Worth reading
51Recurring
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
9
% (ROE and ROIC targets for the fiscal year ending March 2030)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+8.6%
基準 2,026Target2,200100 million
ROE+4.0pt
基準 2,026Target2,030%
ROIC+4.0pt
基準 2,026Target2,030%
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).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
Operating profitLatest results (fiscal year ending March 2026): 129 → Not disclosed
Operating profit marginLatest results (fiscal year ending March 2026): 7.2 → Not disclosed
Net income for the current fiscal yearLatest results (fiscal year ending March 2026): 40 → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planQuantitative target under the medium-term management plan: ROE of at least 7% → Actual results for the fiscal year ending March 2026: ROE of 3.5%+28,842.9%Calculated from the two disclosed figures
Statements about the use of capital
Cost of capitalCost of equity: 4.3%-5.9%; WACC (weighted average cost of capital): 3.7%-4.5%The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share pricePBR for the fiscal year ending March 2026 was 0.94x, close to 1x, but has consistently remained below 1x over the past 5 fiscal years. The Company recognizes that this is attributable to the scope for improving capital efficiency and the failure to gain a sufficient understanding of or sufficient valuation for the feasibility of its growth strategy.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Achieve the quantitative financial targets in the new medium-term management plan
02Advance business portfolio management
03Establish a department responsible for SR (Stakeholder Relations) and clarify the responsible reporting line
04Enhance information disclosure
Reason for revision or withdrawal
In addition to the scope for improving capital efficiency, the Company recognizes that a factor is that shareholders and investors have not gained a sufficient understanding of or placed sufficient value on the feasibility of its growth strategy.
| Item | Details |
|---|---|
| Plan name | New medium-term management plan |
| Plan period | 4 years from the fiscal year ending March 2027 through the fiscal year ending March 2030 |
| Progress against the plan | Formulated |
| Sales Target | Latest results (fiscal year ending March 2026): 1,801 → Consolidated net sales: 2,200 |
| Operating profit target | Latest results (fiscal year ending March 2026): 129 → Not disclosed |
| Operating profit margin target | Latest results (fiscal year ending March 2026): 7.2 → Not disclosed |
| Net income target | Latest results (fiscal year ending March 2026): 40 → Not disclosed |
| ROE target | Latest results (fiscal year ending March 2026): 3.5% / Quantitative target under the medium-term management plan: at least 7% → Fiscal year ending March 2030: at least 9% |
| ROIC target | Latest results (fiscal year ending March 2026): 7.3% → Fiscal year ending March 2030: at least 9% |
| Cost of capital | Cost of equity: 4.3%-5.9%; WACC (weighted average cost of capital): 3.7%-4.5% |
| Self-assessment of PBR and share price | PBR for the fiscal year ending March 2026 was 0.94x, close to 1x, but has consistently remained below 1x over the past 5 fiscal years. The Company recognizes that this is attributable to the scope for improving capital efficiency and the failure to gain a sufficient understanding of or sufficient valuation for the feasibility of its growth strategy. |
| Key initiatives | Achieve the quantitative financial targets in the new medium-term management plan, Advance business portfolio management, Establish a department responsible for SR (Stakeholder Relations) and clarify the responsible reporting line, Enhance information disclosure |
| Results under the previous plan | Quantitative target under the medium-term management plan: ROE of at least 7% → Actual results for the fiscal year ending March 2026: ROE of 3.5% |
| Reason for revision or withdrawal | In addition to the scope for improving capital efficiency, the Company recognizes that a factor is that shareholders and investors have not gained a sufficient understanding of or placed sufficient value on the feasibility of its growth strategy. |
| Date of board resolution | 16 June 2026 |
| Publication date | 16 June 2026 |
Items this document does not state (9)
Payout ratio / DOE policyTreasury share acquisition policyTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsSize 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.ROE for the fiscal year ending March 2026 fell below the medium-term management plan's quantitative target of at least 7%, there is room to improve capital efficiency, and shareholders and investors have not gained a sufficient understanding of or placed sufficient value on the feasibility of the Company's growth strategy.
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.