Worth reading
41Recurring
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
62
¥100 millionWording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedOperating profitNot disclosed → Approximately ¥900 million (fiscal year ending March 2028)
Net income for the current fiscal yearNot disclosed → More than ¥300 million (target for resuming common share dividends)
Only the target level is shown because the current level for comparison was not provided.Total investment plan¥2.1 billion (¥1.4 billion in capital investment, ¥200 million in marketing investment and ¥500 million in selective M&A investment)
Investment amount by sectorField Capital Expenditure / Amount ¥1.4 billion, Field Marketing Investment / Amount ¥200 million, Field Selective M&A investment / Amount ¥500 million
Statements about the use of capital
Payout ratio / DOE policyThe Company assumes a dividend payout ratio of 30–50%. Common share dividends will resume when net income reaches more than ¥300 million, equivalent to operating income of approximately ¥600 million, and the Company will thereafter aim to increase dividends. The applicable period is not specified.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Gradual redemption of high-cost capital
02Achieving an early resumption of dividends
03Limiting dilution
04Strategic business-format and store portfolio
05Promoting store closures, rebuilds and remodels
06Reforming the earnings structure
07Reforming store operations
08Strengthening logistics and procurement structures to address inflation
09Promoting new store openings and selective M&A
10Opening stores based on the strategic portfolio
11Strategic partnership with グロースパートナーズ
Plan assumptionsThe redemption of preferred shares and payment of common share dividends will be decided by the Board of Directors based on business performance trends, financial condition, distributable amounts and other factors.
Risks identified by the company
Risks and uncertain factors included in the forward-looking statements
The possibility that actual results may differ materially from the outlook presented
| Item | Details |
|---|---|
| Plan name | Financial Strategy and Capital Policy Roadmap |
| Plan period | 3-year period (fiscal years ending March 2027 to March 2029) |
| Progress against the plan | Formulated |
| Operating profit target | Not disclosed → Approximately ¥900 million (fiscal year ending March 2028) |
| Net income target | Not disclosed → More than ¥300 million (target for resuming common share dividends) |
| Payout ratio / DOE policy | The Company assumes a dividend payout ratio of 30–50%. Common share dividends will resume when net income reaches more than ¥300 million, equivalent to operating income of approximately ¥600 million, and the Company will thereafter aim to increase dividends. The applicable period is not specified. |
| Total investment plan | ¥2.1 billion (¥1.4 billion in capital investment, ¥200 million in marketing investment and ¥500 million in selective M&A investment) |
| Investment amount by sector | Field Capital Expenditure / Amount ¥1.4 billion, Field Marketing Investment / Amount ¥200 million, Field Selective M&A investment / Amount ¥500 million |
| Plan assumptions | The redemption of preferred shares and payment of common share dividends will be decided by the Board of Directors based on business performance trends, financial condition, distributable amounts and other factors. |
| Key initiatives | Gradual redemption of high-cost capital, Achieving an early resumption of dividends, Limiting dilution, Strategic business-format and store portfolio, Promoting store closures, rebuilds and remodels, Reforming the earnings structure, Reforming store operations, Strengthening logistics and procurement structures to address inflation, Promoting new store openings and selective M&A, Opening stores based on the strategic portfolio, Strategic partnership with グロースパートナーズ |
| Risks identified | Risks and uncertain factors included in the forward-looking statements, The possibility that actual results may differ materially from the outlook presented |
| Date of board resolution | 20 October 2026 |
| Publication date | 20 October 2026 |
Items this document does not state (12)
Sales TargetOperating profit margin targetROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceSegment targetNon-financial targetsResults under the previous planReason for revision or withdrawalSize 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.As a result of raising funds through preferred shares and subordinated loans during the process of overcoming the COVID-19 pandemic, the equity ratio remains low, while capital carrying high dividend and interest costs is weighing on earnings attributable to common shareholders. The Company aims to optimize its capital structure and directly link the expansion of earnings from its core business to growth in common shareholder value.
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.