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
85.2
Operating profit growth rate (%, compared with actual results for the fiscal year ended March 2026)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+32.5%
基準 33,951Target45,000million
Operating profit+85.1%
基準 2,215Target4,100million
ROE+0.6pt
基準 14.4Target15%
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.
What happened to the previous planNet Sales 36,500 / Operating profit 1,900 / Equity ratio 34% / ROE 10% / Dividends 179 / Dividend per share 15.00 → Net Sales 33,951 / Operating profit 2,215 / Equity ratio 34.8% / ROE 14.4% / Dividends 236 / Dividend per share 23.00
Total investment plan¥11 billion
Investment amount by sectorField New engine-parts line, Mexico / Amount ¥4 billion, Field New engine-parts line, Japan / Amount ¥2 billion, Field New engine-parts line, Indonesia / Amount ¥700 million, Field Other / Amount ¥2.8 billion, Field Research and Development / Amount ¥1.5 billion
Statements about the use of capital
Payout ratio / DOE policyThe basic policy is to target shareholder returns equivalent to a consolidated dividend payout ratio of approximately 30% from a medium- to long-term perspective. The company aims to continue providing stable dividends after taking its investment plans and financial condition into comprehensive consideration.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 the management platform
02Further embedding a challenging corporate culture
03Human-capital management that achieves both individual growth and organizational growth
04Branding to become a company people value
05Further expanding and enhancing “Global Niche No. 1” products
06Increasing connecting-rod market share in Japan and overseas
07Business expansion in North America and Asian markets, including Japan (Parts, Machinery and Equipment, and Environmental Equipment)
08Creating new businesses by delivering value unique to 安永
09Creating further new businesses by expanding applications for microfabrication technology
10Expansion of orders for wick sheets for vapor chambers
Plan assumptionsMXN/JPY = ¥7.81, USD/MXN＝19.16
Segment targetBusiness/company 安永メキシコ / Indicator Revenue / Target value ¥9.8 billion / Timing 2028 (E)
Non-financial targetsIndicator name Global connecting-rod market share / Target value 7% / Timing Fiscal year ending March 2029, Indicator name Overseas Revenue Mix / Target value 47.0% / Timing Fiscal year ending March 2029
Risks identified by the company
Slowing growth in the BEV ratio and an increase in hybrid vehicles
Maturation of the domestic market
Long-term gradual increase in the BEV ratio
Accelerating digitalization
Rising prices, particularly for resources and energy
Foreign exchange fluctuations and rising interest rates
| Item | Details |
|---|---|
| Plan name | Eighth Medium-Term Management Plan |
| Plan period | FY2026-FY2028 |
| Progress against the plan | Formulated |
| Sales Target | ¥33,951 million → ¥45,000 million（+32.5%） |
| Operating profit target | ¥2,215 million → ¥4,100 million（+85.2%） |
| ROE target | 14.4% → 15.0% |
| Payout ratio / DOE policy | The basic policy is to target shareholder returns equivalent to a consolidated dividend payout ratio of approximately 30% from a medium- to long-term perspective. The company aims to continue providing stable dividends after taking its investment plans and financial condition into comprehensive consideration. |
| Total investment plan | ¥11 billion |
| Investment amount by sector | Field New engine-parts line, Mexico / Amount ¥4 billion, Field New engine-parts line, Japan / Amount ¥2 billion, Field New engine-parts line, Indonesia / Amount ¥700 million, Field Other / Amount ¥2.8 billion, Field Research and Development / Amount ¥1.5 billion |
| Segment target | Business/company 安永メキシコ / Indicator Revenue / Target value ¥9.8 billion / Timing 2028 (E) |
| Non-financial targets | Indicator name Global connecting-rod market share / Target value 7% / Timing Fiscal year ending March 2029, Indicator name Overseas Revenue Mix / Target value 47.0% / Timing Fiscal year ending March 2029 |
| Plan assumptions | MXN/JPY = ¥7.81, USD/MXN＝19.16 |
| Key initiatives | Strengthening the management platform, Further embedding a challenging corporate culture, Human-capital management that achieves both individual growth and organizational growth, Branding to become a company people value, Further expanding and enhancing “Global Niche No. 1” products, Increasing connecting-rod market share in Japan and overseas, Business expansion in North America and Asian markets, including Japan (Parts, Machinery and Equipment, and Environmental Equipment), Creating new businesses by delivering value unique to 安永, Creating further new businesses by expanding applications for microfabrication technology, Expansion of orders for wick sheets for vapor chambers |
| Results under the previous plan | Net Sales 36,500 / Operating profit 1,900 / Equity ratio 34% / ROE 10% / Dividends 179 / Dividend per share 15.00 → Net Sales 33,951 / Operating profit 2,215 / Equity ratio 34.8% / ROE 14.4% / Dividends 236 / Dividend per share 23.00 |
| Risks identified | Slowing growth in the BEV ratio and an increase in hybrid vehicles, Maturation of the domestic market, Long-term gradual increase in the BEV ratio, Accelerating digitalization, Rising prices, particularly for resources and energy, Foreign exchange fluctuations and rising interest rates |
| Publication date | 14 May 2026 |
Items this document does not state (9)
Operating profit margin targetNet income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceReason 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.The company aims to achieve growth by advancing existing technologies and exploring new technologies amid major changes in the business environment. It plans to respond to the automotive industry's shift toward multiple powertrain pathways, growth in overseas markets, digitalization, rising prices, and fluctuations in foreign exchange rates and interest rates, while expanding existing businesses and creating new ones.
How to read this page
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