Worth reading
15Immaterial
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
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Date of board resolution14 May 2026
Publication date14 May 2026
ROE targetThe company aims to improve ROE continuously, but the numerical target is not disclosed.ROE is the percentage of profit generated from money provided by shareholders.
Statements about the use of capital
Payout ratio / DOE policyThe company places importance on stable and continuous dividend payments and will make appropriate decisions after taking into consideration its financial position and business performance for each fiscal year. The numerical target and target period are not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalThe cost of shareholders’ equity is approximately 8%.The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share priceThe PBR has remained below 1x for the most recent 5 consecutive fiscal years. The PBR for the fiscal year ending March 2026 was 0.4x, and the fiscal year-end share price was ¥1,988.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Sustainable growth and business expansion
02Enhance shareholder returns
| Item | Details |
|---|---|
| ROE target | The company aims to improve ROE continuously, but the numerical target is not disclosed. |
| Payout ratio / DOE policy | The company places importance on stable and continuous dividend payments and will make appropriate decisions after taking into consideration its financial position and business performance for each fiscal year. The numerical target and target period are not disclosed. |
| Cost of capital | The cost of shareholders’ equity is approximately 8%. |
| Self-assessment of PBR and share price | The PBR has remained below 1x for the most recent 5 consecutive fiscal years. The PBR for the fiscal year ending March 2026 was 0.4x, and the fiscal year-end share price was ¥1,988. |
| Key initiatives | Sustainable growth and business expansion, Enhance shareholder returns |
| Date of board resolution | 14 May 2026 |
| Publication date | 14 May 2026 |
Items this document does not state (18)
Plan namePlan periodProgress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetTreasury share acquisition policyTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planReason for revision or withdrawalSize of the Target MarketRisks identified
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 average ROE for the most recent 5 fiscal years was 5.9%, below the cost of shareholders’ equity of approximately 8%, and the PBR has remained below 1x for the most recent 5 consecutive fiscal years.
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.