Worth reading
40Recurring
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
18
¥100 million (consolidated operating profit target for the fiscal year ending March 2030)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedOperating profitNot disclosed → 18 Hundreds of millions of yen
ROENot disclosed → 8 %
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Payout ratio / DOE policyContinue stable dividend payments with a consolidated payout ratio of 30% as a guideline (period covered: 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 is considering using proceeds from the sale of cross-held shares for shareholder returns, including share repurchases
Cost of capitalCost of shareholders' equity (estimated at approximately 8% to 9%)The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share pricePBR has remained between 0.3x and 0.6x over the past 5 years. The Company analyzes the ROE level being below its cost of shareholders' equity as the main factorPBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Four pillars of the growth strategy
02Sustainability
03Human capital
04Cost-of-Capital Management
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Plan period | 4 fiscal years from fiscal 2026 through fiscal 2029 (April 2026 to March 2030) |
| Progress against the plan | Formulated |
| Operating profit target | Not disclosed → 18 Hundreds of millions of yen |
| ROE target | Not disclosed → 8 % |
| Payout ratio / DOE policy | Continue stable dividend payments with a consolidated payout ratio of 30% as a guideline (period covered: Not disclosed) |
| Treasury share acquisition policy | The Company is considering using proceeds from the sale of cross-held shares for shareholder returns, including share repurchases |
| Cost of capital | Cost of shareholders' equity (estimated at approximately 8% to 9%) |
| Self-assessment of PBR and share price | PBR has remained between 0.3x and 0.6x over the past 5 years. The Company analyzes the ROE level being below its cost of shareholders' equity as the main factor |
| Key initiatives | Four pillars of the growth strategy, Sustainability, Human capital, Cost-of-Capital Management |
| Date of board resolution | 25 May 2026 |
| Publication date | 25 May 2026 |
Items this document does not state (13)
Sales TargetOperating profit margin targetNet income targetROIC targetTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planReason for revision or withdrawalSize of the Target MarketRisks identified
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's basic policy is to improve earnings power by making focused investments of management resources in the four pillars of its growth strategy, and to enhance corporate value by promoting sustainability, human capital management and management focused on the cost of capital. The Company also identifies the fact that its PBR has remained between 0.3x and 0.6x over the past 5 years and that its ROE has been below its cost of shareholders' equity as the main factors, and states that it will improve its equity spread by strengthening earnings power and achieving ROE of 8%.
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.