Worth reading
31Immaterial
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
1
PBR of 1x or higherWording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedROE targetNot disclosed → Improve ROE (no numerical target stated)ROE is the percentage of profit generated from money provided by shareholders.
Statements about the use of capital
Payout ratio / DOE policyImplement stable and sustainable dividends in line with earnings growth. For the time being, priority will be given to improving earnings capacity and strengthening the financial base. Applicable period: for the time being.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Self-assessment of PBR and share priceAt the end of March 2026, PBR was 0.42x and the share price was ¥2,498. The Company recognizes that, in addition to the market's assessment of its earnings capacity and capital efficiency, the insufficient accumulation of retained earnings in the past has meant that expectations for stable growth investment and shareholder returns have not been fully reflected in the share price, contributing to PBR remaining below 1x.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Strengthen earnings capacity (improve ROE)
02Balancing Growth Investments and Shareholder Returns
Risks identified by the company
Risk of fluctuations in copper prices
Reason for revision or withdrawal
The content was updated based on the current assessment and analysis, the progress of initiatives, and other factors.
| Item | Details |
|---|---|
| Plan name | Response to achieving management that is conscious of the cost of capital and share price |
| Progress against the plan | Partially revised |
| ROE target | Not disclosed → Improve ROE (no numerical target stated) |
| Payout ratio / DOE policy | Implement stable and sustainable dividends in line with earnings growth. For the time being, priority will be given to improving earnings capacity and strengthening the financial base. Applicable period: for the time being. |
| Self-assessment of PBR and share price | At the end of March 2026, PBR was 0.42x and the share price was ¥2,498. The Company recognizes that, in addition to the market's assessment of its earnings capacity and capital efficiency, the insufficient accumulation of retained earnings in the past has meant that expectations for stable growth investment and shareholder returns have not been fully reflected in the share price, contributing to PBR remaining below 1x. |
| Key initiatives | Strengthen earnings capacity (improve ROE), Balancing Growth Investments and Shareholder Returns |
| Reason for revision or withdrawal | The content was updated based on the current assessment and analysis, the progress of initiatives, and other factors. |
| Risks identified | Risk of fluctuations in copper prices |
| Publication date | 21 May 2026 |
Items this document does not state (16)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planSize 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 content of the measures to achieve management that is conscious of the cost of capital and share price, announced on 20 May 2025, was updated based on the current assessment and analysis, the progress of initiatives, and other factors.
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.