Items stated in the management plan
Partially revisedEach 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.
Some deviations from the initial assumptions have emerged, including delays in bringing planned new products to market. In addition, the business environment has become more challenging than assumed when the medium-term management plan was formulated. Accordingly, the numerical targets have been revised to reflect sluggish domestic demand, a delayed recovery in overseas demand, particularly in China, lower sales volumes in certain businesses, higher raw material prices, energy costs and personnel expenses, and worsening overseas business conditions.
| Item | Details |
|---|---|
| Plan name | 16th Medium-Term Management Plan “Aggressive Challenge One NETUREN 2026” |
| Plan period | April 2024 to March 2027 |
| Progress against the plan | Partially revised |
| Sales Target | 700 Hundreds of millions of yen → 640 Hundreds of millions of yen（-8.6％） |
| Operating profit target | 46 Hundreds of millions of yen → 21 Hundreds of millions of yen（-54.3％） |
| Operating profit margin target | 6.5％ → 3.3％（-49.2％） |
| ROE target | 6.5% or more → At least 2.5%（-61.5％） |
| ROIC target | At least 5.5% → At least 3.1%（-43.6％） |
| Plan assumptions | Inflation and worsening labor shortages in Japan are expected to continue at levels exceeding the initial assumptions, A prolonged slowdown in the Chinese economy, Continued elevated crude oil prices and energy costs, Rising geopolitical risks arising from conflicts in the Middle East and other factors, US tariff increases, The business environment is expected to remain challenging |
| Key initiatives | Expansion of new and core businesses, Appropriate pass-through to selling prices of increases in material, electricity and other costs, Cost-reduction initiatives |
| Reason for revision or withdrawal | Some deviations from the initial assumptions have emerged, including delays in bringing planned new products to market. In addition, the business environment has become more challenging than assumed when the medium-term management plan was formulated. Accordingly, the numerical targets have been revised to reflect sluggish domestic demand, a delayed recovery in overseas demand, particularly in China, lower sales volumes in certain businesses, higher raw material prices, energy costs and personnel expenses, and worsening overseas business conditions. |
| Risks identified | Delays in bringing new products to market, Stagnant Domestic Demand, A delayed recovery in overseas demand, particularly in China, Lower sales volumes in certain businesses, Inflation, Worsening Labor Shortages, A prolonged slowdown in the Chinese economy, Elevated crude oil prices and energy costs, Rising geopolitical risks arising from conflicts in the Middle East and other factors, US tariff increases, Worsening overseas business conditions |
| Date of board resolution | 13 May 2026 |
| Publication date | 13 May 2026 |
Items this document does not state (11)
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 revision reflects delays in bringing planned new products to market, sluggish domestic demand, a delayed recovery in overseas demand, particularly in China, lower sales volumes in certain businesses, higher raw material prices, energy costs and personnel expenses, and worsening overseas business conditions.