Worth reading
44Recurring
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
62.3
% (operating profit growth rate)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+17.1%
基準 17,075Target20,000Millions of yen
Operating profit+62.3%
基準 1,602Target2,600Millions of yen
Operating profit margin+3.6pt
基準 9.4Target13％
ROE+1.9pt
基準 6.1Target8％
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.
Statements about the use of capital
Payout ratio / DOE policyThe Company will return profits to shareholders in line with business performance, using a payout ratio of 30% as a guideline, while also seeking to maintain stable dividends by setting a floor of ¥40 per share. The applicable period is not explicitly stated.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01① Focus on fields expected to achieve growth, including decarbonization and national resilience
02Continued acquisition of geothermal power generation and radioactive waste treatment projects (Bentonite Business, Environmental Construction field)
03Capture demand for social infrastructure development (Bentonite Business, Environmental Construction field)
04② Create and expand new business areas
05Expand contract seed-coating services (Agribusiness)
06Enter the markets for energy storage device components and industrial abrasives as advanced functional materials (Clay Science Business)
07Expand 3D cell culture technology into the reagent and drug discovery fields (Clay Science Business)
08③ Promote expansion into overseas markets
09Strengthen sales in the ASEAN market for the near-net-shape materials sector
10Expand advanced functional materials into Asian, European and North American markets
11④ Strengthen the management foundation
12Secure a stable supply of bentonite ore through investment in the development of new domestic mining areas
13Develop new mining technologies
14Invest in human resources and promote digital transformation
Risks identified by the company
The information contained in this document has been prepared based on information available as of the present date and includes uncertainties.
Actual results may differ due to various factors.
| Item | Details |
|---|---|
| Plan name | New Medium-Term Management Plan (fiscal years ending March 2027 to March 2029) |
| Plan period | Three years beginning with fiscal 2026 (fiscal years ending March 2027 to March 2029) |
| Progress against the plan | Formulated |
| Sales Target | 17,075 Millions of yen → 20,000 Millions of yen（+17.1%） |
| Operating profit target | 1,602 Millions of yen → 2,600 Millions of yen（+62.3%） |
| Operating profit margin target | 9.4％ → 13.0％ |
| ROE target | 6.1％ → At least 8.0% |
| Payout ratio / DOE policy | The Company will return profits to shareholders in line with business performance, using a payout ratio of 30% as a guideline, while also seeking to maintain stable dividends by setting a floor of ¥40 per share. The applicable period is not explicitly stated. |
| Key initiatives | ① Focus on fields expected to achieve growth, including decarbonization and national resilience, Continued acquisition of geothermal power generation and radioactive waste treatment projects (Bentonite Business, Environmental Construction field), Capture demand for social infrastructure development (Bentonite Business, Environmental Construction field), ② Create and expand new business areas, Expand contract seed-coating services (Agribusiness), Enter the markets for energy storage device components and industrial abrasives as advanced functional materials (Clay Science Business), Expand 3D cell culture technology into the reagent and drug discovery fields (Clay Science Business), ③ Promote expansion into overseas markets, Strengthen sales in the ASEAN market for the near-net-shape materials sector, Expand advanced functional materials into Asian, European and North American markets, ④ Strengthen the management foundation, Secure a stable supply of bentonite ore through investment in the development of new domestic mining areas, Develop new mining technologies, Invest in human resources and promote digital transformation |
| Risks identified | The information contained in this document has been prepared based on information available as of the present date and includes uncertainties., Actual results may differ due to various factors. |
| Publication date | 15 May 2026 |
Items this document does not state (14)
Net income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planReason for revision or withdrawalSize 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.The Company plans to reorganize its operations to transition to a structure that enables faster decision-making and to accelerate the realization of earnings from new fields. Under the new structure, it will pursue a differentiated strategy that leverages its strengths through flexible thinking unconstrained by past practices amid major changes in the business environment, thereby achieving sustainable growth and enhancing corporate value.
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.