Worth reading
61In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
507
¥ hundred millionWording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.1%
基準 2,025Target2,028hundred million
Operating profit+0.1%
基準 2,025Target2,028hundred million
Operating profit margin+3.0pt
基準 2,025Target2,028%
ROE+3.0pt
基準 2,025Target2,028%
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.
Net income for the current fiscal year¥12.0 billion (fiscal 2025 actual) → Not disclosed
ROIC11.1% (fiscal 2025 actual) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planInitial fiscal 2025 plan: revenue of ¥360.0 billion, profit before income taxes of ¥16.0 billion, net income attributable to owners of the parent of ¥11.0 billion, ROA of at least 7%, ROE of at least 12%, ROIC of approximately 10%, standalone sales of sustainable products of ¥50.0 billion, and total DX investment of approximately ¥5.0 billion → Fiscal 2025 actual: revenue of ¥299.3 billion, profit before income taxes of ¥14.2 billion, net income attributable to owners of the parent of ¥12.0 billion, ROA of 8.0%, ROE of 12.4%, ROIC of 11.1%, standalone sales of sustainable products of ¥31.5 billion, and total DX investment of ¥5.5 billion0.0%Calculated from the two disclosed figures
Investment amount by sectorField Growth Investment / Amount ¥17.5 billion plus, Field Investment in the management platform / Amount ¥3.5 billion
Statements about the use of capital
Payout ratio / DOE policyDuring the CIP2028 planning period, the Company targets a dividend payout ratio of at least 40% and DOE of at least 3.5%. The dividend payout ratio has been raised from the previous target of at least 30%. The period covered is fiscal years 2026–2028.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 priceThe Company has identified PBR as a key upper-level KPI related to enhancing corporate value, but its self-assessment of the current PBR level and share price being low is not disclosed, and the figures are Not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Accelerate expansion into areas of the global market
02Enter new overseas areas
03Expand the range of products handled in existing areas
04Strategy focused on capital efficiency
05Strengthen the dividend policy
06Growth investment in the business
07Enhancing the management platform
08Human capital strategy toward the desired future state
09Promoting Sustainability Management
10Optimizing the Business Portfolio
11Develop high-value-added products
12Increasing the Overseas Revenue Ratio
13Enhancement of shareholder returns
14Strategic business investment (M&A)
15Transform management and the business through DX
16Address material issues
17Human Resources Development
18Strengthen supply chain management
19Governance Enhancement
Plan assumptionsRising geopolitical risks, Widening economic disparities, Anti-globalization, Rebuilding the Supply Chain, Industry Consolidation, Growing focus on sustainability, Demographic changes, Need for strategies tailored to the characteristics of each region, The impact of trends in the trade policies of individual countries and heightened tensions in the Middle East concerning Iran has not been incorporated into the plan at this time.
Segment targetSegment Textiles Business / Net Sales Fiscal 2025 ¥145.8 billion → fiscal 2028 ¥165.0 billion / Operating profit Fiscal 2025 ¥7.2 billion → fiscal 2028 ¥9.0 billion / Operating profit margin Fiscal 2025 4.9% → fiscal 2028 5.5%, Segment Chemicals Business / Net Sales Fiscal 2025 ¥153.4 billion → fiscal 2028 ¥185.0 billion / Operating profit Fiscal 2025 ¥7.8 billion → fiscal 2028 ¥10.2 billion / Operating profit margin Fiscal 2025 5.1% → fiscal 2028 5.5%
Risks identified by the company
Trends in the trade policies of individual countries
Heightened tensions in the Middle East concerning Iran
Supply-Chain Disruption
Fluctuations in energy and other raw material prices
Changes in and fluidity of the value chain due to geopolitical risks
Contraction of the domestic market and labor shortages due to population decline
Global inflation, rising interest rates and sharp currency fluctuations
Market contraction and declining competitive advantage
Tightening regulations on the environment and biodiversity
| Item | Details |
|---|---|
| Plan name | Chori Innovation Plan 2028 |
| Plan period | FY2026-FY2028 |
| Progress against the plan | Formulated |
| Sales Target | ¥299.3 billion (fiscal 2025 actual) → ¥350.0 billion (fiscal 2028 plan)（Approximately 16.9% increase） |
| Operating profit target | ¥13.1 billion (fiscal 2025 actual) → ¥17.5 billion (fiscal 2028 plan)（Approximately 33.6% increase） |
| Operating profit margin target | 4.4% (fiscal 2025 actual) → 5% (fiscal 2028 plan)（Approximately 13.6% increase） |
| Net income target | ¥12.0 billion (fiscal 2025 actual) → Not disclosed |
| ROE target | 12.4% (fiscal 2025 actual) → At least 10% (fiscal 2028 plan) |
| ROIC target | 11.1% (fiscal 2025 actual) → Not disclosed |
| Payout ratio / DOE policy | During the CIP2028 planning period, the Company targets a dividend payout ratio of at least 40% and DOE of at least 3.5%. The dividend payout ratio has been raised from the previous target of at least 30%. The period covered is fiscal years 2026–2028. |
| Self-assessment of PBR and share price | The Company has identified PBR as a key upper-level KPI related to enhancing corporate value, but its self-assessment of the current PBR level and share price being low is not disclosed, and the figures are Not disclosed. |
| Investment amount by sector | Field Growth Investment / Amount ¥17.5 billion plus, Field Investment in the management platform / Amount ¥3.5 billion |
| Segment target | Segment Textiles Business / Net Sales Fiscal 2025 ¥145.8 billion → fiscal 2028 ¥165.0 billion / Operating profit Fiscal 2025 ¥7.2 billion → fiscal 2028 ¥9.0 billion / Operating profit margin Fiscal 2025 4.9% → fiscal 2028 5.5%, Segment Chemicals Business / Net Sales Fiscal 2025 ¥153.4 billion → fiscal 2028 ¥185.0 billion / Operating profit Fiscal 2025 ¥7.8 billion → fiscal 2028 ¥10.2 billion / Operating profit margin Fiscal 2025 5.1% → fiscal 2028 5.5% |
| Plan assumptions | Rising geopolitical risks, Widening economic disparities, Anti-globalization, Rebuilding the Supply Chain, Industry Consolidation, Growing focus on sustainability, Demographic changes, Need for strategies tailored to the characteristics of each region, The impact of trends in the trade policies of individual countries and heightened tensions in the Middle East concerning Iran has not been incorporated into the plan at this time. |
| Key initiatives | Accelerate expansion into areas of the global market, Enter new overseas areas, Expand the range of products handled in existing areas, Strategy focused on capital efficiency, Strengthen the dividend policy, Growth investment in the business, Enhancing the management platform, Human capital strategy toward the desired future state, Promoting Sustainability Management, Optimizing the Business Portfolio, Develop high-value-added products, Increasing the Overseas Revenue Ratio, Enhancement of shareholder returns, Strategic business investment (M&A), Transform management and the business through DX, Address material issues, Human Resources Development, Strengthen supply chain management, Governance Enhancement |
| Results under the previous plan | Initial fiscal 2025 plan: revenue of ¥360.0 billion, profit before income taxes of ¥16.0 billion, net income attributable to owners of the parent of ¥11.0 billion, ROA of at least 7%, ROE of at least 12%, ROIC of approximately 10%, standalone sales of sustainable products of ¥50.0 billion, and total DX investment of approximately ¥5.0 billion → Fiscal 2025 actual: revenue of ¥299.3 billion, profit before income taxes of ¥14.2 billion, net income attributable to owners of the parent of ¥12.0 billion, ROA of 8.0%, ROE of 12.4%, ROIC of 11.1%, standalone sales of sustainable products of ¥31.5 billion, and total DX investment of ¥5.5 billion |
| Risks identified | Trends in the trade policies of individual countries, Heightened tensions in the Middle East concerning Iran, Supply-Chain Disruption, Fluctuations in energy and other raw material prices, Changes in and fluidity of the value chain due to geopolitical risks, Contraction of the domestic market and labor shortages due to population decline, Global inflation, rising interest rates and sharp currency fluctuations, Market contraction and declining competitive advantage, Tightening regulations on the environment and biodiversity |
| Date of board resolution | 28 April 2026 |
| Publication date | 28 April 2026 |
Items this document does not state (6)
Treasury share acquisition policyCost of capitalTotal investment planNon-financial targetsReason 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.The Company determined that it needs to expand its business domains by placing greater emphasis on overseas markets as a source of growth, and strengthen cross-border business centered on China and ASEAN. It also determined that proactive investment is necessary to strengthen the supply chain, pursue M&A to expand its business domains, and invest in highly specialized talent and DX.
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.