Worth reading
42Recurring
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
ROE+2.8pt
基準 3.16Target6％
ROIC+0.0pt
基準 1.99Target2％
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).
Total investment plan25 Approximately ¥100 million
Investment amount by sectorField 必要な設備更新投資 / Amount Approximately ¥2.5 billion in total over 10 years
Statements about the use of capital
Payout ratio / DOE policy中期経営計画期間中の配当性向は50～80％程度を目指す。対象期間は当面の中期経営計画期間中。DOEは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 policy年に一回程度不定期に実施する予定。総還元性向は70～100％程度を目指す。
Cost of capitalThe cost of shareholders’ equity is assumed to be approximately 5% to 6%, and WACC at approximately 2%.The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share price株価水準が低く、2020年3月期末を除いてPBR1倍割れが続いている。2024年3月期のPBRは0.58倍。PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Commercial facilities business
02Healthcare Business
03Textile Business
04経営管理面の重点施策
05Implementation of the Basic Sustainability Policy
06Promote initiatives addressing various SDG-related issues
07Response to achieving management that is conscious of the cost of capital and share price
08Promoting Human Capital Management
09Strengthen financial management
10Promote active dialogue with investors
11Expansion of the shareholder benefits program
Plan assumptions株主資本コストは概ね5％～6％程度を想定, WACCは2％程度を想定
| Item | Details |
|---|---|
| Plan name | 中期経営計画「Jumping over the 130th～成長の未来へ～」 |
| Plan period | 2024年4月スタート、最終年度：Not disclosed |
| ROE target | 3.16 ％ → At least 6% |
| ROIC target | 1.99 ％ → At least 2% |
| Payout ratio / DOE policy | 中期経営計画期間中の配当性向は50～80％程度を目指す。対象期間は当面の中期経営計画期間中。DOEはNot disclosed。 |
| Treasury share acquisition policy | 年に一回程度不定期に実施する予定。総還元性向は70～100％程度を目指す。 |
| Cost of capital | The cost of shareholders’ equity is assumed to be approximately 5% to 6%, and WACC at approximately 2%. |
| Self-assessment of PBR and share price | 株価水準が低く、2020年3月期末を除いてPBR1倍割れが続いている。2024年3月期のPBRは0.58倍。 |
| Total investment plan | 25 Approximately ¥100 million |
| Investment amount by sector | Field 必要な設備更新投資 / Amount Approximately ¥2.5 billion in total over 10 years |
| Plan assumptions | 株主資本コストは概ね5％～6％程度を想定, WACCは2％程度を想定 |
| Key initiatives | Commercial facilities business, Healthcare Business, Textile Business, 経営管理面の重点施策, Implementation of the Basic Sustainability Policy, Promote initiatives addressing various SDG-related issues, Response to achieving management that is conscious of the cost of capital and share price, Promoting Human Capital Management, Strengthen financial management, Promote active dialogue with investors, Expansion of the shareholder benefits program |
| Date of board resolution | 2024年6月18日 |
| Publication date | 2024年6月18日 |
Items this document does not state (11)
Progress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetSegment targetNon-financial targetsResults under the previous planReason for revision or withdrawalSize 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.ROE、PBRともに低水準で推移しており、資本収益性を高めることが重要な課題であるため。また、長らく赤字体質で無配が続いていたことも、成長性に対する評価が高くないことやPBR1倍割れの一因と認識しているため。
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.