Worth reading
64In focus
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
150
¥15.0 billion increase in the sales target for the fiscal year ending March 2027Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Partial update (upward revision)Net Sales+1.9%
基準 7,700Target7,850million
Operating profit+13.0%
基準 270Target305million
Operating profit margin+0.4pt
基準 3.5Target3.9%
Net income for the current fiscal year0.0%
基準 200Target200million
ROE+1.0pt
基準 2,026Target2,027%
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).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
What happened to the previous planPlan for the fiscal year ended March 2025: net sales of ¥735.0 billion, operating profit of ¥20.0 billion, operating margin of 2.7%, and net income of ¥12.0 billion. Single-year plan for the fiscal year ending March 2026: net sales of ¥755.0 billion, operating profit of ¥23.0 billion, operating margin of 2.8%, and net income of ¥10.0 billion. → Actual results for the fiscal year ended March 2025: net sales of ¥738.0 billion, operating profit of ¥21.8 billion, operating margin of 3.0%, and net income of ¥9.5 billion. Actual results for the fiscal year ended March 2026: net sales of ¥759.7 billion, operating profit of ¥26.8 billion, operating margin of 3.5%, and net income of ¥14.3 billion.0.0%Calculated from the two disclosed figures
Investment amount by sectorField Store Capital Expenditure / Amount ¥40 billion, Field Growth Investment / Amount ¥20.0 billion or more
Statements about the use of capital
Payout ratio / DOE policyTarget total payout ratio of 80% and target dividend payout ratio of 40%. During the period of Medium-Term Management Plan 2027, the annual dividend will be at least ¥48 per share.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 policyThe company will conduct share buybacks flexibly.
Key initiatives
01Improve the profitability of existing stores by reassessing efficiency and renovating stores, while promoting a dominant market presence through a scrap-and-build strategy
02Improve labor productivity through investment in human capital
03Contain the selling, general and administrative expense ratio
04Improve the convenience of the online shop and Anshin Passport app and expand sales
05Improve the efficiency of store operations
06Strengthen the platform and improve head-office efficiency by replacing internal systems
07Improve profit margins and efficiency
08Reduce shareholders' equity
09Reduce the cost of equity
Non-financial targetsIndicator Number of regular employees hired / Target value 550 people cumulatively over 3 years / Timing During the period of Medium-Term Management Plan 2027, Indicator Percentage of regular employee hires who are women / Target value At least 30% each year / Timing Each year, Indicator Percentage of Female Managers / Target value 5% or more / Timing Not disclosed, Indicator Percentage of employees certified as home-appliance advisors / Target value 33% / Timing Not disclosed, Indicator Paid leave utilization rate / Target value At least 60% / Timing Not disclosed
Risks identified by the company
Weather Factors
Tax policy and government measures
Coronavirus
Shortages of semiconductors and HDDs
Inflation and consumers' defensive spending mindset
Deterioration in the situation in the Middle East at fiscal year-end
Sharp share-price fluctuations
Reason for revision or withdrawal
In light of business performance trends, the net sales and operating profit targets among the management indicator targets were revised upward. Net sales and operating profit were revised upward based on expectations for strong air-conditioner sales. In conjunction with setting the dividend forecast for the fiscal year ending March 2027 at ¥48 per share for the year, the minimum annual dividend was revised from ¥46 to ¥48 per share.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2027 |
| Plan period | Three-year plan covering the fiscal years ending March 2025 through March 2027 |
| Progress against the plan | Partial update (upward revision) |
| Sales Target | ¥7,700 million → ¥7,850 million |
| Operating profit target | ¥270 million → ¥305 million |
| Operating profit margin target | 3.5 % → 3.9 % |
| Net income target | ¥200 million → ¥200 million |
| ROE target | 5.7% (actual for the fiscal year ended March 2026) → 8.0% (target for the fiscal year ending March 2027) |
| Payout ratio / DOE policy | Target total payout ratio of 80% and target dividend payout ratio of 40%. During the period of Medium-Term Management Plan 2027, the annual dividend will be at least ¥48 per share. |
| Treasury share acquisition policy | The company will conduct share buybacks flexibly. |
| Investment amount by sector | Field Store Capital Expenditure / Amount ¥40 billion, Field Growth Investment / Amount ¥20.0 billion or more |
| Non-financial targets | Indicator Number of regular employees hired / Target value 550 people cumulatively over 3 years / Timing During the period of Medium-Term Management Plan 2027, Indicator Percentage of regular employee hires who are women / Target value At least 30% each year / Timing Each year, Indicator Percentage of Female Managers / Target value 5% or more / Timing Not disclosed, Indicator Percentage of employees certified as home-appliance advisors / Target value 33% / Timing Not disclosed, Indicator Paid leave utilization rate / Target value At least 60% / Timing Not disclosed |
| Key initiatives | Improve the profitability of existing stores by reassessing efficiency and renovating stores, while promoting a dominant market presence through a scrap-and-build strategy, Improve labor productivity through investment in human capital, Contain the selling, general and administrative expense ratio, Improve the convenience of the online shop and Anshin Passport app and expand sales, Improve the efficiency of store operations, Strengthen the platform and improve head-office efficiency by replacing internal systems, Improve profit margins and efficiency, Reduce shareholders' equity, Reduce the cost of equity |
| Results under the previous plan | Plan for the fiscal year ended March 2025: net sales of ¥735.0 billion, operating profit of ¥20.0 billion, operating margin of 2.7%, and net income of ¥12.0 billion. Single-year plan for the fiscal year ending March 2026: net sales of ¥755.0 billion, operating profit of ¥23.0 billion, operating margin of 2.8%, and net income of ¥10.0 billion. → Actual results for the fiscal year ended March 2025: net sales of ¥738.0 billion, operating profit of ¥21.8 billion, operating margin of 3.0%, and net income of ¥9.5 billion. Actual results for the fiscal year ended March 2026: net sales of ¥759.7 billion, operating profit of ¥26.8 billion, operating margin of 3.5%, and net income of ¥14.3 billion. |
| Reason for revision or withdrawal | In light of business performance trends, the net sales and operating profit targets among the management indicator targets were revised upward. Net sales and operating profit were revised upward based on expectations for strong air-conditioner sales. In conjunction with setting the dividend forecast for the fiscal year ending March 2027 at ¥48 per share for the year, the minimum annual dividend was revised from ¥46 to ¥48 per share. |
| Risks identified | Weather Factors, Tax policy and government measures, Coronavirus, Shortages of semiconductors and HDDs, Inflation and consumers' defensive spending mindset, Deterioration in the situation in the Middle East at fiscal year-end, Sharp share-price fluctuations |
| Publication date | 8 May 2026 |
Items this document does not state (8)
ROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planSegment 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.Sales and operating profit targets were revised upward "in light of business performance trends." In addition, given expectations for strong air-conditioner sales, the annual dividend forecast was set at ¥48 per share, and the minimum dividend was revised from ¥46 to ¥48 per share.
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.