Worth reading
22Immaterial
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
45
¥100 million (total investment in new plant construction)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Date of board resolution7 August 2026
Publication date7 August 2026
This document does not state the plan name, plan period, or numerical targets.
Total investment plan¥4.5 billion (new plant construction)
Investment amount by sectorField Growth investment (new plant construction) / Amount ¥4.5 billion
Statements about the use of capital
Payout ratio / DOE policyThe company’s basic policy is to maintain stable dividends to date while comprehensively taking into account market conditions and the current share price level. Numerical targets for the dividend payout ratio and DOE are not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyThe company will continue the treasury share repurchase announced on 15 June 2026. Repurchases will be capped at ¥400 million in total and 50,000 shares. The company will continue to implement appropriate shareholder returns, including flexible treasury share repurchases, while maintaining a balance with financial soundness.
Self-assessment of PBR and share priceThe company’s recent PBR has remained around 0.6x, and the company recognizes this situation.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Growth investment to improve productivity (new plant construction)
02Flexible shareholder returns (continued treasury share repurchases)
Risks identified by the company
Changes in the business environment
Economic Cycles
| Item | Details |
|---|---|
| Payout ratio / DOE policy | The company’s basic policy is to maintain stable dividends to date while comprehensively taking into account market conditions and the current share price level. Numerical targets for the dividend payout ratio and DOE are not disclosed. |
| Treasury share acquisition policy | The company will continue the treasury share repurchase announced on 15 June 2026. Repurchases will be capped at ¥400 million in total and 50,000 shares. The company will continue to implement appropriate shareholder returns, including flexible treasury share repurchases, while maintaining a balance with financial soundness. |
| Self-assessment of PBR and share price | The company’s recent PBR has remained around 0.6x, and the company recognizes this situation. |
| Total investment plan | ¥4.5 billion (new plant construction) |
| Investment amount by sector | Field Growth investment (new plant construction) / Amount ¥4.5 billion |
| Key initiatives | Growth investment to improve productivity (new plant construction), Flexible shareholder returns (continued treasury share repurchases) |
| Risks identified | Changes in the business environment, Economic Cycles |
| Date of board resolution | 7 August 2026 |
| Publication date | 7 August 2026 |
Items this document does not state (16)
Plan namePlan periodProgress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetCost of capitalSegment targetNon-financial targetsPlan assumptionsResults under the previous planReason for revision or withdrawalSize of the Target Market
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 recognizes that its recent PBR has remained around 0.6x and seeks to clarify the relationship between the use of its financial base and cash on hand, growth investments, and shareholder returns, which it had not sufficiently articulated to date. The new plant is intended to improve production and shipping efficiency, enhance competitiveness, profitability, and corporate value, and secure personnel and pass on technical skills.
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.