Worth reading
80Important
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
600
¥100 million (cumulative growth investment for fiscal 2026–fiscal 2030)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.2%
基準 2,025Target2,030Hundreds of millions of yen
Operating profit+0.2%
基準 2,025Target2,030Hundreds of millions of yen
Operating profit margin+5.0pt
基準 2,025Target2,030％
Net income for the current fiscal year+0.2%
基準 2,025Target2,030Hundreds of millions of yen
ROE+5.0pt
基準 2,025Target2,030％
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.
What happened to the previous plan¥87 billion (GNT2025 revenue target) → ¥80.1 billion (fiscal 2025 actual revenue)0.0%Calculated from the two disclosed figures
Total investment planApproximately ¥60 billion (cumulative for fiscal 2026–fiscal 2030)
Investment amount by sectorField Growth investment: capital expenditure and research and development / Amount Approximately ¥40 billion, Field Growth investment: M&A and JV investments, etc. / Amount Approximately ¥10 billion, Field Maintenance investment: equipment renewal and rationalization / Amount Approximately ¥10 billion
Statements about the use of capital
Payout ratio / DOE policyThrough fiscal 2030, the basic policy is progressive dividends, maintaining annual dividends per share at or above the previous fiscal year's level. The average total payout ratio for each fiscal year from fiscal 2025 through fiscal 2030 will be approximately 50–70%.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 policyIn addition to progressive dividends, the Company will conduct flexible share repurchases while taking into account financial soundness, including a D/E ratio of 0.5 or lower.
Self-assessment of PBR and share priceTo enhance corporate value, the Company has established targets for improving PBR and PER. The current PBR and share price levels are not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
011. Deepening and expanding the semiconductor business
022. Advancing a regional niche-top strategy
033. Transforming the domestic business model (from competition to co-creation)
04Capital investment in the construction of the Second Piping Systems Manufacturing Plant
05Ensuring stable supply through the construction of the Second Nantong Plant in China
06Capital investment in the construction of the Second RCS Plant in India
07Enhancing integrated material-and-construction proposals
08Strengthening construction quality and after-sales support
09Offensive initiative 1: Enhancing decision-making through comparison maps of the Company's and competitors' patents
10Offensive initiative 2: Generating licensing income and technology usage fees
11Visualizing customer capital
12Operating the PDCA cycle for customer capital and business improvement
13Expanding business opportunities by leveraging customer capital
14Fostering leadership and developing the organization
15Achieving growth by building on strengths
16Promoting Diversity
Plan assumptionsThe assumed exchange rate during the GNT2030 period is ¥155 to US$1.
Segment targetSegment Piping Systems / Net Sales ¥70 billion (fiscal 2030) / Operating profit ¥13 billion (operating margin of 19%, fiscal 2030), Segment Resins / Net Sales ¥40 billion (fiscal 2030) / Operating profit ¥6 billion (operating margin of 15%, fiscal 2030), Segment Water Treatment and Resource Development / Net Sales ¥10 billion (fiscal 2030) / Operating profit ¥1 billion (operating margin of 10%, fiscal 2030)
Non-financial targetsIndicator Work engagement deviation score / Target value Improvement of at least 2 points / Timing GNT2030 period, Indicator Number of patent applications in GNT2030 priority areas / Target value 20–40 applications per year / Timing GNT2030 period, Indicator Number of CS surveys conducted / Target value 1 per year / Timing GNT2030 period
Size of the Target MarketMarket Semiconductor-related equipment / Figures 2025 forecast: ¥7.4 trillion; 2030 forecast: ¥11.4 trillion; CAGR: +9% / Source Fuji Keizai Co., Ltd., 2025 Current Status and Future Outlook of Advanced and Noteworthy Semiconductor-Related Markets: Market Edition, Market Resin valves / Figures 2020 forecast: ¥70.5 billion; 2030 forecast: ¥105.6 billion; CAGR: +4% / Source Company estimate, Market Domestic engineering (on an order basis) / Figures 2020 forecast: ¥1.03 trillion; 2030 forecast: ¥1.06 trillion; CAGR: +1% / Source Company estimate based on the Engineering Advancement Association of Japan, 2025 Status and Trends of the Engineering Industry, Market Semiconductor-related equipment (semiconductor materials) / Figures 2025 forecast: ¥315.2 billion; 2030 forecast: ¥588.3 billion; CAGR: +13% / Source Fuji Keizai Co., Ltd., 2025 Current Status and Future Outlook of Advanced and Noteworthy Semiconductor-Related Markets: Market Edition, Market Vehicle production in India / Figures CAGR of approximately +5% for 2025–2030 / Source Company estimate, Market Residential insulation products market / Figures CAGR of approximately +3% for 2025–2030 / Source Company estimate, Market Domestic geothermal energy market / Figures CAGR of approximately +11% for 2025–2030 / Source Company estimate
Risks identified by the company
Geopolitical risk
Supply chain disruption
Tightening of decarbonization regulations (stronger climate change measures)
Increasing complexity of environmental regulations (individual regulations such as PFAS)
Accelerating technological innovation
Supply-demand fluctuations in semiconductor-related markets
Rising material and labor costs in the United States
Talent Shortage
Postponement of semiconductor plant construction plans
Declining capital investment in FPD- and PV-related equipment in China
| Item | Details |
|---|---|
| Plan name | GNT2030 |
| Plan period | Fiscal 2026 through fiscal 2030 |
| Progress against the plan | Formulated |
| Sales Target | ¥80.1 billion (fiscal 2025 actual) → ¥120 billion (fiscal 2030 plan) |
| Operating profit target | ¥7.6 billion (FY2025 actual) → ¥20 billion (fiscal 2030 target) |
| Operating profit margin target | 9% (fiscal 2025 actual) → 17% (fiscal 2030 target) |
| Net income target | ¥3.3 billion (fiscal 2025 results) → ¥14 billion (fiscal 2030 target) |
| ROE target | 4% (fiscal 2025 actual) → 15% (fiscal 2030 target) |
| ROIC target | 4% (fiscal 2025 actual) → 10% (fiscal 2030 target) |
| Payout ratio / DOE policy | Through fiscal 2030, the basic policy is progressive dividends, maintaining annual dividends per share at or above the previous fiscal year's level. The average total payout ratio for each fiscal year from fiscal 2025 through fiscal 2030 will be approximately 50–70%. |
| Treasury share acquisition policy | In addition to progressive dividends, the Company will conduct flexible share repurchases while taking into account financial soundness, including a D/E ratio of 0.5 or lower. |
| Self-assessment of PBR and share price | To enhance corporate value, the Company has established targets for improving PBR and PER. The current PBR and share price levels are not disclosed. |
| Total investment plan | Approximately ¥60 billion (cumulative for fiscal 2026–fiscal 2030) |
| Investment amount by sector | Field Growth investment: capital expenditure and research and development / Amount Approximately ¥40 billion, Field Growth investment: M&A and JV investments, etc. / Amount Approximately ¥10 billion, Field Maintenance investment: equipment renewal and rationalization / Amount Approximately ¥10 billion |
| Segment target | Segment Piping Systems / Net Sales ¥70 billion (fiscal 2030) / Operating profit ¥13 billion (operating margin of 19%, fiscal 2030), Segment Resins / Net Sales ¥40 billion (fiscal 2030) / Operating profit ¥6 billion (operating margin of 15%, fiscal 2030), Segment Water Treatment and Resource Development / Net Sales ¥10 billion (fiscal 2030) / Operating profit ¥1 billion (operating margin of 10%, fiscal 2030) |
| Non-financial targets | Indicator Work engagement deviation score / Target value Improvement of at least 2 points / Timing GNT2030 period, Indicator Number of patent applications in GNT2030 priority areas / Target value 20–40 applications per year / Timing GNT2030 period, Indicator Number of CS surveys conducted / Target value 1 per year / Timing GNT2030 period |
| Plan assumptions | The assumed exchange rate during the GNT2030 period is ¥155 to US$1. |
| Key initiatives | 1. Deepening and expanding the semiconductor business, 2. Advancing a regional niche-top strategy, 3. Transforming the domestic business model (from competition to co-creation), Capital investment in the construction of the Second Piping Systems Manufacturing Plant, Ensuring stable supply through the construction of the Second Nantong Plant in China, Capital investment in the construction of the Second RCS Plant in India, Enhancing integrated material-and-construction proposals, Strengthening construction quality and after-sales support, Offensive initiative 1: Enhancing decision-making through comparison maps of the Company's and competitors' patents, Offensive initiative 2: Generating licensing income and technology usage fees, Visualizing customer capital, Operating the PDCA cycle for customer capital and business improvement, Expanding business opportunities by leveraging customer capital, Fostering leadership and developing the organization, Achieving growth by building on strengths, Promoting Diversity |
| Results under the previous plan | ¥87 billion (GNT2025 revenue target) → ¥80.1 billion (fiscal 2025 actual revenue) |
| Size of the Target Market | Market Semiconductor-related equipment / Figures 2025 forecast: ¥7.4 trillion; 2030 forecast: ¥11.4 trillion; CAGR: +9% / Source Fuji Keizai Co., Ltd., 2025 Current Status and Future Outlook of Advanced and Noteworthy Semiconductor-Related Markets: Market Edition, Market Resin valves / Figures 2020 forecast: ¥70.5 billion; 2030 forecast: ¥105.6 billion; CAGR: +4% / Source Company estimate, Market Domestic engineering (on an order basis) / Figures 2020 forecast: ¥1.03 trillion; 2030 forecast: ¥1.06 trillion; CAGR: +1% / Source Company estimate based on the Engineering Advancement Association of Japan, 2025 Status and Trends of the Engineering Industry, Market Semiconductor-related equipment (semiconductor materials) / Figures 2025 forecast: ¥315.2 billion; 2030 forecast: ¥588.3 billion; CAGR: +13% / Source Fuji Keizai Co., Ltd., 2025 Current Status and Future Outlook of Advanced and Noteworthy Semiconductor-Related Markets: Market Edition, Market Vehicle production in India / Figures CAGR of approximately +5% for 2025–2030 / Source Company estimate, Market Residential insulation products market / Figures CAGR of approximately +3% for 2025–2030 / Source Company estimate, Market Domestic geothermal energy market / Figures CAGR of approximately +11% for 2025–2030 / Source Company estimate |
| Risks identified | Geopolitical risk, Supply chain disruption, Tightening of decarbonization regulations (stronger climate change measures), Increasing complexity of environmental regulations (individual regulations such as PFAS), Accelerating technological innovation, Supply-demand fluctuations in semiconductor-related markets, Rising material and labor costs in the United States, Talent Shortage, Postponement of semiconductor plant construction plans, Declining capital investment in FPD- and PV-related equipment in China |
| Date of board resolution | 15 May 2026 |
| Publication date | 15 May 2026 |
Items this document does not state (2)
Cost of capitalReason 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.Under the previous medium-term management plan, the Company made focused investments in semiconductor-related fields and overseas expansion. However, from fiscal 2024 onward, changes in the external environment caused results to fall below the targets after their upward revision. In response, the Company will place a greater strategic focus on investment and shift toward investment aimed at actively pursuing growth opportunities.
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