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.
In addition to slowing demand in the EV market, uncertainty in the business environment has increased further due to soaring raw material prices, higher labor costs, rising crude oil prices against the backdrop of heightened tensions in the Middle East, and increased transportation costs. In addition, expenses related to quality improvements and after-sales services have increased, as have expenses associated with enhanced customer support, making it difficult to achieve the originally projected level of earnings.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Plan period | Fiscal years ending March 2025 to March 2027 (3 years) |
| Progress against the plan | Partially revised |
| Sales Target | ¥9,000 million → ¥8,602 million（-4.4%） |
| Operating profit target | ¥1,900 million → ¥1,707 million（-10.2%） |
| Operating profit margin target | 21 ％ → 19.9 ％（-5.2%） |
| ROE target | 14 % (latest actual: 10.7%) → 10.4 % (latest actual: 10.7%)（-25.7%） |
| Key initiatives | Ongoing communication of the medium- to long-term vision and strategy, Enhancement of annual earnings forecasts and key initiatives, Flexible updates in response to changes in circumstances |
| Results under the previous plan | Medium-term plan publicly announced for the fiscal year ending March 2027: net sales of ¥9,000 million, operating profit of ¥1,900 million, operating margin of 21% and ROE of 14% → Fiscal year ended March 2025: net sales of ¥7,881 million, operating profit of ¥1,637 million, operating margin of 20.8% and ROE of 12.0%. Fiscal year ended March 2026: net sales of ¥8,033 million, operating profit of ¥1,574 million, operating margin of 19.6% and ROE of 10.7% |
| Reason for revision or withdrawal | In addition to slowing demand in the EV market, uncertainty in the business environment has increased further due to soaring raw material prices, higher labor costs, rising crude oil prices against the backdrop of heightened tensions in the Middle East, and increased transportation costs. In addition, expenses related to quality improvements and after-sales services have increased, as have expenses associated with enhanced customer support, making it difficult to achieve the originally projected level of earnings. |
| Risks identified | Slowing demand in the EV market, Surging Raw Material Prices, Rising labor costs, Rising crude oil prices against the backdrop of heightened tensions in the Middle East, Higher transportation costs, Higher expenses related to quality improvements and after-sales services, Higher expenses associated with enhanced customer support, Increasing VUCA (volatility, uncertainty, complexity and ambiguity) |
| Date of board resolution | 28 April 2026 |
| Publication date | 28 April 2026 |
Items this document does not state (12)
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 expects that achieving the originally projected level of earnings will be difficult due to slowing demand in the EV market, higher raw material prices, labor costs, crude oil prices and transportation costs, as well as increased expenses associated with quality improvements, after-sales service and enhanced customer support.