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
330
¥100 million (final-year net sales target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales-98.4%
基準 2,026Target33Hundreds of millions of yen
Operating profit margin-2,016.0pt
基準 2,026Target10％
ROE-2,016.0pt
基準 2,026Target10％
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 planNet sales: ¥30.5 billion (revised downward from the initial target of ¥36.0 billion); operating margin: 10.0%; ROE: 10.0% → Net sales: ¥30.8 billion; operating margin: 8.8%; ROE: 7.4%-14.4%Calculated from the two disclosed figures
Key initiatives
01Advancing sales capabilities and product offerings
02Advancing production capabilities
03Strengthening the management foundation from a sustainability perspective
04Maintaining and strengthening the domestic sales foundation
05Developing high-value-added products that meet market needs
06Expanding into new overseas markets and deepening relationships with existing customers
07Pursuing a highly efficient production system and strengthening the stable supply system
08Pursuing safety, security and quality
09Developing products with a focus on environmental considerations and ease of use
10Promoting production activities that reduce environmental impact
11Promoting Human Capital Management
12Participating in and contributing to local communities
13Building a highly transparent and sound management structure
14Enhancement of the Risk Management Framework
Plan assumptionsFluctuations in exchange rates and interest rates, Rising prices of raw materials and other items, Weakness in the Chinese economy, Declining population in Japan, Natural Disasters, SDGs, DX, Geopolitical risk, Decline in the number of new housing starts, Expansion of the renovation market, Increase in vacant homes, Government measures supporting home purchases
Risks identified by the company
Fluctuations in exchange rates and interest rates
Rising prices of raw materials and other items
Weakness in the Chinese economy
Declining population in Japan
Natural Disasters
Geopolitical risk
Decline in the number of new housing starts
Increase in vacant homes
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan for the fiscal years ending March 2027 through March 2029 (also described as the "2026–2028 Medium-Term Management Plan" on the plan page in the materials) |
| Plan period | Fiscal years ending March 2027 through March 2029 (the materials also refer to fiscal years 2026–2028) |
| Progress against the plan | Formulated |
| Sales Target | ¥30.8 billion (actual for the fiscal year ended March 2026) → ¥33.0 billion (final-year target) |
| Operating profit margin target | 8.8% (actual for the fiscal year ending March 2026) → 10% (final-year target) |
| ROE target | 7.4% (actual for the fiscal year ended March 2026) → 10% (final-year target) |
| Plan assumptions | Fluctuations in exchange rates and interest rates, Rising prices of raw materials and other items, Weakness in the Chinese economy, Declining population in Japan, Natural Disasters, SDGs, DX, Geopolitical risk, Decline in the number of new housing starts, Expansion of the renovation market, Increase in vacant homes, Government measures supporting home purchases |
| Key initiatives | Advancing sales capabilities and product offerings, Advancing production capabilities, Strengthening the management foundation from a sustainability perspective, Maintaining and strengthening the domestic sales foundation, Developing high-value-added products that meet market needs, Expanding into new overseas markets and deepening relationships with existing customers, Pursuing a highly efficient production system and strengthening the stable supply system, Pursuing safety, security and quality, Developing products with a focus on environmental considerations and ease of use, Promoting production activities that reduce environmental impact, Promoting Human Capital Management, Participating in and contributing to local communities, Building a highly transparent and sound management structure, Enhancement of the Risk Management Framework |
| Results under the previous plan | Net sales: ¥30.5 billion (revised downward from the initial target of ¥36.0 billion); operating margin: 10.0%; ROE: 10.0% → Net sales: ¥30.8 billion; operating margin: 8.8%; ROE: 7.4% |
| Risks identified | Fluctuations in exchange rates and interest rates, Rising prices of raw materials and other items, Weakness in the Chinese economy, Declining population in Japan, Natural Disasters, Geopolitical risk, Decline in the number of new housing starts, Increase in vacant homes |
| Publication date | 24 June 2026 |
Items this document does not state (14)
Operating profit targetNet income targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsReason 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.The new plan aims to "steadily build a robust business foundation and achieve sustainable growth and enhanced corporate value." The shortfall against the previous medium-term management plan is attributed to higher costs resulting from surging raw material prices and increased supplier costs, as well as lower overseas sales due to a greater-than-expected downturn in market conditions in China.
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.