Worth reading
19Immaterial
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
—
Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.Items stated in the management plan
Annual updateInvestment amount by sectorField Capital expenditure / Amount ¥1,175 million / Timing Fiscal year ending June 2027 (forecast), Field Research and development costs / Amount ¥159 million / Timing Fiscal year ending June 2027 (forecast)
Statements about the use of capital
Payout ratio / DOE policyContinue paying stable and progressive dividends, as has been done since the company’s listing.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Self-assessment of PBR and share priceThe five-year average PBR for fiscal years 2022 to 2026 was 0.43x. PBR has remained below 1x for the past five consecutive years, and the company recognizes that its share price has remained undervalued.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Business growth and improved profitability
02Enhancement of shareholder returns
03Enhancement of IR activities
Reason for revision or withdrawal
Reanalyzed the current situation and updated the progress and other information
| Item | Details |
|---|---|
| Plan name | Initiatives toward management that is conscious of capital costs and the share price (update) |
| Progress against the plan | Annual update |
| Payout ratio / DOE policy | Continue paying stable and progressive dividends, as has been done since the company’s listing. |
| Self-assessment of PBR and share price | The five-year average PBR for fiscal years 2022 to 2026 was 0.43x. PBR has remained below 1x for the past five consecutive years, and the company recognizes that its share price has remained undervalued. |
| Investment amount by sector | Field Capital expenditure / Amount ¥1,175 million / Timing Fiscal year ending June 2027 (forecast), Field Research and development costs / Amount ¥159 million / Timing Fiscal year ending June 2027 (forecast) |
| Key initiatives | Business growth and improved profitability, Enhancement of shareholder returns, Enhancement of IR activities |
| Reason for revision or withdrawal | Reanalyzed the current situation and updated the progress and other information |
| Publication date | 11 September 2026 |
Items this document does not state (17)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetTreasury share acquisition policyCost of capitalTotal investment planSegment targetNon-financial targetsPlan assumptionsResults under the previous planSize 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.Because the company reanalyzed the current situation regarding the measures announced on 13 September 2024 and updated the progress and other information.
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.