Worth reading
88Important
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
500
¥100 million (net sales target for the fiscal year ending March 2029)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+18.8%
基準 42.1Target50hundred million
Operating profit+70.0%
基準 2Target3.4hundred million
Operating profit margin+2.0pt
基準 4.8Target6.8％
Net income for the current fiscal year-99.8%
基準 800Target1.7hundred million
ROE+3.0pt
基準 5Target8％
ROIC+3.0pt
基準 7Target10％
Each 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.
What happened to the previous planFiscal year ended March 2024 Net sales of ¥38.2 billion, operating income of ¥1.1 billion, operating margin of 3.0% / Fiscal year ended March 2025 Net sales of ¥38.5 billion, operating income of ¥2.1 billion, operating margin of 5.6% / Fiscal year ended March 2026 Net sales of ¥39.8 billion, operating income of ¥1.1 billion, operating margin of 2.9% (initial forecast) → Fiscal year ended March 2024 Net sales of ¥38.3 billion, operating income of ¥1.2 billion, operating margin of 3.2% / Fiscal year ended March 2025 Net sales of ¥40.8 billion, operating income of ¥1.6 billion, operating margin of 4.1% / Fiscal year ended March 2026 Net sales of ¥42.1 billion, operating income of ¥2.0 billion, operating margin of 4.8%
Investment amount by sectorField M&A Investment / Amount Approximately ¥3.0 billion, Field BCP investment (sustainable growth) / Amount Approximately ¥1 billion, Field Capital Expenditure / Amount Approximately ¥4.5 billion, Field R&D investment / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyDuring the plan period, the Company will continue its stable dividend policy of a payout ratio of at least 30% and DOE of at least 3%, adopting whichever is higher.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 flexibly repurchase treasury shares based on market conditions, earnings trends, and its financial position.
Cost of capitalCost of shareholders’ equity (8% range), WACC (7% range)The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share priceThrough sustained growth in corporate value, the Company aims to achieve and maintain a PBR above 1.0x or at least 1.0x.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Expand sales of custom products
02Win orders for precision and micro-machined products
03Targeted sales by region and industry
04Specialize in made-to-order manufacturing
05Strengthen overseas sourcing
06Digitize indirect operations
07Optimize production and logistics through cooperation with MISUMI Group
08Plan for total investment of ¥3.0 billion
09Strengthen sales of factory automation equipment
10Expand sales coverage
11Expand the network of external contractors
12Utilize the web
13Enter the laboratory automation field
14Deepen market penetration and expand sales of original products (needle-free injectors and dispensing equipment)
15Offer bundled proposals combining equipment sales with process-improvement solutions
16P-Bas®
17Cooperate with JAXA in the aerospace sector
18Innovate processing technologies for hard and brittle materials and nonmetallic materials
19Assess the business potential of mold-related businesses
20Consider introducing an internal venture program
21Promoting DX
22Embed ROIC-based management
23Establish investment decision criteria
24Strengthen human capital management
Plan assumptionsItem Mold market growth rate / Figures CAGR 3.3％ / Period 2025–2028 / Source ISTMA Statistical Year Book 2024, Item Growth rate of the industrial robot market in major regions / Figures CAGR 6.7％ / Period 2025–2028 / Source Company estimate
Segment targetCategory By business / Segment Die components / Net sales target for the fiscal year ending March 2029 ¥45.1 billion, Category By business / Segment FA / Net sales target for the fiscal year ending March 2029 ¥4.5 billion, Category By business / Segment New Businesses / Net sales target for the fiscal year ending March 2029 ¥400 million, Category Regional breakdown / Segment Japan / Net sales target for the fiscal year ending March 2029 ¥12.8 billion, Category Regional breakdown / Segment China / Net sales target for the fiscal year ending March 2029 ¥29.1 billion, Category Regional breakdown / Segment Southeast Asia / Net sales target for the fiscal year ending March 2029 ¥3.2 billion, Category Regional breakdown / Segment Europe, the Americas, and other regions / Net sales target for the fiscal year ending March 2029 ¥4.9 billion, Category By industry / Segment Automotive / Net sales target for the fiscal year ending March 2029 ¥20.7 billion, Category By industry / Segment Electronic components and semiconductors / Net sales target for the fiscal year ending March 2029 ¥8 billion, Category By industry / Segment Consumer electronics and precision equipment / Net sales target for the fiscal year ending March 2029 ¥5 billion, Category By industry / Segment Other / Net sales target for the fiscal year ending March 2029 ¥16.3 billion
Non-financial targetsIndicator Indirect operations / Target value 20% reduction / Timing By the fiscal year ending March 2029
Size of the Target MarketMarket Mold shipment market in major regions / Dimensions ¥14.7 trillion in 2025, ¥15.2 trillion in 2026, ¥15.7 trillion in 2027, and ¥16.2 trillion in 2028 / Growth rate CAGR 3.3％ / Source ISTMA Statistical Year Book 2024, Market Industrial robot market in major regions / Dimensions ¥1.4 trillion in 2025, ¥1.5 trillion in 2026, ¥1.6 trillion in 2027, and ¥1.7 trillion in 2028 / Growth rate CAGR 6.7％ / Source Company estimate
Risks identified by the company
Continued U.S.–China tensions
Tightening environmental regulations in various countries
Occupational safety and work-style regulations
Economic Trends
Foreign Exchange Movements
Rising raw material prices and personnel expenses
Declining birthrate, aging population, and shortage of skilled workers
Higher costs associated with sustainability initiatives
Weak consumer spending
The relocation of manufacturing overseas
Improving quality of overseas products
Geopolitical risk
Emergence of technology-focused startups
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan “Value Creation 28” |
| Plan period | 3 years from fiscal 2026 through fiscal 2028 (fiscal years ending March 2027 through March 2029) |
| Progress against the plan | Formulated |
| Sales Target | ¥42.1 billion → ¥50.0 billion（Up 18.8%） |
| Operating profit target | ¥2 billion → ¥3.4 billion（Up 70.0%） |
| Operating profit margin target | 4.8％ → 6.8％（Up 41.7%） |
| Net income target | ¥800 million → ¥1.7 billion（Up 112.5%） |
| ROE target | 5.0％ → At least 8.0%（At least 60.0% higher） |
| ROIC target | 7.0％ → At least 10.0%（At least 42.9% higher） |
| Payout ratio / DOE policy | During the plan period, the Company will continue its stable dividend policy of a payout ratio of at least 30% and DOE of at least 3%, adopting whichever is higher. |
| Treasury share acquisition policy | The Company will flexibly repurchase treasury shares based on market conditions, earnings trends, and its financial position. |
| Cost of capital | Cost of shareholders’ equity (8% range), WACC (7% range) |
| Self-assessment of PBR and share price | Through sustained growth in corporate value, the Company aims to achieve and maintain a PBR above 1.0x or at least 1.0x. |
| Investment amount by sector | Field M&A Investment / Amount Approximately ¥3.0 billion, Field BCP investment (sustainable growth) / Amount Approximately ¥1 billion, Field Capital Expenditure / Amount Approximately ¥4.5 billion, Field R&D investment / Amount Not disclosed |
| Segment target | Category By business / Segment Die components / Net sales target for the fiscal year ending March 2029 ¥45.1 billion, Category By business / Segment FA / Net sales target for the fiscal year ending March 2029 ¥4.5 billion, Category By business / Segment New Businesses / Net sales target for the fiscal year ending March 2029 ¥400 million, Category Regional breakdown / Segment Japan / Net sales target for the fiscal year ending March 2029 ¥12.8 billion, Category Regional breakdown / Segment China / Net sales target for the fiscal year ending March 2029 ¥29.1 billion, Category Regional breakdown / Segment Southeast Asia / Net sales target for the fiscal year ending March 2029 ¥3.2 billion, Category Regional breakdown / Segment Europe, the Americas, and other regions / Net sales target for the fiscal year ending March 2029 ¥4.9 billion, Category By industry / Segment Automotive / Net sales target for the fiscal year ending March 2029 ¥20.7 billion, Category By industry / Segment Electronic components and semiconductors / Net sales target for the fiscal year ending March 2029 ¥8 billion, Category By industry / Segment Consumer electronics and precision equipment / Net sales target for the fiscal year ending March 2029 ¥5 billion, Category By industry / Segment Other / Net sales target for the fiscal year ending March 2029 ¥16.3 billion |
| Non-financial targets | Indicator Indirect operations / Target value 20% reduction / Timing By the fiscal year ending March 2029 |
| Plan assumptions | Item Mold market growth rate / Figures CAGR 3.3％ / Period 2025–2028 / Source ISTMA Statistical Year Book 2024, Item Growth rate of the industrial robot market in major regions / Figures CAGR 6.7％ / Period 2025–2028 / Source Company estimate |
| Key initiatives | Expand sales of custom products, Win orders for precision and micro-machined products, Targeted sales by region and industry, Specialize in made-to-order manufacturing, Strengthen overseas sourcing, Digitize indirect operations, Optimize production and logistics through cooperation with MISUMI Group, Plan for total investment of ¥3.0 billion, Strengthen sales of factory automation equipment, Expand sales coverage, Expand the network of external contractors, Utilize the web, Enter the laboratory automation field, Deepen market penetration and expand sales of original products (needle-free injectors and dispensing equipment), Offer bundled proposals combining equipment sales with process-improvement solutions, P-Bas®, Cooperate with JAXA in the aerospace sector, Innovate processing technologies for hard and brittle materials and nonmetallic materials, Assess the business potential of mold-related businesses, Consider introducing an internal venture program, Promoting DX, Embed ROIC-based management, Establish investment decision criteria, Strengthen human capital management |
| Results under the previous plan | Fiscal year ended March 2024 Net sales of ¥38.2 billion, operating income of ¥1.1 billion, operating margin of 3.0% / Fiscal year ended March 2025 Net sales of ¥38.5 billion, operating income of ¥2.1 billion, operating margin of 5.6% / Fiscal year ended March 2026 Net sales of ¥39.8 billion, operating income of ¥1.1 billion, operating margin of 2.9% (initial forecast) → Fiscal year ended March 2024 Net sales of ¥38.3 billion, operating income of ¥1.2 billion, operating margin of 3.2% / Fiscal year ended March 2025 Net sales of ¥40.8 billion, operating income of ¥1.6 billion, operating margin of 4.1% / Fiscal year ended March 2026 Net sales of ¥42.1 billion, operating income of ¥2.0 billion, operating margin of 4.8% |
| Size of the Target Market | Market Mold shipment market in major regions / Dimensions ¥14.7 trillion in 2025, ¥15.2 trillion in 2026, ¥15.7 trillion in 2027, and ¥16.2 trillion in 2028 / Growth rate CAGR 3.3％ / Source ISTMA Statistical Year Book 2024, Market Industrial robot market in major regions / Dimensions ¥1.4 trillion in 2025, ¥1.5 trillion in 2026, ¥1.6 trillion in 2027, and ¥1.7 trillion in 2028 / Growth rate CAGR 6.7％ / Source Company estimate |
| Risks identified | Continued U.S.–China tensions, Tightening environmental regulations in various countries, Occupational safety and work-style regulations, Economic Trends, Foreign Exchange Movements, Rising raw material prices and personnel expenses, Declining birthrate, aging population, and shortage of skilled workers, Higher costs associated with sustainability initiatives, Weak consumer spending, The relocation of manufacturing overseas, Improving quality of overseas products, Geopolitical risk, Emergence of technology-focused startups |
| Publication date | 13 May 2026 |
Items this document does not state (3)
Total investment planReason for revision or withdrawalDate 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 business environment is undergoing major changes, including global geopolitical risks, rising raw material prices and personnel expenses, foreign exchange fluctuations, labor shortages, and accelerating demand for automation and labor saving. The Company also strongly recognizes the need to evolve its business and earnings structures to achieve sustained growth in corporate value, as there remains room to improve capital efficiency and profitability.
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