Worth reading
71In 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
1
percentage points in operating marginWording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedOperating profit margin-1.0pt
基準 5Target4％
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. For metrics expressed as percentages, differences are shown in percentage points (pt).
Net SalesNot disclosed → ¥50 billion or more
ROICNot disclosed → At least 10% (investment return; condition for executing M&A)
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planDividend payout ratio of at least 30% (target) → 29.1% (actual for the fiscal year ended March 2026)（-3.0％）+6,653.3%Calculated from the two disclosed figures
Investment amount by sectorField Growth strategy investment / Amount Not disclosed, Field M&A / Amount Not disclosed, Field Capital investment / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyThe company aims for a dividend payout ratio of at least 30% and will pay stable and consistent dividends. The applicable period is Not disclosed.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 pricePBR is currently approximately 0.4–0.5x and has remained below 1x for an extended period. The company recognizes that one factor is the sluggish growth potential and profitability of its businesses, as well as their limited growth prospects and low expected future value.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Strategic rebuilding of the business portfolio
02Financial Strategy and Capital Policy
03Shareholder Returns
04IR strategy
05Initiatives for investment conscious of the cost of capital
Plan assumptionsHigher material costs resulting from the situation in the Middle East. Numerical assumptions are Not disclosed.
Segment targetSegment Promotional Solutions business / Sales Target Not disclosed / Operating profit target Not disclosed / Operating profit margin target Not disclosed / Target timing By the fiscal year ending March 2028, Segment Content business / Sales Target Not disclosed / Operating profit target Not disclosed / Operating profit margin target Not disclosed / Target timing By the fiscal year ending March 2028, Segment Environmental Business / Sales Target Not disclosed / Operating profit target Not disclosed / Operating profit margin target Not disclosed / Target timing By the fiscal year ending March 2028
Risks identified by the company
Rising material costs resulting from the situation in the Middle East
Changes in the economic environment and market conditions
Reason for revision or withdrawal
The estimate for securing profit was revised in light of higher material costs resulting from the situation in the Middle East. The dividend payout ratio for the fiscal year ended March 2026 fell short of the target at 29.1% due to a one-off factor arising from gains on the sale of shares.
| Item | Details |
|---|---|
| Plan name | Policy for Achieving Management Conscious of Cost of Capital and Stock Price / Business Plan |
| Progress against the plan | Partially revised |
| Sales Target | Not disclosed → ¥50 billion or more |
| Operating profit margin target | 5％ → At least 4%（-20％） |
| ROIC target | Not disclosed → At least 10% (investment return; condition for executing M&A) |
| Payout ratio / DOE policy | The company aims for a dividend payout ratio of at least 30% and will pay stable and consistent dividends. The applicable period is Not disclosed. |
| Self-assessment of PBR and share price | PBR is currently approximately 0.4–0.5x and has remained below 1x for an extended period. The company recognizes that one factor is the sluggish growth potential and profitability of its businesses, as well as their limited growth prospects and low expected future value. |
| Investment amount by sector | Field Growth strategy investment / Amount Not disclosed, Field M&A / Amount Not disclosed, Field Capital investment / Amount Not disclosed |
| Segment target | Segment Promotional Solutions business / Sales Target Not disclosed / Operating profit target Not disclosed / Operating profit margin target Not disclosed / Target timing By the fiscal year ending March 2028, Segment Content business / Sales Target Not disclosed / Operating profit target Not disclosed / Operating profit margin target Not disclosed / Target timing By the fiscal year ending March 2028, Segment Environmental Business / Sales Target Not disclosed / Operating profit target Not disclosed / Operating profit margin target Not disclosed / Target timing By the fiscal year ending March 2028 |
| Plan assumptions | Higher material costs resulting from the situation in the Middle East. Numerical assumptions are Not disclosed. |
| Key initiatives | Strategic rebuilding of the business portfolio, Financial Strategy and Capital Policy, Shareholder Returns, IR strategy, Initiatives for investment conscious of the cost of capital |
| Results under the previous plan | Dividend payout ratio of at least 30% (target) → 29.1% (actual for the fiscal year ended March 2026)（-3.0％） |
| Reason for revision or withdrawal | The estimate for securing profit was revised in light of higher material costs resulting from the situation in the Middle East. The dividend payout ratio for the fiscal year ended March 2026 fell short of the target at 29.1% due to a one-off factor arising from gains on the sale of shares. |
| Risks identified | Rising material costs resulting from the situation in the Middle East, Changes in the economic environment and market conditions |
| Date of board resolution | 22 June 2026 |
| Publication date | 22 June 2026 |
Items this document does not state (9)
Plan periodOperating profit targetNet income targetROE targetTreasury share acquisition policyCost of capitalTotal investment planNon-financial targetsSize 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 estimate for securing profit was revised in light of higher material costs resulting from the situation in the Middle East.
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.