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How definitive the wording is.Items stated in the management plan
Annual updateNet SalesNot disclosed → ¥2,500 hundred million
Operating profit marginNot disclosed → Around 10%
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planRevenue: ¥134.0 billion; operating profit: ¥8.0 billion; net income: ¥3.5 billion; operating margin: 6.0%; ROE: 5.0% → Revenue: ¥142.0 billion; operating profit: ¥8.3 billion; net income: ¥4.3 billion; operating margin: 5.9%; ROE: 5.7%（Revenue: approximately 6.0%; operating profit: approximately 3.8%; net income: approximately 22.9%）+6.0%Calculated from the two disclosed figures
Investment amount by sectorField Capital investment, including IT investment / Amount ¥10.9 billion / Timing FY2025, Field Growth investments and other investments, including measures to meet demand for bearings for medium- and high-speed engines used in ships and data centers / Amount An additional ¥20 billion planned / Timing Fiscal 2026 and fiscal 2027
Statements about the use of capital
Payout ratio / DOE policyStable and consistent dividends to shareholders. Targeting a dividend payout ratio of at least 35% in fiscal 2027The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyAnnounced a policy on share buybacks. Conducted a share buyback in April 2026
Self-assessment of PBR and share pricePlans to improve earnings power and achieve an improvement in PBR compared with fiscal 2024 resultsPBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Maintain and expand a strong position in the highly competitive automotive sector
02Increase investment and accelerate technology development in areas with growth potential
03Strengthen the management foundation to enhance earnings power
04Human capital strategy, digital transformation and cultural reform supporting business strategy and structural reform
Plan assumptionsExchange rates: ¥156 to the U.S. dollar in fiscal 2025, ¥153 in fiscal 2026 and ¥151 for the plan target, Impact of U.S. tariff policy, inflation-related costs, automotive sales volumes, conditions in the Middle East and other factors, Achieve an operating margin of around 10% ahead of schedule by fiscal 2030
Segment targetSegment Powertrain Business / Net Sales ¥73.7 billion in fiscal 2026, Segment Marine and Energy Business / Net Sales ¥22.8 billion in fiscal 2026, Segment Life Business / Net Sales ¥25.2 billion in fiscal 2026, Segment Frontier Business / Net Sales ¥21.9 billion in fiscal 2026, Segment Other / Net Sales ¥1.3 billion in fiscal 2026
Non-financial targetsIndicator Percentage of patents published in areas other than powertrains / Target value At least 75% / Timing Fiscal 2026, Indicator Global sales share of half-shell plain bearings for automotive engines / Target value 39.0% (fiscal 2025 plan) / Timing Based on calendar 2025
Size of the Target MarketBy 2029, the data center market is expected to expand from 2025 levels by approximately 55% in the United States, 40% in China and 36% in Japan. Source: Ministry of Internal Affairs and Communications. The forecast for global BEV production volume in 2035 was prepared by the Company based on S&P Global data. Global seaborne cargo volumes and fleet size: Japan Maritime Center research
Risks identified by the company
Fluctuations in the automotive market
Changes in Exchange Rates
Fluctuations in raw material and component prices
Regulation
Natural Disasters and Infectious Diseases
U.S. tariff policy
The semiconductor shortage
Middle East situation
Regional conflicts
Decoupling of the global economy
| Item | Details |
|---|---|
| Plan name | Bridge to Daido 2030 / Medium-Term Management Plan (2025–2030) |
| Plan period | Fiscal 2025 through fiscal 2030 |
| Progress against the plan | Annual update |
| Sales Target | Not disclosed → ¥2,500 hundred million |
| Operating profit margin target | Not disclosed → Around 10% |
| Payout ratio / DOE policy | Stable and consistent dividends to shareholders. Targeting a dividend payout ratio of at least 35% in fiscal 2027 |
| Treasury share acquisition policy | Announced a policy on share buybacks. Conducted a share buyback in April 2026 |
| Self-assessment of PBR and share price | Plans to improve earnings power and achieve an improvement in PBR compared with fiscal 2024 results |
| Investment amount by sector | Field Capital investment, including IT investment / Amount ¥10.9 billion / Timing FY2025, Field Growth investments and other investments, including measures to meet demand for bearings for medium- and high-speed engines used in ships and data centers / Amount An additional ¥20 billion planned / Timing Fiscal 2026 and fiscal 2027 |
| Segment target | Segment Powertrain Business / Net Sales ¥73.7 billion in fiscal 2026, Segment Marine and Energy Business / Net Sales ¥22.8 billion in fiscal 2026, Segment Life Business / Net Sales ¥25.2 billion in fiscal 2026, Segment Frontier Business / Net Sales ¥21.9 billion in fiscal 2026, Segment Other / Net Sales ¥1.3 billion in fiscal 2026 |
| Non-financial targets | Indicator Percentage of patents published in areas other than powertrains / Target value At least 75% / Timing Fiscal 2026, Indicator Global sales share of half-shell plain bearings for automotive engines / Target value 39.0% (fiscal 2025 plan) / Timing Based on calendar 2025 |
| Plan assumptions | Exchange rates: ¥156 to the U.S. dollar in fiscal 2025, ¥153 in fiscal 2026 and ¥151 for the plan target, Impact of U.S. tariff policy, inflation-related costs, automotive sales volumes, conditions in the Middle East and other factors, Achieve an operating margin of around 10% ahead of schedule by fiscal 2030 |
| Key initiatives | Maintain and expand a strong position in the highly competitive automotive sector, Increase investment and accelerate technology development in areas with growth potential, Strengthen the management foundation to enhance earnings power, Human capital strategy, digital transformation and cultural reform supporting business strategy and structural reform |
| Results under the previous plan | Revenue: ¥134.0 billion; operating profit: ¥8.0 billion; net income: ¥3.5 billion; operating margin: 6.0%; ROE: 5.0% → Revenue: ¥142.0 billion; operating profit: ¥8.3 billion; net income: ¥4.3 billion; operating margin: 5.9%; ROE: 5.7%（Revenue: approximately 6.0%; operating profit: approximately 3.8%; net income: approximately 22.9%） |
| Size of the Target Market | By 2029, the data center market is expected to expand from 2025 levels by approximately 55% in the United States, 40% in China and 36% in Japan. Source: Ministry of Internal Affairs and Communications. The forecast for global BEV production volume in 2035 was prepared by the Company based on S&P Global data. Global seaborne cargo volumes and fleet size: Japan Maritime Center research |
| Risks identified | Fluctuations in the automotive market, Changes in Exchange Rates, Fluctuations in raw material and component prices, Regulation, Natural Disasters and Infectious Diseases, U.S. tariff policy, The semiconductor shortage, Middle East situation, Regional conflicts, Decoupling of the global economy |
Items this document does not state (9)
Operating profit targetNet income targetROE targetROIC targetCost of capitalTotal investment planReason for revision or withdrawalDate of board resolutionPublication date
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.Demand for areas including bearings for ships and data centers has exceeded initial expectations, while the business environment has changed due to U.S. tariff policy, inflation-related costs, trends in the automotive market and other factors.
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