Worth reading
42Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales-97.0%
基準 67,603Target2,029Millions of yen (latest actual) / hundreds of millions of yen (final-year target)
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.
Operating profitActual results for the fiscal year ended March 2026: ¥5,066 million → Not disclosed
Net income for the current fiscal yearActual results for the fiscal year ended March 2026: ¥3,054 million → Not disclosed
ROEActual results for the fiscal year ended March 2026: 24.0% → Not disclosed
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Payout ratio / DOE policyThe Company’s basic policy is to provide stable dividends and seek to increase dividend levels in line with profit growth. Period covered: medium termThe payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalCost of equity based on CAPM: generally in the 6%–8% range over the most recent 5 fiscal years, with an average of approximately 7% over the 5-year periodThe cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share pricePBR has ranged between 1.5x and 2.5x, reaching 2.5x for the fiscal year ended March 2026. The Company recognizes that PBR has remained above 1x and that market valuation is at a favorable level.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Strengthen growth and profitability
02Ensure financial stability
03Enhance information disclosure and dialogue
| Item | Details |
|---|---|
| Plan name | Beyond 1000 |
| Plan period | Fiscal years ending March 2027 to March 2029 |
| Progress against the plan | Partially revised |
| Sales Target | Actual results for the fiscal year ended March 2026: ¥67,603 million → Target for the fiscal year ending March 2029: ¥100 billion |
| Operating profit target | Actual results for the fiscal year ended March 2026: ¥5,066 million → Not disclosed |
| Net income target | Actual results for the fiscal year ended March 2026: ¥3,054 million → Not disclosed |
| ROE target | Actual results for the fiscal year ended March 2026: 24.0% → Not disclosed |
| Payout ratio / DOE policy | The Company’s basic policy is to provide stable dividends and seek to increase dividend levels in line with profit growth. Period covered: medium term |
| Cost of capital | Cost of equity based on CAPM: generally in the 6%–8% range over the most recent 5 fiscal years, with an average of approximately 7% over the 5-year period |
| Self-assessment of PBR and share price | PBR has ranged between 1.5x and 2.5x, reaching 2.5x for the fiscal year ended March 2026. The Company recognizes that PBR has remained above 1x and that market valuation is at a favorable level. |
| Key initiatives | Strengthen growth and profitability, Ensure financial stability, Enhance information disclosure and dialogue |
| Date of board resolution | 22 May 2026 |
| Publication date | 22 May 2026 |
Items this document does not state (12)
Operating profit margin targetROIC targetTreasury share acquisition policyTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planReason for revision or withdrawalSize 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 believes that, to further enhance corporate value, it is important to assess PBR from both the perspectives of ROE and PER and to work to maintain and improve capital profitability while enhancing market valuation.
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.