Worth reading
43Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedROE+2,017.0pt
基準 8Target2,025％
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).
Operating profit90 (FY2027 target under the current medium-term business plan) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous plan90 (FY2027 target) → 77 (FY2025 actual), 80 (FY2026 forecast)-0.0%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyFurther enhancement is under consideration from the current dividend payout ratio of 50% and DOE of 4%. Period covered: Not disclosedThe payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Based on a thorough analysis of the current situation, review measures to further improve growth and profitability, and aim for profit growth exceeding that of the existing medium-term business plan
02In addition to growth investment, we are considering further expanding current shareholder-return levels, such as a 50% payout ratio and 4% DOE.
03Establish a framework for continuously evaluating strategic options
04Expertise in strategy formulation and business plan development, including a re-examination of the current business plan
05Optimize capital policy from the shareholder’s perspective
06Deep expertise in capital markets and corporate finance
07M&A execution expertise and networks
Plan assumptionsThe average annual growth rate of the automotive speaker market from 2020 to 2025 was approximately 10% on a volume basis. Source: Company estimates.
Size of the Target MarketAverage annual growth rate of the automotive speaker market from 2020 to 2025: approximately 10% on a volume basis. Market share: 25-30% on a volume basis. Source: Company estimates.
Reason for revision or withdrawal
The Company shared the management issues identified by アクシウム, including improving profitability, enhancing capital efficiency, and moving away from a net cash position, and reached a common understanding on the need to accelerate further growth in corporate value. The Company also intends to actively incorporate into its management the advanced expertise and capital markets perspective held by アクシウム.
| Item | Details |
|---|---|
| Plan name | New Medium-Term Business Plan (project name: “North Star”) |
| Progress against the plan | Formulated |
| Operating profit target | 90 (FY2027 target under the current medium-term business plan) → Not disclosed |
| ROE target | 8% (target under the current medium-term business plan) → 7.7% (FY2025 actual) |
| Payout ratio / DOE policy | Further enhancement is under consideration from the current dividend payout ratio of 50% and DOE of 4%. Period covered: Not disclosed |
| Plan assumptions | The average annual growth rate of the automotive speaker market from 2020 to 2025 was approximately 10% on a volume basis. Source: Company estimates. |
| Key initiatives | Based on a thorough analysis of the current situation, review measures to further improve growth and profitability, and aim for profit growth exceeding that of the existing medium-term business plan, In addition to growth investment, we are considering further expanding current shareholder-return levels, such as a 50% payout ratio and 4% DOE., Establish a framework for continuously evaluating strategic options, Expertise in strategy formulation and business plan development, including a re-examination of the current business plan, Optimize capital policy from the shareholder’s perspective, Deep expertise in capital markets and corporate finance, M&A execution expertise and networks |
| Results under the previous plan | 90 (FY2027 target) → 77 (FY2025 actual), 80 (FY2026 forecast) |
| Reason for revision or withdrawal | The Company shared the management issues identified by アクシウム, including improving profitability, enhancing capital efficiency, and moving away from a net cash position, and reached a common understanding on the need to accelerate further growth in corporate value. The Company also intends to actively incorporate into its management the advanced expertise and capital markets perspective held by アクシウム. |
| Size of the Target Market | Average annual growth rate of the automotive speaker market from 2020 to 2025: approximately 10% on a volume basis. Market share: 25-30% on a volume basis. Source: Company estimates. |
| Publication date | 30 July 2026 |
Items this document does not state (14)
Plan periodSales TargetOperating profit margin targetNet income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsRisks 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 address management issues such as improving profitability, enhancing capital efficiency, and moving away from a net cash position through collaboration with major shareholder アクシウム, while incorporating アクシウム’s expertise and capital markets perspective to accelerate the enhancement of corporate and shareholder value.
How to read this page
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