Worth reading
41Recurring
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
20
Increase in the minimum consolidated payout ratio (percentage points)Wording
Definitive
How definitive the wording is.Items stated in the management plan
FormulatedNet SalesNot disclosed → ¥42,000 million (CAGR in %)（10% (CAGR from fiscal 2025 to fiscal 2028)）
Operating profitNot disclosed → ¥4,100 million
Operating profit marginNot disclosed → 10 ％
Net income for the current fiscal yearNot disclosed → ¥2,900 million
ROENot disclosed → 8 ％
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Payout ratio / DOE policyConsolidated payout ratio of 50% or higher (going forward). The previous policy was based on a consolidated payout ratio of 30% or higher, while also taking the dividend-on-equity ratio into consideration.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Expansion of Existing Businesses
02Build new earnings foundations
03Business Portfolio Transformation
04Disciplined capital allocation
05Human resources strategy and enhancement of human capital
06Advance sustainability management
Segment targetSegment name Overseas Commercial Business / Indicator Revenue mix / Target value 38% (fiscal 2028) / Comparison value 15% (fiscal 2025)
Reason for revision or withdrawal
The plan has been updated based on progress in business performance and changes in the business environment since the previous plan, while maintaining the basic policies of the long-term vision set out in that plan, “Our Ideal Position in 2032.” The dividend policy has been changed to further enhance returns to shareholders as we pursue business growth.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan “JCM Global Vision 2032—Next Growth Stage—” |
| Plan period | Fiscal 2026 through fiscal 2028 (fiscal years ending March 2027 through March 2029) |
| Progress against the plan | Formulated |
| Sales Target | Not disclosed → ¥42,000 million (CAGR in %)（10% (CAGR from fiscal 2025 to fiscal 2028)） |
| Operating profit target | Not disclosed → ¥4,100 million |
| Operating profit margin target | Not disclosed → 10 ％ |
| Net income target | Not disclosed → ¥2,900 million |
| ROE target | Not disclosed → 8 ％ |
| Payout ratio / DOE policy | Consolidated payout ratio of 50% or higher (going forward). The previous policy was based on a consolidated payout ratio of 30% or higher, while also taking the dividend-on-equity ratio into consideration. |
| Segment target | Segment name Overseas Commercial Business / Indicator Revenue mix / Target value 38% (fiscal 2028) / Comparison value 15% (fiscal 2025) |
| Key initiatives | Expansion of Existing Businesses, Build new earnings foundations, Business Portfolio Transformation, Disciplined capital allocation, Human resources strategy and enhancement of human capital, Advance sustainability management |
| Reason for revision or withdrawal | The plan has been updated based on progress in business performance and changes in the business environment since the previous plan, while maintaining the basic policies of the long-term vision set out in that plan, “Our Ideal Position in 2032.” The dividend policy has been changed to further enhance returns to shareholders as we pursue business growth. |
| Publication date | 21 May 2026 |
Items this document does not state (12)
ROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorNon-financial targetsPlan assumptionsResults under the previous planSize of the Target MarketRisks identifiedDate 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.The plan has been updated based on progress in business performance and changes in the business environment since the previous plan, while maintaining its basic policies. The dividend policy will be changed to further enhance returns to shareholders as we pursue business 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.