Worth reading
51Recurring
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
0.5
Percentage points (increase in the estimated cost of equity range)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+6.4%
基準 93,067Target99,000million
Operating profit+0.1%
基準 2,025Target2,027million
Net income for the current fiscal year+0.1%
基準 2,025Target2,027million
ROE+5.0pt
基準 2,025Target2,030%
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.
What happened to the previous planNot disclosed → FY2025 actual: revenue of ¥93,067 million, operating profit of ¥1,077 million, and net income attributable to owners of the parent of ¥988 million
Investment amount by sectorField Strategic upfront investments to enhance brand value and promote human capital management / Amount Not disclosed
Statements about the use of capital
Cost of capitalCost of equity: approximately 4.5–5.0% (previously approximately 4.0–4.5%)The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share priceThe Company has maintained a PBR of at least 1x, with PBR at 1.35x in FY2025. It will continue working to maintain and improve its PBR.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Strengthening Profitability
02Providing products and services that meet customer needs
03Expanding new businesses and business domains
04Strengthening the Management Platform
05Improving operational efficiency
06Accelerating human capital management
07Strengthening the Group's overall capabilities
08Business Portfolio Selection and Focus
09Strengthening Group Collaboration
Plan assumptionsInformation available at the time the materials were prepared and certain assumptions deemed reasonable. Factors that may affect actual results include economic conditions, the market environment, fluctuations in foreign exchange rates and raw material prices, and natural disasters, among others.
Risks identified by the company
Economic Conditions
Market Environment
Fluctuations in foreign exchange rates and raw material prices
Natural disasters and other events
Uncertainty that prevents the Company from committing to or guaranteeing the achievement of future figures and initiatives
Reason for revision or withdrawal
Taking into account the increase in long-term interest rates, the current estimated cost of equity was set at approximately 4.5–5.0%. In FY2026, the Company will actively make strategic upfront investments to enhance brand value and promote human capital management.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Plan period | FY2025–FY2027 (ROE targets through FY2030) |
| Progress against the plan | Annual update |
| Sales Target | 93,067 (FY2025 actual) → 99,000 (FY2027 plan)（+6.4% (vs. FY2025 actual)） |
| Operating profit target | 1,077 (FY2025 actual) → 1,200 (FY2027 plan)（+11.4% (vs. FY2025 actual)） |
| Net income target | 988 (FY2025 actual) → 1,000 (FY2027 plan)（+1.2% (vs. FY2025 actual)） |
| ROE target | 3.2% (FY2025 actual) → 3.0% (FY2027), 5.0% (FY2030) |
| Cost of capital | Cost of equity: approximately 4.5–5.0% (previously approximately 4.0–4.5%) |
| Self-assessment of PBR and share price | The Company has maintained a PBR of at least 1x, with PBR at 1.35x in FY2025. It will continue working to maintain and improve its PBR. |
| Investment amount by sector | Field Strategic upfront investments to enhance brand value and promote human capital management / Amount Not disclosed |
| Plan assumptions | Information available at the time the materials were prepared and certain assumptions deemed reasonable. Factors that may affect actual results include economic conditions, the market environment, fluctuations in foreign exchange rates and raw material prices, and natural disasters, among others. |
| Key initiatives | Strengthening Profitability, Providing products and services that meet customer needs, Expanding new businesses and business domains, Strengthening the Management Platform, Improving operational efficiency, Accelerating human capital management, Strengthening the Group's overall capabilities, Business Portfolio Selection and Focus, Strengthening Group Collaboration |
| Results under the previous plan | Not disclosed → FY2025 actual: revenue of ¥93,067 million, operating profit of ¥1,077 million, and net income attributable to owners of the parent of ¥988 million |
| Reason for revision or withdrawal | Taking into account the increase in long-term interest rates, the current estimated cost of equity was set at approximately 4.5–5.0%. In FY2026, the Company will actively make strategic upfront investments to enhance brand value and promote human capital management. |
| Risks identified | Economic Conditions, Market Environment, Fluctuations in foreign exchange rates and raw material prices, Natural disasters and other events, Uncertainty that prevents the Company from committing to or guaranteeing the achievement of future figures and initiatives |
| Publication date | 15 May 2026 |
Items this document does not state (9)
Operating profit margin targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyTotal investment planSegment targetNon-financial targetsSize of the Target MarketDate 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.Because the increase in long-term interest rates was reflected in the estimate of the cost of equity. The upfront investments in FY2026 are intended to enhance brand value and promote human capital management.
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.