Worth reading
44Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedSales TargetThree-Year Medium-Term Business Plan ¥100 billion / ＴＥＣＨＮＯ ＲＹＯＷＡ ２０３２ ¥100 billion → Three-Year Medium-Term Business Plan ¥100 billion / ＴＥＣＨＮＯ ＲＹＯＷＡ ２０３２ ¥110 billion
ROE targetThree-Year Medium-Term Business Plan 15% or higher / ＴＥＣＨＮＯ ＲＹＯＷＡ ２０３２ At least 10% → Three-Year Medium-Term Business Plan 15% or higher / ＴＥＣＨＮＯ ＲＹＯＷＡ ２０３２ 15% or higherROE is the percentage of profit generated from money provided by shareholders.
Statements about the use of capital
Self-assessment of PBR and share priceThe PBR target under the long-term vision was excluded from the numerical targets after taking into account the current PBR level of the Company compared with the level at the time the original target was set. The Company will continue working to enhance corporate value. The previous targets were PBR of 2.0x or higher under the medium-term plan and 1.0x or higher under the long-term vision. The current actual PBR is Not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Growth strategy
Plan assumptionsGlobal economic conditions and the business environment continue to change with greater volatility and speed than before and cannot be viewed with optimism. Numerical assumptions are Not disclosed.
Risks identified by the company
Global economic conditions and the business environment continuing to change with greater volatility and speed than before
Reason for revision or withdrawal
The Company had announced revised targets on 7 November 2025, but decided to review the targets again in light of the final results for the fiscal year ending March 2026 and the earnings forecast for the fiscal year ending March 2027. The numerical targets under the medium- to long-term management vision were also revised in light of changes in global economic conditions and the business environment. The PBR target was excluded from the numerical targets after taking into account the current PBR level of the Company compared with the level at the time the original target was set.
| Item | Details |
|---|---|
| Plan name | Three-Year Medium-Term Business Plan / TECHNO RYOWA 2032 |
| Plan period | Three-Year Medium-Term Business Plan: fiscal 2024 to fiscal 2026 / TECHNO RYOWA 2032: fiscal 2032 (final year) |
| Progress against the plan | Partially revised |
| Sales Target | Three-Year Medium-Term Business Plan ¥100 billion / ＴＥＣＨＮＯ ＲＹＯＷＡ ２０３２ ¥100 billion → Three-Year Medium-Term Business Plan ¥100 billion / ＴＥＣＨＮＯ ＲＹＯＷＡ ２０３２ ¥110 billion |
| ROE target | Three-Year Medium-Term Business Plan 15% or higher / ＴＥＣＨＮＯ ＲＹＯＷＡ ２０３２ At least 10% → Three-Year Medium-Term Business Plan 15% or higher / ＴＥＣＨＮＯ ＲＹＯＷＡ ２０３２ 15% or higher |
| Self-assessment of PBR and share price | The PBR target under the long-term vision was excluded from the numerical targets after taking into account the current PBR level of the Company compared with the level at the time the original target was set. The Company will continue working to enhance corporate value. The previous targets were PBR of 2.0x or higher under the medium-term plan and 1.0x or higher under the long-term vision. The current actual PBR is Not disclosed. |
| Plan assumptions | Global economic conditions and the business environment continue to change with greater volatility and speed than before and cannot be viewed with optimism. Numerical assumptions are Not disclosed. |
| Key initiatives | Growth strategy |
| Reason for revision or withdrawal | The Company had announced revised targets on 7 November 2025, but decided to review the targets again in light of the final results for the fiscal year ending March 2026 and the earnings forecast for the fiscal year ending March 2027. The numerical targets under the medium- to long-term management vision were also revised in light of changes in global economic conditions and the business environment. The PBR target was excluded from the numerical targets after taking into account the current PBR level of the Company compared with the level at the time the original target was set. |
| Risks identified | Global economic conditions and the business environment continuing to change with greater volatility and speed than before |
| Date of board resolution | 14 May 2026 |
| Publication date | 14 May 2026 |
Items this document does not state (13)
Operating profit targetOperating profit margin targetNet income targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planSize of the Target Market
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 targets under the medium-term plan were revised based on the final results for the fiscal year ending March 2026 and the earnings forecast for the fiscal year ending March 2027. In addition, the numerical targets under the long-term vision were revised in light of the significant and rapid changes in the global economy and business environment. The PBR target was excluded from the numerical targets after taking into account the current PBR level compared with the level at the time the original target was set.
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.