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Management planning2903SHINOBU FOODS PRODUCTS CO.,LTD.Food

Progress Report on the Medium-Term Management Plan for the Fiscal Year Ending March 2026

Reported on initiatives and progress for the fiscal year ending March 2026 and reiterated the medium-term management plan's targets for the fiscal years ending March 2026 through March 2030. The company also stated its policy of gradually raising the dividend payout ratio to approximately 30% by the fiscal year ending March 2028 and presented its share buyback results, but did not indicate any revisions to the targets for the final fiscal year.

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Items stated in the management plan

Annual update
Medium-Term Management PlanPlan period Fiscal years ending March 2026 to March 2030
Net Sales+13.1%
基準 619Target700Hundreds of millions of yen
ROE-1.3pt
基準 11.3Target10%

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.

Statements about the use of capital
Payout ratio / DOE policyThe policy is to gradually raise the consolidated dividend payout ratio to approximately 30% by the fiscal year ending March 2028.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 acquired treasury shares from May 2025 to March 2026 to improve capital efficiency and implement agile capital policies in response to changes in the business environment. The total number of shares acquired was 1.01 million, for a total acquisition cost of ¥1.58 billion.
Key initiatives
01Sales Strategy
02Expansion of Sales Coverage
03Expand the frozen-food business
04Expand transactions with consumer cooperatives
05Launch collaborative products with restaurants, food ingredient manufacturers and schools
06Propose new products at trade shows and develop new business partners
07Cost strategy
08Ensure stable procurement and adopt flexible contract periods in response to soaring rice prices
09Review product specifications in anticipation of higher raw material prices
10Improve quality and productivity by promoting mechanization
11Reduce logistics costs by reviewing delivery routes
12Sustainability Strategy
13Obtain the highest, three-star level of Eruboshi certification
14Talent development
15Food Waste Reduction
16Contribute to communities surrounding business locations
17Financial Strategy
18Conduct share buybacks (May 2025 to March 2026)
19Changing the dividend policy
20Disseminate information through media and social media
Plan assumptionsChanges in the external environment, including soaring raw material prices, Soaring rice prices
Non-financial targetsIndicator name Eruboshi Certification / Target value Obtain the highest, three-star level / Timing Fiscal year ending March 2026
Risks identified by the company
Changes in the external environment, including soaring raw material prices
The current fiscal year's plan and performance may differ materially from expectations due to various factors that may arise in the future
Items stated in the management plan
ItemDetails
Plan nameMedium-Term Management Plan
Plan periodFiscal years ending March 2026 to March 2030
Progress against the planAnnual update
Sales Target619 Hundreds of millions of yen → 700 Hundreds of millions of yen(13.1%)
ROE target11.3 % → 10 %(-11.5%)
Payout ratio / DOE policyThe policy is to gradually raise the consolidated dividend payout ratio to approximately 30% by the fiscal year ending March 2028.
Treasury share acquisition policyThe company acquired treasury shares from May 2025 to March 2026 to improve capital efficiency and implement agile capital policies in response to changes in the business environment. The total number of shares acquired was 1.01 million, for a total acquisition cost of ¥1.58 billion.
Non-financial targetsIndicator name Eruboshi Certification / Target value Obtain the highest, three-star level / Timing Fiscal year ending March 2026
Plan assumptionsChanges in the external environment, including soaring raw material prices, Soaring rice prices
Key initiativesSales Strategy, Expansion of Sales Coverage, Expand the frozen-food business, Expand transactions with consumer cooperatives, Launch collaborative products with restaurants, food ingredient manufacturers and schools, Propose new products at trade shows and develop new business partners, Cost strategy, Ensure stable procurement and adopt flexible contract periods in response to soaring rice prices, Review product specifications in anticipation of higher raw material prices, Improve quality and productivity by promoting mechanization, Reduce logistics costs by reviewing delivery routes, Sustainability Strategy, Obtain the highest, three-star level of Eruboshi certification, Talent development, Food Waste Reduction, Contribute to communities surrounding business locations, Financial Strategy, Conduct share buybacks (May 2025 to March 2026), Changing the dividend policy, Disseminate information through media and social media
Risks identifiedChanges in the external environment, including soaring raw material prices, The current fiscal year's plan and performance may differ materially from expectations due to various factors that may arise in the future
Items this document does not state (14)
Operating profit targetOperating profit margin targetNet income targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetResults under the previous planReason for revision or withdrawalSize of the Target MarketDate of board resolutionPublication date

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.

To improve profitability while responding to changes in the external environment, including soaring raw material prices, and to achieve the targets for the final fiscal year.

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Progress Report on the Medium-Term Management Plan for the Fiscal Year Ending March 2026 | SHINOBU FOODS PRODUCTS CO.,LTD. (2903) timely disclosure | Komori