Worth reading
28Immaterial
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
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Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
ROE targetAchieve ROE above the cost of shareholders’ equity → Not disclosedROE is the percentage of profit generated from money provided by shareholders.
Statements about the use of capital
Payout ratio / DOE policyImplement stable and consistent shareholder returns and continue to consider the appropriate form of shareholder returns over the medium to long term.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalCost of shareholders’ equity: 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 pricePBR has generally remained around 1x. The challenge is to translate initiatives aimed at enhancing corporate value into market recognition.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Execution of growth strategy
02Strengthen the business portfolio
03Growth investment with an awareness of cost of capital
04Capital policies, including shareholder returns
05Strengthening Corporate Governance
06Promotion of human capital management
07Strengthening Investor Relations Activities
Plan assumptionsInformation available as of the date of this document and certain assumptions judged to be reasonable. Actual performance and other results may differ due to economic conditions, the market environment and various other uncertainties.
Risks identified by the company
Economic Conditions
Market Environment
Various risks, including cybersecurity risks
Business risk
Reason for revision or withdrawal
The company updated its analysis and evaluation of the current situation and its policy for improvement initiatives.
| Item | Details |
|---|---|
| Plan name | Update on Initiatives to Achieve Management Conscious of Cost of Capital and Share Price |
| ROE target | Achieve ROE above the cost of shareholders’ equity → Not disclosed |
| Payout ratio / DOE policy | Implement stable and consistent shareholder returns and continue to consider the appropriate form of shareholder returns over the medium to long term. |
| Cost of capital | Cost of shareholders’ equity: approximately 8% |
| Self-assessment of PBR and share price | PBR has generally remained around 1x. The challenge is to translate initiatives aimed at enhancing corporate value into market recognition. |
| Plan assumptions | Information available as of the date of this document and certain assumptions judged to be reasonable. Actual performance and other results may differ due to economic conditions, the market environment and various other uncertainties. |
| Key initiatives | Execution of growth strategy, Strengthen the business portfolio, Growth investment with an awareness of cost of capital, Capital policies, including shareholder returns, Strengthening Corporate Governance, Promotion of human capital management, Strengthening Investor Relations Activities |
| Reason for revision or withdrawal | The company updated its analysis and evaluation of the current situation and its policy for improvement initiatives. |
| Risks identified | Economic Conditions, Market Environment, Various risks, including cybersecurity risks, Business risk |
| Publication date | 13 November 2026 |
Items this document does not state (15)
Plan periodProgress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetTreasury share acquisition policyTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planSize 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 updated its analysis and evaluation of the current situation and its policy for improvement initiatives. In light of the expansion in business scale and scope resulting from the consolidation of the ファスキア group, it plans to improve profitability, synergies and capital efficiency.
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.