Worth reading
57In focus
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
710
¥ million (operating profit target for the fiscal year ending March 2029)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.1%
基準 2,026Target2,029Hundreds of millions of yen
Operating profit+0.1%
基準 2,026Target2,029million
Operating profit margin+3.0pt
基準 2,026Target2,029%
ROIC+3.0pt
基準 2,026Target2,029%
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.
What happened to the previous plan213 (plan for the fiscal year ending March 2026) → 185 (actual for the fiscal year ending March 2026)（-13.2%）0.0%Calculated from the two disclosed figures
Key initiatives
01Strengthen competitiveness in the separation membrane support market (quality, functionality and supply capacity)
02Reform the business structure with a focus on profitability
03Expand applications for functional materials and develop markets
04Strengthen efforts to create new businesses
05Utilize DX and AI and strengthen human capital
Plan assumptionsThe plan cites changes in the external environment, surging raw material and energy prices, and intensifying market competition, but numerical assumptions such as exchange rates and market growth rates are not disclosed
Segment targetSegment name General industrial materials / Fiscal year ending March 2027 ¥1.4 billion / Fiscal year ending March 2028 ¥1.2bn / Fiscal year ending March 2029 ¥1.3 billion, Segment name Water-Treatment Materials / Fiscal year ending March 2027 ¥10.6 billion / Fiscal year ending March 2028 ¥11.5 billion / Fiscal year ending March 2029 ¥12.0 billion, Segment name Automotive materials / Fiscal year ending March 2027 ¥8.5 billion / Fiscal year ending March 2028 ¥8.6 billion / Fiscal year ending March 2029 ¥8.7 billion
Risks identified by the company
Instability in raw material procurement due to changes in the external environment
Declines in volumes of key products due to the impact of price increases
Raw material shortages and delays in expanding sales to new customers in China
Postponement or cancellation of insulation material projects due to a sharp slowdown in the EV market
Surging prices for raw materials, fuel and energy
Declines in market prices due to intensifying competition
Risk of insufficient pass-through of higher costs into prices
| Item | Details |
|---|---|
| Plan name | 5th Medium-Term Management Plan |
| Plan period | Three years from fiscal 2026 through fiscal 2028 (April 2026 to March 2029) |
| Progress against the plan | Formulated |
| Sales Target | 185 (actual for the fiscal year ending March 2026) → 220 (plan for the fiscal year ending March 2029)（+18.9%） |
| Operating profit target | 58 (actual for the fiscal year ending March 2026) → 710 (plan for the fiscal year ending March 2029)（+1,124.1%） |
| Operating profit margin target | 0.3 (actual for the fiscal year ending March 2026) → 3.2 (plan for the fiscal year ending March 2029)（+966.7%） |
| ROIC target | 0.2 (actual for the fiscal year ending March 2026) → 2.5 (plan for the fiscal year ending March 2029)（+1,150.0%） |
| Segment target | Segment name General industrial materials / Fiscal year ending March 2027 ¥1.4 billion / Fiscal year ending March 2028 ¥1.2bn / Fiscal year ending March 2029 ¥1.3 billion, Segment name Water-Treatment Materials / Fiscal year ending March 2027 ¥10.6 billion / Fiscal year ending March 2028 ¥11.5 billion / Fiscal year ending March 2029 ¥12.0 billion, Segment name Automotive materials / Fiscal year ending March 2027 ¥8.5 billion / Fiscal year ending March 2028 ¥8.6 billion / Fiscal year ending March 2029 ¥8.7 billion |
| Plan assumptions | The plan cites changes in the external environment, surging raw material and energy prices, and intensifying market competition, but numerical assumptions such as exchange rates and market growth rates are not disclosed |
| Key initiatives | Strengthen competitiveness in the separation membrane support market (quality, functionality and supply capacity), Reform the business structure with a focus on profitability, Expand applications for functional materials and develop markets, Strengthen efforts to create new businesses, Utilize DX and AI and strengthen human capital |
| Results under the previous plan | 213 (plan for the fiscal year ending March 2026) → 185 (actual for the fiscal year ending March 2026)（-13.2%） |
| Risks identified | Instability in raw material procurement due to changes in the external environment, Declines in volumes of key products due to the impact of price increases, Raw material shortages and delays in expanding sales to new customers in China, Postponement or cancellation of insulation material projects due to a sharp slowdown in the EV market, Surging prices for raw materials, fuel and energy, Declines in market prices due to intensifying competition, Risk of insufficient pass-through of higher costs into prices |
| Publication date | 28 May 2026 |
Items this document does not state (12)
Net income targetROE targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorNon-financial targetsReason for revision or withdrawalSize 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.Earnings conditions remain challenging due to changes in the external environment, surging raw material and energy prices, and intensifying market competition, making the strengthening of earnings power a key priority.
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.