Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
21.8
¥100 million (increase in operating income from fiscal 2025 actual results)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.1%
基準 2,025Target2,028100 million
Operating profit+0.1%
基準 2,025Target2,028100 million
Operating profit margin+3.0pt
基準 2,025Target2,028％
ROE+10.0pt
基準 2,025Target2,035％
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).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
What happened to the previous planOperating profit ¥5.6 billion / Consolidated operating margin on sales 8.8％ / Consolidated revenue ¥63.5 billion / ROE 6.4％ / CO2 emissions reduction rate 25％ → Operating profit ¥2.82 billion / Consolidated operating margin on sales 4.5％ / Consolidated revenue ¥62.98 billion / ROE 3.6％ / CO2 emissions reduction rate 28.8％
Investment amount by sectorField Growth investment / Amount Approximately ¥15 billion / Breakdown Research facilities and equipment, New Headquarters Building, M&A, AI, SaaS promotion, Human resources development, etc., Field Maintenance investment / Amount ¥2 billion
Statements about the use of capital
Payout ratio / DOE policyDuring the Ninth Medium-Term Management Plan period, the Company will set annual dividends per share of ¥130 as the minimum and target a consolidated dividend payout ratio of at least 35%. DOE 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.
Treasury share acquisition policyAs part of an agile capital policy and shareholder returns that respond to changes in the operating environment, the Company will flexibly repurchase its own shares. Under its cash allocation policy, the Company will consider agile share repurchases. The repurchase limit and timing are Not disclosed.
Key initiatives
01Strategic theme 1: Maximize profitability through market-specific strategies
02Review the allocation of resources by market
03Improve the efficiency of development functions
04Prioritize resource allocation to overseas operations
05Strategic theme 2: Develop new growth engines (strategic businesses)
06Domestic SaaS business (Pabbit, CareRings)
07Overseas SaaS business (AIPHONE Cloud Platform)
08Expand into adjacent businesses through proactive M&A and other initiatives
09Strategic theme 3: Increase value delivered through synergies from functional integration
10Strengthen cross-functional collaboration
11Develop and acquire global talent
12Achieve both higher productivity and stronger employee engagement
Plan assumptionsKey assumed exchange rates: US$1 = ¥158, THB1 = ¥5.0, €1 = ¥184, Raw material prices are assumed based on a general inflation rate
Non-financial targetsIndicator name CO2 emissions reduction rate (Scope 1 and 2, fiscal 2020 baseline) / Target value 35% reduction / Timing FY2028, Indicator name CO2 emissions (Scope 1 and 2) / Target value 2,524.8 t-CO2 (50% reduction from fiscal 2020) / Timing FY2030, Indicator name CO2 emissions (Scope 1 and 2) / Target value 0.0 t-CO2 (100% reduction from fiscal 2020, net-zero CO2 emissions) / Timing FY2050
Risks identified by the company
Regulations in each country
Additional tariffs
Yen depreciation
Rising raw material costs
Economic slowdown in European markets
Higher manufacturing costs due to yen depreciation and soaring semiconductor memory prices
Competition from low-priced products in the European market
Declining profitability due to tariff policies
Soaring component prices
EOL support
Reason for revision or withdrawal
The announcement had been deferred because the impact of rising component prices resulting from the situation in the Middle East and other factors made it difficult to prepare a reasonable earnings forecast, but an earnings forecast could be prepared by establishing certain assumptions.
| Item | Details |
|---|---|
| Plan name | Ninth Medium-Term Management Plan AIPHONE Vision 2028 80th |
| Plan period | Fiscal years 2026-2028 |
| Progress against the plan | Formulated |
| Sales Target | ¥62.98 billion (fiscal 2025 actual results) → ¥70 billion (fiscal 2028 plan) |
| Operating profit target | ¥2.82 billion (fiscal 2025 actual results) → ¥5 billion (fiscal 2028 plan) |
| Operating profit margin target | 4.5% (fiscal 2025 actual results) → 7.1% (fiscal 2028 plan) |
| ROE target | 3.6% (fiscal 2025 actual results) → 5.2% (fiscal 2028 plan). The long-term target is at least 10% in 2035 |
| Payout ratio / DOE policy | During the Ninth Medium-Term Management Plan period, the Company will set annual dividends per share of ¥130 as the minimum and target a consolidated dividend payout ratio of at least 35%. DOE is Not disclosed. |
| Treasury share acquisition policy | As part of an agile capital policy and shareholder returns that respond to changes in the operating environment, the Company will flexibly repurchase its own shares. Under its cash allocation policy, the Company will consider agile share repurchases. The repurchase limit and timing are Not disclosed. |
| Investment amount by sector | Field Growth investment / Amount Approximately ¥15 billion / Breakdown Research facilities and equipment, New Headquarters Building, M&A, AI, SaaS promotion, Human resources development, etc., Field Maintenance investment / Amount ¥2 billion |
| Non-financial targets | Indicator name CO2 emissions reduction rate (Scope 1 and 2, fiscal 2020 baseline) / Target value 35% reduction / Timing FY2028, Indicator name CO2 emissions (Scope 1 and 2) / Target value 2,524.8 t-CO2 (50% reduction from fiscal 2020) / Timing FY2030, Indicator name CO2 emissions (Scope 1 and 2) / Target value 0.0 t-CO2 (100% reduction from fiscal 2020, net-zero CO2 emissions) / Timing FY2050 |
| Plan assumptions | Key assumed exchange rates: US$1 = ¥158, THB1 = ¥5.0, €1 = ¥184, Raw material prices are assumed based on a general inflation rate |
| Key initiatives | Strategic theme 1: Maximize profitability through market-specific strategies, Review the allocation of resources by market, Improve the efficiency of development functions, Prioritize resource allocation to overseas operations, Strategic theme 2: Develop new growth engines (strategic businesses), Domestic SaaS business (Pabbit, CareRings), Overseas SaaS business (AIPHONE Cloud Platform), Expand into adjacent businesses through proactive M&A and other initiatives, Strategic theme 3: Increase value delivered through synergies from functional integration, Strengthen cross-functional collaboration, Develop and acquire global talent, Achieve both higher productivity and stronger employee engagement |
| Results under the previous plan | Operating profit ¥5.6 billion / Consolidated operating margin on sales 8.8％ / Consolidated revenue ¥63.5 billion / ROE 6.4％ / CO2 emissions reduction rate 25％ → Operating profit ¥2.82 billion / Consolidated operating margin on sales 4.5％ / Consolidated revenue ¥62.98 billion / ROE 3.6％ / CO2 emissions reduction rate 28.8％ |
| Reason for revision or withdrawal | The announcement had been deferred because the impact of rising component prices resulting from the situation in the Middle East and other factors made it difficult to prepare a reasonable earnings forecast, but an earnings forecast could be prepared by establishing certain assumptions. |
| Risks identified | Regulations in each country, Additional tariffs, Yen depreciation, Rising raw material costs, Economic slowdown in European markets, Higher manufacturing costs due to yen depreciation and soaring semiconductor memory prices, Competition from low-priced products in the European market, Declining profitability due to tariff policies, Soaring component prices, EOL support |
| Publication date | 10 November 2026 |
Items this document does not state (8)
Net income targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planSegment targetSize of the Target MarketDate 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.Although rising component prices resulting from the situation in the Middle East and other factors made it difficult to prepare a reasonable earnings forecast, a review of the business environment found that an earnings forecast could be prepared by establishing certain assumptions.
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.