Items stated in the management plan
FormulatedEach 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. The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
As a result of Dai Nippon Toryo's successful tender offer and the third-party allotment, the Company became a consolidated subsidiary of Dai Nippon Toryo. The plan therefore incorporates the expected effects of medium- to long-term initiatives arising from the business alliance with the company. As quantifying the benefits of the business alliance for the Company will require additional time, the effects have been incorporated only on a conservative basis.
| Item | Details |
|---|---|
| Plan name | 2026–2029 Medium-Term Management Plan |
| Plan period | The 4-year period from fiscal 2026 through fiscal 2029 |
| Progress against the plan | Formulated |
| Sales Target | ¥20,000 million → ¥21,500 million（7.5%） |
| Operating profit target | ¥200 million → ¥1,100 million（450%） |
| Net income target | ¥100 million → ¥1,100 million（1,000%） |
| Payout ratio / DOE policy | The Company aims to eliminate its deficit in retained earnings and resume dividend payments by the fiscal year ending March 2030. Numerical targets for the payout ratio and DOE are Not disclosed. |
| Plan assumptions | The Company will remain listed during the medium-term plan period, The effects of the business alliance with DNT will be incorporated conservatively at the Company's own discretion, as quantifying the benefits will require additional time, The plan will cover the 4-year period through fiscal 2029 and will be reviewed on a rolling basis annually, The impact of the significant changes in the business environment that began in March 2026 will not be incorporated |
| Key initiatives | Pursue proactive new product development and expand sales, Productivity Improvement, Sustainability initiatives |
| Reason for revision or withdrawal | As a result of Dai Nippon Toryo's successful tender offer and the third-party allotment, the Company became a consolidated subsidiary of Dai Nippon Toryo. The plan therefore incorporates the expected effects of medium- to long-term initiatives arising from the business alliance with the company. As quantifying the benefits of the business alliance for the Company will require additional time, the effects have been incorporated only on a conservative basis. |
| Date of board resolution | 26 March 2026 |
| Publication date | 26 March 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.The Company became a consolidated subsidiary of Dai Nippon Toryo as a result of its tender offer and third-party allotment. The plan therefore incorporates the medium- to long-term effects expected from the business alliance. As quantifying the benefits of the business alliance will require additional time, its effects have been incorporated conservatively.