Worth reading
70In 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
-80
¥100 million (final-year sales target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales-16.0%
基準 500Target420Hundreds of millions of yen
Net income for the current fiscal year+50.0%
基準 2Target3Hundreds of millions of yen
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. The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
ROENot disclosed → At least 10%
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planSales of ¥50 billion, ordinary profit of ¥2 billion, and cumulative net income of ¥2 billion → Sales of ¥36.33 billion and ordinary profit of ¥1.16 billion (as shown in the graph). Ordinary profit of ¥2 billion was achieved in fiscal 2024.+3,948.0%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyThe Company will target a dividend payout ratio of 30–50% and place the highest priority on stable dividend payments. The applicable period is not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Continuous review of the business portfolio
02Growth direction and specific new initiatives
03Human Capital Investment
04Shareholder Returns
Plan assumptionsThe household goods market is becoming increasingly mature, and substantial quantitative expansion is unlikely going forward. The Company recognizes that the risks of earnings volatility and changes in consumer demand are expanding and diversifying due to factors including rising geopolitical risks, the end of the deflationary era and the arrival of an inflationary society, and the rapid spread of AI.
Risks identified by the company
Rising geopolitical risks
Risk of earnings volatility
Risks to supply chain stability and continuity
Changes in consumer demand patterns
Diversification of opportunities and risks arising from the rapid spread of AI and other factors
Reason for revision or withdrawal
The Company reviewed the high earnings volatility during the period of the previous medium-term management strategy, “SANYEI 2025,” and the further increase in uncertainty in the external environment in recent years. It has once again recognized the stability of demand for daily necessities and aims to achieve steady and reliable growth.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan SANYEI NEXT 2028 |
| Plan period | 3 years beginning in fiscal 2026 (fiscal 2026–fiscal 2028) |
| Progress against the plan | Formulated |
| Sales Target | 500 Hundreds of millions of yen → 420 Hundreds of millions of yen（-16.0%） |
| Net income target | Cumulative ¥2 billion → Cumulative ¥3 billion (¥1.4 billion in the final year)（50% increase） |
| ROE target | Not disclosed → At least 10% |
| Payout ratio / DOE policy | The Company will target a dividend payout ratio of 30–50% and place the highest priority on stable dividend payments. The applicable period is not disclosed. |
| Plan assumptions | The household goods market is becoming increasingly mature, and substantial quantitative expansion is unlikely going forward. The Company recognizes that the risks of earnings volatility and changes in consumer demand are expanding and diversifying due to factors including rising geopolitical risks, the end of the deflationary era and the arrival of an inflationary society, and the rapid spread of AI. |
| Key initiatives | Continuous review of the business portfolio, Growth direction and specific new initiatives, Human Capital Investment, Shareholder Returns |
| Results under the previous plan | Sales of ¥50 billion, ordinary profit of ¥2 billion, and cumulative net income of ¥2 billion → Sales of ¥36.33 billion and ordinary profit of ¥1.16 billion (as shown in the graph). Ordinary profit of ¥2 billion was achieved in fiscal 2024. |
| Reason for revision or withdrawal | The Company reviewed the high earnings volatility during the period of the previous medium-term management strategy, “SANYEI 2025,” and the further increase in uncertainty in the external environment in recent years. It has once again recognized the stability of demand for daily necessities and aims to achieve steady and reliable growth. |
| Risks identified | Rising geopolitical risks, Risk of earnings volatility, Risks to supply chain stability and continuity, Changes in consumer demand patterns, Diversification of opportunities and risks arising from the rapid spread of AI and other factors |
| Date of board resolution | 14 May 2026 |
| Publication date | 14 May 2026 |
Items this document does not state (11)
Operating profit targetOperating profit margin targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsSize 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 reviewed the high earnings volatility during the period of the previous medium-term management strategy, “SANYEI 2025,” and the further increase in uncertainty in the external environment in recent years. Having recognized the stability of demand for daily necessities, it aims to achieve steady and reliable growth.
How to read this page
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