Worth reading
33Immaterial
Scored from 5 of 6 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Summary of Q&A5 items taken from the company’s own explanation
What the company explained in this material
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Future funding policy and additional capital increases
- Medium-term targets and risk scenarios for the fiscal year ending March 2030
- Structure of the current financing and treatment of the stock acquisition rights
- Practical matters and procedures relating to stock acquisition rights
- Investment targets and management policy for the value investment business
- Relationship with Kaihou and Imura Toshiya (井村俊哉), and governance
- Positioning of the existing businesses and the value investment business
- IR, timely disclosure, and briefing operations
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Cost of equity8～10％
- IRRPlan to substantially exceed the cost of shareholders' equity
New initiatives
- Promotion of the value investment business
- Investment management under an investment advisory agreement with Kaihou
- Establishment of an investment decision-making structure through the Investment Committee
- Strengthening IR activities and expanding the individual shareholder and institutional investor bases
- Selection of transferees for the unexercised Eighth Series of Stock Acquisition Rights
Key KPIsA metric the company considers important as a management benchmark.
- Market-value investment balance¥420 billion (target for the fiscal year ending March 2030)
- Annual income¥12 billion (target for the fiscal year ending March 2030)
- Look-through net assets per share¥2,700 (target for the fiscal year ending March 2030)
- Indicative IRRPolicy of substantially exceeding 8–10%
- Number of individual shareholders and institutional investor ownership ratioAiming to expand these as performance indicators
Medium-term management plan targets
- Market-value investment balanceTarget fiscal yearFiscal year ending March 2030Target value¥420 billion
- Annual incomeTarget fiscal yearFiscal year ending March 2030Target value¥12.0 billion
- Look-through net assets per shareTarget fiscal yearFiscal year ending March 2030Target value¥2,700
| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Key KPIs | Indicator name Market-value investment balance / Value ¥420 billion (target for the fiscal year ending March 2030) / Year on year against the same period last year Not disclosed, Indicator name Annual income / Value ¥12 billion (target for the fiscal year ending March 2030) / Year on year against the same period last year Not disclosed, Indicator name Look-through net assets per share / Value ¥2,700 (target for the fiscal year ending March 2030) / Year on year against the same period last year Not disclosed, Indicator name Indicative IRR / Value Policy of substantially exceeding 8–10% / Year on year against the same period last year Not disclosed, Indicator name Number of individual shareholders and institutional investor ownership ratio / Value Aiming to expand these as performance indicators / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Item Cost of equity / Value 8～10％, Item IRR / Value Plan to substantially exceed the cost of shareholders' equity |
| Medium-term management plan targets | Target fiscal year Fiscal year ending March 2030 / Item Market-value investment balance / Target value ¥420 billion, Target fiscal year Fiscal year ending March 2030 / Item Annual income / Target value ¥12.0 billion, Target fiscal year Fiscal year ending March 2030 / Item Look-through net assets per share / Target value ¥2,700 |
| Key points of the Q&A | Future funding policy and additional capital increases, Medium-term targets and risk scenarios for the fiscal year ending March 2030, Structure of the current financing and treatment of the stock acquisition rights, Practical matters and procedures relating to stock acquisition rights, Investment targets and management policy for the value investment business, Relationship with Kaihou and Imura Toshiya (井村俊哉), and governance, Positioning of the existing businesses and the value investment business, IR, timely disclosure, and briefing operations |
| New initiatives | Promotion of the value investment business, Investment management under an investment advisory agreement with Kaihou, Establishment of an investment decision-making structure through the Investment Committee, Strengthening IR activities and expanding the individual shareholder and institutional investor bases, Selection of transferees for the unexercised Eighth Series of Stock Acquisition Rights |
Items this document does not state (25)
Fiscal Period CoveredNet SalesOperating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share
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.Because duplicate and similar advance questions were consolidated into major themes and individual issues and listed together with the Company's responses.
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.