Worth reading
43Recurring
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
100
¥100 million (revenue target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet SalesNot disclosed → 100 Hundreds of millions of yen
ROENot disclosed → At least 8% on a sustained basis and at least 12% over the medium to long term
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Payout ratio / DOE policyFrom the current fiscal year onward, the Company aims to increase dividends further, assuming the continuation of dividends of at least ¥17 per share. It will consider targets for dividend payout ratio, DOE and other dividend metrics.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalApproximately 5–6%The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share priceThe price-to-book ratio (PBR) is above 1x, and the Company aims to improve it further. The actual PBR for the 45th fiscal year was 1.22.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Improving Profitability
02Growth Strategy
03Stable Shareholder Returns
04Strengthening IR
05Improve share liquidity
Plan assumptionsApplication of new lease accounting in the fiscal year ending March 2028, Rising raw material prices, Higher labor costs
Non-financial targetsIndicator name Number of new stores / Target value 1–2 stores per fiscal year / Timing Each fiscal year, Indicator name Number of stores undergoing major renovations / Target value At least 5 stores / Timing Continued each fiscal year, Indicator name Regular investor briefings / Target value Twice a year / Timing Next steps
Risks identified by the company
Rising raw material prices
Higher labor costs
Low share liquidity
Reason for revision or withdrawal
Impairment measures ahead of the application of new lease accounting in the fiscal year ending March 2028, responses to higher raw material prices and labor costs, and measures to address the low share liquidity identified by institutional investors.
| Item | Details |
|---|---|
| Plan name | Update on Initiatives to Achieve Management Conscious of Capital Costs and Share Prices |
| Progress against the plan | Partially revised |
| Sales Target | Not disclosed → 100 Hundreds of millions of yen |
| ROE target | Not disclosed → At least 8% on a sustained basis and at least 12% over the medium to long term |
| Payout ratio / DOE policy | From the current fiscal year onward, the Company aims to increase dividends further, assuming the continuation of dividends of at least ¥17 per share. It will consider targets for dividend payout ratio, DOE and other dividend metrics. |
| Cost of capital | Approximately 5–6% |
| Self-assessment of PBR and share price | The price-to-book ratio (PBR) is above 1x, and the Company aims to improve it further. The actual PBR for the 45th fiscal year was 1.22. |
| Non-financial targets | Indicator name Number of new stores / Target value 1–2 stores per fiscal year / Timing Each fiscal year, Indicator name Number of stores undergoing major renovations / Target value At least 5 stores / Timing Continued each fiscal year, Indicator name Regular investor briefings / Target value Twice a year / Timing Next steps |
| Plan assumptions | Application of new lease accounting in the fiscal year ending March 2028, Rising raw material prices, Higher labor costs |
| Key initiatives | Improving Profitability, Growth Strategy, Stable Shareholder Returns, Strengthening IR, Improve share liquidity |
| Reason for revision or withdrawal | Impairment measures ahead of the application of new lease accounting in the fiscal year ending March 2028, responses to higher raw material prices and labor costs, and measures to address the low share liquidity identified by institutional investors. |
| Risks identified | Rising raw material prices, Higher labor costs, Low share liquidity |
| Date of board resolution | 13 July 2026 |
| Publication date | 13 July 2026 |
Items this document does not state (11)
Plan periodOperating profit targetOperating profit margin targetNet income targetROIC targetTreasury share acquisition policyTotal investment planInvestment amount by sectorSegment targetResults under the previous planSize of the Target Market
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.The Company reassessed and analyzed its current status, prepared impairment measures ahead of the application of new lease accounting in the fiscal year ending March 2028, responded to higher raw material prices and labor costs, and addressed institutional investors' comments regarding the low liquidity of its shares.
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.