Worth reading
59In 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
8.2
¥100 million (FY2029 operating profit target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.1%
基準 2,026Target2,029100 million
Operating profit+0.1%
基準 2,026Target2,029100 million
Operating profit margin+3.0pt
基準 2,026Target2,029%
ROE-2,018.0pt
基準 2,026Target8%
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.
Total investment planApproximately ¥3.7 billion (¥3,700 million)
Investment amount by sectorField Projects approved for commercialization / Investment amount ¥2,500 million, Field New initiatives / Investment amount ¥1,200 million
Statements about the use of capital
Payout ratio / DOE policyA payout ratio of 30% will be used as a guideline, with an annual dividend per share floor of ¥50. The capital allocation policy and medium- to long-term policy cover FY2027–FY2029. 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 effective use of treasury shares and other measures are identified as one source of funding for growth investments and other purposes. The acquisition limit, timing and terms are Not disclosed.
Self-assessment of PBR and share pricePBR was 0.52x as of the end of August 2026. The company aims to improve PBR by enhancing profitability and capital efficiency.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Promote development of new properties
02Promote rooftop solar power plants
03Scrap and rebuild existing properties
04Review of the cost structure
05Review sales channels
06Review of the product mix
07Improve room rates
08Strengthen the profitable lodging division
09Provide ongoing information on the growth strategy and investment progress
10Provide ongoing information on the shareholder returns policy
11Continue dialogue with investors
Segment targetSegment Rental and warehousing / Net Sales ¥1.80 billion / Operating profit ¥800 million, Segment Apparel / Net Sales ¥600 million / Operating profit ¥20 million, Segment Hotels / Net Sales ¥400 million / Operating profit ¥0 million, Segment Total / Net Sales ¥2.8 billion / Operating profit ¥820 million
Risks identified by the company
Future performance and results may differ materially due to changes in various factors
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Plan period | FY2027–FY2029 |
| Progress against the plan | Formulated |
| Sales Target | FY2026 actual 23.0 → FY2029 plan 28.0（+21.3%） |
| Operating profit target | FY2026 actual 4.7 → FY2029 plan 8.2（+72.9%） |
| Operating profit margin target | FY2026 actual 20.5% → FY2029 plan 29.3% |
| ROE target | FY ended August 2026 actual 5.35% → Medium- to long-term target: 8% or higher |
| Payout ratio / DOE policy | A payout ratio of 30% will be used as a guideline, with an annual dividend per share floor of ¥50. The capital allocation policy and medium- to long-term policy cover FY2027–FY2029. DOE is Not disclosed. |
| Treasury share acquisition policy | The effective use of treasury shares and other measures are identified as one source of funding for growth investments and other purposes. The acquisition limit, timing and terms are Not disclosed. |
| Self-assessment of PBR and share price | PBR was 0.52x as of the end of August 2026. The company aims to improve PBR by enhancing profitability and capital efficiency. |
| Total investment plan | Approximately ¥3.7 billion (¥3,700 million) |
| Investment amount by sector | Field Projects approved for commercialization / Investment amount ¥2,500 million, Field New initiatives / Investment amount ¥1,200 million |
| Segment target | Segment Rental and warehousing / Net Sales ¥1.80 billion / Operating profit ¥800 million, Segment Apparel / Net Sales ¥600 million / Operating profit ¥20 million, Segment Hotels / Net Sales ¥400 million / Operating profit ¥0 million, Segment Total / Net Sales ¥2.8 billion / Operating profit ¥820 million |
| Key initiatives | Promote development of new properties, Promote rooftop solar power plants, Scrap and rebuild existing properties, Review of the cost structure, Review sales channels, Review of the product mix, Improve room rates, Strengthen the profitable lodging division, Provide ongoing information on the growth strategy and investment progress, Provide ongoing information on the shareholder returns policy, Continue dialogue with investors |
| Risks identified | Future performance and results may differ materially due to changes in various factors |
Items this document does not state (10)
Net income targetROIC targetCost of capitalNon-financial targetsPlan assumptionsResults 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 make the rental and warehousing business a core business and transition to the next phase of growth investment. The company aims to improve overall profitability by expanding profits from the rental and warehousing business and improving the profitability of the apparel and hotel businesses.
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.