Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
500
¥100 million (fiscal 2030 revenue target)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.2%
基準 2,026Target2,030million
Operating profit+0.2%
基準 2,026Target2,030million
Operating profit margin+4.0pt
基準 2,026Target2,030％
ROE+5.0pt
基準 2,025Target2,030％
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.
Total investment plan¥15 billion in growth investment over the 5-year planning period. Total funds generated over the 5-year period are expected to be ¥22 billion.
Investment amount by sectorField Growth investment (capital investment, R&D investment, investment in people, and strategic investment) / Amount ¥15 billion, Field Strategic investment (alliances and M&A) / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyStable dividends with a total payout ratio of at least 50% and DOE (dividend on equity) of at least 3.0%. Applicable period: the 5-year period of the Medium-Term Management Plan (2026–2030)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 policyIncludes flexible share repurchases aimed at achieving a total payout ratio of at least 50%. Amount, timing and conditions: Not disclosed
Cost of capitalCost of equity: 6.6%The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share priceAlthough the share price has risen, the PBR has remained below 1x. The PBR for fiscal 2025 was 0.57x. The company aims to achieve a PBR of at least 1x at an early stage.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Maintain and enhance the presence of existing businesses (equipment and components)
02Strengthen overseas operations
03Develop new markets and new business areas
04Strengthening the Management Platform
05Enhance corporate value (profitability and shareholder value)
06Strategic capital allocation (cash allocation)
07Enhance shareholder returns
Non-financial targetsIndicator name CO₂ emissions reductions from existing painting equipment / Target value 53% reduction (compared with fiscal 2013) / Timing 2030, Indicator name CO₂ emissions from painting equipment / Target value Net zero / Timing By 2050
Risks identified by the company
Changes in economic conditions
Changes in market trends
Changes in future initiatives and their feasibility for various other reasons
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan (2026–2030) |
| Plan period | 5-year period from fiscal 2026 through fiscal 2030 |
| Progress against the plan | Formulated |
| Sales Target | Fiscal 2025 actual: ¥38.9 billion; fiscal 2026 forecast: ¥40 billion → Fiscal 2030 target: ¥50 billion |
| Operating profit target | Fiscal 2025 actual: ¥3.1 billion; fiscal 2026 forecast: ¥2 billion → Fiscal 2030 target: ¥5 billion |
| Operating profit margin target | Fiscal 2025 actual: 8.2%; fiscal 2026 forecast: 5.0% → Fiscal 2030 target: 10.0% |
| ROE target | Fiscal 2025 actual: 8.0% → Fiscal 2030 target: at least 10% (to be achieved early) |
| Payout ratio / DOE policy | Stable dividends with a total payout ratio of at least 50% and DOE (dividend on equity) of at least 3.0%. Applicable period: the 5-year period of the Medium-Term Management Plan (2026–2030) |
| Treasury share acquisition policy | Includes flexible share repurchases aimed at achieving a total payout ratio of at least 50%. Amount, timing and conditions: Not disclosed |
| Cost of capital | Cost of equity: 6.6% |
| Self-assessment of PBR and share price | Although the share price has risen, the PBR has remained below 1x. The PBR for fiscal 2025 was 0.57x. The company aims to achieve a PBR of at least 1x at an early stage. |
| Total investment plan | ¥15 billion in growth investment over the 5-year planning period. Total funds generated over the 5-year period are expected to be ¥22 billion. |
| Investment amount by sector | Field Growth investment (capital investment, R&D investment, investment in people, and strategic investment) / Amount ¥15 billion, Field Strategic investment (alliances and M&A) / Amount Not disclosed |
| Non-financial targets | Indicator name CO₂ emissions reductions from existing painting equipment / Target value 53% reduction (compared with fiscal 2013) / Timing 2030, Indicator name CO₂ emissions from painting equipment / Target value Net zero / Timing By 2050 |
| Key initiatives | Maintain and enhance the presence of existing businesses (equipment and components), Strengthen overseas operations, Develop new markets and new business areas, Strengthening the Management Platform, Enhance corporate value (profitability and shareholder value), Strategic capital allocation (cash allocation), Enhance shareholder returns |
| Risks identified | Changes in economic conditions, Changes in market trends, Changes in future initiatives and their feasibility for various other reasons |
| Date of board resolution | 27 April 2026 |
| Publication date | 27 April 2026 |
Items this document does not state (7)
Net income targetROIC targetSegment targetPlan 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.Toward 2030, the company’s 50th anniversary, トリニティ工業 will seek to realize TRINITY VISION 2030 under the message “Toward an Earth-friendly future through technology” and remain a company that society and the planet need.
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.