Worth reading
20Immaterial
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedROENot disclosed → 5.7 (actual for the fiscal year ending March 2026)
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Self-assessment of PBR and share priceThe company has maintained a PBR above 1x. For the fiscal year ending March 2026, the share price was ¥3,980, market capitalization was ¥8,849 million, PBR was 1.25x, and PER was 22.9x. The company considers its PER to be above the 15x market average.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Expand the handling of fresh seafood and strengthen the processing, manufacturing and sales business for frozen seafood
02Promote diversity and build a resilient organizational structure by expanding recruitment
03Promote logistics efficiency inside and outside the market in response to the 2024 logistics problem
Risks identified by the company
Substantial provision for allowance for doubtful accounts and other items at a consolidated subsidiary
Insufficient earnings power in the core seafood wholesale business
A challenging recruitment environment
Higher logistics costs due to rising labor costs and other factors
It is difficult for the company to improve and streamline logistics on its own
| Item | Details |
|---|---|
| Plan name | Medium-term management plan “MF-2026” |
| Plan period | From fiscal 2024 (final year not specified) |
| Progress against the plan | Partially revised |
| ROE target | Not disclosed → 5.7 (actual for the fiscal year ending March 2026) |
| Self-assessment of PBR and share price | The company has maintained a PBR above 1x. For the fiscal year ending March 2026, the share price was ¥3,980, market capitalization was ¥8,849 million, PBR was 1.25x, and PER was 22.9x. The company considers its PER to be above the 15x market average. |
| Key initiatives | Expand the handling of fresh seafood and strengthen the processing, manufacturing and sales business for frozen seafood, Promote diversity and build a resilient organizational structure by expanding recruitment, Promote logistics efficiency inside and outside the market in response to the 2024 logistics problem |
| Risks identified | Substantial provision for allowance for doubtful accounts and other items at a consolidated subsidiary, Insufficient earnings power in the core seafood wholesale business, A challenging recruitment environment, Higher logistics costs due to rising labor costs and other factors, It is difficult for the company to improve and streamline logistics on its own |
| Publication date | 14 May 2026 |
Items this document does not state (17)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planReason for revision or withdrawalSize 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.No specific reasons have been provided for the plans that were abandoned. Regarding fluctuations in ROE, the company cited the impact of extraordinary gains and the substantial provision for allowance for doubtful accounts recorded by a consolidated subsidiary, among other factors. It attributed the increase in logistics costs to higher labor costs and other factors.
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.