Worth reading
42Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
ROE+1.0pt
基準 2,026Target2,027％
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).
Statements about the use of capital
Payout ratio / DOE policyThe Company aims to resume dividend payments by the fiscal year ending March 2027 and plans to pay a year-end dividend for that fiscal year. Its dividend policy and dividend per share are under consideration.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 policyBased on a resolution of the Board of Directors dated 20 May 2026, the Company acquired 152,900 shares between 21 May and 2 June. Treasury shares acquired through litigation and other means will be considered in light of shareholder returns, human capital and capital policy, among other factors.
Self-assessment of PBR and share pricePBR has remained below 1x. The Company believes that the share price has been affected by the gradual decline in demand for web offset presses, the fact that its new businesses have not yet reached a stage where they can demonstrate sufficient growth potential, and the continuation of a no-dividend policy.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01(1) Profitability
02Stimulate replacement demand in the domestic market through proactive sales of the next-generation standard web offset press “Color Top Eco Wide III,” completed in March 2025. Based on the concept of reducing costs while maintaining print quality, the press incorporates cutting-edge technology and contributes to users’ labor and manpower savings.
03Secure demand by establishing a production system capable of responding to concentrated demand for web offset press replacements.
04(2) Growth potential
05Further promote the AGV (automated guided vehicle) business by strengthening customization capabilities.
06Expand sales of “Ichimō Dajin (一望打塵),” an autonomous cleaning robot completed in August 2024 through external collaboration.
07Expand the processing and assembly business by leveraging technologies developed through the web offset press business.
08Promote a transformation of the business structure by increasing the proportion of new businesses in the overall business mix.
09Enhance training with a focus on human capital management, review recruitment policies aimed at securing diverse talent, and revise internal systems that contribute to employee engagement.
10Continue considering entry into new businesses that utilize technologies derived from the web offset press business.
11(3) Shareholder returns
12With respect to dividend policy, the Company aims to resume dividend payments as set out in its medium-term management plan. It currently plans to pay a year-end dividend for the fiscal year ending March 2027, but its dividend policy and dividend per share are under consideration.
13(4) Strengthening IR activities
14The Company’s management holds regular dialogues with institutional investor shareholders that hold the Company’s shares over the medium to long term.
Risks identified by the company
High earnings volatility in the web offset press business
Gradual decline in demand for the core web offset press business
New businesses have not yet reached a stage where they can demonstrate sufficient growth potential
| Item | Details |
|---|---|
| Plan name | “TKS Group Medium-Term Management Plan” |
| Plan period | Five years (formulated on 14 January 2022; fiscal year ending March 2027) |
| ROE target | Actual for the fiscal year ending March 2026: 12.06% → Target for the fiscal year ending March 2027: 6–8% |
| Payout ratio / DOE policy | The Company aims to resume dividend payments by the fiscal year ending March 2027 and plans to pay a year-end dividend for that fiscal year. Its dividend policy and dividend per share are under consideration. |
| Treasury share acquisition policy | Based on a resolution of the Board of Directors dated 20 May 2026, the Company acquired 152,900 shares between 21 May and 2 June. Treasury shares acquired through litigation and other means will be considered in light of shareholder returns, human capital and capital policy, among other factors. |
| Self-assessment of PBR and share price | PBR has remained below 1x. The Company believes that the share price has been affected by the gradual decline in demand for web offset presses, the fact that its new businesses have not yet reached a stage where they can demonstrate sufficient growth potential, and the continuation of a no-dividend policy. |
| Key initiatives | (1) Profitability, Stimulate replacement demand in the domestic market through proactive sales of the next-generation standard web offset press “Color Top Eco Wide III,” completed in March 2025. Based on the concept of reducing costs while maintaining print quality, the press incorporates cutting-edge technology and contributes to users’ labor and manpower savings., Secure demand by establishing a production system capable of responding to concentrated demand for web offset press replacements., (2) Growth potential, Further promote the AGV (automated guided vehicle) business by strengthening customization capabilities., Expand sales of “Ichimō Dajin (一望打塵),” an autonomous cleaning robot completed in August 2024 through external collaboration., Expand the processing and assembly business by leveraging technologies developed through the web offset press business., Promote a transformation of the business structure by increasing the proportion of new businesses in the overall business mix., Enhance training with a focus on human capital management, review recruitment policies aimed at securing diverse talent, and revise internal systems that contribute to employee engagement., Continue considering entry into new businesses that utilize technologies derived from the web offset press business., (3) Shareholder returns, With respect to dividend policy, the Company aims to resume dividend payments as set out in its medium-term management plan. It currently plans to pay a year-end dividend for the fiscal year ending March 2027, but its dividend policy and dividend per share are under consideration., (4) Strengthening IR activities, The Company’s management holds regular dialogues with institutional investor shareholders that hold the Company’s shares over the medium to long term. |
| Risks identified | High earnings volatility in the web offset press business, Gradual decline in demand for the core web offset press business, New businesses have not yet reached a stage where they can demonstrate sufficient growth potential |
| Date of board resolution | 25 June 2026 |
| Publication date | 25 June 2026 |
Items this document does not state (15)
Progress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planReason for revision or withdrawalSize 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.ROE was adversely affected by the earnings volatility of the web offset press business, as well as extraordinary losses including litigation-related expenses, losses on the liquidation of subsidiaries and business-structure reform expenses. For PBR and PER, the Company cited the gradual decline in demand for web offset presses, insufficient growth potential in new businesses, the continuation of a no-dividend policy, and insufficient market recognition of its profitability, growth potential and shareholder returns.
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