Worth reading
67In 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
3300
¥100 million (fiscal 2030 business profit target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedOperating profit margin+2.0pt
基準 8Target10%
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).
Net SalesNot disclosed → More than ¥3.3 trillion
Operating profitNot disclosed → More than ¥330 billion
Only the target level is shown because the current level for comparison was not provided.Total investment planApproximately ¥1.3 trillion (four years from fiscal 2027 to fiscal 2030)
Investment amount by sectorField Growth Investment / Amount ¥550.0 billion, Field Recurring investments / Amount ¥550.0 billion, Field Investment using equity financing / Amount ¥200 billion
Statements about the use of capital
Payout ratio / DOE policyShareholder returns: ¥200 billion (cash allocation for fiscal 2027–fiscal 2030)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 core businesses
02Investment in medium- to long-term growth areas
03Advancement of AI technology
04Coordination between manned and unmanned aircraft
05Autonomous cooperative systems
06Integrated education and training systems
07KJ Engine
08Mass production and manufacturing
09Certification Framework
10Security
Plan assumptionsExpected fiscal 2026 revenue of ¥2.56 trillion and business profit of ¥180 billion, Fiscal 2026 business profit margin of 8%, Fiscal 2030 business profit margin of more than 10%, Net debt-to-equity ratio of approximately 50% as a guideline
Segment targetSegment Defense business / Sales target Approximately ¥700–800 billion in fiscal 2030, Segment Defense business / Sales target More than ¥1 trillion in the mid-2030s, Segment Defense business / Profit Target Business profit margin of more than 10% from fiscal 2027 onward
Size of the Target MarketDefense budget: approximately ¥43.5 trillion (current plan, fiscal 2023–fiscal 2027) and approximately ¥58 trillion (next plan, fiscal 2027–fiscal 2031). Source: Not disclosed.
Risks identified by the company
Escalation of tensions in the Middle East
Rising Energy Prices
Abnormal weather worldwide
Rapid adoption of AI and unmanned aircraft
Deepening military cooperation among neighboring countries
Neighboring countries expanding into the Pacific region
Changes in the security policies of allied countries
Economic policies concerning tariffs and resources
Reason for revision or withdrawal
The business environment surrounding the company’s operations has changed significantly and become increasingly complex over the six years since the three focus fields for Group Vision 2030 were established in 2020. The company aims to further accelerate business growth by capitalizing on changes in the external environment.
| Item | Details |
|---|---|
| Plan name | Group Vision 2030 |
| Plan period | Fiscal 2020 to fiscal 2030 |
| Progress against the plan | Partially revised |
| Sales Target | Not disclosed → More than ¥3.3 trillion |
| Operating profit target | Not disclosed → More than ¥330 billion |
| Operating profit margin target | 8% → More than 10% |
| Payout ratio / DOE policy | Shareholder returns: ¥200 billion (cash allocation for fiscal 2027–fiscal 2030) |
| Total investment plan | Approximately ¥1.3 trillion (four years from fiscal 2027 to fiscal 2030) |
| Investment amount by sector | Field Growth Investment / Amount ¥550.0 billion, Field Recurring investments / Amount ¥550.0 billion, Field Investment using equity financing / Amount ¥200 billion |
| Segment target | Segment Defense business / Sales target Approximately ¥700–800 billion in fiscal 2030, Segment Defense business / Sales target More than ¥1 trillion in the mid-2030s, Segment Defense business / Profit Target Business profit margin of more than 10% from fiscal 2027 onward |
| Plan assumptions | Expected fiscal 2026 revenue of ¥2.56 trillion and business profit of ¥180 billion, Fiscal 2026 business profit margin of 8%, Fiscal 2030 business profit margin of more than 10%, Net debt-to-equity ratio of approximately 50% as a guideline |
| Key initiatives | Strengthening core businesses, Investment in medium- to long-term growth areas, Advancement of AI technology, Coordination between manned and unmanned aircraft, Autonomous cooperative systems, Integrated education and training systems, KJ Engine, Mass production and manufacturing, Certification Framework, Security |
| Reason for revision or withdrawal | The business environment surrounding the company’s operations has changed significantly and become increasingly complex over the six years since the three focus fields for Group Vision 2030 were established in 2020. The company aims to further accelerate business growth by capitalizing on changes in the external environment. |
| Size of the Target Market | Defense budget: approximately ¥43.5 trillion (current plan, fiscal 2023–fiscal 2027) and approximately ¥58 trillion (next plan, fiscal 2027–fiscal 2031). Source: Not disclosed. |
| Risks identified | Escalation of tensions in the Middle East, Rising Energy Prices, Abnormal weather worldwide, Rapid adoption of AI and unmanned aircraft, Deepening military cooperation among neighboring countries, Neighboring countries expanding into the Pacific region, Changes in the security policies of allied countries, Economic policies concerning tariffs and resources |
| Publication date | 6 October 2026 |
Items this document does not state (9)
Net income targetROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceNon-financial targetsResults under the previous planDate 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.The business environment has changed significantly, including heightened tensions in the Middle East, the growing importance of security and defense, rising energy prices, the emergence of AI and increasing electricity demand accompanying the expansion of AI and data centers. The company also conducted approximately ¥200 billion in equity financing to accelerate growth by capitalizing on changes in the external environment.
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.