Worth reading
79Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
140
¥100 million (reduction in net sales target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales-25.5%
基準 550Target410100 million
Operating profit-75.7%
基準 70Target17100 million
Net income for the current fiscal year-83.6%
基準 55Target9100 million
ROE-4.9pt
基準 6Target1.1%
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 planNet Sales ¥54 billion / Operating profit ¥2 billion / Ordinary income ¥2.5 billion / Net income for the current fiscal year ¥2 billion → Net Sales ¥35.9 billion (fiscal 2023 actual) / Operating profit ¥400 million (fiscal 2023 actual) / Ordinary income ¥1 billion (fiscal 2023 actual) / Net income for the current fiscal year ¥1 billion (fiscal 2023 actual)（Net Sales △33.5% / Operating profit △78.5% / Ordinary income △59.3% / Net income for the current fiscal year △48.5%）
Investment amount by sectorField R&D expenses / capital expenditures / Amount 3.6 billion yen (annual average during the current plan period), Field Human Capital Investment / Amount Not disclosed, Field Environmental Investment / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyFor the 3-year period beginning in fiscal 2024, the company will target a consolidated payout ratio of 40%.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 conduct share buybacks flexibly as appropriate, taking into comprehensive consideration the share price level, its financial position and market conditions.
Key initiatives
01Earnings Structure and Organizational Reform
02Establish the solutions business
03Revitalize the flat knitting machine business
04Expand the automatic cutting machine business
Plan assumptionsSteady market growth driven by global population growth and GDP growth, Accelerating market shifts accompanying changes in the manufacturing environment, Reduced investment appetite due to frequent conflicts and the increasingly complex global economy, Intensifying competition for market share with rival companies
Segment targetSegment Flat knitting machinery business / Net Sales Original plan ¥38.5 billion / Revised plan ¥31 billion / Latest results ¥23.8 billion, Segment Design system-related business / Net Sales Original plan ¥8 billion / Revised plan ¥3.6 billion / Latest results ¥3 billion, Segment Glove and sock knitting machinery business / Net Sales Original plan ¥1 billion / Revised plan ¥400 million / Latest results ¥500 million, Segment Other Businesses / Net Sales Original plan ¥7.5 billion / Revised plan ¥6 billion / Latest results ¥6 billion
Non-financial targetsIndicator Achievement of carbon neutrality / Target value Achieve / Timing 2050
Risks identified by the company
Reduced investment appetite due to frequent conflicts and the increasingly complex global economy
Intensifying competition for market share with rival companies
Reason for revision or withdrawal
The management targets were reviewed in light of the results for the fiscal year ending March 2026 announced today, the earnings forecast for the fiscal year ending March 2027 and the latest business environment. The company also anticipates reduced investment appetite due to frequent conflicts and the increasingly complex global economy, as well as intensifying competition for market share with rival companies.
| Item | Details |
|---|---|
| Plan name | Medium-term management plan “Ever Onward 2026” |
| Plan period | FY2024-FY2026 |
| Progress against the plan | Partially revised |
| Sales Target | 550 (original plan) → 410 (revised plan; latest actual: 335)（-25.5%） |
| Operating profit target | 70 (original plan) → 3 (revised plan; latest actual: △17)（-95.7%） |
| Net income target | 55 (original plan) → 9 (revised plan; latest actual: 8)（-83.6%） |
| ROE target | 6.0 (original plan) → 1.1 (revised plan; latest actual: 1.1)（-81.7%） |
| Payout ratio / DOE policy | For the 3-year period beginning in fiscal 2024, the company will target a consolidated payout ratio of 40%. |
| Treasury share acquisition policy | The company will conduct share buybacks flexibly as appropriate, taking into comprehensive consideration the share price level, its financial position and market conditions. |
| Investment amount by sector | Field R&D expenses / capital expenditures / Amount 3.6 billion yen (annual average during the current plan period), Field Human Capital Investment / Amount Not disclosed, Field Environmental Investment / Amount Not disclosed |
| Segment target | Segment Flat knitting machinery business / Net Sales Original plan ¥38.5 billion / Revised plan ¥31 billion / Latest results ¥23.8 billion, Segment Design system-related business / Net Sales Original plan ¥8 billion / Revised plan ¥3.6 billion / Latest results ¥3 billion, Segment Glove and sock knitting machinery business / Net Sales Original plan ¥1 billion / Revised plan ¥400 million / Latest results ¥500 million, Segment Other Businesses / Net Sales Original plan ¥7.5 billion / Revised plan ¥6 billion / Latest results ¥6 billion |
| Non-financial targets | Indicator Achievement of carbon neutrality / Target value Achieve / Timing 2050 |
| Plan assumptions | Steady market growth driven by global population growth and GDP growth, Accelerating market shifts accompanying changes in the manufacturing environment, Reduced investment appetite due to frequent conflicts and the increasingly complex global economy, Intensifying competition for market share with rival companies |
| Key initiatives | Earnings Structure and Organizational Reform, Establish the solutions business, Revitalize the flat knitting machine business, Expand the automatic cutting machine business |
| Results under the previous plan | Net Sales ¥54 billion / Operating profit ¥2 billion / Ordinary income ¥2.5 billion / Net income for the current fiscal year ¥2 billion → Net Sales ¥35.9 billion (fiscal 2023 actual) / Operating profit ¥400 million (fiscal 2023 actual) / Ordinary income ¥1 billion (fiscal 2023 actual) / Net income for the current fiscal year ¥1 billion (fiscal 2023 actual)（Net Sales △33.5% / Operating profit △78.5% / Ordinary income △59.3% / Net income for the current fiscal year △48.5%） |
| Reason for revision or withdrawal | The management targets were reviewed in light of the results for the fiscal year ending March 2026 announced today, the earnings forecast for the fiscal year ending March 2027 and the latest business environment. The company also anticipates reduced investment appetite due to frequent conflicts and the increasingly complex global economy, as well as intensifying competition for market share with rival companies. |
| Risks identified | Reduced investment appetite due to frequent conflicts and the increasingly complex global economy, Intensifying competition for market share with rival companies |
| Publication date | 8 May 2026 |
Items this document does not state (7)
Operating profit margin targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planSize 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.Management targets were reviewed in light of the results for the fiscal year ended March 2026, the earnings forecast for the fiscal year ending March 2027 and the latest business environment. The company also anticipates reduced investment appetite due to frequent conflicts and the increasingly complex global economy, as well as intensifying competition for market share with rival companies.
How to read this page
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