Achieving a PBR Above 1x

「The company is pursuing management aimed at sustainably increasing corporate value. To achieve further increases in corporate value, its basic management policy is for ROE (return on equity) to continuously exceed the cost of capital. The company determined that acquiring its common shares as treasury stock would help improve capital efficiency, including ROE, and lead to the return of profits to shareholders.」

「To achieve FY2026 net sales of ¥120.0 billion, an operating margin of 8% and ROE of 12%, the group aims to maximize earnings by pursuing its two-pronged business strategy of strengthening existing businesses and expanding growth and new businesses, together with reforming its management foundation centered on ESG.」

「To achieve its FY2026 targets of consolidated net sales of ¥120.0 billion, an operating margin of 8% and ROE of 12%, the group regards FY2024, the first year of the New Medium-Term Management Plan 2026, as an extremely important year. In particular, it regards ROE as an indicator linked to sustainable increases in corporate value and is working to improve ROE through balanced capital allocation, including investment for business expansion, research and development activities that will provide a source of future growth, and shareholder returns. By achieving these targets, the group aims to attain a PBR above 1x.」