Worth reading
54Recurring
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Improvement
Direction inferred from the company’s description.Scale
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Conditional
How definitive the wording is.Items stated in the management plan
FormulatedROE+0.5pt
基準 9.5Target10%
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What happened to the previous planNot disclosed → Fiscal 2025 results: revenue of ¥107.3 billion, operating profit of ¥10.8 billion, and net income of ¥8.6 billion
Total investment planGrowth investments of ¥33 billion or more (fiscal years 2026–2030)
Investment amount by sectorField Growth Investment / Amount ¥33 billion or more, Field R&D Investment / Amount Not disclosed, Field Human Capital Investment / Amount Not disclosed, Field Capital Expenditure / Amount Not disclosed, Field M&A / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyFor the five years from fiscal 2026 through fiscal 2030, the Company will target a payout ratio of 50% and continue its progressive dividend policy.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 policyTo be implemented flexibly.
Cost of capitalThe cost of equity is assumed to be approximately 7–9%.The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share pricePBR improved from 0.8x to 1.2x at the end of the final fiscal year of the 9th Medium-Term Management Plan, and reached 1.9x at the end of April 2026. The Company will continue working to improve its earnings power (ROE) and investor expectations (PER).PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Market sales strategy
02Product Strategy
03Production Strategy
04Establishment of the Future Creation Center
05SANUPS: Strengthen sales in the semiconductor manufacturing equipment and overseas markets
06SANMOTION: Expand the semiconductor manufacturing equipment market and acquire new customers
07Full-scale development of production technology engineering services
08Enhance delivery capabilities
09Enhance quality capabilities
10Globalization
Plan assumptionsA global AI-related investment cycle worth several hundred trillion yen is emerging, Accelerating infrastructure investment for AI and data centers and expansion of the cooling market, Growth in global semiconductor demand, Increasing electricity demand and advances in energy-saving and energy-transition technologies, A shift in supply chains toward Japan and ASEAN
Non-financial targetsIndicator Scope 1 and 2 CO2 emissions / Target value 46% reduction / Timing FY2030, Indicator Scope 1 and 2 CO2 emissions / Target value Achieve carbon neutrality / Timing FY2050, Indicator Eco-products sales ratio under Scope 3 / Target value 80％ / Timing FY2030
Size of the Target MarketThe global AI-related investment cycle is worth several hundred trillion yen. Source: Not disclosed.
Risks identified by the company
Persistently high energy prices due to the situation in the Middle East
Instability in logistics networks
Instability in resource supplies due to US-China tensions (rare earth issues)
Risk of a slowdown in China
Stagnation in domestic demand in Japan
Decline in Japan’s working-age population
Shortage of engineers
Obsolescence of know-how
Economic conditions in Japan and overseas
Demand trends for products and services
Trends in foreign exchange and equity markets
| Item | Details |
|---|---|
| Plan name | 10th Medium-Term Management Plan: "Turning Time into Strength" |
| Plan period | Fiscal years 2026–2030 (as stated in the materials: April 2026 to March 2031, five years) |
| Progress against the plan | Formulated |
| ROE target | 9.5 % → 10 or more |
| Payout ratio / DOE policy | For the five years from fiscal 2026 through fiscal 2030, the Company will target a payout ratio of 50% and continue its progressive dividend policy. |
| Treasury share acquisition policy | To be implemented flexibly. |
| Cost of capital | The cost of equity is assumed to be approximately 7–9%. |
| Self-assessment of PBR and share price | PBR improved from 0.8x to 1.2x at the end of the final fiscal year of the 9th Medium-Term Management Plan, and reached 1.9x at the end of April 2026. The Company will continue working to improve its earnings power (ROE) and investor expectations (PER). |
| Total investment plan | Growth investments of ¥33 billion or more (fiscal years 2026–2030) |
| Investment amount by sector | Field Growth Investment / Amount ¥33 billion or more, Field R&D Investment / Amount Not disclosed, Field Human Capital Investment / Amount Not disclosed, Field Capital Expenditure / Amount Not disclosed, Field M&A / Amount Not disclosed |
| Non-financial targets | Indicator Scope 1 and 2 CO2 emissions / Target value 46% reduction / Timing FY2030, Indicator Scope 1 and 2 CO2 emissions / Target value Achieve carbon neutrality / Timing FY2050, Indicator Eco-products sales ratio under Scope 3 / Target value 80％ / Timing FY2030 |
| Plan assumptions | A global AI-related investment cycle worth several hundred trillion yen is emerging, Accelerating infrastructure investment for AI and data centers and expansion of the cooling market, Growth in global semiconductor demand, Increasing electricity demand and advances in energy-saving and energy-transition technologies, A shift in supply chains toward Japan and ASEAN |
| Key initiatives | Market sales strategy, Product Strategy, Production Strategy, Establishment of the Future Creation Center, SANUPS: Strengthen sales in the semiconductor manufacturing equipment and overseas markets, SANMOTION: Expand the semiconductor manufacturing equipment market and acquire new customers, Full-scale development of production technology engineering services, Enhance delivery capabilities, Enhance quality capabilities, Globalization |
| Results under the previous plan | Not disclosed → Fiscal 2025 results: revenue of ¥107.3 billion, operating profit of ¥10.8 billion, and net income of ¥8.6 billion |
| Size of the Target Market | The global AI-related investment cycle is worth several hundred trillion yen. Source: Not disclosed. |
| Risks identified | Persistently high energy prices due to the situation in the Middle East, Instability in logistics networks, Instability in resource supplies due to US-China tensions (rare earth issues), Risk of a slowdown in China, Stagnation in domestic demand in Japan, Decline in Japan’s working-age population, Shortage of engineers, Obsolescence of know-how, Economic conditions in Japan and overseas, Demand trends for products and services, Trends in foreign exchange and equity markets |
| Publication date | 20 May 2026 |
Items this document does not state (8)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetSegment targetReason for revision or withdrawalDate 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 Company aims to capture growth opportunities, including increased AI investment, growth in the semiconductor and data center markets, and the shift of supply chains toward Japan and ASEAN, while addressing uncertainties such as conflicts over energy, resource procurement issues, and instability in logistics networks. It seeks to turn time into a source of competitiveness and achieve sustained growth in corporate value.
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