Worth reading
39Recurring
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
7.3
Consolidated ROE (%)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedROE+2,016.0pt
基準 10Target2,026％
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).
What happened to the previous planConsolidated ROE of 10% or higher → 7.3% (actual for the fiscal year ending March 2026)+20,160.0%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyWhile using a payout ratio of 30–40% as a guideline, the Company will also take the dividend on equity (DOE) into account, with the aim of raising and stabilizing dividend levels. Period covered: 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 priceConsolidated PBR for the fiscal year ending March 2026 was 0.84x, improving from 0.71x in the previous fiscal year, but it remains below 1x. The Company recognizes that market views of fluctuations in business performance remain cautious and that expectations for medium- to long-term growth have not yet been sufficiently raised.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Against the backdrop of advanced and specialized vacuum technology, establish fields outside the quartz and optical device sectors that can generate a certain level of recurring revenue.
02Participate from the early stages of next-generation product development by quartz and optical device manufacturers, including by responding to customer requests for validation testing and sample production, and secure orders for production equipment when the products are commercialized.
03Work jointly with universities and other research and development institutions on the development of promising elemental technologies for the future.
04While using a payout ratio of 30–40% as a guideline, also take the dividend on equity (DOE) into account, with the aim of raising and stabilizing dividend levels.
05Proactive disclosure of information, including non-financial information
06Enhance two-way communication through individual meetings and other initiatives
07Increase awareness of the Company and promote understanding of its business activities by enhancing its corporate website and strengthening advertising and promotional activities
Risks identified by the company
Impact of capital investment trends among major customers
Impact of market conditions
Cautious market views of fluctuations in business performance
Reason for revision or withdrawal
Because the Group's business performance is susceptible to trends in capital investment by major customers and market conditions, market views of fluctuations in business performance remain cautious, and expectations for medium- to long-term growth have not yet been sufficiently raised.
| Item | Details |
|---|---|
| Plan name | Update on Initiatives to Achieve Management Conscious of Capital Costs and Share Prices |
| Progress against the plan | Partially revised |
| ROE target | 10% or higher (target) → 7.3% (actual for the fiscal year ending March 2026) |
| Payout ratio / DOE policy | While using a payout ratio of 30–40% as a guideline, the Company will also take the dividend on equity (DOE) into account, with the aim of raising and stabilizing dividend levels. Period covered: Not disclosed. |
| Self-assessment of PBR and share price | Consolidated PBR for the fiscal year ending March 2026 was 0.84x, improving from 0.71x in the previous fiscal year, but it remains below 1x. The Company recognizes that market views of fluctuations in business performance remain cautious and that expectations for medium- to long-term growth have not yet been sufficiently raised. |
| Key initiatives | Against the backdrop of advanced and specialized vacuum technology, establish fields outside the quartz and optical device sectors that can generate a certain level of recurring revenue., Participate from the early stages of next-generation product development by quartz and optical device manufacturers, including by responding to customer requests for validation testing and sample production, and secure orders for production equipment when the products are commercialized., Work jointly with universities and other research and development institutions on the development of promising elemental technologies for the future., While using a payout ratio of 30–40% as a guideline, also take the dividend on equity (DOE) into account, with the aim of raising and stabilizing dividend levels., Proactive disclosure of information, including non-financial information, Enhance two-way communication through individual meetings and other initiatives, Increase awareness of the Company and promote understanding of its business activities by enhancing its corporate website and strengthening advertising and promotional activities |
| Results under the previous plan | Consolidated ROE of 10% or higher → 7.3% (actual for the fiscal year ending March 2026) |
| Reason for revision or withdrawal | Because the Group's business performance is susceptible to trends in capital investment by major customers and market conditions, market views of fluctuations in business performance remain cautious, and expectations for medium- to long-term growth have not yet been sufficiently raised. |
| Risks identified | Impact of capital investment trends among major customers, Impact of market conditions, Cautious market views of fluctuations in business performance |
| Date of board resolution | 15 June 2026 |
| Publication date | 15 June 2026 |
Items this document does not state (14)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsSize 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.The Company attributes the improvement in ROE to initiatives including securing orders, improving production efficiency and reducing costs. Regarding the background to PBR remaining below 1x, the Company cites the Group's susceptibility to trends in capital investment by major customers and market conditions, cautious market views of fluctuations in business performance, and the fact that it has not yet sufficiently raised expectations for medium- to long-term growth.
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.