Worth reading
47Recurring
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
200
¥100 million (2030 revenue target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+0.2%
基準 2,026Target2,030hundred million
Operating profit margin+4.0pt
基準 2,026Target2,030％
ROE+4.0pt
基準 2,026Target2,030％
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.
Operating profitNot disclosed → At least ¥1.7 billion (2030 target)
Only the target level is shown because the current level for comparison was not provided.Investment amount by sectorBusiness investment (amount: Not disclosed), Capital expenditure (amount: Not disclosed), IT and DX investment (amount: Not disclosed), Research and development investment (amount: Not disclosed)
Statements about the use of capital
Payout ratio / DOE policyShareholder returns will be made based on a dividend payout ratio of at least 25% or a newly established DOE target. The policy was changed to take DOE into account from the fiscal year ending March 2026. The applicable period 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.
Cost of capitalShareholders’ equity cost of approximately 8%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 company stated its intention to improve PBR. Its assessment of, and figures for, the current PBR and share price level are Not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Profitability Improvement
02Promoting new businesses
03Appropriate pricing
04Optimizing the cost structure
05Improving asset efficiency
06Reducing working capital
07DX (business reform and efficiency improvements)
08Optimizing financial leverage
09Strategic use of interest-bearing debt
10Strengthening the management platform
11Restructuring the Business Portfolio
12Human Capital Management
13Enhancing brand value
14Growth Investment
15Business Investment
16Capital Expenditure
17IT and digital-transformation investment
18R&D investment
19Enhancement of shareholder returns
20Strengthen dialogue with investors
21Strengthening IR activities (briefings for individual investors, supplementary earnings materials, etc.)
| Item | Details |
|---|---|
| Plan name | Long-Term Management Vision 2030 |
| Plan period | Start year: Not disclosed; final year: 2030 |
| Progress against the plan | Partially revised |
| Sales Target | ¥12.1 billion (fiscal year ending March 2026 results) → At least ¥20 billion (2030 target)（At least 65.3%） |
| Operating profit target | Not disclosed → At least ¥1.7 billion (2030 target) |
| Operating profit margin target | 3.5% (fiscal year ending March 2026 results) → At least 8.5% (2030 target)（At least 142.9%） |
| ROE target | 7.3% (fiscal year ending March 2026 results) → At least 10.0% (2030 target)（At least 37.0%） |
| Payout ratio / DOE policy | Shareholder returns will be made based on a dividend payout ratio of at least 25% or a newly established DOE target. The policy was changed to take DOE into account from the fiscal year ending March 2026. The applicable period is Not disclosed. |
| Cost of capital | Shareholders’ equity cost of approximately 8% |
| Self-assessment of PBR and share price | The company stated its intention to improve PBR. Its assessment of, and figures for, the current PBR and share price level are Not disclosed. |
| Investment amount by sector | Business investment (amount: Not disclosed), Capital expenditure (amount: Not disclosed), IT and DX investment (amount: Not disclosed), Research and development investment (amount: Not disclosed) |
| Key initiatives | Profitability Improvement, Promoting new businesses, Appropriate pricing, Optimizing the cost structure, Improving asset efficiency, Reducing working capital, DX (business reform and efficiency improvements), Optimizing financial leverage, Strategic use of interest-bearing debt, Strengthening the management platform, Restructuring the Business Portfolio, Human Capital Management, Enhancing brand value, Growth Investment, Business Investment, Capital Expenditure, IT and digital-transformation investment, R&D investment, Enhancement of shareholder returns, Strengthen dialogue with investors, Strengthening IR activities (briefings for individual investors, supplementary earnings materials, etc.) |
| Date of board resolution | 14 May 2026 |
| Publication date | 14 May 2026 |
Items this document does not state (11)
Net income targetROIC targetTreasury share acquisition policyTotal investment planSegment targetNon-financial targetsPlan assumptionsResults 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.To improve the net profit margin by transitioning to a revenue structure less susceptible to external environmental factors, developing high-value-added products, and strengthening the processing business. In addition, DOE, which is based on shareholders' equity and is less susceptible to short-term earnings fluctuations, will be introduced to provide stable and sustainable shareholder returns while balancing retained earnings required for growth investment.
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.