Worth reading
38Recurring
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
100
¥100 million (final-year operating profit target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedOperating profitNot disclosed → ¥100 hundred million
Net income for the current fiscal yearNot disclosed → ¥55 hundred million
ROENot disclosed → 8 ％
Only the target level is shown because the current level for comparison was not provided.ROIC targetNot disclosed → ROIC exceeding the cost of capital (WACC)ROIC is the percentage of profit generated from money invested in the business, including borrowings.
Investment amount by sectorField Development Investment / Amount Not disclosed, Field Capital Expenditure / Amount Not disclosed, Field DX investment / Amount Not disclosed, Field M&A investment / Amount Not disclosed, Field Investment in people / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyNumerical targets for the dividend payout ratio and DOE are Not disclosed. The basic policy is to provide stable and continuous dividends, with an annual dividend of ¥20 per share as the floor.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Back to Basics (strengthening the foundation of earning power)
02Challenge for New (expanding growth opportunities)
03Establishment of a new R&D site in India
04Expansion of the US plant
05Investment in people
Plan assumptionsOperating cash flow as the primary source of funds, Ensure financial soundness by reducing interest-bearing debt, Assume improved profitability and financial condition
| Item | Details |
|---|---|
| Plan name | 16th Medium-Term Management Plan |
| Plan period | April 2026 to March 2029 |
| Progress against the plan | Formulated |
| Operating profit target | Not disclosed → ¥100 hundred million |
| Net income target | Not disclosed → ¥55 hundred million |
| ROE target | Not disclosed → 8 ％ |
| ROIC target | Not disclosed → ROIC exceeding the cost of capital (WACC) |
| Payout ratio / DOE policy | Numerical targets for the dividend payout ratio and DOE are Not disclosed. The basic policy is to provide stable and continuous dividends, with an annual dividend of ¥20 per share as the floor. |
| Investment amount by sector | Field Development Investment / Amount Not disclosed, Field Capital Expenditure / Amount Not disclosed, Field DX investment / Amount Not disclosed, Field M&A investment / Amount Not disclosed, Field Investment in people / Amount Not disclosed |
| Plan assumptions | Operating cash flow as the primary source of funds, Ensure financial soundness by reducing interest-bearing debt, Assume improved profitability and financial condition |
| Key initiatives | Back to Basics (strengthening the foundation of earning power), Challenge for New (expanding growth opportunities), Establishment of a new R&D site in India, Expansion of the US plant, Investment in people |
| Publication date | 5 November 2026 |
Items this document does not state (13)
Sales TargetOperating profit margin targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planSegment targetNon-financial targetsResults under the previous planReason for revision or withdrawalSize of the Target MarketRisks 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 strengthen the foundation of earning power and maximize profitability and capital efficiency, while expanding growth opportunities and achieving the creation of new value and sustainable growth.
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.