Worth reading
63In focus
Scored from 4 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
8
% (ROE target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedROENot disclosed → More than 8%
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planTargets for financial metrics including operating profit, ROE and ROIC → Expected to fall short of the targets
Investment amount by sectorField Capital Expenditure / Amount An annual average of ¥35 billion for fiscal years 2026–2028 / Comparison The 2025 Medium-Term Management Plan: an annual average of ¥44 billion
Statements about the use of capital
Payout ratio / DOE policyThe basic policy is to continue stable dividends, with a total payout ratio of 30% as a guideline. The period covered is the 2030 Medium-Term Management Plan (Fiscal Years 2026–2030).The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Self-assessment of PBR and share priceThe company aims to achieve PBR of more than 1.0x by fiscal 2030. No numerical assessment has been disclosed for the current PBR and share price levels.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Thorough implementation of safety and disaster prevention, quality and compliance
02Business Portfolio Reform
03Laying the groundwork for the future
04Building and strengthening the foundation
05Film business
06Life Sciences Business
07Environment and functional materials business, mainly 東洋紡エムシー
08Stop, consolidate and connect
Segment targetSubject Businesses designated as “priority” / Indicator Capital employed ratio / Target More than 50% / Latest results 27％ / Timing FY2028
Reason for revision or withdrawal
Earning power declined due to delays in restructuring the business portfolio, responding to changes in the operating environment and launching major growth investments.
| Item | Details |
|---|---|
| Plan name | 2030 Medium-Term Management Plan (Fiscal Years 2026–2030) |
| Plan period | FY2026–FY2030 |
| Progress against the plan | Formulated |
| ROE target | Not disclosed → More than 8% |
| Payout ratio / DOE policy | The basic policy is to continue stable dividends, with a total payout ratio of 30% as a guideline. The period covered is the 2030 Medium-Term Management Plan (Fiscal Years 2026–2030). |
| Self-assessment of PBR and share price | The company aims to achieve PBR of more than 1.0x by fiscal 2030. No numerical assessment has been disclosed for the current PBR and share price levels. |
| Investment amount by sector | Field Capital Expenditure / Amount An annual average of ¥35 billion for fiscal years 2026–2028 / Comparison The 2025 Medium-Term Management Plan: an annual average of ¥44 billion |
| Segment target | Subject Businesses designated as “priority” / Indicator Capital employed ratio / Target More than 50% / Latest results 27％ / Timing FY2028 |
| Key initiatives | Thorough implementation of safety and disaster prevention, quality and compliance, Business Portfolio Reform, Laying the groundwork for the future, Building and strengthening the foundation, Film business, Life Sciences Business, Environment and functional materials business, mainly 東洋紡エムシー, Stop, consolidate and connect |
| Results under the previous plan | Targets for financial metrics including operating profit, ROE and ROIC → Expected to fall short of the targets |
| Reason for revision or withdrawal | Earning power declined due to delays in restructuring the business portfolio, responding to changes in the operating environment and launching major growth investments. |
| Publication date | 6 April 2026 |
Items this document does not state (13)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetTreasury share acquisition policyCost of capitalTotal investment planNon-financial targetsPlan assumptionsSize of the Target MarketRisks identifiedDate 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.Under the previous plan, earning power declined due to delays in restructuring the business portfolio, responding to changes in the operating environment and launching major growth investments. As a result, financial metrics including operating profit, ROE and ROIC are expected to fall short of their targets.
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.