Worth reading
40Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedWhat happened to the previous planRevenue 75,300, operating profit 9,700, profit margin 12.9% → Revenue 67,691, operating profit 6,978, profit margin 10.3%（Revenue: 89.9% of plan achieved, operating profit: 71.9% of plan achieved, profit margin: 79.8% of plan achieved）-10.1%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyDuring the period of the New Medium-Term Management Plan 2028, the basic policy is to maintain or increase the previous fiscal year's dividend level through progressive dividends, taking comprehensive account of future consolidated results and financial soundness. Numerical target: Not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01New product development and strengthening of existing businesses — Launching new products based on core technologies / providing solutions spanning measurement through control
02Strengthening profitability — Optimizing the product portfolio to improve profitability
03Strengthening the management foundation (growth investment × operational innovation × ESG)
04Taking on challenges in new fields (global expansion as a company that works alongside technological innovation) — Active involvement in the 17 strategic fields identified by the Japanese government
05Strengthening competitiveness through global market expansion — Expanding overseas operations, centered on the pressure sensor business, to accelerate further growth (semiconductors and industrial machinery)
Plan assumptionsInformation currently available to the Company and assumptions deemed reasonable, Economic conditions in Japan and overseas, Exchange-rate trends, Changes in the market environment, The impact of geopolitical risks in the Middle East has a high degree of uncertainty and is difficult to forecast reasonably at this time, so it has not been incorporated into this plan
Risks identified by the company
Geopolitical risks in the Middle East
Economic conditions in Japan and overseas
Exchange-rate trends
Changes in the market environment
Fluctuations in semiconductor capital investment
Prolonged adjustment of the supply-demand balance due to global market changes
Reason for revision or withdrawal
The management targets were not achieved due to changes in the external environment, including fluctuations in semiconductor capital investment. Taking these results seriously, the Company re-examined its growth scenario and execution measures, reviewed its priority areas, investments and organizational structure, and formulated the new plan.
| Item | Details |
|---|---|
| Plan name | New Medium-Term Management Plan 2028 |
| Plan period | Fiscal 2026 through fiscal 2028 |
| Progress against the plan | Formulated |
| Payout ratio / DOE policy | During the period of the New Medium-Term Management Plan 2028, the basic policy is to maintain or increase the previous fiscal year's dividend level through progressive dividends, taking comprehensive account of future consolidated results and financial soundness. Numerical target: Not disclosed. |
| Plan assumptions | Information currently available to the Company and assumptions deemed reasonable, Economic conditions in Japan and overseas, Exchange-rate trends, Changes in the market environment, The impact of geopolitical risks in the Middle East has a high degree of uncertainty and is difficult to forecast reasonably at this time, so it has not been incorporated into this plan |
| Key initiatives | New product development and strengthening of existing businesses — Launching new products based on core technologies / providing solutions spanning measurement through control, Strengthening profitability — Optimizing the product portfolio to improve profitability, Strengthening the management foundation (growth investment × operational innovation × ESG), Taking on challenges in new fields (global expansion as a company that works alongside technological innovation) — Active involvement in the 17 strategic fields identified by the Japanese government, Strengthening competitiveness through global market expansion — Expanding overseas operations, centered on the pressure sensor business, to accelerate further growth (semiconductors and industrial machinery) |
| Results under the previous plan | Revenue 75,300, operating profit 9,700, profit margin 12.9% → Revenue 67,691, operating profit 6,978, profit margin 10.3%（Revenue: 89.9% of plan achieved, operating profit: 71.9% of plan achieved, profit margin: 79.8% of plan achieved） |
| Reason for revision or withdrawal | The management targets were not achieved due to changes in the external environment, including fluctuations in semiconductor capital investment. Taking these results seriously, the Company re-examined its growth scenario and execution measures, reviewed its priority areas, investments and organizational structure, and formulated the new plan. |
| Risks identified | Geopolitical risks in the Middle East, Economic conditions in Japan and overseas, Exchange-rate trends, Changes in the market environment, Fluctuations in semiconductor capital investment, Prolonged adjustment of the supply-demand balance due to global market changes |
| Publication date | 13 May 2026 |
Items this document does not state (15)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsSize 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.Under the Second Medium-Term Management Plan, revenue and operating profit fell short of the initial targets for the final fiscal year due to changes in the external environment, including fluctuations in semiconductor capital investment. In response, the Company states that it re-examined its growth scenario and execution measures, reviewed its priority areas, investments and organizational structure, and formulated the new plan.
How to read this page
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