Worth reading
29Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedROE+0.9pt
基準 9.1Target10％
ROIC+3.1pt
基準 6.9Target10％
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).
Statements about the use of capital
Cost of capital株主資本コスト6.3％程度The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share pricePBRは継続的に1倍超を維持。2024年3月期のPBRは1.7倍、株価は4,605円（3月29日終値）PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01①収益性の向上 ROE・ROIC10％以上
02②市場への的確な情報提供によるβ値の低減
03③持続的な成長に向けた投資機会の見極めと資本コストを意識した資金調達の実施
Plan assumptions一時的な半導体市場の停滞局面と認識。半導体市場が回復局面に転じた際には、当社製品への需要も同様に回復すると想定。当面の間は設備投資による償却費負担が高水準で継続する想定
Risks identified by the company
一時的な半導体市場の停滞
主力製品の市場回復遅れ
設備投資による償却費負担が高水準で継続すること
Reason for revision or withdrawal
東京証券取引所による『資本コストや株価を意識した経営の実現に向けた対応』の要請を踏まえたため
| Item | Details |
|---|---|
| Progress against the plan | Formulated |
| ROE target | 2024年3月期実績：9.1％ → 継続したROE10％以上の確保 |
| ROIC target | 2024年3月期実績：6.9％ → ROE・ROIC10％以上 |
| Cost of capital | 株主資本コスト6.3％程度 |
| Self-assessment of PBR and share price | PBRは継続的に1倍超を維持。2024年3月期のPBRは1.7倍、株価は4,605円（3月29日終値） |
| Plan assumptions | 一時的な半導体市場の停滞局面と認識。半導体市場が回復局面に転じた際には、当社製品への需要も同様に回復すると想定。当面の間は設備投資による償却費負担が高水準で継続する想定 |
| Key initiatives | ①収益性の向上 ROE・ROIC10％以上, ②市場への的確な情報提供によるβ値の低減, ③持続的な成長に向けた投資機会の見極めと資本コストを意識した資金調達の実施 |
| Reason for revision or withdrawal | 東京証券取引所による『資本コストや株価を意識した経営の実現に向けた対応』の要請を踏まえたため |
| Risks identified | 一時的な半導体市場の停滞, 主力製品の市場回復遅れ, 設備投資による償却費負担が高水準で継続すること |
| Date of board resolution | 10 May 2024 |
| Publication date | 10 May 2024 |
Items this document does not state (14)
Plan namePlan periodSales TargetOperating profit targetOperating profit margin targetNet income targetPayout ratio / DOE policyTreasury share acquisition policyTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults 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.東京証券取引所による「資本コストや株価を意識した経営の実現に向けた対応」の要請を踏まえたため。
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.