Worth reading
51Recurring
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
20000
¥ million (fiscal 2030 revenue target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+49.3%
基準 13,400Target20,000million
Operating profit+0.1%
基準 2,027Target2,030million
Operating profit margin+3.0pt
基準 2,027Target2,030%
ROE+3.0pt
基準 2,027Target2,030%
ROIC+3.0pt
基準 2,027Target2,030%
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.
Statements about the use of capital
Payout ratio / DOE policyDividend payout ratio of 25.0% or higher and DOE of 2.0% (both from fiscal 2027 onward). The forecasts for the fiscal year ending March 2027 are a dividend payout ratio of 35.8% and DOE of 1.6%.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 identifies “initiatives to improve PBR” as a measure, but provides no figures or assessment of the current PBR or share price level.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Technological innovation and adoption of 3 materials
02Strong push toward commercialization
03Thorough improvement of the existing processing business
04Creation of a thin absorbent business
05Initiatives to improve PBR
06Initiatives to improve capital efficiency
07Enhancement of shareholder returns
08Enhancing Investor Relations Activities
09Review of segments
10Promoting Human Capital Management
11DX Promotion
12Initiatives toward decarbonization
13Development of Environmentally Friendly Products
Plan assumptionsSoaring raw material and fuel prices and sharp foreign exchange fluctuations, Higher costs for materials, fuel and logistics, Greater difficulty securing personnel and passing on skills at manufacturing sites, Growing social demands for decarbonization and the elimination of plastics, The emergence of low-priced overseas products and intensifying price competition
Risks identified by the company
Potential risks and uncertainties
Actual performance and other results may differ materially from the outlook due to changes in the economic and business environments and other factors.
Surging raw material and fuel prices
Sharp foreign exchange fluctuations
Labor shortages
Response to decarbonization and the elimination of plastics
The emergence of low-priced overseas products and intensifying price competition
| Item | Details |
|---|---|
| Plan name | Second Medium-Term Management Plan Outline |
| Plan period | Fiscal years 2027–2030 (4 years) |
| Progress against the plan | Formulated |
| Sales Target | ¥13,400 million (forecast for the fiscal year ending March 2027) → ¥20,000 million (fiscal 2030 target)（+49.3%） |
| Operating profit target | ¥500 million (forecast for the fiscal year ending March 2027) → ¥1,700 million (fiscal 2030 target)（+240.0%） |
| Operating profit margin target | 3.7% (forecast for the fiscal year ending March 2027) → 8.5% (fiscal 2030 target)（+129.7%） |
| ROE target | 4.5% (forecast for the fiscal year ending March 2027) → 10.0% (fiscal 2030 target)（+122.2%） |
| ROIC target | 2.9% (forecast for the fiscal year ending March 2027) → 7.0% (FY2030 target)（+141.4%） |
| Payout ratio / DOE policy | Dividend payout ratio of 25.0% or higher and DOE of 2.0% (both from fiscal 2027 onward). The forecasts for the fiscal year ending March 2027 are a dividend payout ratio of 35.8% and DOE of 1.6%. |
| Self-assessment of PBR and share price | The company identifies “initiatives to improve PBR” as a measure, but provides no figures or assessment of the current PBR or share price level. |
| Plan assumptions | Soaring raw material and fuel prices and sharp foreign exchange fluctuations, Higher costs for materials, fuel and logistics, Greater difficulty securing personnel and passing on skills at manufacturing sites, Growing social demands for decarbonization and the elimination of plastics, The emergence of low-priced overseas products and intensifying price competition |
| Key initiatives | Technological innovation and adoption of 3 materials, Strong push toward commercialization, Thorough improvement of the existing processing business, Creation of a thin absorbent business, Initiatives to improve PBR, Initiatives to improve capital efficiency, Enhancement of shareholder returns, Enhancing Investor Relations Activities, Review of segments, Promoting Human Capital Management, DX Promotion, Initiatives toward decarbonization, Development of Environmentally Friendly Products |
| Risks identified | Potential risks and uncertainties, Actual performance and other results may differ materially from the outlook due to changes in the economic and business environments and other factors., Surging raw material and fuel prices, Sharp foreign exchange fluctuations, Labor shortages, Response to decarbonization and the elimination of plastics, The emergence of low-priced overseas products and intensifying price competition |
| Date of board resolution | 9 November 2026 |
| Publication date | 9 November 2026 |
Items this document does not state (10)
Net income targetTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planReason for revision or withdrawalSize 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.To respond to changes in the operating environment, including soaring raw material and fuel and energy prices, a worsening labor shortage, growing demands for decarbonization and resource recycling, the emergence of low-priced overseas products and the need for higher value-added products, while strengthening the business foundation and pursuing sustained growth in corporate value.
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.