Worth reading
58In focus
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
UpdatesROENot disclosed → Maintain ROE in the 10% range
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 basic policy is to maintain stable dividends and gradually raise the consolidated payout ratio to approximately 30% by the fiscal year ending March 2028. DOE is Not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyThe Company will repurchase its own shares to improve capital efficiency and implement flexible capital policies in response to changes in the operating environment. The repurchase limit, timing and conditions are Not disclosed.
Cost of capitalApproximately 6–8%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 was 1.16x in the fiscal year ended March 2026, resolving the previous issue of PBR below 1.0x. The Company plans to maintain PBR above 1.0x on a stable basis. PER was 10.3x.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01“Making quality products”
02Establish a production system capable of handling three temperature ranges: ambient, chilled and frozen
03Create new value through proprietary production methods and in-house manufacturing, and expand market share
04Pursue sales opportunities overseas
05Conduct thorough profitability analysis and assess the appropriateness of invested capital
06Improve equipment utilization and work to use assets more effectively
07Make use of various media
08Actively disseminate information through social media, including the official Instagram account
09Gradually raise the consolidated payout ratio to approximately 30%
10Repurchase the Company’s own shares and seek to further enhance shareholder returns
Reason for revision or withdrawal
Based on the current assessment, the Company will work to improve capital efficiency and profitability and strengthen shareholder returns and investor relations, thereby achieving management that is conscious of cost of capital and share price and maintaining PBR above 1.0x on a stable basis.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan (fiscal years ending March 2026 to March 2030) |
| Plan period | Fiscal years ending March 2026 to March 2030 |
| Progress against the plan | Updates |
| ROE target | Not disclosed → Maintain ROE in the 10% range |
| Payout ratio / DOE policy | The basic policy is to maintain stable dividends and gradually raise the consolidated payout ratio to approximately 30% by the fiscal year ending March 2028. DOE is Not disclosed. |
| Treasury share acquisition policy | The Company will repurchase its own shares to improve capital efficiency and implement flexible capital policies in response to changes in the operating environment. The repurchase limit, timing and conditions are Not disclosed. |
| Cost of capital | Approximately 6–8% |
| Self-assessment of PBR and share price | PBR was 1.16x in the fiscal year ended March 2026, resolving the previous issue of PBR below 1.0x. The Company plans to maintain PBR above 1.0x on a stable basis. PER was 10.3x. |
| Key initiatives | “Making quality products”, Establish a production system capable of handling three temperature ranges: ambient, chilled and frozen, Create new value through proprietary production methods and in-house manufacturing, and expand market share, Pursue sales opportunities overseas, Conduct thorough profitability analysis and assess the appropriateness of invested capital, Improve equipment utilization and work to use assets more effectively, Make use of various media, Actively disseminate information through social media, including the official Instagram account, Gradually raise the consolidated payout ratio to approximately 30%, Repurchase the Company’s own shares and seek to further enhance shareholder returns |
| Reason for revision or withdrawal | Based on the current assessment, the Company will work to improve capital efficiency and profitability and strengthen shareholder returns and investor relations, thereby achieving management that is conscious of cost of capital and share price and maintaining PBR above 1.0x on a stable basis. |
| Date of board resolution | 11 May 2026 |
| Publication date | 11 May 2026 |
Items this document does not state (13)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults 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.Based on the assessment that ROE improved to the 10% range in the fiscal year ended March 2026 and that PBR had recovered to above 1.0x, to maintain ROE in the 10% range and PBR above 1.0x on a stable basis.
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.