Worth reading
49Recurring
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
10
Yen per share (year-on-year increase in annual dividend)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+0.0%
基準 2,026Target2,027100 million
Operating profit+0.0%
基準 2,026Target2,027100 million
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 profit marginApproximately 7.2% (actual for the fiscal year ended March 2026; the level shown in the chart, calculated from revenue of ¥78.1 billion and operating profit of ¥5.6 billion) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planNot disclosed → ¥800 million (cumulative actual proceeds from the sale of cross-shareholdings through the second year of Medium-Term Management Plan 2027)
Statements about the use of capital
Payout ratio / DOE policyProgressive dividends and a consolidated payout ratio of 40% or higher through the fiscal year ending March 2030. In addition, the company plans to maintain a total payout ratio of 100% or higher for the fiscal year ending March 2027.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyFor the fiscal year ending March 2027, the company will establish a share buyback program of up to ¥2.7 billion and 1 million shares. It plans to make purchases flexibly.
Self-assessment of PBR and share priceThe company recognizes that its PBR of 0.6x is below 1x, indicating that its growth potential may not be receiving sufficient market recognition. The chart shows a target PBR of 1.2x for the fiscal year ending March 2030.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01To improve ROE
02① Execute the growth strategy
03② Enhance shareholder returns and reduce cross-shareholdings
04Accelerate dividend increases
05Make flexible share buybacks and maintain a total payout ratio of 100% or higher
06Accelerate the reduction of cross-shareholdings and optimize the capital structure
Plan assumptionsEconomic conditions in Japan and overseas, market conditions, raw material prices, foreign exchange trends, the competitive environment and changes in laws and regulations may affect future performance and results. Numerical assumptions: Not disclosed.
Risks identified by the company
Economic conditions in Japan and overseas
Market environment
Raw material prices
Exchange-rate trends
Competitive Environment
Changes in laws and regulations
Reason for revision or withdrawal
To achieve sustainable growth and enhance corporate value over the medium to long term. The company determined that it could strengthen shareholder returns while preparing for growth investments and M&A, as the effects of its growth initiatives have become evident, its cash-generation capacity has improved, and sufficient liquidity is expected to be secured through the reduction of cross-shareholdings.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2027 / Sekisui Jushi Group Vision 2030 |
| Plan period | Medium-Term Management Plan 2027: fiscal year ending March 2027 is the final year (start year: Not disclosed) / Sekisui Jushi Group Vision 2030: fiscal year ending March 2030 is the target year (start year: Not disclosed) |
| Progress against the plan | Partially revised |
| Sales Target | ¥78.1 billion (actual for the fiscal year ended March 2026) → ¥84.0 billion (plan for the fiscal year ending March 2027) |
| Operating profit target | ¥5.6 billion (actual for the fiscal year ended March 2026) → ¥6.3 billion (plan for the fiscal year ending March 2027) |
| Operating profit margin target | Approximately 7.2% (actual for the fiscal year ended March 2026; the level shown in the chart, calculated from revenue of ¥78.1 billion and operating profit of ¥5.6 billion) → Not disclosed |
| ROE target | 4.1% (actual for the fiscal year ended March 2026) → 8% or higher (target for the fiscal year ending March 2030) |
| Payout ratio / DOE policy | Progressive dividends and a consolidated payout ratio of 40% or higher through the fiscal year ending March 2030. In addition, the company plans to maintain a total payout ratio of 100% or higher for the fiscal year ending March 2027. |
| Treasury share acquisition policy | For the fiscal year ending March 2027, the company will establish a share buyback program of up to ¥2.7 billion and 1 million shares. It plans to make purchases flexibly. |
| Self-assessment of PBR and share price | The company recognizes that its PBR of 0.6x is below 1x, indicating that its growth potential may not be receiving sufficient market recognition. The chart shows a target PBR of 1.2x for the fiscal year ending March 2030. |
| Plan assumptions | Economic conditions in Japan and overseas, market conditions, raw material prices, foreign exchange trends, the competitive environment and changes in laws and regulations may affect future performance and results. Numerical assumptions: Not disclosed. |
| Key initiatives | To improve ROE, ① Execute the growth strategy, ② Enhance shareholder returns and reduce cross-shareholdings, Accelerate dividend increases, Make flexible share buybacks and maintain a total payout ratio of 100% or higher, Accelerate the reduction of cross-shareholdings and optimize the capital structure |
| Results under the previous plan | Not disclosed → ¥800 million (cumulative actual proceeds from the sale of cross-shareholdings through the second year of Medium-Term Management Plan 2027) |
| Reason for revision or withdrawal | To achieve sustainable growth and enhance corporate value over the medium to long term. The company determined that it could strengthen shareholder returns while preparing for growth investments and M&A, as the effects of its growth initiatives have become evident, its cash-generation capacity has improved, and sufficient liquidity is expected to be secured through the reduction of cross-shareholdings. |
| Risks identified | Economic conditions in Japan and overseas, Market environment, Raw material prices, Exchange-rate trends, Competitive Environment, Changes in laws and regulations |
| Publication date | 13 May 2026 |
Items this document does not state (9)
Net income targetROIC targetCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsSize 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.To achieve sustainable growth and enhance corporate value over the medium to long term. Regarding the dividend increase, the company determined that it could strengthen shareholder returns while preparing for growth investments and M&A, as the effects of its growth initiatives have become evident, EBITDA and operating cash flow are expected to continue expanding, and sufficient liquidity is expected to be secured through an approximately 30% reduction in cross-shareholdings.
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.