Worth reading
46Recurring
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
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Announcement postponedOperating profit margin0.0pt
基準 2,026Target2,026％
ROE0.0pt
基準 2,026Target2,026％
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 planROE of at least 8% and consolidated operating margin of at least 12% (by the fiscal year ending March 2026) → ROE of 8.7% and consolidated operating margin of 14.7% (actual for the fiscal year ending March 2026)0.0%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyDividends will be paid based on the higher of a 50% payout ratio or 3% DOE. The applicable period is the fiscal year ending March 2027.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Improving capital efficiency
02Performance Improvement
03Strengthen IR activities
04Shareholder returns
05Enhancing information dissemination to investors through stronger IR activities
06Initiatives related to voluntary disclosures
Non-financial targetsOne-on-one meetings with institutional investors: 10–20 meetings per quarter (fiscal year ending March 2026), Earnings briefings: 2 times a year (fiscal year ending March 2026), Briefings for individual investors: 1 time a year (fiscal year ending March 2026)
Risks identified by the company
Impact of the situation in the Middle East (difficult to forecast)
Reason for revision or withdrawal
The impact of the situation in the Middle East is difficult to forecast.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2027 |
| Plan period | Fiscal years ending March 2027 through March 2029 (3 years) |
| Progress against the plan | Announcement postponed |
| Operating profit margin target | At least 12% (by the fiscal year ending March 2026) → 14.7% (actual for the fiscal year ending March 2026; not a revised target for the new plan) |
| ROE target | At least 8% (by the fiscal year ending March 2026) → 8.7% (actual for the fiscal year ending March 2026; not a revised target for the new plan) |
| Payout ratio / DOE policy | Dividends will be paid based on the higher of a 50% payout ratio or 3% DOE. The applicable period is the fiscal year ending March 2027. |
| Non-financial targets | One-on-one meetings with institutional investors: 10–20 meetings per quarter (fiscal year ending March 2026), Earnings briefings: 2 times a year (fiscal year ending March 2026), Briefings for individual investors: 1 time a year (fiscal year ending March 2026) |
| Key initiatives | Improving capital efficiency, Performance Improvement, Strengthen IR activities, Shareholder returns, Enhancing information dissemination to investors through stronger IR activities, Initiatives related to voluntary disclosures |
| Results under the previous plan | ROE of at least 8% and consolidated operating margin of at least 12% (by the fiscal year ending March 2026) → ROE of 8.7% and consolidated operating margin of 14.7% (actual for the fiscal year ending March 2026) |
| Reason for revision or withdrawal | The impact of the situation in the Middle East is difficult to forecast. |
| Risks identified | Impact of the situation in the Middle East (difficult to forecast) |
| Publication date | 23 April 2026 |
Items this document does not state (13)
Sales TargetOperating profit targetNet income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetPlan assumptionsSize 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.The impact of the situation in the Middle East is difficult to forecast.
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.