Worth reading
43Recurring
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
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Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateOperating profit marginNot disclosed → 8％
ROENot disclosed → At least 8%
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Payout ratio / DOE policyThe Company aims to resume dividend payments at an early stage while considering the balance with retained earnings. It will strive to achieve stable and continuous dividend payments. The applicable period is Not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalEstimated cost of equity: approximately 10%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 has remained above 1x. PBR in the 38th fiscal year was 3.5x, and the closing share price was ¥723.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Steadily execute the growth strategy for the precision substrate inspection equipment business
02Actively invest in human capital and strengthen organizational capabilities to support sustainable growth
03Prioritize development investments necessary for the business strategy while taking into account the balance with retained earnings.
04Aim to resume dividend payments at an early stage and strive to achieve stable and continuous dividend payments
05Actively disclose information, including non-financial information
06Actively participate in seminars and other events for individual investors
07Hold regular briefings for institutional investors, including 1-on-1 meetings
Plan assumptionsAgainst a backdrop of advancing AI technology, the semiconductor market is expected to continue growing. The Company views accelerating technological innovation, particularly in AI semiconductors, and the increasing functionality of semiconductor packaging as business opportunities. Numerical assumptions are Not disclosed.
Reason for revision or withdrawal
Update based on an assessment of the current situation. In the first year of the medium-term management plan, the fiscal year ending April 2026, revenue met the plan, while profit fell below plan.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Plan period | Fiscal years ending April 2026 to April 2028 |
| Progress against the plan | Annual update |
| Operating profit margin target | Not disclosed → 8％ |
| ROE target | Not disclosed → At least 8% |
| Payout ratio / DOE policy | The Company aims to resume dividend payments at an early stage while considering the balance with retained earnings. It will strive to achieve stable and continuous dividend payments. The applicable period is Not disclosed. |
| Cost of capital | Estimated cost of equity: approximately 10% |
| Self-assessment of PBR and share price | PBR has remained above 1x. PBR in the 38th fiscal year was 3.5x, and the closing share price was ¥723. |
| Plan assumptions | Against a backdrop of advancing AI technology, the semiconductor market is expected to continue growing. The Company views accelerating technological innovation, particularly in AI semiconductors, and the increasing functionality of semiconductor packaging as business opportunities. Numerical assumptions are Not disclosed. |
| Key initiatives | Steadily execute the growth strategy for the precision substrate inspection equipment business, Actively invest in human capital and strengthen organizational capabilities to support sustainable growth, Prioritize development investments necessary for the business strategy while taking into account the balance with retained earnings., Aim to resume dividend payments at an early stage and strive to achieve stable and continuous dividend payments, Actively disclose information, including non-financial information, Actively participate in seminars and other events for individual investors, Hold regular briefings for institutional investors, including 1-on-1 meetings |
| Reason for revision or withdrawal | Update based on an assessment of the current situation. In the first year of the medium-term management plan, the fiscal year ending April 2026, revenue met the plan, while profit fell below plan. |
| Date of board resolution | 17 July 2026 |
| Publication date | 17 July 2026 |
Items this document does not state (12)
Sales TargetOperating profit targetNet income targetROIC targetTreasury share acquisition policyTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults 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.The policy was updated based on an assessment of the current situation. In the first year of the medium-term management plan, the fiscal year ending April 2026, revenue met the plan, while profit fell below plan. Regarding the fact that ROE has not consistently exceeded the cost of equity in the past, the Company cites the impact of development investments in new businesses and business withdrawals, which resulted in net losses in the 36th and 37th fiscal years.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.