Worth reading
30Immaterial
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedROE0.0pt
基準 8Target8%
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).
What happened to the previous planROE 8％ → Exceeded the 8% target for 2 consecutive fiscal years (actual figure not disclosed)0.0%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyDividends increased for 4 consecutive fiscal years. Numerical targets and the target period for the dividend payout ratio and DOE were not disclosedThe payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalGenerally in the 1% to 3% rangeThe cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share priceAlthough PBR has improved, it has remained below 1x. The share price has risen, but the company stated that it needs to further increase awareness among shareholders and investors. The target is a PBR of at least 1x.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Improving Profitability
02Promoting growth investments
03Increase in revenue
04Improving the earnings power of existing businesses
05New Product Development
06Capital strategy
07Enhance shareholder returns
08Enhancing IR activities
09Enhance information disclosure
10Increasing awareness and acquiring new shareholders
11Sustainability Management
12ESGP strategy
13Enhancement of the Risk Management Framework
14Sustainability Promotion
| Item | Details |
|---|---|
| Plan name | Update on Initiatives to Achieve Management Conscious of Capital Costs and Share Prices |
| Progress against the plan | Partially revised |
| ROE target | Latest results: exceeded the 8% target for 2 consecutive fiscal years (actual figure not disclosed) → At least 8% |
| Payout ratio / DOE policy | Dividends increased for 4 consecutive fiscal years. Numerical targets and the target period for the dividend payout ratio and DOE were not disclosed |
| Cost of capital | Generally in the 1% to 3% range |
| Self-assessment of PBR and share price | Although PBR has improved, it has remained below 1x. The share price has risen, but the company stated that it needs to further increase awareness among shareholders and investors. The target is a PBR of at least 1x. |
| Key initiatives | Improving Profitability, Promoting growth investments, Increase in revenue, Improving the earnings power of existing businesses, New Product Development, Capital strategy, Enhance shareholder returns, Enhancing IR activities, Enhance information disclosure, Increasing awareness and acquiring new shareholders, Sustainability Management, ESGP strategy, Enhancement of the Risk Management Framework, Sustainability Promotion |
| Results under the previous plan | ROE 8％ → Exceeded the 8% target for 2 consecutive fiscal years (actual figure not disclosed) |
| Publication date | 12 June 2026 |
Items this document does not state (16)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetTreasury share acquisition policyTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsReason for revision or withdrawalSize of the Target MarketRisks identifiedDate 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.To enhance corporate value and achieve a PBR of at least 1x. Specifically, the company plans to improve earnings power, implement a capital strategy, enhance IR activities, and pursue sustainability management.
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.