Items stated in the management plan
Partially revisedEach 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.
In addition to the downturn in the Chinese economy, price competition for commodity products intensified, particularly in Southeast Asia and Europe, significantly changing the business environment surrounding the overseas business. As a result, the overseas business reported an operating loss in fiscal 2025. The company recognized this situation as a structural change in overseas markets. The dividend policy will also be reviewed to provide stable and continuous returns to shareholders.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2027 |
| Plan period | Fiscal 2025 to the fiscal year ending March 2028 |
| Progress against the plan | Partially revised |
| Sales Target | ¥110.0 billion → ¥105 billion（Down approximately 4.5%） |
| Operating profit target | ¥10 billion → ¥8 billion（Down 20%） |
| ROE target | At least 10% → 10％ |
| Payout ratio / DOE policy | Progressive dividends with a DOE floor of 4%. Applicable period: Not disclosed. |
| Key initiatives | Reduce the proportion of low-margin commodity products, Accelerate the shift to specialty products, The production structure of リケビタ・マレーシア will be reviewed. |
| Results under the previous plan | Not disclosed → Overseas business: operating loss in fiscal 2025 |
| Reason for revision or withdrawal | In addition to the downturn in the Chinese economy, price competition for commodity products intensified, particularly in Southeast Asia and Europe, significantly changing the business environment surrounding the overseas business. As a result, the overseas business reported an operating loss in fiscal 2025. The company recognized this situation as a structural change in overseas markets. The dividend policy will also be reviewed to provide stable and continuous returns to shareholders. |
| Date of board resolution | 12 November 2026 |
| Publication date | 12 November 2026 |
Items this document does not state (13)
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.In addition to the downturn in the Chinese economy, price competition for commodity products intensified, particularly in Southeast Asia and Europe, significantly changing the business environment surrounding the overseas business. Given that the overseas business reported an operating loss in fiscal 2025, the company recognized this as a structural change in overseas markets. The dividend policy will also be reviewed to provide stable and continuous returns to shareholders.