Komori
Management planning4088AIR WATER INC.Materials and Chemicals

Direction of Management Reform

As part of measures to prevent recurrence following the inappropriate accounting matter, the company formulated the direction of management reforms covering fiscal 2026 through fiscal 2030 and beyond. It will concentrate management resources on core businesses such as industrial gases, while pursuing portfolio reform, including business transfers, strengthening internal controls and governance, and making growth investments.

Worth reading
36Immaterial
Scored from 4 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
—
Displayed only when the document provides numerical figures.
Wording
Definitive
How definitive the wording is.

Items stated in the management plan

Formulated
Direction of management reformsPlan period Fiscal 2026 through fiscal 2030 and beyond
Publication date 17 September 2026
Statements about the use of capital
Payout ratio / DOE policyThe company will provide stable and continuous shareholder returns while securing growth investment and financial soundness. It will make additional shareholder returns flexibly using cash inflows from business reorganisations, transfers and other transactions. The applicable period is not specified.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Pursue sustainable growth by shifting from quantity to quality
02Rebuild a unique business model based on core competencies
03Thoroughly strengthen internal controls and governance
04Generate synergies by concentrating resources
Reason for revision or withdrawal

In light of the inappropriate accounting matter, to steadily implement measures to prevent recurrence and restore trust and enhance corporate value.

Items stated in the management plan
ItemDetails
Plan nameDirection of management reforms
Plan periodFiscal 2026 through fiscal 2030 and beyond
Progress against the planFormulated
Payout ratio / DOE policyThe company will provide stable and continuous shareholder returns while securing growth investment and financial soundness. It will make additional shareholder returns flexibly using cash inflows from business reorganisations, transfers and other transactions. The applicable period is not specified.
Key initiativesPursue sustainable growth by shifting from quantity to quality, Rebuild a unique business model based on core competencies, Thoroughly strengthen internal controls and governance, Generate synergies by concentrating resources
Reason for revision or withdrawalIn light of the inappropriate accounting matter, to steadily implement measures to prevent recurrence and restore trust and enhance corporate value.
Publication date17 September 2026
Items this document does not state (18)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planSize of the Target MarketRisks identifiedDate 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.

In light of the inappropriate accounting matter, to steadily implement measures to prevent recurrence and restore trust and enhance 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.
Direction of Management Reform | AIR WATER INC. (4088) timely disclosure | Komori