Worth reading
32Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
42.4
% (ROE for the fiscal year ended May 2026)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet SalesNot disclosed → 300 Hundreds of millions of yen
ROENot disclosed → 20％～30％
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Payout ratio / DOE policyThe company will continue to pay stable dividends supported by stable business performance and increase shareholder returns as business performance expands. It will raise the dividend per share, targeting annual dividends of ¥48 per share for the fiscal year ending May 2028. Target period: fiscal year ending May 2028The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalThe cost of equity calculated using CAPM is 7%–8%.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 at or above 1x and has stayed above the market average. Since the COVID-19 pandemic, the company’s share price has outperformed TOPIX. PER has not necessarily exceeded the market average, and the company identifies improving assessments of its ability to create future corporate value as a challenge.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Improve PER by building up measures to achieve the long-term targets and fostering and sharing clear growth expectations with investors
02Expand the business portfolio and stabilize business performance through the continued use of M&A
03Continue stable dividend payments supported by stable business performance and increase shareholder returns through business growth, including higher dividends per share
04Conduct thorough dialogue with institutional investors, including briefings and individual meetings
05Disclose information to foreign investors, including the simultaneous release of English-language earnings presentation materials and timely disclosures, and hold briefings for individual investors
06Conduct more proactive business PR related to the expansion of the business portfolio
Reason for revision or withdrawal
The initiatives announced on 8 July 2025 were analyzed and evaluated based on the current situation, and the contents were updated.
| Item | Details |
|---|---|
| Plan name | Response to achieving management that is conscious of the cost of capital and share price |
| Plan period | Start year: Not disclosed; final year: fiscal year ending May 2028 (long-term target: FY2030) |
| Progress against the plan | Partially revised |
| Sales Target | Not disclosed → 300 Hundreds of millions of yen |
| ROE target | Not disclosed → 20％～30％ |
| Payout ratio / DOE policy | The company will continue to pay stable dividends supported by stable business performance and increase shareholder returns as business performance expands. It will raise the dividend per share, targeting annual dividends of ¥48 per share for the fiscal year ending May 2028. Target period: fiscal year ending May 2028 |
| Cost of capital | The cost of equity calculated using CAPM is 7%–8%. |
| Self-assessment of PBR and share price | PBR has remained at or above 1x and has stayed above the market average. Since the COVID-19 pandemic, the company’s share price has outperformed TOPIX. PER has not necessarily exceeded the market average, and the company identifies improving assessments of its ability to create future corporate value as a challenge. |
| Key initiatives | Improve PER by building up measures to achieve the long-term targets and fostering and sharing clear growth expectations with investors, Expand the business portfolio and stabilize business performance through the continued use of M&A, Continue stable dividend payments supported by stable business performance and increase shareholder returns through business growth, including higher dividends per share, Conduct thorough dialogue with institutional investors, including briefings and individual meetings, Disclose information to foreign investors, including the simultaneous release of English-language earnings presentation materials and timely disclosures, and hold briefings for individual investors, Conduct more proactive business PR related to the expansion of the business portfolio |
| Reason for revision or withdrawal | The initiatives announced on 8 July 2025 were analyzed and evaluated based on the current situation, and the contents were updated. |
| Date of board resolution | 14 July 2026 |
| Publication date | 14 July 2026 |
Items this document does not state (13)
Operating profit targetOperating profit margin targetNet income targetROIC targetTreasury share acquisition policyTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planSize 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 initiatives announced on 8 July 2025 were analyzed and evaluated based on the current situation, and the contents were updated. ROE is said to have improved, driven by an increase in the net profit margin resulting from robust business performance since the COVID-19 pandemic.
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.