Worth reading
54Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet income for the current fiscal year+0.1%
基準 2,026Target2,028million
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.
What happened to the previous planNot disclosed → Progressing as planned
Statements about the use of capital
Payout ratio / DOE policyThe basic policy is to continue stable dividends. Period covered: going forwardThe payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Support for regional revitalization
02Support for decarbonization and primary industries
03Enhancing Earnings Power
04Strengthening Organisational Capabilities
05Ongoing support to maintain and expand the number of businesses
06Support for business growth through proposals aimed at solving business issues
07Financial support for customers' everyday lives
08Decarbonization Support
09Support for Primary Industries
10Increase in profits from customer services and other activities
11Strengthen group transactions
12Strengthening the sales promotion structure
13Enhancement of the Risk Management Framework
14Human Capital Development
Plan assumptionsThe population in the operating area is declining, and the number of businesses is also trending downward each year., Establish new business models in fields that are less affected by demographic changes., A challenging business environment continues, including high prices and soaring energy costs., In an environment with positive interest rates, the importance of deposit funding as a source of funds for investment is increasing
Non-financial targetsIndicator Holders of decarbonization advisor qualifications / Target value 200 people / Timing By the end of March 2028, Indicator Number of equity investments by primary-sector operators / Target value 2 items / Timing Fiscal year ending March 2027, Indicator Increase in the number of business lending customers / Target value 100 businesses annually / Timing Each fiscal year, Indicator Results from carbon credit sales and brokerage / Target value 600t / Timing FY2025
Risks identified by the company
Impact of the situation in the Middle East
Downward pressure on corporate earnings from US tariff policies
Deterioration in the terms of trade due to higher crude oil prices
Downward pressure on households' real incomes from rising prices
Declining population and a decrease in the number of businesses
Labor Shortages
Sharp foreign exchange fluctuations
Persistently high raw material prices
Cybersecurity risks associated with the increasing sophistication and complexity of financial crime
Market Risk
Credit Risk
Liquidity Risk
Operational risk
Reason for revision or withdrawal
In preparing the Second Medium-Term Management Plan, the Long-Term Management Plan roadmap was revised based on progress to date and the outlook ahead.
| Item | Details |
|---|---|
| Plan name | Second Medium-Term Management Plan / Management Enhancement Plan |
| Plan period | April 2025 to March 2028 (Second Medium-Term Management Plan and Management Enhancement Plan); the Long-Term Management Plan covers 15 years, through the end of March 2037 |
| Progress against the plan | Annual update |
| Net income target | Actual for the fiscal year ending March 2026: ¥1.64 billion → Management target for the fiscal year ending March 2028: ¥2 billion（Approximately 22.0%） |
| Payout ratio / DOE policy | The basic policy is to continue stable dividends. Period covered: going forward |
| Non-financial targets | Indicator Holders of decarbonization advisor qualifications / Target value 200 people / Timing By the end of March 2028, Indicator Number of equity investments by primary-sector operators / Target value 2 items / Timing Fiscal year ending March 2027, Indicator Increase in the number of business lending customers / Target value 100 businesses annually / Timing Each fiscal year, Indicator Results from carbon credit sales and brokerage / Target value 600t / Timing FY2025 |
| Plan assumptions | The population in the operating area is declining, and the number of businesses is also trending downward each year., Establish new business models in fields that are less affected by demographic changes., A challenging business environment continues, including high prices and soaring energy costs., In an environment with positive interest rates, the importance of deposit funding as a source of funds for investment is increasing |
| Key initiatives | Support for regional revitalization, Support for decarbonization and primary industries, Enhancing Earnings Power, Strengthening Organisational Capabilities, Ongoing support to maintain and expand the number of businesses, Support for business growth through proposals aimed at solving business issues, Financial support for customers' everyday lives, Decarbonization Support, Support for Primary Industries, Increase in profits from customer services and other activities, Strengthen group transactions, Strengthening the sales promotion structure, Enhancement of the Risk Management Framework, Human Capital Development |
| Results under the previous plan | Not disclosed → Progressing as planned |
| Reason for revision or withdrawal | In preparing the Second Medium-Term Management Plan, the Long-Term Management Plan roadmap was revised based on progress to date and the outlook ahead. |
| Risks identified | Impact of the situation in the Middle East, Downward pressure on corporate earnings from US tariff policies, Deterioration in the terms of trade due to higher crude oil prices, Downward pressure on households' real incomes from rising prices, Declining population and a decrease in the number of businesses, Labor Shortages, Sharp foreign exchange fluctuations, Persistently high raw material prices, Cybersecurity risks associated with the increasing sophistication and complexity of financial crime, Market Risk, Credit Risk, Liquidity Risk, Operational risk |
| Publication date | 25 September 2026 |
Items this document does not state (13)
Sales TargetOperating profit targetOperating profit margin targetROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetSize 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.In preparing the Second Medium-Term Management Plan, the company explained that it had revised 3 items in the Long-Term Management Plan roadmap based on progress to date and the outlook ahead. It cited improvements in business conditions, particularly among rice farmers, against the backdrop of higher rice prices and other factors, as well as progress in repaying borrowings, as reasons why the outstanding balance of loans to primary-sector businesses fell below target.
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