Worth reading
77Important
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
Updated the progress and future initiativesROE-2,018.0pt
基準 2,026Target8％
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).
Net SalesNot disclosed → ¥500 billion or more
Operating profit marginNot disclosed → 4.5% or more
Only the target level is shown because the current level for comparison was not provided.What happened to the previous plan¥9.5 billion (quantitative net income target for the fiscal year ended February 2026) → ¥9.409 billion (actual for the fiscal year ended February 2026)（Approximately -1.0%）0.0%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyDividend payout ratio of 30% or more and progressive dividends. The dividend policy will remain progressive dividends through the fiscal year ending February 2027.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 policyFlexible share repurchases and cancellations. The specific amount, timing and conditions of the repurchases are Not disclosed.
Cost of capital4.5～8.0％The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share pricePBR has remained below 1x for an extended period. The company aims to achieve a PBR of 1x. PBR was 0.76x for the fiscal year ended February 2026, and the share price at the fiscal year-end was ¥3,000.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Strengthening sales capabilities
02Productivity Improvement
03Open and renovate stores in dominant areas
04Establish store formats
05Increase customer numbers and address the needs of families raising children
06Revitalize the apparel and home-related businesses
07Control gross profit margins
08Review distribution channels and improve purchasing margins
09Make effective use of process centers
10Review expenses
11Advance sustainability initiatives (ESG and human capital)
12Strengthening Investor Relations Activities
13Clarify the shareholder return policy
Non-financial targetsIndicator Percentage of Female Managers / Target value 20% or higher / Timing 2030, Indicator CO2 emissions (Scopes 1 and 2) / Target value 46% reduction from fiscal 2013 / Timing 2030, Indicator Food waste / Target value 50% reduction from fiscal 2019 / Timing 2030
Reason for revision or withdrawal
The company updated the progress and future initiatives relating to the measures announced on 4 April 2024. As its PBR has remained below 1x for an extended period, it will work even more actively to enhance corporate value.
| Item | Details |
|---|---|
| Plan name | 5th Medium-Term Management Plan |
| Plan period | FY ending February 2025–FY ending February 2030 |
| Progress against the plan | Updated the progress and future initiatives |
| Sales Target | Not disclosed → ¥500 billion or more |
| Operating profit margin target | Not disclosed → 4.5% or more |
| ROE target | 4.9% actual for the fiscal year ended February 2026 → 8.0％ |
| Payout ratio / DOE policy | Dividend payout ratio of 30% or more and progressive dividends. The dividend policy will remain progressive dividends through the fiscal year ending February 2027. |
| Treasury share acquisition policy | Flexible share repurchases and cancellations. The specific amount, timing and conditions of the repurchases are Not disclosed. |
| Cost of capital | 4.5～8.0％ |
| Self-assessment of PBR and share price | PBR has remained below 1x for an extended period. The company aims to achieve a PBR of 1x. PBR was 0.76x for the fiscal year ended February 2026, and the share price at the fiscal year-end was ¥3,000. |
| Non-financial targets | Indicator Percentage of Female Managers / Target value 20% or higher / Timing 2030, Indicator CO2 emissions (Scopes 1 and 2) / Target value 46% reduction from fiscal 2013 / Timing 2030, Indicator Food waste / Target value 50% reduction from fiscal 2019 / Timing 2030 |
| Key initiatives | Strengthening sales capabilities, Productivity Improvement, Open and renovate stores in dominant areas, Establish store formats, Increase customer numbers and address the needs of families raising children, Revitalize the apparel and home-related businesses, Control gross profit margins, Review distribution channels and improve purchasing margins, Make effective use of process centers, Review expenses, Advance sustainability initiatives (ESG and human capital), Strengthening Investor Relations Activities, Clarify the shareholder return policy |
| Results under the previous plan | ¥9.5 billion (quantitative net income target for the fiscal year ended February 2026) → ¥9.409 billion (actual for the fiscal year ended February 2026)（Approximately -1.0%） |
| Reason for revision or withdrawal | The company updated the progress and future initiatives relating to the measures announced on 4 April 2024. As its PBR has remained below 1x for an extended period, it will work even more actively to enhance corporate value. |
| Publication date | 2 April 2026 |
Items this document does not state (10)
Operating profit targetNet income targetROIC targetTotal investment planInvestment amount by sectorSegment targetPlan assumptionsSize 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 updated the progress and future initiatives relating to the measures announced on 4 April 2024. As its PBR has remained below 1x for an extended period, the company stated that it will work to enhance corporate value.
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.