Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
600
¥100 millionWording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+20.9%
基準 49,635Target60,000million
Operating profit+52.0%
基準 2,961Target4,500million
ROE+3.0pt
基準 2,026Target2,029％
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).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
Operating profit marginNot disclosed → 7.5% (target for the fiscal year ending February 2029)
Only the target level is shown because the current level for comparison was not provided.What happened to the previous plan10% (2025 target: overseas revenue ratio) → 6% (current overseas revenue ratio)-99.7%Calculated from the two disclosed figures
Investment amount by sectorField Growth Investment / Amount ¥18 billion / Details New coaters for functional materials, construction of a new plant, upgrades to production equipment, M&A, and other initiatives
Statements about the use of capital
Payout ratio / DOE policyThe Company will adopt progressive dividends and pay dividends on a stable and ongoing basis, using a payout ratio of 30% as a guideline. An annual dividend of ¥74 is planned for the fiscal year ending February 2027. The period covered 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.
Key initiatives
01Environmental management / CO2 emissions reduction / VOC emissions reduction / plastic reduction
02Strengthening development in the IT and industrial materials fields
03Proactive M&A
04Launch of the R&D Center, a new research and development site in Saitama
05Reducing manufacturing costs / improving product competitiveness
06Expanding the Overseas Business
Risks identified by the company
Actual figures may differ due to changes in the business environment and other factors
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2027 |
| Plan period | Fiscal years ending February 2027 through February 2029 |
| Progress against the plan | Formulated |
| Sales Target | 49,635 (actual for the fiscal year ended February 2026) → 60,000 (target for the fiscal year ending February 2029) |
| Operating profit target | 2,961 (actual for the fiscal year ended February 2026) → 4,500 (target for the fiscal year ending February 2029) |
| Operating profit margin target | Not disclosed → 7.5% (target for the fiscal year ending February 2029) |
| ROE target | 10.8% (actual for the fiscal year ended February 2026) → At least 12% (target for the fiscal year ending February 2029) |
| Payout ratio / DOE policy | The Company will adopt progressive dividends and pay dividends on a stable and ongoing basis, using a payout ratio of 30% as a guideline. An annual dividend of ¥74 is planned for the fiscal year ending February 2027. The period covered is not disclosed. |
| Investment amount by sector | Field Growth Investment / Amount ¥18 billion / Details New coaters for functional materials, construction of a new plant, upgrades to production equipment, M&A, and other initiatives |
| Key initiatives | Environmental management / CO2 emissions reduction / VOC emissions reduction / plastic reduction, Strengthening development in the IT and industrial materials fields, Proactive M&A, Launch of the R&D Center, a new research and development site in Saitama, Reducing manufacturing costs / improving product competitiveness, Expanding the Overseas Business |
| Results under the previous plan | 10% (2025 target: overseas revenue ratio) → 6% (current overseas revenue ratio) |
| Risks identified | Actual figures may differ due to changes in the business environment and other factors |
| Publication date | 16 April 2026 |
Items this document does not state (12)
Net income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planSegment targetNon-financial targetsPlan assumptionsReason for revision or withdrawalSize 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.Amid rapidly changing market conditions, the Company aims to enhance its competitiveness and increase corporate value through all-weather management, a steady growth strategy, proactive M&A without being restricted to a particular industry, and investment in research and development. It also aims to grow while increasing the proportion of its own products.
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.