Worth reading
51Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales0.0%
基準 35,500Target35,500million
Operating profit0.0%
基準 1,630Target1,630million
Operating profit margin0.0pt
基準 4.6Target4.6％
Net income for the current fiscal year0.0%
基準 1,139Target1,139million
ROE0.0pt
基準 7Target7%; latest actual: 5.9%
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).
What happened to the previous planFiscal 2024 plan: consolidated net sales of ¥33,000 million and consolidated operating profit of ¥1,100 million. Fiscal 2025 plan: consolidated net sales of ¥34,000 million and consolidated operating profit of ¥1,300 million → Fiscal 2024 results: consolidated net sales of ¥34,198 million and consolidated operating profit of ¥1,375 million. Fiscal 2025 results: consolidated net sales of ¥34,479 million and consolidated operating profit of ¥1,302 million+1.4%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyDividend payout ratio of 34.5% (fiscal 2026). Minimum dividend of ¥18.5 per share (after the stock split)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 target of 0.70x. Latest actual: 0.52xPBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Investment in growth areas
02Business Structure Reform
03Equipment upgrades and site reorganization
04Sales of materials and machinery
05Increased sales of higher-margin own-brand products
Plan assumptionsTakes into account the impact of a 2-for-1 split of common shares effective 1 April 2026. The earnings forecast is based on information available at this time.
Reason for revision or withdrawal
No changes will be made to the plan's strategies or initiatives, or to the fiscal 2026 plan, which is the final year of the plan.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Plan period | 3 years from fiscal 2024 through fiscal 2026 |
| Progress against the plan | Annual update |
| Sales Target | ¥35,500 million → ¥35,500 million（0.0%） |
| Operating profit target | ¥1,630 million → ¥1,630 million（0.0%） |
| Operating profit margin target | 4.6 ％ → 4.6 ％（0.0%） |
| Net income target | ¥1,139 million → ¥1,139 million（0.0%） |
| ROE target | 7 %; latest actual: 5.9% → 7 %; latest actual: 5.9%（0.0%） |
| Payout ratio / DOE policy | Dividend payout ratio of 34.5% (fiscal 2026). Minimum dividend of ¥18.5 per share (after the stock split) |
| Self-assessment of PBR and share price | PBR target of 0.70x. Latest actual: 0.52x |
| Plan assumptions | Takes into account the impact of a 2-for-1 split of common shares effective 1 April 2026. The earnings forecast is based on information available at this time. |
| Key initiatives | Investment in growth areas, Business Structure Reform, Equipment upgrades and site reorganization, Sales of materials and machinery, Increased sales of higher-margin own-brand products |
| Results under the previous plan | Fiscal 2024 plan: consolidated net sales of ¥33,000 million and consolidated operating profit of ¥1,100 million. Fiscal 2025 plan: consolidated net sales of ¥34,000 million and consolidated operating profit of ¥1,300 million → Fiscal 2024 results: consolidated net sales of ¥34,198 million and consolidated operating profit of ¥1,375 million. Fiscal 2025 results: consolidated net sales of ¥34,479 million and consolidated operating profit of ¥1,302 million |
| Reason for revision or withdrawal | No changes will be made to the plan's strategies or initiatives, or to the fiscal 2026 plan, which is the final year of the plan. |
| Publication date | 14 May 2026 |
Items this document does not state (10)
ROIC targetTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsSize of the Target MarketRisks identifiedDate 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.Based on fiscal 2025 results and the fiscal 2026 earnings forecast, the company stated that no changes would be made to the plan's strategies or initiatives, or to the fiscal 2026 plan, which is the final year of the plan. In terms of performance, the company cited equipment upgrades and site reorganization in the semiconductor-related mask business, strong sales of materials and machinery in the Solutions Sales business, and increased sales of its own-brand products.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.