Worth reading
54Recurring
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
400
Approximately ¥100 million (cumulative investment over 5 years)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedROE11.8% (plan for the fiscal year ending March 2026) → Not disclosed
ROICNot disclosed → At least 8% (fiscal year ending March 2031), at least 10% (2036)
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planA quantitative review is scheduled to be reported at the earnings presentation in May 2026
Total investment planApproximately ¥40 billion (cumulative over the 5 years from April 2026 to March 2031)
Investment amount by sectorField Strengthening the Business Platform / Amount Approximately ¥20 billion, Field Strengthening the Management Platform / Amount Approximately ¥17 billion, Field Human resources foundation strengthening / Amount Approximately ¥3 billion
Statements about the use of capital
Payout ratio / DOE policyDuring the medium-term management plan period (April 2026 to March 2031), the company will in principle maintain progressive dividends, target a consolidated shareholder return ratio of at least 35%, and set DOE of at least 3.5% as the minimum dividend level.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalCost of equity: 5.64–6.53% (as of the fiscal year ended March 2025)The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Key initiatives
01Developing talent that creates value
02Strengthening engineering and maintenance capabilities
03Promoting the circular economy
04Digitalization, robotics and operational efficiency at worksites
05Environment and Energy
06Resilience and security
07Overseas strategy
08YUASA PRIDE Project, Phase 2
09Governance Enhancement
10Management with a strong focus on the cost of capital and share price
11Continuing stable and flexible shareholder returns
Non-financial targetsIndicator Scope 1 and 2 carbon neutrality / Target value Carbon Neutrality / Timing FY2030, Indicator Expected annual reduction contribution from environmentally beneficial products / Target value Approximately 1 million t-CO2 / Timing Fiscal year ending March 2031, Indicator Number of overseas locations in India / Target value 8 locations / Timing By 2031
Risks identified by the company
Impacts of labor shortages and higher costs, including delays in delivery, construction schedules and shortages of skilled workers
Decline in the number of new housing starts
Decline in consumption associated with a decrease in the number of households
Increase in urban redevelopment
Aging infrastructure
Major transformation of the automotive industry driven by CASE and MaaS
Transformation of business models, including the shift from ownership to sharing and the transition to a circular economy
Intensifying competition due to AI
Practical implementation of physical AI
Growing demand for data centers
Structural changes in human capital and the labor market
Diversification of risks, including geopolitical risks and cyberattacks
Changes in demands from the capital markets
Reason for revision or withdrawal
On the financial front, the company will pursue profitability and growth with a strong focus on the cost of capital and fundamentally strengthen its overseas business. On the nonfinancial front, it will reform its organizational culture, promote women’s participation, develop next-generation talent, and further enhance governance and risk management.
| Item | Details |
|---|---|
| Plan name | Long-term vision “YUASA vision 370” and medium-term management plan “Reborn 2031” |
| Plan period | Long term: 2036 (370th anniversary of the company’s founding) / Medium term: April 2026 to March 2031 (5 years) |
| Progress against the plan | Formulated |
| ROE target | 11.8% (plan for the fiscal year ending March 2026) → Not disclosed |
| ROIC target | Not disclosed → At least 8% (fiscal year ending March 2031), at least 10% (2036) |
| Payout ratio / DOE policy | During the medium-term management plan period (April 2026 to March 2031), the company will in principle maintain progressive dividends, target a consolidated shareholder return ratio of at least 35%, and set DOE of at least 3.5% as the minimum dividend level. |
| Cost of capital | Cost of equity: 5.64–6.53% (as of the fiscal year ended March 2025) |
| Total investment plan | Approximately ¥40 billion (cumulative over the 5 years from April 2026 to March 2031) |
| Investment amount by sector | Field Strengthening the Business Platform / Amount Approximately ¥20 billion, Field Strengthening the Management Platform / Amount Approximately ¥17 billion, Field Human resources foundation strengthening / Amount Approximately ¥3 billion |
| Non-financial targets | Indicator Scope 1 and 2 carbon neutrality / Target value Carbon Neutrality / Timing FY2030, Indicator Expected annual reduction contribution from environmentally beneficial products / Target value Approximately 1 million t-CO2 / Timing Fiscal year ending March 2031, Indicator Number of overseas locations in India / Target value 8 locations / Timing By 2031 |
| Key initiatives | Developing talent that creates value, Strengthening engineering and maintenance capabilities, Promoting the circular economy, Digitalization, robotics and operational efficiency at worksites, Environment and Energy, Resilience and security, Overseas strategy, YUASA PRIDE Project, Phase 2, Governance Enhancement, Management with a strong focus on the cost of capital and share price, Continuing stable and flexible shareholder returns |
| Results under the previous plan | A quantitative review is scheduled to be reported at the earnings presentation in May 2026 |
| Reason for revision or withdrawal | On the financial front, the company will pursue profitability and growth with a strong focus on the cost of capital and fundamentally strengthen its overseas business. On the nonfinancial front, it will reform its organizational culture, promote women’s participation, develop next-generation talent, and further enhance governance and risk management. |
| Risks identified | Impacts of labor shortages and higher costs, including delays in delivery, construction schedules and shortages of skilled workers, Decline in the number of new housing starts, Decline in consumption associated with a decrease in the number of households, Increase in urban redevelopment, Aging infrastructure, Major transformation of the automotive industry driven by CASE and MaaS, Transformation of business models, including the shift from ownership to sharing and the transition to a circular economy, Intensifying competition due to AI, Practical implementation of physical AI, Growing demand for data centers, Structural changes in human capital and the labor market, Diversification of risks, including geopolitical risks and cyberattacks, Changes in demands from the capital markets |
| Publication date | 1 April 2026 |
Items this document does not state (10)
Sales TargetOperating profit targetOperating profit margin targetNet income targetTreasury share acquisition policySelf-assessment of PBR and share priceSegment 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.To achieve sustained growth by systematizing the experience and know-how developed to date and strengthening human resources and capabilities. The company will also pursue profitability and growth with a strong focus on the cost of capital, fundamentally strengthen its overseas business, reform its organizational culture, promote women’s participation, develop next-generation talent, and further enhance governance and risk management.
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.