Worth reading
35Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
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.Items stated in the management plan
FormulatedROE23.4% (actual for the fiscal year ended March 2026) → Stably maintain ROE above the cost of shareholders' equity
Only the target level is shown because the current level for comparison was not provided.Investment amount by sectorField Production facilities at the Chinese subsidiary / Amount ¥3.8 billion, Field Japan—Nagaoka plant / Amount ¥2.3 billion, Field New plant in India / Amount Total construction cost: ¥3.6 billion
Statements about the use of capital
Payout ratio / DOE policySteadily increase dividends per share. The applicable period is 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 work to improve EPS through ongoing share buybacks while also taking share price conditions into account. The buyback limit, specific timing and conditions are Not disclosed.
Cost of capitalCost of shareholders' equity: 9–11%The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share priceIn recent years, the Company has maintained ROE above the cost of shareholders' equity and kept its PBR above 1x.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Allocate resources to “large markets” and “growing industries”
02Increase our presence in high-end products
03Accelerating global growth and optimizing the product portfolio
04Productivity and supply chain efficiency
05Develop products that help address social challenges
Risks identified by the company
Geopolitical risk
High volatility in the machine tools market
Earnings volatility
Business risks
| Item | Details |
|---|---|
| Plan name | Medium- to long-term management policy |
| Progress against the plan | Formulated |
| ROE target | 23.4% (actual for the fiscal year ended March 2026) → Stably maintain ROE above the cost of shareholders' equity |
| Payout ratio / DOE policy | Steadily increase dividends per share. The applicable period is Not disclosed. |
| Treasury share acquisition policy | The Company will work to improve EPS through ongoing share buybacks while also taking share price conditions into account. The buyback limit, specific timing and conditions are Not disclosed. |
| Cost of capital | Cost of shareholders' equity: 9–11% |
| Self-assessment of PBR and share price | In recent years, the Company has maintained ROE above the cost of shareholders' equity and kept its PBR above 1x. |
| Investment amount by sector | Field Production facilities at the Chinese subsidiary / Amount ¥3.8 billion, Field Japan—Nagaoka plant / Amount ¥2.3 billion, Field New plant in India / Amount Total construction cost: ¥3.6 billion |
| Key initiatives | Allocate resources to “large markets” and “growing industries”, Increase our presence in high-end products, Accelerating global growth and optimizing the product portfolio, Productivity and supply chain efficiency, Develop products that help address social challenges |
| Risks identified | Geopolitical risk, High volatility in the machine tools market, Earnings volatility, Business risks |
| Publication date | 13 May 2026 |
Items this document does not state (14)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetTotal investment planSegment targetNon-financial targetsPlan assumptionsResults under the previous planReason for revision or withdrawalSize of the Target MarketDate of board resolution
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 aims to enhance shareholder value by stably maintaining ROE above the cost of shareholders' equity, while continuing to grow in preparation for earnings volatility in the machine tools industry and geopolitical risks.
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.