Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
204
¥ million (increase in net sales from the fiscal year ended March 2025 to the fiscal year ended March 2026)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateROE+1.0pt
基準 2,026Target2,027%
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).
Statements about the use of capital
Payout ratio / DOE policyThe Company implements a dividend policy that takes earnings and cash flow into account. For the fiscal year ending March 2027, the forecast is DOE of 2.0%, a dividend payout ratio of 21.1%, and a dividend per share of ¥3.0.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capital5.6% (cost of equity for the fiscal year ended March 2026)The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share pricePBR (ROE × PER) remains high. PBR was 2.0x for the fiscal year ended March 2026.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Improve ROA
02Aim to improve PBR by improving ROE
03Reduce cost of capital by lowering share price volatility
04Aim to expand the Company's intrinsic value
05Link investment to expand human capital to improvements in ROE and PBR
06Focus on AI-related investment over the medium to long term under the product vision
07Establish a platform and marketplace and aim to expand the ecosystem
08Lower share price volatility through a stock split and the introduction of a shareholder benefit program
Risks identified by the company
Potential risks and uncertainties
Future results may differ from actual results due to changes in the business environment
The accuracy, currency, usefulness, and all other aspects of the information provided are not guaranteed
Data tampering by third parties
Reason for revision or withdrawal
The content was updated based on the current analysis and assessment of the situation, progress on initiatives, and other factors.
| Item | Details |
|---|---|
| Plan name | Measures to Achieve Management That Is Conscious of the Cost of Capital and Share Price |
| Progress against the plan | Annual update |
| ROE target | 7.8% (actual for the fiscal year ended March 2026) → 9.5% (forecast for the fiscal year ending March 2027)（21.8%） |
| Payout ratio / DOE policy | The Company implements a dividend policy that takes earnings and cash flow into account. For the fiscal year ending March 2027, the forecast is DOE of 2.0%, a dividend payout ratio of 21.1%, and a dividend per share of ¥3.0. |
| Cost of capital | 5.6% (cost of equity for the fiscal year ended March 2026) |
| Self-assessment of PBR and share price | PBR (ROE × PER) remains high. PBR was 2.0x for the fiscal year ended March 2026. |
| Key initiatives | Improve ROA, Aim to improve PBR by improving ROE, Reduce cost of capital by lowering share price volatility, Aim to expand the Company's intrinsic value, Link investment to expand human capital to improvements in ROE and PBR, Focus on AI-related investment over the medium to long term under the product vision, Establish a platform and marketplace and aim to expand the ecosystem, Lower share price volatility through a stock split and the introduction of a shareholder benefit program |
| Reason for revision or withdrawal | The content was updated based on the current analysis and assessment of the situation, progress on initiatives, and other factors. |
| Risks identified | Potential risks and uncertainties, Future results may differ from actual results due to changes in the business environment, The accuracy, currency, usefulness, and all other aspects of the information provided are not guaranteed, Data tampering by third parties |
| Publication date | 22 June 2026 |
Items this document does not state (15)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetTreasury share acquisition policyTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planSize of the Target MarketDate 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.The update reflects the current analysis and assessment of the situation, progress on initiatives, and other factors related to the content announced on 23 June 2025.
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.