Worth reading
41Recurring
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
5
Medium-term ROE target (%)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedROE-2,018.0pt
基準 2,026Target8％
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).
Investment amount by sectorField Research and Development / Investment amount Not disclosed, Field New Businesses / Investment amount Not disclosed, Field M&A / Investment amount Not disclosed
Statements about the use of capital
Cost of capitalCost of equity: 8%The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share priceThe PBR has generally remained above 1x and was 1.42x for the fiscal year ended March 2026. The Company views this as reflecting a certain level of market expectations for future recovery and growth.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Improving the Profitability of Existing Businesses
02Strengthening the earnings base through growth investment
03Promoting management with an awareness of capital efficiency
Plan assumptionsInvestment projects will be evaluated on the assumption that they secure profitability exceeding the cost of capital.
Non-financial targetsIndicator name Training participation rate / Latest value 85.6％ / Target value At least 90% / Timing Not disclosed
Risks identified by the company
Changes in the Business Environment
Intensifying competition
Reason for revision or withdrawal
Profitability has slowed due to changes in the business environment surrounding the Company, intensifying competition and other factors. For the fiscal year ended March 2026, the Company recorded substantial extraordinary losses, including impairment losses on fixed assets.
| Item | Details |
|---|---|
| Plan name | Update on Initiatives to Achieve Management Conscious of Cost of Capital and Share Price |
| Plan period | Medium term and long term (no specific start or end fiscal year stated) |
| Progress against the plan | Partially revised |
| ROE target | -26.0 (actual for the fiscal year ended March 2026) → At least 5% over the medium term and at least 8% over the long term |
| Cost of capital | Cost of equity: 8% |
| Self-assessment of PBR and share price | The PBR has generally remained above 1x and was 1.42x for the fiscal year ended March 2026. The Company views this as reflecting a certain level of market expectations for future recovery and growth. |
| Investment amount by sector | Field Research and Development / Investment amount Not disclosed, Field New Businesses / Investment amount Not disclosed, Field M&A / Investment amount Not disclosed |
| Non-financial targets | Indicator name Training participation rate / Latest value 85.6％ / Target value At least 90% / Timing Not disclosed |
| Plan assumptions | Investment projects will be evaluated on the assumption that they secure profitability exceeding the cost of capital. |
| Key initiatives | Improving the Profitability of Existing Businesses, Strengthening the earnings base through growth investment, Promoting management with an awareness of capital efficiency |
| Reason for revision or withdrawal | Profitability has slowed due to changes in the business environment surrounding the Company, intensifying competition and other factors. For the fiscal year ended March 2026, the Company recorded substantial extraordinary losses, including impairment losses on fixed assets. |
| Risks identified | Changes in the Business Environment, Intensifying competition |
| Date of board resolution | 24 June 2026 |
| Publication date | 24 June 2026 |
Items this document does not state (11)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyTotal investment planSegment targetResults under the previous planSize of the Target Market
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.The Company cites slowing profitability due to changes in the business environment, intensifying competition and other factors as reasons for the prolonged weakness in ROE. It also explains that it reported a net loss for the fiscal year ended March 2026 because it recorded substantial extraordinary losses, including impairment losses on fixed assets.
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.