Worth reading
47Recurring
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
135
Hundreds of millions of yenWording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.1%
基準 2,025Target2,028Hundreds of millions of yen
Operating profit+0.1%
基準 2,025Target2,028Hundreds of millions of yen
Net income for the current fiscal year+0.1%
基準 2,025Target2,028Hundreds of millions of yen
ROE+3.0pt
基準 2,025Target2,028%
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 planNot disclosed → FY2022 actual: net sales 171.0, operating profit 6.6, net income 6.1, ROE 7.9%; FY2023 actual: net sales 143.2, operating profit 4.0, net income 1.2, ROE 1.4%; FY2024 actual: net sales 95.9, operating loss -17.4, net loss -17.0, ROE -; FY2025 actual: net sales 102.2, operating loss -17.3, net loss -16.4, ROE -
Statements about the use of capital
Payout ratio / DOE policyThe Company will seek to restore profitability during the medium-term management plan period and resume dividend payments at an early stage. Numerical targets: not 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
01Strengthening Sales Capabilities
02Strengthen technological capabilities and production capacity
03Expand business opportunities in priority fields
04Expand the product lineup in priority fields
05Transform marketing and sales channels
06Strengthen the production system to ensure a stable supply of strategic products
07Develop new markets among new and existing customers
08Continue releasing new products
09Proactively pursue consultative sales through collaboration between technology and sales
10Strengthen capabilities to address overseas safety standards, environmental regulations and other requirements
11Improve the variable cost ratio
12Reduce fixed costs
13Strengthen management controls
14Enhance cost management
15Transform organizational operations / human capital
Plan assumptions(USD 1 = ¥150)
Risks identified by the company
Potential risks and uncertainties
Actual results and other outcomes may differ due to various factors
| Item | Details |
|---|---|
| Plan name | 12th Medium-Term Management Plan |
| Plan period | 3-year period from April 2026 to March 2029 |
| Progress against the plan | Formulated |
| Sales Target | FY2025 actual: 102.2 → FY2028: 135.0 |
| Operating profit target | FY2025 actual: -17.3 → FY2028: 4.7 |
| Net income target | FY2025 actual: -16.4 → FY2028: 3.7 |
| ROE target | FY2025 actual: - → FY2028: 5.8% |
| Payout ratio / DOE policy | The Company will seek to restore profitability during the medium-term management plan period and resume dividend payments at an early stage. Numerical targets: not disclosed. |
| Plan assumptions | (USD 1 = ¥150) |
| Key initiatives | Strengthening Sales Capabilities, Strengthen technological capabilities and production capacity, Expand business opportunities in priority fields, Expand the product lineup in priority fields, Transform marketing and sales channels, Strengthen the production system to ensure a stable supply of strategic products, Develop new markets among new and existing customers, Continue releasing new products, Proactively pursue consultative sales through collaboration between technology and sales, Strengthen capabilities to address overseas safety standards, environmental regulations and other requirements, Improve the variable cost ratio, Reduce fixed costs, Strengthen management controls, Enhance cost management, Transform organizational operations / human capital |
| Results under the previous plan | Not disclosed → FY2022 actual: net sales 171.0, operating profit 6.6, net income 6.1, ROE 7.9%; FY2023 actual: net sales 143.2, operating profit 4.0, net income 1.2, ROE 1.4%; FY2024 actual: net sales 95.9, operating loss -17.4, net loss -17.0, ROE -; FY2025 actual: net sales 102.2, operating loss -17.3, net loss -16.4, ROE - |
| Risks identified | Potential risks and uncertainties, Actual results and other outcomes may differ due to various factors |
| Publication date | 14 May 2026 |
Items this document does not state (12)
Operating profit margin targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsReason for revision or withdrawalSize 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.To accelerate structural reform through higher sales and improved profitability centered on capacitor products and noise and surge protection products, with the aim of becoming a partner for noise and surge protection and building a robust management foundation.
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.