Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
19
% (consolidated net sales growth rate)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.2%
基準 2,025Target2,030100 million
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. The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
Operating profit¥200 million (consolidated earnings forecast for the fiscal year ending March 2027; no target stated for fiscal 2030) → Not disclosed
Net income for the current fiscal yearUndecided (consolidated earnings forecast for the fiscal year ending March 2027) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.Total investment planAt least ¥2.8 billion (external funding)
Investment amount by sectorField Capital expenditure / Amount Up to ¥2 billion, Field Growth Investment / Amount Up to ¥500 million, Field Shareholder Returns / Amount ¥500 million or more
Statements about the use of capital
Payout ratio / DOE policyMaintain a dividend payout ratio of 15% for the time being and consider gradually raising it to 20% or higher under the next plan (from 2031 onward). The numerical DOE policy is Not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyThe company states that its M&A strategy includes the use of treasury shares. The scope, timing and conditions of any treasury share repurchases are Not disclosed.
Self-assessment of PBR and share pricePBR is currently below 1x. The company recognizes challenges in awareness, liquidity and shareholder return measures, and aims to establish a PBR above 1x.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Accelerate initiatives in new business areas
02Strengthen the profitability of existing businesses
03Strengthening Organisational Capabilities
04Expand problem-solving services
05Co-creation with external partners
06Pursue businesses that address regional challenges
07Leverage AI and improve operational efficiency
08Phased commercialization process
09Value-based pricing strategy
10Reducing Manufacturing Costs
11Productivity improvement
12Diversify procurement
13Improving customer satisfaction
14Execute capital investments
15Improving employee engagement
16Diversity and health and productivity management
17Talent Development and Recruitment
18Promote energy conservation
19Resource Circulation
20Supply chain
21Strengthen monitoring
22Compliance
23Risk Management
Plan assumptionsThe impact arising from the recent situation in the Middle East has not been incorporated into the quantitative targets, including net sales. If geopolitical risks persist or intensify and are expected to have a material impact on results, the company will review the plan's assumptions and numerical targets. The earnings forecast for the fiscal year ending March 2027 incorporates to a certain extent the impact of higher energy prices and other factors.
Risks identified by the company
Geopolitical risks arising from the situation in the Middle East
Supply chain disruptions
Rising resource and energy prices
Uncertainty regarding the outlook for customer demand
Increasing severity of natural disasters
Cyber risk
Rising capital costs, funding costs and interest rates
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan (2026-2030) |
| Plan period | 5-year period from fiscal 2026 through fiscal 2030 |
| Progress against the plan | Formulated |
| Sales Target | ¥9.2 billion (fiscal 2025 forecast) → ¥11 billion (fiscal 2030)（+19.0%） |
| Operating profit target | ¥200 million (consolidated earnings forecast for the fiscal year ending March 2027; no target stated for fiscal 2030) → Not disclosed |
| Net income target | Undecided (consolidated earnings forecast for the fiscal year ending March 2027) → Not disclosed |
| Payout ratio / DOE policy | Maintain a dividend payout ratio of 15% for the time being and consider gradually raising it to 20% or higher under the next plan (from 2031 onward). The numerical DOE policy is Not disclosed. |
| Treasury share acquisition policy | The company states that its M&A strategy includes the use of treasury shares. The scope, timing and conditions of any treasury share repurchases are Not disclosed. |
| Self-assessment of PBR and share price | PBR is currently below 1x. The company recognizes challenges in awareness, liquidity and shareholder return measures, and aims to establish a PBR above 1x. |
| Total investment plan | At least ¥2.8 billion (external funding) |
| Investment amount by sector | Field Capital expenditure / Amount Up to ¥2 billion, Field Growth Investment / Amount Up to ¥500 million, Field Shareholder Returns / Amount ¥500 million or more |
| Plan assumptions | The impact arising from the recent situation in the Middle East has not been incorporated into the quantitative targets, including net sales. If geopolitical risks persist or intensify and are expected to have a material impact on results, the company will review the plan's assumptions and numerical targets. The earnings forecast for the fiscal year ending March 2027 incorporates to a certain extent the impact of higher energy prices and other factors. |
| Key initiatives | Accelerate initiatives in new business areas, Strengthen the profitability of existing businesses, Strengthening Organisational Capabilities, Expand problem-solving services, Co-creation with external partners, Pursue businesses that address regional challenges, Leverage AI and improve operational efficiency, Phased commercialization process, Value-based pricing strategy, Reducing Manufacturing Costs, Productivity improvement, Diversify procurement, Improving customer satisfaction, Execute capital investments, Improving employee engagement, Diversity and health and productivity management, Talent Development and Recruitment, Promote energy conservation, Resource Circulation, Supply chain, Strengthen monitoring, Compliance, Risk Management |
| Risks identified | Geopolitical risks arising from the situation in the Middle East, Supply chain disruptions, Rising resource and energy prices, Uncertainty regarding the outlook for customer demand, Increasing severity of natural disasters, Cyber risk, Rising capital costs, funding costs and interest rates |
| Date of board resolution | 15 May 2026 |
| Publication date | 15 May 2026 |
Items this document does not state (9)
Operating profit margin targetROE targetROIC targetCost of capitalSegment targetNon-financial targetsResults under the previous planReason for revision or withdrawalSize 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.The company disclosed its first medium-term management plan to establish a foundation for its centennial in 2033, transform its business portfolio, strengthen its management foundation, promote transparent management and engage in dialogue with stakeholders.
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.