Worth reading
46Recurring
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
23
¥100 million (increase from the initial plan in cumulative operating cash flow)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Medium-Term Management Plan PresentationFiscal year ended March 2026 (fiscal 2025)7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Operating profit34 over ¥100 million
What the company explained in this material
New initiatives
- Invest in facilities to increase ammonium perchlorate production
- Investment in manufacturing facilities for solid propellants for defense applications (¥7 billion, scheduled for completion in the first half of FY2028)
- Research and development and mass production of solid propellants
- Introduction of beverage production lines that will achieve substantial CO2 reductions
- Additional ¥1.5 billion investment in research and development
- Additional ¥1 billion investment in human capital
Key KPIsA metric the company considers important as a management benchmark.
- Employee Engagement63.5 %
- PBR (March 2025)0.66 times
- PBR (March 2026)1.42 timesYear on year against the same period last yearImproved
- ROE (March 2025)6.9 %
- ROE (March 2026)7.7 %Year on year against the same period last yearImproved
Medium-term management plan targets
- Operating profitTarget fiscal yearFY2027Target value42
- PBRTarget fiscal yearFiscal year ending March 2028 (final year of Challenge2027)Target value2
- ROETarget fiscal yearFiscal year ending March 2028 (final year of Challenge2027)Target value8.5
- Employee EngagementTarget fiscal yearFY2027Target value+6.5 points versus FY2025 actual results
Financial targets
PBR
Target value2 times or more
Actual value1.42 times or more
As ofMarch 2026
ROE
Target value8.5 %
Actual value7.7 %
As ofMarch 2026
Capital expenditures
¥210 100 million total for FY2025–FY2027
Payout ratio
Total payout ratio40 % or higher
Acquisition of treasury shares
- 10 Hundreds of millions of yenPeriodMay 2025
- 5 Hundreds of millions of yenPeriodNovember 2025
- 10 Hundreds of millions of yenPeriodMay 2026
| Item | Details |
|---|---|
| Document type | Medium-Term Management Plan Presentation |
| Fiscal Period Covered | Fiscal year ended March 2026 (fiscal 2025) |
| Operating profit | 34 over ¥100 million |
| Key KPIs | Indicator name Employee Engagement / Value 63.5 % / Year on year against the same period last year Not disclosed, Indicator name PBR (March 2025) / Value 0.66 times / Year on year against the same period last year Not disclosed, Indicator name PBR (March 2026) / Value 1.42 times / Year on year against the same period last year Improved, Indicator name ROE (March 2025) / Value 6.9 % / Year on year against the same period last year Not disclosed, Indicator name ROE (March 2026) / Value 7.7 % / Year on year against the same period last year Improved |
| Medium-term management plan targets | Item Operating profit / Target fiscal year FY2027 / Target value 42 Hundreds of millions of yen, Item PBR / Target fiscal year Fiscal year ending March 2028 (final year of Challenge2027) / Target value 2 times or more, Item ROE / Target fiscal year Fiscal year ending March 2028 (final year of Challenge2027) / Target value 8.5 %, Item Employee Engagement / Target fiscal year FY2027 / Target value +6.5 points versus FY2025 actual results |
| Financial targets | PBR Target value 2 times or more / Actual value 1.42 times or more / As of March 2026 / ROE Target value 8.5 % / Actual value 7.7 % / As of March 2026 |
| Payout ratio | Total payout ratio 40 % or higher |
| Acquisition of treasury shares | Amount 10 Hundreds of millions of yen / Period May 2025, Amount 5 Hundreds of millions of yen / Period November 2025, Amount 10 Hundreds of millions of yen / Period May 2026 |
| Capital expenditures | ¥210 100 million (total for FY2025–FY2027) |
| New initiatives | Invest in facilities to increase ammonium perchlorate production, Investment in manufacturing facilities for solid propellants for defense applications (¥7 billion, scheduled for completion in the first half of FY2028), Research and development and mass production of solid propellants, Introduction of beverage production lines that will achieve substantial CO2 reductions, Additional ¥1.5 billion investment in research and development, Additional ¥1 billion investment in human capital |
Items this document does not state (21)
Net SalesOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendOrders received and order backlogMarket Size / ShareKey points of the Q&A
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 took into account changes in the business environment and performance trends, including increases in materials, energy and logistics costs, heightened geopolitical risks, and demands for management that is conscious of the cost of capital. It also aims to pursue further business development investment, primarily in its priority-area businesses.
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.