Worth reading
29Immaterial
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
130
¥ per share (minimum annual dividend)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedStatements about the use of capital
Payout ratio / DOE policyDuring the Ninth Medium-Term Management Plan period, covering the fiscal years ending March 2027 through March 2029, the annual dividend will have a floor of ¥130 per share, with a target consolidated payout ratio of 35% or more. The ordinary basic policy is to target a consolidated payout ratio of approximately 35%, with an annual basic dividend of ¥50 per share as a guideline.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Reason for revision or withdrawal
To respond to the continued support of shareholders and provide greater returns of profits.
| Item | Details |
|---|---|
| Plan name | Ninth Medium-Term Management Plan |
| Plan period | Fiscal years ending March 2027 to March 2029 |
| Progress against the plan | Formulated |
| Payout ratio / DOE policy | During the Ninth Medium-Term Management Plan period, covering the fiscal years ending March 2027 through March 2029, the annual dividend will have a floor of ¥130 per share, with a target consolidated payout ratio of 35% or more. The ordinary basic policy is to target a consolidated payout ratio of approximately 35%, with an annual basic dividend of ¥50 per share as a guideline. |
| Reason for revision or withdrawal | To respond to the continued support of shareholders and provide greater returns of profits. |
| Date of board resolution | 10 November 2026 |
| Publication date | 10 November 2026 |
Items this document does not state (18)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsKey initiativesResults 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.To respond to the continued support of shareholders and provide greater returns of profits. The policy also takes into account the continuation of stable dividends from a long-term perspective, the strengthening of the management base, and the earnings outlook.
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.