Worth reading
41Recurring
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
7
¥100 million (FY2028 operating profit target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedOperating profitNot disclosed → At least ¥700 million (FY2028)
ROENot disclosed → At least 5% (FY2028)
Only the target level is shown because the current level for comparison was not provided.Total investment plan¥6,600 million
Investment amount by sectorField Capital Expenditure / Amount ¥4,200 million, Field R&D investment / Amount ¥1,500 million, Field Human Capital Investment / Amount ¥900 million
Statements about the use of capital
Payout ratio / DOE policyTarget payout ratio of 40%; annual dividend floor of ¥60. Applicable period: 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
01Pursuit of a circular business model
02Advancement of the value creation process
03Optimizing the Business Portfolio
04Promoting Human Capital Management
05Strengthening vision management
06DX Strategy
07Alliance Strategy
08Financial and capital strategy
09Cash Allocation
10Shareholder-return policy
Plan assumptionsDifficulties in procuring raw materials, including tungsten materials due to China's export restrictions, soaring raw material prices and rising labor costs.
Non-financial targetsIndicator name Engagement score (vs. FY2025) / Target value ＋6％ / Timing 2028, Indicator name Value added per unit of scarce resource use (vs. FY2025) / Target value ＋10％ / Timing 2028, Indicator name Operating profit mix of core and growth businesses (vs. FY2025) / Target value ＋10％ / Timing 2028, Indicator name Operating profit mix of new products created by 2028 / Target value 10％ / Timing By 2028
Risks identified by the company
Difficulty procuring raw materials, including tungsten materials, due to China's export restrictions
Surging Raw Material Prices
Rising labor costs
Price volatility and supply risks for scarce resources due to geopolitical factors
Risks and uncertainties included in forward-looking projections
Changes in earnings outlook due to internal factors or changes in the business environment
| Item | Details |
|---|---|
| Plan name | 日本タングステン Group 2028 Medium-Term Management Plan |
| Plan period | 3-year period from FY2026 through FY2028 |
| Progress against the plan | Formulated |
| Operating profit target | Not disclosed → At least ¥700 million (FY2028) |
| ROE target | Not disclosed → At least 5% (FY2028) |
| Payout ratio / DOE policy | Target payout ratio of 40%; annual dividend floor of ¥60. Applicable period: Not disclosed. |
| Total investment plan | ¥6,600 million |
| Investment amount by sector | Field Capital Expenditure / Amount ¥4,200 million, Field R&D investment / Amount ¥1,500 million, Field Human Capital Investment / Amount ¥900 million |
| Non-financial targets | Indicator name Engagement score (vs. FY2025) / Target value ＋6％ / Timing 2028, Indicator name Value added per unit of scarce resource use (vs. FY2025) / Target value ＋10％ / Timing 2028, Indicator name Operating profit mix of core and growth businesses (vs. FY2025) / Target value ＋10％ / Timing 2028, Indicator name Operating profit mix of new products created by 2028 / Target value 10％ / Timing By 2028 |
| Plan assumptions | Difficulties in procuring raw materials, including tungsten materials due to China's export restrictions, soaring raw material prices and rising labor costs. |
| Key initiatives | Pursuit of a circular business model, Advancement of the value creation process, Optimizing the Business Portfolio, Promoting Human Capital Management, Strengthening vision management, DX Strategy, Alliance Strategy, Financial and capital strategy, Cash Allocation, Shareholder-return policy |
| Risks identified | Difficulty procuring raw materials, including tungsten materials, due to China's export restrictions, Surging Raw Material Prices, Rising labor costs, Price volatility and supply risks for scarce resources due to geopolitical factors, Risks and uncertainties included in forward-looking projections, Changes in earnings outlook due to internal factors or changes in the business environment |
| Publication date | 14 May 2026 |
Items this document does not state (12)
Sales TargetOperating profit margin targetNet income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceSegment targetResults under the previous planReason 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.As the business environment becomes increasingly challenging due to difficulties in procuring raw materials, soaring prices, rising labor costs and other factors, the Company aims to overcome these circumstances, enhance corporate value and achieve sustainable growth. Regarding shareholder returns, the Company aims to enhance stable and sustainable shareholder returns.
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.