Worth reading
67In focus
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
600
¥100 millionWording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.2%
基準 2,025Target2,030100 million
Operating profit margin+5.0pt
基準 2,025Target2,030％
ROE+2,020.0pt
基準 10Target2,030％
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.
Total investment plan¥21 billion (growth investments and shareholder returns during FY2026–30)
Investment amount by sectorField Strategic Investments / Amount ¥3 billion / Details Flexible investment allocation for M&A and other initiatives, Field R&D and human resources investments, and capital expenditures / Amount ¥12.0 billion / Details R&D for new technologies and products, investments to expand the business, maintenance and renewal of facilities, investments in information systems, education and training, and improvements in employee compensation, Field Shareholder Returns / Amount ¥6 billion / Details Stable dividends aimed at achieving a sustained increase in dividend payments, with an average payout ratio of at least 30% during the plan period
Statements about the use of capital
Payout ratio / DOE policyAverage payout ratio of at least 30% during the plan period (FY2026–30). The Company aims for a sustained increase in dividends through stable dividend payments.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalCost of equity: 8.5%The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share priceThe Company recognizes that its business is increasingly being valued, as its PBR has recently exceeded 1x.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Business Portfolio Selection and Focus
02Growth and M&A in each business
03Expansion of highly profitable core businesses
04Appropriate pricing
05Reduce the SG&A expense ratio
06Improved efficiency of operating assets
07Leveraging the Collective Strength of the Group
08Promotion of human capital management
09Governance Enhancement
10Responsible Procurement
11Manufacturing processes with a lower environmental impact
12Expansion of production capacity and stronger collaboration
13Development and expanded sales of next-generation cables
14Development of new business areas and products
15Strengthening the production structure and improving efficiency across operations
16Strengthening cost competitiveness and expanding production capacity
17Leading development of continuously evolving PCIe technology
18Establishment of mass-production capabilities and expansion of production capacity
Plan assumptionsThe domestic market for autonomous driving and connected services is projected to grow from ¥117 billion in 2026 to ¥439 billion in 2030, representing a CAGR of 39% (prepared based on KPMG, “Market Outlook and Talent Requirements for 2030: Automobiles (Autonomous and Connected Vehicles)”)., Annual growth rate of at least 15% for EPC contractors ranked among the top 10, The global data center market size is shown, including forecast figures (Source: Ministry of Internal Affairs and Communications, “2025 White Paper on Information and Communications in Japan”).
Segment target55％（FY2025） → 70％（FY2030）, 1％（FY2025） → 4％（FY2030）
Size of the Target MarketMarket Domestic market for autonomous driving and connected services / Scale ¥117 billion in 2026; ¥439 billion in 2030 / Growth rate CAGR39％ / Source Prepared based on KPMG, “Market Outlook and Talent Requirements for 2030: Automobiles (Autonomous and Connected Vehicles)”, Market Domestic shipments of medical equipment / Scale ¥4.7083 trillion in 2024 / Growth rate Not disclosed / Source Prepared based on the Ministry of Health, Labour and Welfare, “Yearbook of Current Production Statistics of Pharmaceutical Industry”, Market Annual global installations of industrial robots / Scale 542,000 units in 2024 / Growth rate Not disclosed / Source Prepared based on the International Federation of Robotics, “World Robotics 2025”, Market Global data center market (sales) / Scale $624.1 billion (final forecast figure shown in the chart) / Growth rate Not disclosed / Source Ministry of Internal Affairs and Communications, “2025 White Paper on Information and Communications in Japan”
Risks identified by the company
Cybersecurity
Customer safety and product liability
Appropriate product labeling
Climate change and GHG emissions reduction
Decarbonization and Carbon Neutrality
Reduction and recycling of raw materials
Reduction of energy consumption
Air emissions
Procurement practices
Supplier assessments
CSR Procurement
Geopolitical risks and international conflicts
Prevention of corruption and anticompetitive conduct
Childcare leave and labor relations
Employee treatment and compensation levels
New employee hiring and turnover
Protection of intellectual property rights
| Item | Details |
|---|---|
| Plan name | Plan 600 Medium-Term Management Plan (FY2026–FY2030) |
| Plan period | FY2026〜FY2030 |
| Progress against the plan | Formulated |
| Sales Target | ¥38.5 billion (FY2025 actual) → At least ¥60 billion (FY2030 plan) |
| Operating profit margin target | 11.5% (FY2025 actual) → At least 12% (FY2030) |
| ROE target | Below 10% (historical performance) → At least 10% (FY2030) |
| Payout ratio / DOE policy | Average payout ratio of at least 30% during the plan period (FY2026–30). The Company aims for a sustained increase in dividends through stable dividend payments. |
| Cost of capital | Cost of equity: 8.5% |
| Self-assessment of PBR and share price | The Company recognizes that its business is increasingly being valued, as its PBR has recently exceeded 1x. |
| Total investment plan | ¥21 billion (growth investments and shareholder returns during FY2026–30) |
| Investment amount by sector | Field Strategic Investments / Amount ¥3 billion / Details Flexible investment allocation for M&A and other initiatives, Field R&D and human resources investments, and capital expenditures / Amount ¥12.0 billion / Details R&D for new technologies and products, investments to expand the business, maintenance and renewal of facilities, investments in information systems, education and training, and improvements in employee compensation, Field Shareholder Returns / Amount ¥6 billion / Details Stable dividends aimed at achieving a sustained increase in dividend payments, with an average payout ratio of at least 30% during the plan period |
| Segment target | 55％（FY2025） → 70％（FY2030）, 1％（FY2025） → 4％（FY2030） |
| Plan assumptions | The domestic market for autonomous driving and connected services is projected to grow from ¥117 billion in 2026 to ¥439 billion in 2030, representing a CAGR of 39% (prepared based on KPMG, “Market Outlook and Talent Requirements for 2030: Automobiles (Autonomous and Connected Vehicles)”)., Annual growth rate of at least 15% for EPC contractors ranked among the top 10, The global data center market size is shown, including forecast figures (Source: Ministry of Internal Affairs and Communications, “2025 White Paper on Information and Communications in Japan”). |
| Key initiatives | Business Portfolio Selection and Focus, Growth and M&A in each business, Expansion of highly profitable core businesses, Appropriate pricing, Reduce the SG&A expense ratio, Improved efficiency of operating assets, Leveraging the Collective Strength of the Group, Promotion of human capital management, Governance Enhancement, Responsible Procurement, Manufacturing processes with a lower environmental impact, Expansion of production capacity and stronger collaboration, Development and expanded sales of next-generation cables, Development of new business areas and products, Strengthening the production structure and improving efficiency across operations, Strengthening cost competitiveness and expanding production capacity, Leading development of continuously evolving PCIe technology, Establishment of mass-production capabilities and expansion of production capacity |
| Size of the Target Market | Market Domestic market for autonomous driving and connected services / Scale ¥117 billion in 2026; ¥439 billion in 2030 / Growth rate CAGR39％ / Source Prepared based on KPMG, “Market Outlook and Talent Requirements for 2030: Automobiles (Autonomous and Connected Vehicles)”, Market Domestic shipments of medical equipment / Scale ¥4.7083 trillion in 2024 / Growth rate Not disclosed / Source Prepared based on the Ministry of Health, Labour and Welfare, “Yearbook of Current Production Statistics of Pharmaceutical Industry”, Market Annual global installations of industrial robots / Scale 542,000 units in 2024 / Growth rate Not disclosed / Source Prepared based on the International Federation of Robotics, “World Robotics 2025”, Market Global data center market (sales) / Scale $624.1 billion (final forecast figure shown in the chart) / Growth rate Not disclosed / Source Ministry of Internal Affairs and Communications, “2025 White Paper on Information and Communications in Japan” |
| Risks identified | Cybersecurity, Customer safety and product liability, Appropriate product labeling, Climate change and GHG emissions reduction, Decarbonization and Carbon Neutrality, Reduction and recycling of raw materials, Reduction of energy consumption, Air emissions, Procurement practices, Supplier assessments, CSR Procurement, Geopolitical risks and international conflicts, Prevention of corruption and anticompetitive conduct, Childcare leave and labor relations, Employee treatment and compensation levels, New employee hiring and turnover, Protection of intellectual property rights |
| Publication date | 11 May 2026 |
Items this document does not state (8)
Operating profit targetNet income targetROIC targetTreasury share acquisition policyNon-financial targetsResults under the previous planReason for revision or withdrawalDate 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.To capture social changes and trends, including digitalization, AI, advances in communications infrastructure, industrial automation, CASE, advances in medical technology, and the development of the semiconductor industry, and accelerate growth in its core businesses and HPC.
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.
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