Worth reading
55In focus
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
43
¥100 million (growth investment during the medium-term plan period)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedROIC+3.0pt
基準 2,025Target2,028%
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).
What happened to the previous plan¥6.0 billion (EBITDA, actual results for 2023–2025) → ¥7.0 billion (EBITDA, plan for 2026–2028)+0.1%Calculated from the two disclosed figures
Total investment plan¥4.3 billion (growth investment, during the 2026–2028 medium-term plan period)
Investment amount by sectorField Growth Investment / Amount ¥4.3 billion / Period Covered Medium-term plan period (2026–2028)
Statements about the use of capital
Payout ratio / DOE policyContinue shareholder returns based on a DOE of approximately 4% (during the 2026–2028 medium-term plan period)The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalShareholders’ equity cost: just under 5%; WACC: approximately 4% (as of the end of 2025)The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Key initiatives
01Japan: sustainability initiatives and productivity improvement
02China: customer development and production automation
03India: increased production capacity and expanded sales channels
04Common: focus on recruitment and employee development
05Sales Expansion
06Acquiring New Customers
07Strengthen e-commerce sales (web marketing)
08Strengthen communication of sustainable packaging products
09Strengthen product development
10Propose the development of sustainable packaging products
11Accelerate mold investment for new product development
12Improve profitability and growth
13Initiatives tailored to lot size and degree of customization
14Set appropriate selling prices in light of rising costs
15Improved production efficiency
16Capital investment for labor saving and robotics
17Enhance skills and reinforce personnel
18Digitalization
19Coordination among development, manufacturing and sales
20Change the core business systems
21Respond more quickly
22Leverage the company’s competitive advantage in its LAB
23Coordination among sales, procurement and production
24Strengthen the fast-delivery system
25Optimize inventory management to achieve shorter lead times
26Address long-term inventory
Reason for revision or withdrawal
Based on the results of its analysis of the current conditions of the domestic and overseas businesses, the company will continue initiatives to improve profitability while gradually advancing dialogue with shareholders and investors.
| Item | Details |
|---|---|
| Plan name | This medium-term management plan |
| Plan period | 2026–2028 |
| Progress against the plan | Partially revised |
| ROIC target | 5.7% (fiscal year ending December 2025) → 6.8% (FY2026 plan), 7.6% (FY2027 plan), 9.70% (FY2028 plan) |
| Payout ratio / DOE policy | Continue shareholder returns based on a DOE of approximately 4% (during the 2026–2028 medium-term plan period) |
| Cost of capital | Shareholders’ equity cost: just under 5%; WACC: approximately 4% (as of the end of 2025) |
| Total investment plan | ¥4.3 billion (growth investment, during the 2026–2028 medium-term plan period) |
| Investment amount by sector | Field Growth Investment / Amount ¥4.3 billion / Period Covered Medium-term plan period (2026–2028) |
| Key initiatives | Japan: sustainability initiatives and productivity improvement, China: customer development and production automation, India: increased production capacity and expanded sales channels, Common: focus on recruitment and employee development, Sales Expansion, Acquiring New Customers, Strengthen e-commerce sales (web marketing), Strengthen communication of sustainable packaging products, Strengthen product development, Propose the development of sustainable packaging products, Accelerate mold investment for new product development, Improve profitability and growth, Initiatives tailored to lot size and degree of customization, Set appropriate selling prices in light of rising costs, Improved production efficiency, Capital investment for labor saving and robotics, Enhance skills and reinforce personnel, Digitalization, Coordination among development, manufacturing and sales, Change the core business systems, Respond more quickly, Leverage the company’s competitive advantage in its LAB, Coordination among sales, procurement and production, Strengthen the fast-delivery system, Optimize inventory management to achieve shorter lead times, Address long-term inventory |
| Results under the previous plan | ¥6.0 billion (EBITDA, actual results for 2023–2025) → ¥7.0 billion (EBITDA, plan for 2026–2028) |
| Reason for revision or withdrawal | Based on the results of its analysis of the current conditions of the domestic and overseas businesses, the company will continue initiatives to improve profitability while gradually advancing dialogue with shareholders and investors. |
| Publication date | 24 March 2026 |
Items this document does not state (13)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetTreasury share acquisition policySelf-assessment of PBR and share priceSegment targetNon-financial targetsPlan assumptionsSize 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.Based on the results of its analysis of the current conditions of the domestic and overseas businesses, the company will continue initiatives to improve profitability while gradually advancing dialogue with shareholders and investors. It also aims to generate EBITDA of ¥7.0 billion, exceeding the level achieved over the past 3 years, through increased growth investment.
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.