because the current level for comparison was not provided.
Statements about the use of capital
Payout ratio / DOE policyDOE of 3%, applicable period: March 2029The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Self-assessment of PBR and share pricePBR of 1.39 (March 2026). Historical PBRs were 0.96 (March 2023), 1.02 (March 2024), and 0.88 (March 2025), but an explicit self-assessment that these were at low levels is Not disclosedPBR is a measure of how many times the share price is the book value per share.
Reason for revision or withdrawal

The company analyzed and assessed its current position and updated its specific policy for improvement initiatives in order to enhance corporate value over the medium to long term and achieve sustainable growth

Items stated in the management plan
ItemDetails
Plan periodStart year: Not disclosed, end year: March 2029
Progress against the planPartially revised
Sales TargetNot disclosed → 1,900
ROE target10.2% → 10%
Payout ratio / DOE policyDOE of 3%, applicable period: March 2029
Self-assessment of PBR and share pricePBR of 1.39 (March 2026). Historical PBRs were 0.96 (March 2023), 1.02 (March 2024), and 0.88 (March 2025), but an explicit self-assessment that these were at low levels is Not disclosed
Reason for revision or withdrawalThe company analyzed and assessed its current position and updated its specific policy for improvement initiatives in order to enhance corporate value over the medium to long term and achieve sustainable growth
Date of board resolution14 May 2026
Publication date14 May 2026
Items this document does not state (16)
Plan nameOperating profit targetOperating profit margin targetNet income targetROIC targetTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsKey initiativesResults under the previous planSize of the Target MarketRisks identified

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 analyzed and assessed its current position and updated its specific policy for improvement initiatives in order to enhance corporate value over the medium to long term and achieve sustainable growth.

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Measures to Achieve Management That Is Conscious of the Cost of Capital and Share Price | TOTETSU KOGYO CO.,LTD. (1835) timely disclosure | Komori