Worth reading
56In focus
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
113
% (compared with fiscal 2025 net sales)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+13.4%
基準 75,853Target86,000million
Operating profit+14.9%
基準 5,920Target6,800million
ROE+5.0pt
基準 2,025Target2,030%
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).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
ROIC4.5% (fiscal 2025 actual) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planFiscal 2025 targets: net sales of ¥80,000 million, operating profit of ¥7,000 million, ordinary profit of ¥7,300 million, ordinary profit margin of 9.1%, ROIC of 5.2%, ROA of 4.3%, and a dividend payout ratio of approximately 25.0% → Fiscal 2025 actual results: net sales of ¥75,853 million, operating profit of ¥5,920 million, ordinary profit of ¥6,077 million, ordinary profit margin of 8.0%, ROIC of 4.5%, ROA of 3.7%, dividend payout ratio of 53.4%, ROE of 5.5%, EBITDA of ¥8,674 million, and an EBITDA margin of 11.4%-5.2%Calculated from the two disclosed figures
Investment amount by sectorField Growth Investment / Amount Not disclosed, Field Large-scale investment in "つくばビッグシップ" / Amount Not disclosed, Field Expansion of business domains through M&A and other measures / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyA dividend payout ratio of approximately 50% (fiscal 2030 target). The plan covers fiscal 2026 to fiscal 2030. During the plan period, the Company will pursue both stable shareholder returns and the maintenance of financial soundness.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Strengthening the customer base
02Strengthening Organisational Capabilities
03Strengthen the business platform through "つくばビッグシップ"
04Advance supply chain management
05Strengthening the management platform
Plan assumptionsFor fiscal 2026, the plan assumes a Dubai crude oil price of $100 per barrel and an exchange rate of ¥160 to the dollar. From then through fiscal 2030, it assumes a Dubai crude oil price of $65 per barrel, the same level as in fiscal 2025, and an exchange rate of ¥160 to the dollar. The assumptions will be reviewed promptly if material changes occur in the underlying conditions.
Non-financial targetsIndicator Sales ratio of environmentally considerate products and construction methods / FY2025 22.2% / FY2030 target 50% or higher, Indicator Number of new products and construction methods launched, including improvements / FY2025 13 lots / FY2030 target 20 or more, Indicator Number of jointly developed products and construction methods launched / FY2025 2 items / FY2030 target At least 5, Indicator Percentage of suppliers evaluated / FY2025 100% / FY2030 target 100%, Indicator Number of paid-leave days taken annually / FY2025 At least 50%, 76.2% / FY2030 target At least 70%, 100%, Indicator Number of internal compliance training sessions held / FY2025 2 times / FY2030 target 2 times, Indicator Number of financial results briefings held / FY2025 2 times / FY2030 target 2 times
Risks identified by the company
Volatility in crude oil prices and foreign exchange rates associated with increasing instability in the international situation
Growing momentum toward realizing a decarbonized society in response to the accelerating global climate change problem
Societal demands for ESG management and the achievement of the SDGs
Accelerating technological innovation and digital transformation (DX)
Growing cyber risks, including cyberattacks, system failures and information leaks
Increasing infrastructure damage due to the intensification and increasing frequency of natural disasters, including earthquakes, typhoons and torrential rain
Aging social infrastructure developed since the period of rapid economic growth
Promotion of work-style reform in the construction and logistics industries
Strengthening human capital management in response to investment in people
Declining working-age population and an aging society (the 2040 problem)
Reason for revision or withdrawal
To realize the "100th Anniversary Corporate Vision," it is necessary to further strengthen the flexible ability to respond to changes in the external environment developed under "しなやか 2025," incorporate change as a growth opportunity, and evolve toward "expansive growth" that enables sustainable development.
| Item | Details |
|---|---|
| Plan name | のびやか 2030 |
| Plan period | Fiscal 2026 to fiscal 2030 [five years] |
| Progress against the plan | Formulated |
| Sales Target | 75,853 (fiscal 2025 actual) → 86,000 (fiscal 2030 target) |
| Operating profit target | 5,920 (fiscal 2025 actual) → 6,800 (fiscal 2030 target) |
| ROE target | 5.5% (fiscal 2025 actual) → 6.0% (fiscal 2030 target) |
| ROIC target | 4.5% (fiscal 2025 actual) → Not disclosed |
| Payout ratio / DOE policy | A dividend payout ratio of approximately 50% (fiscal 2030 target). The plan covers fiscal 2026 to fiscal 2030. During the plan period, the Company will pursue both stable shareholder returns and the maintenance of financial soundness. |
| Investment amount by sector | Field Growth Investment / Amount Not disclosed, Field Large-scale investment in "つくばビッグシップ" / Amount Not disclosed, Field Expansion of business domains through M&A and other measures / Amount Not disclosed |
| Non-financial targets | Indicator Sales ratio of environmentally considerate products and construction methods / FY2025 22.2% / FY2030 target 50% or higher, Indicator Number of new products and construction methods launched, including improvements / FY2025 13 lots / FY2030 target 20 or more, Indicator Number of jointly developed products and construction methods launched / FY2025 2 items / FY2030 target At least 5, Indicator Percentage of suppliers evaluated / FY2025 100% / FY2030 target 100%, Indicator Number of paid-leave days taken annually / FY2025 At least 50%, 76.2% / FY2030 target At least 70%, 100%, Indicator Number of internal compliance training sessions held / FY2025 2 times / FY2030 target 2 times, Indicator Number of financial results briefings held / FY2025 2 times / FY2030 target 2 times |
| Plan assumptions | For fiscal 2026, the plan assumes a Dubai crude oil price of $100 per barrel and an exchange rate of ¥160 to the dollar. From then through fiscal 2030, it assumes a Dubai crude oil price of $65 per barrel, the same level as in fiscal 2025, and an exchange rate of ¥160 to the dollar. The assumptions will be reviewed promptly if material changes occur in the underlying conditions. |
| Key initiatives | Strengthening the customer base, Strengthening Organisational Capabilities, Strengthen the business platform through "つくばビッグシップ", Advance supply chain management, Strengthening the management platform |
| Results under the previous plan | Fiscal 2025 targets: net sales of ¥80,000 million, operating profit of ¥7,000 million, ordinary profit of ¥7,300 million, ordinary profit margin of 9.1%, ROIC of 5.2%, ROA of 4.3%, and a dividend payout ratio of approximately 25.0% → Fiscal 2025 actual results: net sales of ¥75,853 million, operating profit of ¥5,920 million, ordinary profit of ¥6,077 million, ordinary profit margin of 8.0%, ROIC of 4.5%, ROA of 3.7%, dividend payout ratio of 53.4%, ROE of 5.5%, EBITDA of ¥8,674 million, and an EBITDA margin of 11.4% |
| Reason for revision or withdrawal | To realize the "100th Anniversary Corporate Vision," it is necessary to further strengthen the flexible ability to respond to changes in the external environment developed under "しなやか 2025," incorporate change as a growth opportunity, and evolve toward "expansive growth" that enables sustainable development. |
| Risks identified | Volatility in crude oil prices and foreign exchange rates associated with increasing instability in the international situation, Growing momentum toward realizing a decarbonized society in response to the accelerating global climate change problem, Societal demands for ESG management and the achievement of the SDGs, Accelerating technological innovation and digital transformation (DX), Growing cyber risks, including cyberattacks, system failures and information leaks, Increasing infrastructure damage due to the intensification and increasing frequency of natural disasters, including earthquakes, typhoons and torrential rain, Aging social infrastructure developed since the period of rapid economic growth, Promotion of work-style reform in the construction and logistics industries, Strengthening human capital management in response to investment in people, Declining working-age population and an aging society (the 2040 problem) |
| Publication date | 12 May 2026 |
Items this document does not state (9)
Operating profit margin targetNet income targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planSegment targetSize of the Target MarketDate 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.To further strengthen the ability to respond to the external environment developed under "しなやか 2025," incorporate changes in the environment as growth opportunities, and evolve toward "expansive growth" that enables sustainable development, in pursuit of the "100th Anniversary Corporate Vision."
How to read this page
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