Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
670
billion yen (revenue target for the fiscal year ending September 2029)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+8.2%
基準 619Target670100 million
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. 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 planRevenue of ¥61.5 billion, 23 million customer visits, net income of ¥1.2 billion, investment plus financing cash flow to operating cash flow ratio of more than 60%, and CO₂ emissions per unit of sales floor area of 0.220t-CO₂/㎡ → Revenue of ¥61.9 billion, 23.76 million customer visits, net income of ¥250 million, investment plus financing cash flow to operating cash flow ratio of 128.9%, and CO₂ emissions per unit of sales floor area of 0.216t-CO₂/㎡+306.5%Calculated from the two disclosed figures
Total investment planApproximately ¥4 billion strategic investment budget (funds not currently being fully utilized)
Investment amount by sectorField Growth investments (new stores, renovations, M&A and other investments) / Amount Not disclosed, Field Infrastructure investments (security, efficiency improvements and other investments) / Amount Not disclosed, Field Investments in people (training, increased recruitment and other investments) / Amount Not disclosed, Field Shareholder returns (dividends, shareholder benefits and other returns) / Amount Not disclosed, Field Financial Asset Management / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyThe company is considering steady dividend increases and a 70th anniversary commemorative dividend. Its policy is to target a DOE of more than 3% (the main text states this applies from the fiscal year ending September 2026 onward, while the chart states it applies from the fiscal year ending September 2028 onward).The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Self-assessment of PBR and share priceFrom the end of the fiscal year ended September 2023 to the end of the fiscal year ended September 2026, the share price rose from ¥854 to ¥1,639 and PBR rose from 0.62x to 1.00x. The company assessed that “PBR exceeds 1x.”PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01An uncompromising commitment to quality, freshness, appropriate quantities, fair prices and taste
02Greater use of locally produced goods (promoting their appeal, enhancing their value and identifying new products)
03Strengthening new product development (with a focus on prepared foods)
04Strengthening the product lineup to meet customer needs (responding to increasingly polarized needs)
05Creating stores that provide more attractive and consistently new value
06Further improving customer service
07Revitalizing stores through renovations
08New Store Openings
09DX Promotion
10Considering the strengthening of delivery services, including Tokushimaru
11Strengthening the ongoing dissemination of IR information, including SDG-related information
12Refreshing corporate commercials
13Environmental conservation initiatives
14Regional revitalization initiatives
15Expanding talent development programs
16Utilizing diverse talent
17Creating a safe working environment
18Expanding employee benefits programs
19Reviewing various personnel systems
20Improving profitability
21High safety standards
22Enhance shareholder returns
Plan assumptionsEBITDA is based on the current accounting standards and does not reflect the new lease accounting standard.
Non-financial targetsIndicator Store traffic / Target value 25.5 million people / Timing Fiscal year ending September 2029, Indicator CO₂ emissions per unit of sales floor area / Target value 10% reduction over 3 years / Timing During the plan period, Indicator Percentage of Female Managers / Target value 1.8x over 3 years / Timing During the plan period, Indicator Large-scale renovations / Target value Approximately 5 stores / Timing During the plan period
Risks identified by the company
Increasingly extreme climate change caused by global warming
Escalation of geopolitical risks
Inflation and surging energy prices
Population decline and further progression of the declining birthrate and aging population
Further intensification of competition across industries and business formats
Growing cyber risks
Reason for revision or withdrawal
To evolve the basic policies of the previous medium-term management plan in response to changes in the environment and continue earning customers’ support even amid an increasingly challenging business environment.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Plan period | October 2026–September 2029 (attached materials) / fiscal years ending September 2027–September 2029 (three-year plan) |
| Progress against the plan | Formulated |
| Sales Target | ¥619 100 million → ¥670 100 million |
| Payout ratio / DOE policy | The company is considering steady dividend increases and a 70th anniversary commemorative dividend. Its policy is to target a DOE of more than 3% (the main text states this applies from the fiscal year ending September 2026 onward, while the chart states it applies from the fiscal year ending September 2028 onward). |
| Self-assessment of PBR and share price | From the end of the fiscal year ended September 2023 to the end of the fiscal year ended September 2026, the share price rose from ¥854 to ¥1,639 and PBR rose from 0.62x to 1.00x. The company assessed that “PBR exceeds 1x.” |
| Total investment plan | Approximately ¥4 billion strategic investment budget (funds not currently being fully utilized) |
| Investment amount by sector | Field Growth investments (new stores, renovations, M&A and other investments) / Amount Not disclosed, Field Infrastructure investments (security, efficiency improvements and other investments) / Amount Not disclosed, Field Investments in people (training, increased recruitment and other investments) / Amount Not disclosed, Field Shareholder returns (dividends, shareholder benefits and other returns) / Amount Not disclosed, Field Financial Asset Management / Amount Not disclosed |
| Non-financial targets | Indicator Store traffic / Target value 25.5 million people / Timing Fiscal year ending September 2029, Indicator CO₂ emissions per unit of sales floor area / Target value 10% reduction over 3 years / Timing During the plan period, Indicator Percentage of Female Managers / Target value 1.8x over 3 years / Timing During the plan period, Indicator Large-scale renovations / Target value Approximately 5 stores / Timing During the plan period |
| Plan assumptions | EBITDA is based on the current accounting standards and does not reflect the new lease accounting standard. |
| Key initiatives | An uncompromising commitment to quality, freshness, appropriate quantities, fair prices and taste, Greater use of locally produced goods (promoting their appeal, enhancing their value and identifying new products), Strengthening new product development (with a focus on prepared foods), Strengthening the product lineup to meet customer needs (responding to increasingly polarized needs), Creating stores that provide more attractive and consistently new value, Further improving customer service, Revitalizing stores through renovations, New Store Openings, DX Promotion, Considering the strengthening of delivery services, including Tokushimaru, Strengthening the ongoing dissemination of IR information, including SDG-related information, Refreshing corporate commercials, Environmental conservation initiatives, Regional revitalization initiatives, Expanding talent development programs, Utilizing diverse talent, Creating a safe working environment, Expanding employee benefits programs, Reviewing various personnel systems, Improving profitability, High safety standards, Enhance shareholder returns |
| Results under the previous plan | Revenue of ¥61.5 billion, 23 million customer visits, net income of ¥1.2 billion, investment plus financing cash flow to operating cash flow ratio of more than 60%, and CO₂ emissions per unit of sales floor area of 0.220t-CO₂/㎡ → Revenue of ¥61.9 billion, 23.76 million customer visits, net income of ¥250 million, investment plus financing cash flow to operating cash flow ratio of 128.9%, and CO₂ emissions per unit of sales floor area of 0.216t-CO₂/㎡ |
| Reason for revision or withdrawal | To evolve the basic policies of the previous medium-term management plan in response to changes in the environment and continue earning customers’ support even amid an increasingly challenging business environment. |
| Risks identified | Increasingly extreme climate change caused by global warming, Escalation of geopolitical risks, Inflation and surging energy prices, Population decline and further progression of the declining birthrate and aging population, Further intensification of competition across industries and business formats, Growing cyber risks |
| Date of board resolution | 13 November 2026 |
| Publication date | 13 November 2026 |
Items this document does not state (9)
Operating profit targetOperating profit margin targetNet income targetROE targetROIC targetTreasury share acquisition policyCost of capitalSegment targetSize 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.The company stated that it would further evolve the basic policies of its previous medium-term management plan and take on the challenge of strengthening, creating and establishing “Daiichi Value” for all stakeholders in order to continue earning customers’ support even amid an increasingly challenging business environment.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.