Worth reading
66In focus
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
1500
百万円（2030/6営業利益目標）Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+60.6%
基準 6,227Target10,000million
Operating profit+0.2%
基準 2,025Target2,030million
Operating profit margin+5.0pt
基準 2,025Target2,030％
ROE-2,013.0pt
基準 2,025Target12％
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.
Net income for the current fiscal year394（2025/6実績） → Not disclosed
Only the target level is shown because the current level for comparison was not provided.Investment amount by sectorField New Product Development / Amount Not disclosed, Field Capital Expenditure / Amount Not disclosed, Field Recruitment and Human Resource Development / Amount Not disclosed, Field Maintenance and replacement investments / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policy成長投資と安定的な配当の維持を基本方針とし、計画期間中の配当性向25％以上を目標とする。DOEの目標はNot disclosed。The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capital株主資本コストは概ね8〜9％。CAPMの前提はリスクフリーレート1.6％、β値1.1〜1.2、エクイティリスクプレミアム6.1％。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は現状0.9〜1.1倍程度、または0.9〜2.0倍程度で推移。スタンダード市場製造業（機械）の平均0.7倍を示し、収益率の改善と成長期待の醸成によりPBR向上を図るとしている。PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01売上高100億に向けた成長戦略の遂行
02生産能力拡大と生産効率改善の両立
03既存技術の深化と製品･サービスの品質向上
04Promoting human capital management to support technological capabilities
Non-financial targetsIndicator name Operating structure / Target value 20人 / Timing 2027
Risks identified by the company
個別受注生産のため、顧客・製品ごとに仕様・収益性が異なり、期ごとに利益率が変動すること
株式の流動性が低く価格形成が難しいこと
BtoBの業界にあって認知度が高くないこと
Reason for revision or withdrawal
持続的成長と中長期的な企業価値向上を図るため。2024年1月の増資によりROEが一時的に低下し、成長投資の成果が現時点ではまだ利益に反映されていない状況。
| Item | Details |
|---|---|
| Plan name | 中期経営計画「KITAGAWA 2030」 |
| Plan period | 2025/6〜2030/6 |
| Progress against the plan | Formulated |
| Sales Target | 6,227（2025/6実績） → 10,000（2030/6目標） |
| Operating profit target | 623（2025/6実績） → 1,500（2030/6目標） |
| Operating profit margin target | 10.0％（2025/6実績） → 15％以上（2030/6目標） |
| Net income target | 394（2025/6実績） → Not disclosed |
| ROE target | 8.0％（2025/6実績） → 12％以上（2030年目標） |
| Payout ratio / DOE policy | 成長投資と安定的な配当の維持を基本方針とし、計画期間中の配当性向25％以上を目標とする。DOEの目標はNot disclosed。 |
| Cost of capital | 株主資本コストは概ね8〜9％。CAPMの前提はリスクフリーレート1.6％、β値1.1〜1.2、エクイティリスクプレミアム6.1％。 |
| Self-assessment of PBR and share price | PBRは現状0.9〜1.1倍程度、または0.9〜2.0倍程度で推移。スタンダード市場製造業（機械）の平均0.7倍を示し、収益率の改善と成長期待の醸成によりPBR向上を図るとしている。 |
| Investment amount by sector | Field New Product Development / Amount Not disclosed, Field Capital Expenditure / Amount Not disclosed, Field Recruitment and Human Resource Development / Amount Not disclosed, Field Maintenance and replacement investments / Amount Not disclosed |
| Non-financial targets | Indicator name Operating structure / Target value 20人 / Timing 2027 |
| Key initiatives | 売上高100億に向けた成長戦略の遂行, 生産能力拡大と生産効率改善の両立, 既存技術の深化と製品･サービスの品質向上, Promoting human capital management to support technological capabilities |
| Reason for revision or withdrawal | 持続的成長と中長期的な企業価値向上を図るため。2024年1月の増資によりROEが一時的に低下し、成長投資の成果が現時点ではまだ利益に反映されていない状況。 |
| Risks identified | 個別受注生産のため、顧客・製品ごとに仕様・収益性が異なり、期ごとに利益率が変動すること, 株式の流動性が低く価格形成が難しいこと, BtoBの業界にあって認知度が高くないこと |
| Date of board resolution | 25 September 2025 |
| Publication date | 25 September 2025 |
Items this document does not state (7)
ROIC targetTreasury share acquisition policyTotal investment planSegment targetPlan assumptionsResults under the previous planSize of the Target Market
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.持続的成長と中長期的な企業価値向上を図るため。会社は、2024年1月の増資によりROEが一時的に低下し、成長投資の成果が現時点ではまだ利益に反映されていない状況も理由として説明しています。
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.