Worth reading
60In 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
5
¥100 million (increase in the operating profit target from the previous plan)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedOperating profit+16.7%
基準 3Target3.5Hundreds of millions of yen
Operating profit margin+1.0pt
基準 11Target12％
ROE-2,016.0pt
基準 2,025Target9％
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 planPrevious medium-term management plan targets: orders of ¥27 billion, overseas order ratio of 20%, operating profit of ¥3.0 billion, operating margin of 11%, ROE of 9% and payout ratio of 30% → Fiscal 2023-2025 actuals: orders of ¥29.3 billion / ¥26.7 billion / ¥26.9 billion, overseas order ratio of 20.1% / 18.5% / 12.5%, operating profit of ¥2.2 billion / ¥3.2 billion / ¥3.4 billion, operating margin of 9.5% / 11.5% / 12.4%, ROE of 7.0% / 9.0% / 8.9%, payout ratio of 30.9% / 30.3% / 33.3%-6,850.0%Calculated from the two disclosed figures
Investment amount by sectorField Growth Investment / Amount Not disclosed, Field Maintenance and replacement investments / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyThe payout ratio will be maintained stably at 30% or higher (fiscal 2026-2028). DOE: Not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Self-assessment of PBR and share priceThe company presents PBR as a component of improving corporate value, but its assessment that PBR or the share price is at a low level is Not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Strengthen the profitability of existing business areas
02Expansion of New Business Areas
03Improve productivity through the optimal use of management resources
04Improve operational efficiency by strengthening the DX infrastructure
05Expand human capital management to enhance human capital capabilities
06Advance ESG management to enhance corporate value
Plan assumptionsThe earnings forecasts, plans and projections in this document are based on information available as of the announcement date and assumptions concerning uncertain factors that may affect future results., Actual results may differ materially depending on factors including industry and market conditions, interest rates, and currency exchange-rate fluctuations.
Segment targetSegment New business areas (hydrogen, ammonia, small-scale hydropower, etc.) / Indicator Orders received / Target ¥1.1 billion / Timing FY2030, Segment Overseas Operations / Indicator Orders / percentage / Target ¥7.8 billion / 27% / Timing FY2030
Non-financial targetsIndicator Greenhouse Gas Emissions / Target 46% reduction (from fiscal 2013) / Timing FY2030, Indicator Customer Satisfaction / Target 90％ / Timing FY2030, Indicator Employee turnover rate / Target 3% or lower / Timing FY2030, Indicator Human capital investment / Target Monitoring indicator / Timing FY2030, Indicator Percentage of female hires / Target At least 20% / Timing FY2030, Indicator Percentage of women at section-chief level / Target 15% or higher / Timing FY2030, Indicator Number of foreign employees / Target Monitoring indicator / Timing FY2030, Indicator Occupational accident frequency rate and severity rate / Target 0 for both / Timing FY2030, Indicator Compliance training completion rate / Target 100％ / Timing FY2030, Indicator Sustainable procurement ratio / Target 100％ / Timing FY2030
Risks identified by the company
Industry and market conditions
Interest Rates
Currency and foreign exchange fluctuations
General domestic and international economic conditions
| Item | Details |
|---|---|
| Plan name | DMW Medium-Term Management Plan 2028 “Powering Passion 2.0” “Turning that passion into power.” |
| Plan period | 3 years from fiscal 2026 (2026-2028) |
| Progress against the plan | Formulated |
| Operating profit target | Previous medium-term management plan target: ¥3.0 billion → ¥3.5 billion（+16.7%） |
| Operating profit margin target | Previous medium-term management plan target: 11% → 12％（+9.1%） |
| ROE target | Previous medium-term management plan target: 9% (fiscal 2025 actual: 8.9%) → 9％（0%） |
| Payout ratio / DOE policy | The payout ratio will be maintained stably at 30% or higher (fiscal 2026-2028). DOE: Not disclosed. |
| Self-assessment of PBR and share price | The company presents PBR as a component of improving corporate value, but its assessment that PBR or the share price is at a low level is Not disclosed. |
| Investment amount by sector | Field Growth Investment / Amount Not disclosed, Field Maintenance and replacement investments / Amount Not disclosed |
| Segment target | Segment New business areas (hydrogen, ammonia, small-scale hydropower, etc.) / Indicator Orders received / Target ¥1.1 billion / Timing FY2030, Segment Overseas Operations / Indicator Orders / percentage / Target ¥7.8 billion / 27% / Timing FY2030 |
| Non-financial targets | Indicator Greenhouse Gas Emissions / Target 46% reduction (from fiscal 2013) / Timing FY2030, Indicator Customer Satisfaction / Target 90％ / Timing FY2030, Indicator Employee turnover rate / Target 3% or lower / Timing FY2030, Indicator Human capital investment / Target Monitoring indicator / Timing FY2030, Indicator Percentage of female hires / Target At least 20% / Timing FY2030, Indicator Percentage of women at section-chief level / Target 15% or higher / Timing FY2030, Indicator Number of foreign employees / Target Monitoring indicator / Timing FY2030, Indicator Occupational accident frequency rate and severity rate / Target 0 for both / Timing FY2030, Indicator Compliance training completion rate / Target 100％ / Timing FY2030, Indicator Sustainable procurement ratio / Target 100％ / Timing FY2030 |
| Plan assumptions | The earnings forecasts, plans and projections in this document are based on information available as of the announcement date and assumptions concerning uncertain factors that may affect future results., Actual results may differ materially depending on factors including industry and market conditions, interest rates, and currency exchange-rate fluctuations. |
| Key initiatives | Strengthen the profitability of existing business areas, Expansion of New Business Areas, Improve productivity through the optimal use of management resources, Improve operational efficiency by strengthening the DX infrastructure, Expand human capital management to enhance human capital capabilities, Advance ESG management to enhance corporate value |
| Results under the previous plan | Previous medium-term management plan targets: orders of ¥27 billion, overseas order ratio of 20%, operating profit of ¥3.0 billion, operating margin of 11%, ROE of 9% and payout ratio of 30% → Fiscal 2023-2025 actuals: orders of ¥29.3 billion / ¥26.7 billion / ¥26.9 billion, overseas order ratio of 20.1% / 18.5% / 12.5%, operating profit of ¥2.2 billion / ¥3.2 billion / ¥3.4 billion, operating margin of 9.5% / 11.5% / 12.4%, ROE of 7.0% / 9.0% / 8.9%, payout ratio of 30.9% / 30.3% / 33.3% |
| Risks identified | Industry and market conditions, Interest Rates, Currency and foreign exchange fluctuations, General domestic and international economic conditions |
| Publication date | 15 May 2026 |
Items this document does not state (9)
Sales TargetNet income targetROIC targetTreasury share acquisition policyCost of capitalTotal investment planReason for revision or withdrawalSize 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.To respond to changes in the external environment, including changes in social conditions and industrial structures and the uncertain market environment, and to strengthen the company’s corporate structure for sustainable growth. In addition, building on the results of the previous medium-term management plan, the company aims to evolve into the “solution leader that addresses customer challenges worldwide through fluid machinery,” its long-term objective.
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.