Worth reading
64In 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
400
¥100 million (five years)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales0.0%
基準 2,250Target2,250Hundreds of millions of yen
ROE0.0pt
基準 8Target8%
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.
What happened to the previous planTarget earnings under Medium-Term Vision 2025 (figures not disclosed) → FY2025 results: below target earnings (actual figures not disclosed)0.0%Calculated from the two disclosed figures
Total investment plan¥40 billion / five years
Investment amount by sectorField Growth investment / Amount Approximately ¥10 billion, Field Routine investment / Amount Approximately ¥30.0 billion
Statements about the use of capital
Payout ratio / DOE policyThe company will continue its dividend policy of targeting an annual consolidated dividend payout ratio of approximately 30%. For the five years covered by Medium-Term Vision 2030, from the fiscal year ending March 2027 through the fiscal year ending March 2031, the annual dividend per share will have a floor of ¥100.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Realization of growth investments
02Increase investment in human capital
03Promotion of sustainability
04Strengthen IR functions
05Strengthening the financial position
Plan assumptionsThe plan assumes a shrinking steel products market and a declining working-age population. Numerical assumptions for market growth, population, foreign exchange rates and other factors are not disclosed.
Non-financial targetsIndicator name Female workforce ratio / Target value 10% or higher / Timing FY2030
Risks identified by the company
A shrinking steel products market
The working-age population
Labor Shortages at Construction Sites
Surging materials prices
Weak steel demand
Sharp increases in the prices of iron scrap, fuel and other items
Reason for revision or withdrawal
In FY2025, prolonged construction schedules caused by labor shortages at construction sites and soaring material prices became commonplace, while weak demand for steel products persisted, resulting in earnings below the target. The impact of the sharp rise in prices for iron scrap, the primary raw material, fuel and other items has also compounded the situation, resulting in an increasingly challenging outlook for FY2026 earnings.
| Item | Details |
|---|---|
| Plan name | Godo Steel Group Medium-Term Vision 2030 Proactive×Challenge |
| Plan period | FY2026–FY2030 (the shareholder return policy covers the fiscal years ending March 2027 through March 2031) |
| Progress against the plan | Formulated |
| Sales Target | 2,250 Hundreds of millions of yen → 2,250 Hundreds of millions of yen（0%） |
| ROE target | At least 8% → 7% (the company aims for at least 8% over the medium to long term) |
| Payout ratio / DOE policy | The company will continue its dividend policy of targeting an annual consolidated dividend payout ratio of approximately 30%. For the five years covered by Medium-Term Vision 2030, from the fiscal year ending March 2027 through the fiscal year ending March 2031, the annual dividend per share will have a floor of ¥100. |
| Total investment plan | ¥40 billion / five years |
| Investment amount by sector | Field Growth investment / Amount Approximately ¥10 billion, Field Routine investment / Amount Approximately ¥30.0 billion |
| Non-financial targets | Indicator name Female workforce ratio / Target value 10% or higher / Timing FY2030 |
| Plan assumptions | The plan assumes a shrinking steel products market and a declining working-age population. Numerical assumptions for market growth, population, foreign exchange rates and other factors are not disclosed. |
| Key initiatives | Realization of growth investments, Increase investment in human capital, Promotion of sustainability, Strengthen IR functions, Strengthening the financial position |
| Results under the previous plan | Target earnings under Medium-Term Vision 2025 (figures not disclosed) → FY2025 results: below target earnings (actual figures not disclosed) |
| Reason for revision or withdrawal | In FY2025, prolonged construction schedules caused by labor shortages at construction sites and soaring material prices became commonplace, while weak demand for steel products persisted, resulting in earnings below the target. The impact of the sharp rise in prices for iron scrap, the primary raw material, fuel and other items has also compounded the situation, resulting in an increasingly challenging outlook for FY2026 earnings. |
| Risks identified | A shrinking steel products market, The working-age population, Labor Shortages at Construction Sites, Surging materials prices, Weak steel demand, Sharp increases in the prices of iron scrap, fuel and other items |
| Publication date | 27 April 2026 |
Items this document does not state (10)
Operating profit targetOperating profit margin targetNet income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceSegment 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.In FY2025, prolonged construction schedules caused by labor shortages at construction sites and soaring material prices became commonplace, while weak demand for steel products persisted, resulting in earnings below the target. In addition, the sharp rise in prices for iron scrap, fuel and other items has led to an increasingly challenging outlook for FY2026 earnings.
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.