Worth reading
27Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
15
Percentage points relative to forecast revenueWording
Definitive
How definitive the wording is.Items stated in the management plan
Partially revisedInvestment amount by sectorField Capital investment, including office expansion / Amount Not disclosed, Field Strategic investment to strengthen and expand existing businesses (M&A to acquire capabilities) / Amount Not disclosed, Field Capital transactions, including JVs, to provide comprehensive support to key customers / Amount Not disclosed, Field Establishing a structure to provide local support overseas for leading Japanese companies / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyA 40% payout ratio on an IFRS basis will be used as a benchmark. No change. The applicable period is not specified.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 policyUsing cash in excess of business operating funds, the company will conduct share buybacks during the current fiscal year or around the disclosure of year-end results, taking into account investment opportunities and share price levels and based on the earnings forecast and expected year-end results.
Key initiatives
01Future growth investment
02Capital investment, including office expansion
03Strategic investment to strengthen and expand existing businesses (M&A to acquire capabilities)
04Capital transactions, including JVs, to provide comprehensive support to key customers
05Establishing a structure to provide local support overseas for leading Japanese companies
06Share buyback
Reason for revision or withdrawal
Growth investment opportunities, including M&A, capital transactions with major customers, and establishing a structure to support the overseas expansion of leading Japanese companies, are difficult to predict in terms of both scale and timing. Retaining a fixed percentage in advance meant holding more cash than actual investment needs required, which presented an issue in terms of capital efficiency.
| Item | Details |
|---|---|
| Plan name | Capital allocation policy |
| Progress against the plan | Partially revised |
| Payout ratio / DOE policy | A 40% payout ratio on an IFRS basis will be used as a benchmark. No change. The applicable period is not specified. |
| Treasury share acquisition policy | Using cash in excess of business operating funds, the company will conduct share buybacks during the current fiscal year or around the disclosure of year-end results, taking into account investment opportunities and share price levels and based on the earnings forecast and expected year-end results. |
| Investment amount by sector | Field Capital investment, including office expansion / Amount Not disclosed, Field Strategic investment to strengthen and expand existing businesses (M&A to acquire capabilities) / Amount Not disclosed, Field Capital transactions, including JVs, to provide comprehensive support to key customers / Amount Not disclosed, Field Establishing a structure to provide local support overseas for leading Japanese companies / Amount Not disclosed |
| Key initiatives | Future growth investment, Capital investment, including office expansion, Strategic investment to strengthen and expand existing businesses (M&A to acquire capabilities), Capital transactions, including JVs, to provide comprehensive support to key customers, Establishing a structure to provide local support overseas for leading Japanese companies, Share buyback |
| Reason for revision or withdrawal | Growth investment opportunities, including M&A, capital transactions with major customers, and establishing a structure to support the overseas expansion of leading Japanese companies, are difficult to predict in terms of both scale and timing. Retaining a fixed percentage in advance meant holding more cash than actual investment needs required, which presented an issue in terms of capital efficiency. |
| Date of board resolution | 15 October 2026 |
| Publication date | 15 October 2026 |
Items this document does not state (16)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planSegment targetNon-financial targetsPlan assumptionsResults under the previous planSize of the Target MarketRisks identified
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.Growth investment opportunities, including M&A, capital transactions with major customers, and establishing a structure to support the overseas expansion of leading Japanese companies, are difficult to predict in terms of both scale and timing. Retaining a fixed percentage in advance meant holding more cash than actual investment needs required, which presented an issue in terms of capital efficiency.
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.