Worth reading
64In 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
3000
¥ million (increase in the FY2026 consolidated net sales target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+10.0%
基準 30,000Target33,000million
Operating profit+46.0%
基準 5,000Target7,300million (consolidated ordinary income)
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. The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
ROENot disclosed → At least 10%
Only the target level is shown because the current level for comparison was not provided.What happened to the previous plan¥28,100 million (FY2025 consolidated net sales, FY2025 forecast versus actual) → ¥29,366 million (FY2025 consolidated net sales, FY2025 forecast versus actual)（Approximately 4.5%）+4.5%Calculated from the two disclosed figures
Total investment plan¥14,882 million (estimated cumulative capital investment for FY2024-FY2026)
Investment amount by sectorField Capital investment (cumulative for FY2024-FY2026) / Amount ¥14,882 million, Field Amagasaki Plant / Amount Approximately ¥12.5 billion
Statements about the use of capital
Payout ratio / DOE policyThe policy is to pay stable, continuous dividends in line with profits. The period covered is FY2024-FY2026. Numerical targets for the payout ratio and DOE have not been disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01More aggressive capital investment
02Expand sales of high-value-added products in Japan and overseas, primarily for advanced semiconductors
03Strengthen production capacity and streamline production
04Construction of a new Amagasaki Plant
05Memory segment
06Logic segment
07DX investment
08Human resources investment
09Sustainability
Plan assumptions2025 semiconductor market: more than ¥100 trillion; probe card market: approximately ¥470 billion, 2030 semiconductor market: more than ¥150 trillion; probe card market: more than ¥700 billion, The 2030 market forecast converts US dollars into Japanese yen and may increase or decrease depending on exchange rate movements.
Size of the Target Market2025: semiconductor market of more than ¥100 trillion and probe card market of approximately ¥470 billion. 2030: semiconductor market of more than ¥150 trillion (previous forecast: more than ¥100 trillion) and probe card market of more than ¥700 billion (previous forecast: more than ¥500 billion). Source: Based on the Company's forecasts using multiple data sources.
Risks identified by the company
Developments in U.S. trade policy
Geopolitical risks, including the situation in the Middle East
Foreign Exchange Volatility
Reason for revision or withdrawal
Against the backdrop of expected further market expansion and increasingly strong demand for probe cards for memory applications, as well as more aggressive capital investments and efforts to expand sales of high-value-added products in Japan and overseas, primarily for advanced semiconductors
| Item | Details |
|---|---|
| Plan name | JEM Group FY2024-FY2026 Medium-Term Management Plan |
| Plan period | FY2024-FY2026 |
| Progress against the plan | Partially revised |
| Sales Target | ¥30,000 million → ¥33,000 million（10.0%） |
| Operating profit target | ¥5,000 million (consolidated ordinary income) → ¥7,300 million (consolidated ordinary income)（46.0%） |
| ROE target | Not disclosed → At least 10% |
| Payout ratio / DOE policy | The policy is to pay stable, continuous dividends in line with profits. The period covered is FY2024-FY2026. Numerical targets for the payout ratio and DOE have not been disclosed. |
| Total investment plan | ¥14,882 million (estimated cumulative capital investment for FY2024-FY2026) |
| Investment amount by sector | Field Capital investment (cumulative for FY2024-FY2026) / Amount ¥14,882 million, Field Amagasaki Plant / Amount Approximately ¥12.5 billion |
| Plan assumptions | 2025 semiconductor market: more than ¥100 trillion; probe card market: approximately ¥470 billion, 2030 semiconductor market: more than ¥150 trillion; probe card market: more than ¥700 billion, The 2030 market forecast converts US dollars into Japanese yen and may increase or decrease depending on exchange rate movements. |
| Key initiatives | More aggressive capital investment, Expand sales of high-value-added products in Japan and overseas, primarily for advanced semiconductors, Strengthen production capacity and streamline production, Construction of a new Amagasaki Plant, Memory segment, Logic segment, DX investment, Human resources investment, Sustainability |
| Results under the previous plan | ¥28,100 million (FY2025 consolidated net sales, FY2025 forecast versus actual) → ¥29,366 million (FY2025 consolidated net sales, FY2025 forecast versus actual)（Approximately 4.5%） |
| Reason for revision or withdrawal | Against the backdrop of expected further market expansion and increasingly strong demand for probe cards for memory applications, as well as more aggressive capital investments and efforts to expand sales of high-value-added products in Japan and overseas, primarily for advanced semiconductors |
| Size of the Target Market | 2025: semiconductor market of more than ¥100 trillion and probe card market of approximately ¥470 billion. 2030: semiconductor market of more than ¥150 trillion (previous forecast: more than ¥100 trillion) and probe card market of more than ¥700 billion (previous forecast: more than ¥500 billion). Source: Based on the Company's forecasts using multiple data sources. |
| Risks identified | Developments in U.S. trade policy, Geopolitical risks, including the situation in the Middle East, Foreign Exchange Volatility |
| Publication date | 14 May 2026 |
Items this document does not state (9)
Operating profit margin targetNet income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceSegment targetNon-financial targetsDate 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 make more aggressive capital investments in response to expected further market expansion and increasingly strong demand for probe cards for memory applications, and to expand sales of high-value-added products in Japan and overseas, primarily for advanced semiconductors.
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.