Worth reading
58In focus
Scored from 4 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
1
Year (¥100 million investment brought forward)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedTotal investment planAmount ¥3,100 million
Investment amount by sectorField Glass polarizer manufacturing equipment / Amount ¥300 million, Field Phase 3 / Amount ¥100 million / Implementation date Fiscal year ending March 2028, Field Phase 2 / Amount ¥200 million / Implementation date Fiscal year ending March 2027
Key initiatives
01Further bringing forward capital investment
02Expand glass polarizer production capacity through further capital investment and productivity improvements
Plan assumptionsAccelerating data center investment accompanying the development of generative AI (annual average growth rate of 27.5%), The rapid increase in demand for glass polarizers is expected to continue for the foreseeable future
Non-financial targetsIndicator Glass polarizer production capacity / Target value 10 times the current level / Timing Fiscal year ending March 2029, Indicator Glass polarizer production capacity / Target value 13 times the current level / Timing Fiscal year ending March 2030
Size of the Target MarketAnnual average growth rate of 27.5%. Source: Markets & Markets. Market size amount: Not disclosed.
Reason for revision or withdrawal
As data center investment accelerates with the development of generative AI, at an annual average growth rate of 27.5%, demand for glass polarizers used in optical isolators, which are optical communication modules for AI data centers, is expanding rapidly. Accordingly, the company has decided to bring forward the Phase 3 capital investment of ¥100 million by approximately one year.
| Item | Details |
|---|---|
| Plan name | GROWTH28 |
| Plan period | Fiscal years ending March 2027 to March 2029 |
| Progress against the plan | Partially revised |
| Total investment plan | Amount ¥3,100 million |
| Investment amount by sector | Field Glass polarizer manufacturing equipment / Amount ¥300 million, Field Phase 3 / Amount ¥100 million / Implementation date Fiscal year ending March 2028, Field Phase 2 / Amount ¥200 million / Implementation date Fiscal year ending March 2027 |
| Non-financial targets | Indicator Glass polarizer production capacity / Target value 10 times the current level / Timing Fiscal year ending March 2029, Indicator Glass polarizer production capacity / Target value 13 times the current level / Timing Fiscal year ending March 2030 |
| Plan assumptions | Accelerating data center investment accompanying the development of generative AI (annual average growth rate of 27.5%), The rapid increase in demand for glass polarizers is expected to continue for the foreseeable future |
| Key initiatives | Further bringing forward capital investment, Expand glass polarizer production capacity through further capital investment and productivity improvements |
| Reason for revision or withdrawal | As data center investment accelerates with the development of generative AI, at an annual average growth rate of 27.5%, demand for glass polarizers used in optical isolators, which are optical communication modules for AI data centers, is expanding rapidly. Accordingly, the company has decided to bring forward the Phase 3 capital investment of ¥100 million by approximately one year. |
| Size of the Target Market | Annual average growth rate of 27.5%. Source: Markets & Markets. Market size amount: Not disclosed. |
| Date of board resolution | 26 June 2026 |
| Publication date | 26 June 2026 |
Items this document does not state (13)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceSegment targetResults under the previous planRisks 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.Demand for glass polarizers used in optical isolators, which are optical communication modules for AI data centers, is expanding rapidly as data center investment accelerates with the development of generative AI, at an annual average growth rate of 27.5%.
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.