Items stated in the management plan
Partially revisedIn response to the significant transformation of the business environment from that envisaged when the Eleventh Management Plan was initially formulated, the company reviewed its outlook in line with changes in the existing businesses and scrutinized the timing for reliable mass production of new business items. Declining sales accompanying the rapid shift to EVs in the Chinese market, increasing competition from overseas materials, delays in hydrogen infrastructure development, and technical challenges caused demand for existing core products to fall sharply below the initial assumptions, while the timing for mass production of next-generation growth products was delayed by several years from the initial assumptions.
| Item | Details |
|---|---|
| Plan name | 11th Management Plan “NIPPON KINZOKU 2030” |
| Plan period | Fiscal 2020–fiscal 2029 |
| Progress against the plan | Partially revised |
| Sales Target | Consolidated ¥65.0 billion / Individual ¥55 billion → Consolidated ¥52.0 billion / Individual ¥39.0 billion（Consolidated △20.0% / Individual △29.1%） |
| Operating profit target | Consolidated ¥5 billion / Individual ¥4 billion → Consolidated ¥2 billion / Individual ¥900 million（Consolidated △60.0% / Individual △77.5%） |
| Operating profit margin target | Consolidated 7% / Individual 7% → Consolidated 3% / Individual 2%（Consolidated △57.1% / Individual △71.4%） |
| Net income target | Consolidated ¥4 billion / Individual ¥3 billion → Consolidated ¥1 billion / Individual ¥400 million（Consolidated △75.0% / Individual △86.7%） |
| Payout ratio / DOE policy | The consolidated dividend payout ratio for fiscal 2029 is expected to be approximately 20%. No dividend payout ratio has been set for standalone results. No DOE policy is stated. |
| Plan assumptions | Targets based on the business environment as of the present time, Depending on future changes in the business environment and other factors, actual results may differ significantly from the targets, or the targets may be changed without prior notice |
| Key initiatives | Expansion of high-margin products, Strategic investment in growth sectors, Transformation of the Earnings Structure |
| Reason for revision or withdrawal | In response to the significant transformation of the business environment from that envisaged when the Eleventh Management Plan was initially formulated, the company reviewed its outlook in line with changes in the existing businesses and scrutinized the timing for reliable mass production of new business items. Declining sales accompanying the rapid shift to EVs in the Chinese market, increasing competition from overseas materials, delays in hydrogen infrastructure development, and technical challenges caused demand for existing core products to fall sharply below the initial assumptions, while the timing for mass production of next-generation growth products was delayed by several years from the initial assumptions. |
| Risks identified | Changes in the Business Environment, Declining sales accompanying the rapid shift to EVs in the Chinese market, Increasing competition from overseas materials, Delays in hydrogen infrastructure development, Technical challenges, Actual results may differ significantly from the targets, or the targets may be changed without prior notice, due to future changes in the business environment and other factors |
| Publication date | 7 August 2026 |
Items this document does not state (12)
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.Because the business environment envisaged when the Eleventh Management Plan was initially formulated has changed significantly, the company reviewed its outlook in line with changes in the existing businesses and scrutinized the timing for mass production of new business items. The company cited declining sales accompanying the rapid shift to EVs in the Chinese market, increasing competition from overseas materials, delays in hydrogen infrastructure development, and technical challenges, which have resulted in lower demand for existing core products and delays in the mass production of next-generation growth products.