Worth reading
40Recurring
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
100
¥100 million (sales target for the mid-2030s)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedNet SalesNot disclosed → Approximately ¥10 billion (mid-2030s)
Only the target level is shown because the current level for comparison was not provided.Key initiatives
01Domestic manufacturing of ST-OPV (transparent OPV)
02Performance evaluation and improvement through ST-OPV demonstration tests
03Validation and implementation of the ST-OPV business model
04Building resilience functions in areas where ST-OPV is deployed
05Transfer of manufacturing technology and evaluation of manufacturing equipment and materials
06Introduction of manufacturing facilities and equipment, and prototype production
07Development of the supply chain, broad-based deployment in urban and regional cities, and commencement of initial implementation
08Commencement of broad-based social implementation
Plan assumptionsShare of solar power generation in total power generation: 9.8% in FY2023, with a target of 23–29% in 2040, Domestic demand for transparent OPV products: tens of millions of square meters or more per year, Target markets: Japan and other Asian countries
Non-financial targetsIndicator name Planned production volume / Target value First year of production: annual production of 10,000 square meters, approximately 1 MW / Timing At the start of production (FY2029 onward), Indicator name Planned production volume / Target value Five years after the start of production: annual production of 1 million square meters, over approximately 0.1 GW / Timing Five years after the start of production
Size of the Target MarketTens of millions of square meters or more per year in Japan alone. The sources are described as "the Company's research" and "market research conducted by the Company over 6 years."
Risks identified by the company
Geopolitical Risk
Various import-related risks
Uncertainty in energy supply
Loss of external power supplies due to large-scale disasters and other events
| Item | Details |
|---|---|
| Plan name | Outline of the Plan for the New OPH Joint Venture |
| Plan period | Around 2026–2027, around 2027–2028, and FY2029 onward |
| Progress against the plan | Formulated |
| Sales Target | Not disclosed → Approximately ¥10 billion (mid-2030s) |
| Non-financial targets | Indicator name Planned production volume / Target value First year of production: annual production of 10,000 square meters, approximately 1 MW / Timing At the start of production (FY2029 onward), Indicator name Planned production volume / Target value Five years after the start of production: annual production of 1 million square meters, over approximately 0.1 GW / Timing Five years after the start of production |
| Plan assumptions | Share of solar power generation in total power generation: 9.8% in FY2023, with a target of 23–29% in 2040, Domestic demand for transparent OPV products: tens of millions of square meters or more per year, Target markets: Japan and other Asian countries |
| Key initiatives | Domestic manufacturing of ST-OPV (transparent OPV), Performance evaluation and improvement through ST-OPV demonstration tests, Validation and implementation of the ST-OPV business model, Building resilience functions in areas where ST-OPV is deployed, Transfer of manufacturing technology and evaluation of manufacturing equipment and materials, Introduction of manufacturing facilities and equipment, and prototype production, Development of the supply chain, broad-based deployment in urban and regional cities, and commencement of initial implementation, Commencement of broad-based social implementation |
| Size of the Target Market | Tens of millions of square meters or more per year in Japan alone. The sources are described as "the Company's research" and "market research conducted by the Company over 6 years." |
| Risks identified | Geopolitical Risk, Various import-related risks, Uncertainty in energy supply, Loss of external power supplies due to large-scale disasters and other events |
| Publication date | 20 May 2026 |
Items this document does not state (15)
Operating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetResults under the previous planReason for revision or withdrawalDate 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 advance the initiative following a comprehensive evaluation of the preliminary surveys and demonstration tests conducted after last year's strategic business partnership. Domestic manufacturing is expected to reduce geopolitical and various import-related risks and contribute to strengthening Japan's energy security and industrial competitiveness.
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.