Items stated in the management plan
Partially revisedEach 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. The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
The quantitative targets have been updated to reflect the earnings contributions of Rabyte Pte. Ltd. and Rabyte Edge Pvt. Ltd., which became consolidated subsidiaries in February 2026, the increase in manufacturing equipment projects for advanced semiconductor package substrates amid increased capital investment related to AI data centers, and progress in implementing the business strategies under the previous Medium-Term Management Plan. In addition, as goodwill amortization expense is expected to increase as a result of making the two companies consolidated subsidiaries, consolidated EBITDA will be included from this revised plan onward.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan “Hakuto 2028” |
| Plan period | FY2025 to FY2028 |
| Progress against the plan | Partially revised |
| Sales Target | ¥250 billion or more → ¥280–300 billion |
| Operating profit margin target | At least 4% → Same as above |
| ROE target | At least 10% → Same as above |
| Payout ratio / DOE policy | A payout ratio of 65–75%, together with a DOE floor of 5%. The applicable period is FY2025 to FY2028, the period covered by the plan. |
| Reason for revision or withdrawal | The quantitative targets have been updated to reflect the earnings contributions of Rabyte Pte. Ltd. and Rabyte Edge Pvt. Ltd., which became consolidated subsidiaries in February 2026, the increase in manufacturing equipment projects for advanced semiconductor package substrates amid increased capital investment related to AI data centers, and progress in implementing the business strategies under the previous Medium-Term Management Plan. In addition, as goodwill amortization expense is expected to increase as a result of making the two companies consolidated subsidiaries, consolidated EBITDA will be included from this revised plan onward. |
| Publication date | 25 May 2026 |
Items this document does not state (16)
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 quantitative targets have been updated to reflect the earnings contributions of Rabyte Pte. Ltd. and Rabyte Edge Pvt. Ltd., which became consolidated subsidiaries in February 2026, the increase in manufacturing equipment projects for advanced semiconductor package substrates amid increased capital investment related to AI data centers, and progress in implementing the business strategies under the previous Medium-Term Management Plan. In addition, goodwill amortization expense is expected to increase as a result of making the two companies consolidated subsidiaries.