Worth reading
70In 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
480
¥100 million (revenue target for the fiscal year ending May 2030)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.2%
基準 2,026Target2,030Hundreds of millions of yen
Operating profit+0.2%
基準 2,026Target2,030Hundreds of millions of yen
Operating profit margin+4.0pt
基準 2,026Target2,030%
ROE+4.0pt
基準 2,026Target2,030%
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.
What happened to the previous planFY2026 target: revenue of ¥40.0 billion, operating margin of 5%, and ROE of 8% → FY2026 actual: revenue of ¥40.4 billion, operating margin of 7.7%, and ROE of 10.3%0.0%Calculated from the two disclosed figures
Total investment plan¥15.0–17.0 billion (calculated from growth investments of ¥13.0–15.0 billion and maintenance and renewal investments of ¥2.0 billion; the total amount has not been disclosed)
Investment amount by sectorField Growth Investment / Amount ¥13.0–15.0 billion, Field R&D investment / Amount ¥5-6 billion, Field Human Capital Investment / Amount ¥3 billion, Field DX and IT-related investments / Amount ¥2 billion, Field Capital investment (production capacity expansion) / Amount ¥3.0–4.0 billion, Field Maintenance and replacement investments / Amount ¥2 billion
Statements about the use of capital
Payout ratio / DOE policyFrom the fiscal year ending May 2027, the lower limits for the payout ratio and shareholder equity DOE will be 40% and 3.0%, respectively, and an interim dividend will be paid.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 policyThe company will conduct share buybacks flexibly. The buyback limit, specific timing and conditions have not been disclosed.
Self-assessment of PBR and share priceThe current PBR is 0.65x, and the PBR has remained below 1x.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Creation of new businesses and products
02Strategic overseas expansion
03Sales Transformation
04Continuous improvement of earnings capacity
05Optimization of Held Assets
06Balance sheet improvement through working capital reduction
07Optimization of cash allocation
08Advancing structural reforms from a group-wide perspective
09Strengthening the strategic relationship and collaboration with JR East
Plan assumptionsPopulation decline, population concentration in the Tokyo metropolitan area, and declining vitality in regional areas, The chronic labor shortage and increasing labor mobility, Advancing inflation and the transition to a world of positive interest rates, Economic bloc formation resulting from heightened tensions and instability in international affairs, Emerging geopolitical risks in supply chains, Increasingly severe natural disasters and an irreversible imperative to decarbonize
Segment targetSegment Transportation / Sales Target ¥33 billion / Profit Target Not disclosed, Segment Industry / Sales Target ¥15 billion / Profit Target Not disclosed
Risks identified by the company
Declining domestic population and declining vitality in regional areas
The chronic labor shortage
Advancing inflation and the transition to a world of positive interest rates
Economic bloc formation resulting from heightened tensions and instability in international affairs
Concerns regarding the stability and continuity of procurement due to high dependence on small and micro enterprises
Geopolitical risks in supply chains
Increasingly severe natural disasters
An irreversible imperative to decarbonize
PBR below 1x
Reason for revision or withdrawal
While “transformation” and “growth” remained ongoing challenges under the previous plan, the company aims to make a leap toward becoming a sustainable corporate group that continues to meet the expectations of all stakeholders to a high standard.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan “Sustainable 2030: Challenges in Transformation and Accelerating Growth” |
| Plan period | Fiscal year ending May 2027 to fiscal year ending May 2030 (4 years) |
| Progress against the plan | Formulated |
| Sales Target | FY2026 actual: 40.48 billion → FY2030 target: 48.0 billion（+18.6%） |
| Operating profit target | FY2026 actual: 3.11 billion → FY2030 target: 4.30 billion（+38.3%） |
| Operating profit margin target | FY2026 actual: 7.7% → FY2030 target: 9.0%（+16.9%） |
| ROE target | FY2026 actual: 10.3% → FY2030 target: 10.0%（-2.9%） |
| Payout ratio / DOE policy | From the fiscal year ending May 2027, the lower limits for the payout ratio and shareholder equity DOE will be 40% and 3.0%, respectively, and an interim dividend will be paid. |
| Treasury share acquisition policy | The company will conduct share buybacks flexibly. The buyback limit, specific timing and conditions have not been disclosed. |
| Self-assessment of PBR and share price | The current PBR is 0.65x, and the PBR has remained below 1x. |
| Total investment plan | ¥15.0–17.0 billion (calculated from growth investments of ¥13.0–15.0 billion and maintenance and renewal investments of ¥2.0 billion; the total amount has not been disclosed) |
| Investment amount by sector | Field Growth Investment / Amount ¥13.0–15.0 billion, Field R&D investment / Amount ¥5-6 billion, Field Human Capital Investment / Amount ¥3 billion, Field DX and IT-related investments / Amount ¥2 billion, Field Capital investment (production capacity expansion) / Amount ¥3.0–4.0 billion, Field Maintenance and replacement investments / Amount ¥2 billion |
| Segment target | Segment Transportation / Sales Target ¥33 billion / Profit Target Not disclosed, Segment Industry / Sales Target ¥15 billion / Profit Target Not disclosed |
| Plan assumptions | Population decline, population concentration in the Tokyo metropolitan area, and declining vitality in regional areas, The chronic labor shortage and increasing labor mobility, Advancing inflation and the transition to a world of positive interest rates, Economic bloc formation resulting from heightened tensions and instability in international affairs, Emerging geopolitical risks in supply chains, Increasingly severe natural disasters and an irreversible imperative to decarbonize |
| Key initiatives | Creation of new businesses and products, Strategic overseas expansion, Sales Transformation, Continuous improvement of earnings capacity, Optimization of Held Assets, Balance sheet improvement through working capital reduction, Optimization of cash allocation, Advancing structural reforms from a group-wide perspective, Strengthening the strategic relationship and collaboration with JR East |
| Results under the previous plan | FY2026 target: revenue of ¥40.0 billion, operating margin of 5%, and ROE of 8% → FY2026 actual: revenue of ¥40.4 billion, operating margin of 7.7%, and ROE of 10.3% |
| Reason for revision or withdrawal | While “transformation” and “growth” remained ongoing challenges under the previous plan, the company aims to make a leap toward becoming a sustainable corporate group that continues to meet the expectations of all stakeholders to a high standard. |
| Risks identified | Declining domestic population and declining vitality in regional areas, The chronic labor shortage, Advancing inflation and the transition to a world of positive interest rates, Economic bloc formation resulting from heightened tensions and instability in international affairs, Concerns regarding the stability and continuity of procurement due to high dependence on small and micro enterprises, Geopolitical risks in supply chains, Increasingly severe natural disasters, An irreversible imperative to decarbonize, PBR below 1x |
| Publication date | 15 July 2026 |
Items this document does not state (6)
Net income targetROIC targetCost of capitalNon-financial targetsSize 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.While the previous plan made progress in restoring corporate value, “transformation” and “growth” remained ongoing challenges. The aim is to make a leap toward becoming a sustainable corporate group that continues to meet the expectations of all stakeholders.
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.