Worth reading
54Recurring
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
-1726
¥100 million (decline from FY2025 actual operating income to the FY2026 forecast)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.2%
基準 2,026Target2,030Hundred million yen
Operating profit+0.2%
基準 2,026Target2,030Hundred million yen
Operating profit margin+4.0pt
基準 2,026Target2,030%
ROIC+5.0pt
基準 2,025Target2,030%
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 policyMaintain a dividend payout ratio of approximately 30%. Applicable period: going forwardThe 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 PBR at the end of FY2025 was 0.69x. It approached 1.00x at the end of FY2024 and temporarily exceeded 1.0x during FY2025, but fell to 0.69x at the fiscal year-end following a sharp decline in the share price due to the earnings downturn and heightened tensions in the Middle East.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Early introduction of newly developed and contract-manufactured products, and higher factory utilization
02Maintain optimal production to minimize the impact on customer demand amid rising raw material prices and supply restrictions
03Implement timely product price adjustments in response to increases in raw material and other costs
04Smoothly shift production toward newly developed, higher-value-added products
05Thoroughly strengthen cost competitiveness through further rationalization, including productivity improvements and changes to production methods
06Establish optimal production systems at each flexible production facility to meet customer demand
07Focus on financial and non-financial information disclosure through enhanced meetings with institutional investors, releases on the company website, and publication of integrated reports and other materials
Plan assumptionsGlobal smartphone unit sales were 1.236 billion units in FY2024 and 1.26 billion units in FY2025, up 1.9% year on year. Sales are expected to decline 12.9% year on year to 1.1 billion units in FY2026 due to shortages of semiconductor-related materials (IDC forecast)., Soaring prices for certain raw materials, Supply restrictions on certain raw materials, Customers are shifting toward higher-function product mixes, resulting in inventory adjustments during the transition period
Size of the Target MarketGlobal smartphone unit sales: 1.236 billion units in FY2024, 1.26 billion units in FY2025, and an estimated 1.1 billion units in FY2026, down 12.9% year on year. Source: IDC forecast.
Risks identified by the company
Declining shipments of resin materials
Inventory adjustments for products manufactured in FY2025
International disruptions centered on the situation in the Middle East
Surging raw material prices
Supply restrictions on certain raw materials
Market entry by competing products in the resin business for lenses
Inventory adjustments during the transition toward higher-function product mixes among customers
Shortages of semiconductor-related materials
| Item | Details |
|---|---|
| Plan name | Medium-term Management Plan |
| Plan period | Start year: Not disclosed; final target: early 2030s |
| Progress against the plan | Formulated |
| Sales Target | FY2026 forecast: ¥35 billion (FY2025 actual: ¥33.2 billion) → Medium- to long-term target (early 2030s): ¥50 billion（42.9% increase） |
| Operating profit target | FY2026 forecast: ¥300 million (¥320 million) → Medium- to long-term target (early 2030s): ¥4 billion（1,233.3% increase） |
| Operating profit margin target | FY2026 forecast: 0.9% → Medium- to long-term target (early 2030s): 8.0%（788.9% increase） |
| ROIC target | FY2025 actual: 7.0% → Medium- to long-term target (early 2030s): 10.0%（42.9% increase） |
| Payout ratio / DOE policy | Maintain a dividend payout ratio of approximately 30%. Applicable period: going forward |
| Self-assessment of PBR and share price | The PBR at the end of FY2025 was 0.69x. It approached 1.00x at the end of FY2024 and temporarily exceeded 1.0x during FY2025, but fell to 0.69x at the fiscal year-end following a sharp decline in the share price due to the earnings downturn and heightened tensions in the Middle East. |
| Plan assumptions | Global smartphone unit sales were 1.236 billion units in FY2024 and 1.26 billion units in FY2025, up 1.9% year on year. Sales are expected to decline 12.9% year on year to 1.1 billion units in FY2026 due to shortages of semiconductor-related materials (IDC forecast)., Soaring prices for certain raw materials, Supply restrictions on certain raw materials, Customers are shifting toward higher-function product mixes, resulting in inventory adjustments during the transition period |
| Key initiatives | Early introduction of newly developed and contract-manufactured products, and higher factory utilization, Maintain optimal production to minimize the impact on customer demand amid rising raw material prices and supply restrictions, Implement timely product price adjustments in response to increases in raw material and other costs, Smoothly shift production toward newly developed, higher-value-added products, Thoroughly strengthen cost competitiveness through further rationalization, including productivity improvements and changes to production methods, Establish optimal production systems at each flexible production facility to meet customer demand, Focus on financial and non-financial information disclosure through enhanced meetings with institutional investors, releases on the company website, and publication of integrated reports and other materials |
| Size of the Target Market | Global smartphone unit sales: 1.236 billion units in FY2024, 1.26 billion units in FY2025, and an estimated 1.1 billion units in FY2026, down 12.9% year on year. Source: IDC forecast. |
| Risks identified | Declining shipments of resin materials, Inventory adjustments for products manufactured in FY2025, International disruptions centered on the situation in the Middle East, Surging raw material prices, Supply restrictions on certain raw materials, Market entry by competing products in the resin business for lenses, Inventory adjustments during the transition toward higher-function product mixes among customers, Shortages of semiconductor-related materials |
| Date of board resolution | 29 May 2026 |
| Publication date | 29 May 2026 |
Items this document does not state (10)
Net income targetROE targetTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planReason for revision or withdrawal
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.Declining shipments of resin materials from the second half of FY2025, inventory adjustments for products manufactured in FY2025, international disruptions centered on the situation in the Middle East, soaring raw material prices and supply restrictions on certain raw materials, market entry by competing products in the resin business for lenses, and inventory adjustments during the transition toward higher-function product mixes among customers, among other factors.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.