Items stated in the management plan
Partially revisedEach 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. The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
The company determined that achieving the targets for the fiscal year ending March 2027 would be difficult. The urgent issue is a fundamental improvement in its earnings structure, and the company will first designate achieving positive operating income as its top-priority management metric.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan / Emergency Management Reform 2026 |
| Plan period | Medium-Term Management Plan: fiscal year ending March 2027 (final fiscal year); the starting fiscal year is not disclosed. The starting and final fiscal years for Emergency Management Reform 2026 are not disclosed. |
| Progress against the plan | Partially revised |
| Operating profit target | At least ¥2.5 billion → ¥200 million（Approximately 92% decrease） |
| ROE target | 7% or more → Temporarily withdrawn |
| Cost of capital | Cost of equity: approximately 5%–6% |
| Self-assessment of PBR and share price | PBR remains low at approximately 0.2 times, below 1 time |
| Key initiatives | Achieve positive operating income, Stabilize profitability through Emergency Management Reform 2026, Rebuild a strong earnings base |
| Results under the previous plan | Consolidated operating income of at least ¥2.5 billion and ROE of at least 7% for the fiscal year ending March 2027 → Operating loss of ¥1,400 million for the fiscal year ending March 2026 (earnings forecast); ROE forecast at negative 8.6% |
| Reason for revision or withdrawal | The company determined that achieving the targets for the fiscal year ending March 2027 would be difficult. The urgent issue is a fundamental improvement in its earnings structure, and the company will first designate achieving positive operating income as its top-priority management metric. |
| Date of board resolution | 30 March 2026 |
| Publication date | 30 March 2026 |
Items this document does not state (13)
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 determined that achieving the medium-term management plan targets for the fiscal year ending March 2027 would be difficult. The urgent issue is a fundamental improvement in its earnings structure. The company intends to stabilize profitability through Emergency Management Reform 2026 and work toward setting targets at an early stage.