Worth reading
65In focus
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Displayed only when the document provides numerical figures.Wording
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How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+2.4%
基準 3,124Target3,200hundred million
Operating profit+5.9%
基準 170Target180hundred million
ROE+0.3pt
基準 9.7Target10%
ROIC+0.3pt
基準 6.7Target7%
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.
Total investment planUnder the [SG-2026] three-year plan, growth investments are ¥20–27 billion and investments to strengthen competitiveness are ¥20–30 billion, for a total of ¥40–57 billion. The outlook is for growth investments of ¥27 billion and investments to strengthen competitiveness of ¥43 billion, for a total of ¥70 billion.
Investment amount by sectorField Growth investment / Plan ¥20–27 billion / Outlook ¥27.0 billion, Field Investments to strengthen competitiveness / Plan ¥20–30 billion / Outlook ¥43 billion
Statements about the use of capital
Payout ratio / DOE policyDuring the period covered by [SG-2026], dividends will be paid with a target DOE of approximately 3%. The consolidated dividend payout ratio will be 40–50%.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalCost of capital is approximately 5%, and cost of equity is approximately 7%.The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share pricePBR of 1x or higher has been achieved. Further improvement requires higher ROE and PER. PBR was 1.22x for the fiscal year ended March 2026.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Accelerating overseas expansion
02Strategic M&A
03Promoting DX
04Creating new businesses
05Defense business
06Business portfolio management
07Embedding and advancing ROIC-based management
08Strengthening human capital
09Contributing to the environment and society through products and services
10Strengthening risk management and compliance
11Proactive growth investments (accelerating overseas expansion, strategic M&A and new business development)
12Investments to strengthen competitiveness (strengthening competitiveness, investing in IT infrastructure and intensifying facility upgrades)
13Strengthening IR/SR activities and enhancing information disclosure
Plan assumptionsExchange rates: ¥140 to US$1 (assumption used to set the [SG-2026] targets) and ¥150 to US$1 (assumption used for the forecast for the fiscal year ending March 2027).
Risks identified by the company
Business risks arising from climate change
Business risks arising from human rights issues
BCM/BCP measures
Information-security measures
Compliance
Reason for revision or withdrawal
The company analyzed and evaluated the current status and updated the content accordingly.
| Item | Details |
|---|---|
| Plan name | Long-Term Management Plan [SG-Vision2030] / Medium-Term Management Plan [SG-2026] |
| Plan period | [SG-Vision2030]: fiscal year ended March 2022 to fiscal year ending March 2031; [SG-2026]: fiscal year ended March 2025 to fiscal year ending March 2027 |
| Progress against the plan | Annual update |
| Sales Target | ¥3,124 hundred million → ¥3,200 hundred million（+2.4%） |
| Operating profit target | ¥170 hundred million → ¥180 hundred million（+5.9%） |
| ROE target | 9.7 % → 10% or higher |
| ROIC target | 6.7 % → At least 7% |
| Payout ratio / DOE policy | During the period covered by [SG-2026], dividends will be paid with a target DOE of approximately 3%. The consolidated dividend payout ratio will be 40–50%. |
| Cost of capital | Cost of capital is approximately 5%, and cost of equity is approximately 7%. |
| Self-assessment of PBR and share price | PBR of 1x or higher has been achieved. Further improvement requires higher ROE and PER. PBR was 1.22x for the fiscal year ended March 2026. |
| Total investment plan | Under the [SG-2026] three-year plan, growth investments are ¥20–27 billion and investments to strengthen competitiveness are ¥20–30 billion, for a total of ¥40–57 billion. The outlook is for growth investments of ¥27 billion and investments to strengthen competitiveness of ¥43 billion, for a total of ¥70 billion. |
| Investment amount by sector | Field Growth investment / Plan ¥20–27 billion / Outlook ¥27.0 billion, Field Investments to strengthen competitiveness / Plan ¥20–30 billion / Outlook ¥43 billion |
| Plan assumptions | Exchange rates: ¥140 to US$1 (assumption used to set the [SG-2026] targets) and ¥150 to US$1 (assumption used for the forecast for the fiscal year ending March 2027). |
| Key initiatives | Accelerating overseas expansion, Strategic M&A, Promoting DX, Creating new businesses, Defense business, Business portfolio management, Embedding and advancing ROIC-based management, Strengthening human capital, Contributing to the environment and society through products and services, Strengthening risk management and compliance, Proactive growth investments (accelerating overseas expansion, strategic M&A and new business development), Investments to strengthen competitiveness (strengthening competitiveness, investing in IT infrastructure and intensifying facility upgrades), Strengthening IR/SR activities and enhancing information disclosure |
| Reason for revision or withdrawal | The company analyzed and evaluated the current status and updated the content accordingly. |
| Risks identified | Business risks arising from climate change, Business risks arising from human rights issues, BCM/BCP measures, Information-security measures, Compliance |
| Date of board resolution | 25 June 2026 |
| Publication date | 25 June 2026 |
Items this document does not state (7)
Operating profit margin targetNet income targetTreasury share acquisition policySegment targetNon-financial targetsResults under the previous planSize of the Target Market
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.At the Board of Directors meeting held on 25 June 2026, the company analyzed and evaluated the current status of its initiatives to achieve management that is conscious of cost of capital and share price, and updated the content accordingly.
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