Worth reading
51Recurring
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
1300
¥100 million (FY2028 operating profit plan)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedOperating profit+26.2%
基準 1,030Target1,300Hundreds of millions of yen
ROE+0.3pt
基準 8.7Target9%
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.
What happened to the previous plan850 Hundreds of millions of yen → 1,030 Hundreds of millions of yen+21.2%Calculated from the two disclosed figures
Investment amount by sectorField Growth investments and active investment in focus businesses / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyFor fiscal years 2026–2028, the company aims to improve dividend levels through progressive dividends linked to earnings growth and by raising its dividend payout ratio. Numerical targets: not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyThe company will conduct share repurchases flexibly and continuously, taking into account the balance with growth investments, the share price level and capital efficiency. Specific numerical details regarding the repurchase authorization, timing and terms: not disclosed.
Self-assessment of PBR and share pricePBR rose from 0.9x at the end of March 2023 to 1.2x at the end of February 2026, exceeding 1.0x. The company will continue to pursue a sustained improvement in PBR.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Actively invest in and expand focus businesses created through “P&I”
02Strengthen profitability by creating new value and advancing structural reforms
03Develop new focus businesses leveraging “P&I” as a strength
04Maximize capital efficiency by generating funds for growth investments through the expansion of operating cash flow, the reduction of assets including cross-shareholdings, and the active use of interest-bearing debt
05Improve dividend levels through progressive dividends linked to earnings growth and by raising the dividend payout ratio
06Conduct share repurchases flexibly and continuously, taking into account the balance with growth investments, the share price level and capital efficiency
07Enhance “human creativity” by expanding investment in people
08Strengthen competitiveness by upgrading intellectual capital
09Achieve a nature-positive value chain
Risks identified by the company
Potential risks and uncertainties
Changes in various factors
Reason for revision or withdrawal
To achieve sustainable growth in corporate value based on the results of the current medium-term management plan, which ends in fiscal 2025 (the fiscal year ending March 2026).
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan for Fiscal Years 2026–2028 |
| Plan period | Fiscal years 2026–2028 |
| Progress against the plan | Formulated |
| Operating profit target | 1,030 Hundreds of millions of yen → 1,300 Hundreds of millions of yen |
| ROE target | 8.7 % → 9 % |
| Payout ratio / DOE policy | For fiscal years 2026–2028, the company aims to improve dividend levels through progressive dividends linked to earnings growth and by raising its dividend payout ratio. Numerical targets: not disclosed. |
| Treasury share acquisition policy | The company will conduct share repurchases flexibly and continuously, taking into account the balance with growth investments, the share price level and capital efficiency. Specific numerical details regarding the repurchase authorization, timing and terms: not disclosed. |
| Self-assessment of PBR and share price | PBR rose from 0.9x at the end of March 2023 to 1.2x at the end of February 2026, exceeding 1.0x. The company will continue to pursue a sustained improvement in PBR. |
| Investment amount by sector | Field Growth investments and active investment in focus businesses / Amount Not disclosed |
| Key initiatives | Actively invest in and expand focus businesses created through “P&I”, Strengthen profitability by creating new value and advancing structural reforms, Develop new focus businesses leveraging “P&I” as a strength, Maximize capital efficiency by generating funds for growth investments through the expansion of operating cash flow, the reduction of assets including cross-shareholdings, and the active use of interest-bearing debt, Improve dividend levels through progressive dividends linked to earnings growth and by raising the dividend payout ratio, Conduct share repurchases flexibly and continuously, taking into account the balance with growth investments, the share price level and capital efficiency, Enhance “human creativity” by expanding investment in people, Strengthen competitiveness by upgrading intellectual capital, Achieve a nature-positive value chain |
| Results under the previous plan | 850 Hundreds of millions of yen → 1,030 Hundreds of millions of yen |
| Reason for revision or withdrawal | To achieve sustainable growth in corporate value based on the results of the current medium-term management plan, which ends in fiscal 2025 (the fiscal year ending March 2026). |
| Risks identified | Potential risks and uncertainties, Changes in various factors |
| Date of board resolution | 17 March 2026 |
| Publication date | 17 March 2026 |
Items this document does not state (10)
Sales TargetOperating profit margin targetNet income targetROIC targetCost of capitalTotal investment planSegment targetNon-financial targetsPlan assumptionsSize 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.To achieve sustainable growth in corporate value based on the results of the current medium-term management plan, which ends in fiscal 2025.
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.