Worth reading
67In focus
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
150
¥100 million or moreWording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.1%
基準 2,025Target2,028Hundreds of millions of yen
Operating profit+0.1%
基準 2,025Target2,028Hundreds of millions of yen
ROE+3.0pt
基準 2,025Target2,028%
ROIC+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.
What happened to the previous planConsolidated revenue of ¥290 billion, consolidated operating profit of ¥6.8 billion, ROIC of 5% or higher, consolidated overseas revenue of ¥58 billion or more, and investment of ¥13 billion or more → Consolidated revenue of ¥292.1 billion, consolidated operating profit of ¥7.673 billion, ROIC of 5.4%, consolidated overseas revenue of ¥66.643 billion, and investment of ¥14.061 billion（Revenue 100.8%, operating profit 112.8%, overseas revenue 114.9%, investment 106.5%）+0.7%Calculated from the two disclosed figures
Total investment planTotal of ¥15 billion or more over the 3-year period of the Fourth Medium-Term Management Plan (¥15,400 million in total according to the investment category table)
Investment amount by sectorField Sites/facilities / Amount ¥9.8 billion, Field M&A and other investments / Amount ¥4,000 million, Field IT Investment / Amount ¥1,300 million, Field Human resources investment / Amount ¥300 million
Statements about the use of capital
Payout ratio / DOE policyDuring the period of the Fourth Medium-Term Management Plan, the dividend payout ratio will be at least 30% of consolidated deemed net income, with a minimum DOE of 2.7%.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 continue to consider share repurchases while taking into account progress in cash allocation.
Cost of capitalWACC was 5.2% for the fiscal year ended March 2025 and 5.3% for the fiscal year ending March 2026.The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share priceThe share price reached ¥2,357 at the end of the fiscal year ending March 2026, 1.58 times the previous year's level, and PBR rose from 0.45 times to 0.63 times, but remains below 1.0 times. The Company aims to achieve a PBR of 1.0 times or higher in the final year of the Fourth Medium-Term Management Plan.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Active investment and the provision of products and services to meet customer needs
02Strengthening legal compliance and information security systems
03Improving employee engagement through increased human capital investment
04Strengthening and stabilizing shareholder returns
05Enhancing value by reviewing the business portfolio and optimizing the Group
06Promoting decarbonization initiatives
07Creating employment through investment activities
08Expanding the business and strengthening earnings power through M&A, facility investment and other initiatives
09Optimizing the domestic sales network
10Promoting sales expansion through further strengthening relationships with capital and business alliance partners
11Promoting proactive sales of advanced materials and high-value-added products
12Expanding the business and strengthening earnings power through M&A, facility investment and proactive overseas expansion
13Promoting proactive sales of high-value-added products, electronic components and processed products
14Strengthening partnerships with design and engineering partners
15Promoting sales activities to capture demand for logistics automation and related needs
16Promoting overseas sales activities through proactive participation in overseas trade shows and other initiatives
17Promoting investment activities aimed at raising awareness of the Company's brands and developing new businesses
18Promoting the development and sale of environmentally friendly products and products that improve working conditions
19Strengthening staffing systems to handle individual construction projects
20Proactively expanding business areas in Southeast Asia, India and other markets through active overseas investment and the establishment of new locations
21Promoting sales activities by sharing information among Group companies and utilizing the Group's network
22Proactively recruiting global talent and strengthening development programs for such personnel
Non-financial targetsIndicator Investment in employee training and development per employee / Target value ¥100,000–¥150,000 / Timing Annual, Indicator Percentage of men taking parental leave / Target value 50% or higher / Timing Not disclosed, Indicator Consolidated hiring of career-track employees / Target value Approximately 40 people annually / Timing Annual, Indicator Percentage of women among new graduates hired / Target value 20% / Timing Not disclosed, Indicator Percentage of Female Managers / Target value 5% / Timing Not disclosed
Risks identified by the company
Decline in personal consumption due to sustained inflation
Heightened geopolitical risk due to increasing instability in the Middle East
Actual results may differ from the target figures in the future due to various factors
Reason for revision or withdrawal
To pursue further growth toward becoming a “100-year company,” while emphasizing returns to multiple stakeholders. Also, to further enhance the stability of shareholder returns.
| Item | Details |
|---|---|
| Plan name | Fourth Medium-Term Management Plan (FY2026–FY2028) |
| Plan period | FY2026-FY2028 |
| Progress against the plan | Formulated |
| Sales Target | ¥292.1 billion (FY2025 actual) → ¥320 billion (FY2028 target)（+approximately 10%） |
| Operating profit target | ¥7.6 billion (FY2025 actual) → ¥9 billion (FY2028 target)（+approximately 17%） |
| ROE target | 9.1% (FY2025 actual) → 8.0% or higher (FY2028 target) |
| ROIC target | 5.4% (FY2025 actual) → 6.0% (FY2028 target) |
| Payout ratio / DOE policy | During the period of the Fourth Medium-Term Management Plan, the dividend payout ratio will be at least 30% of consolidated deemed net income, with a minimum DOE of 2.7%. |
| Treasury share acquisition policy | The Company will continue to consider share repurchases while taking into account progress in cash allocation. |
| Cost of capital | WACC was 5.2% for the fiscal year ended March 2025 and 5.3% for the fiscal year ending March 2026. |
| Self-assessment of PBR and share price | The share price reached ¥2,357 at the end of the fiscal year ending March 2026, 1.58 times the previous year's level, and PBR rose from 0.45 times to 0.63 times, but remains below 1.0 times. The Company aims to achieve a PBR of 1.0 times or higher in the final year of the Fourth Medium-Term Management Plan. |
| Total investment plan | Total of ¥15 billion or more over the 3-year period of the Fourth Medium-Term Management Plan (¥15,400 million in total according to the investment category table) |
| Investment amount by sector | Field Sites/facilities / Amount ¥9.8 billion, Field M&A and other investments / Amount ¥4,000 million, Field IT Investment / Amount ¥1,300 million, Field Human resources investment / Amount ¥300 million |
| Non-financial targets | Indicator Investment in employee training and development per employee / Target value ¥100,000–¥150,000 / Timing Annual, Indicator Percentage of men taking parental leave / Target value 50% or higher / Timing Not disclosed, Indicator Consolidated hiring of career-track employees / Target value Approximately 40 people annually / Timing Annual, Indicator Percentage of women among new graduates hired / Target value 20% / Timing Not disclosed, Indicator Percentage of Female Managers / Target value 5% / Timing Not disclosed |
| Key initiatives | Active investment and the provision of products and services to meet customer needs, Strengthening legal compliance and information security systems, Improving employee engagement through increased human capital investment, Strengthening and stabilizing shareholder returns, Enhancing value by reviewing the business portfolio and optimizing the Group, Promoting decarbonization initiatives, Creating employment through investment activities, Expanding the business and strengthening earnings power through M&A, facility investment and other initiatives, Optimizing the domestic sales network, Promoting sales expansion through further strengthening relationships with capital and business alliance partners, Promoting proactive sales of advanced materials and high-value-added products, Expanding the business and strengthening earnings power through M&A, facility investment and proactive overseas expansion, Promoting proactive sales of high-value-added products, electronic components and processed products, Strengthening partnerships with design and engineering partners, Promoting sales activities to capture demand for logistics automation and related needs, Promoting overseas sales activities through proactive participation in overseas trade shows and other initiatives, Promoting investment activities aimed at raising awareness of the Company's brands and developing new businesses, Promoting the development and sale of environmentally friendly products and products that improve working conditions, Strengthening staffing systems to handle individual construction projects, Proactively expanding business areas in Southeast Asia, India and other markets through active overseas investment and the establishment of new locations, Promoting sales activities by sharing information among Group companies and utilizing the Group's network, Proactively recruiting global talent and strengthening development programs for such personnel |
| Results under the previous plan | Consolidated revenue of ¥290 billion, consolidated operating profit of ¥6.8 billion, ROIC of 5% or higher, consolidated overseas revenue of ¥58 billion or more, and investment of ¥13 billion or more → Consolidated revenue of ¥292.1 billion, consolidated operating profit of ¥7.673 billion, ROIC of 5.4%, consolidated overseas revenue of ¥66.643 billion, and investment of ¥14.061 billion（Revenue 100.8%, operating profit 112.8%, overseas revenue 114.9%, investment 106.5%） |
| Reason for revision or withdrawal | To pursue further growth toward becoming a “100-year company,” while emphasizing returns to multiple stakeholders. Also, to further enhance the stability of shareholder returns. |
| Risks identified | Decline in personal consumption due to sustained inflation, Heightened geopolitical risk due to increasing instability in the Middle East, Actual results may differ from the target figures in the future due to various factors |
| Date of board resolution | 8 May 2026 |
| Publication date | 8 May 2026 |
Items this document does not state (5)
Operating profit margin targetNet income targetSegment targetPlan 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 pursue further growth toward becoming a “100-year company,” while emphasizing returns to multiple stakeholders. Also, to further enhance the stability of shareholder returns.
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.