Worth reading
22Immaterial
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
80
¥100 millionWording
Conditional
How definitive the wording is.Items stated in the management plan
Statements about the use of capital
Payout ratio / DOE policyThe company plans to consider a broad range of measures to improve capital efficiency, including enhancing shareholder returns. Numerical targets and the target period are Not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Self-assessment of PBR and share priceThe company recognizes that its price-to-book ratio is low and that its market capitalization is below shareholders' equity. The closing share price on 1 June 2026 was ¥210, while the company's estimate of substantial net assets per share was approximately ¥415. The difference was approximately ¥205, and the share price was approximately 51% of substantial net assets.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Maximizing cash on hand by shifting to experiential commerce (spending on experiences)
02Participation in the Yokosuka City Otaki-cho 1-chome District Redevelopment Project
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Payout ratio / DOE policy | The company plans to consider a broad range of measures to improve capital efficiency, including enhancing shareholder returns. Numerical targets and the target period are Not disclosed. |
| Self-assessment of PBR and share price | The company recognizes that its price-to-book ratio is low and that its market capitalization is below shareholders' equity. The closing share price on 1 June 2026 was ¥210, while the company's estimate of substantial net assets per share was approximately ¥415. The difference was approximately ¥205, and the share price was approximately 51% of substantial net assets. |
| Key initiatives | Maximizing cash on hand by shifting to experiential commerce (spending on experiences), Participation in the Yokosuka City Otaki-cho 1-chome District Redevelopment Project |
| Publication date | 2 June 2026 |
Items this document does not state (20)
Plan periodProgress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetTreasury 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 MarketRisks identifiedDate 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.The company's share price and market capitalization in the market show a significant divergence from the substantial net asset value recognized by the company, raising the possibility that the value of its assets and future earnings potential are not fully reflected.
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.