Worth reading
25Immaterial
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
5
Increase in the target total payout ratio (percentage points)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Date of board resolution12 May 2026
Publication date12 May 2026
This document does not state the plan name, plan period, or numerical targets.
Statements about the use of capital
Payout ratio / DOE policyThe target total payout ratio is 35% or higher, of which a dividend payout ratio of 30% or higher will serve as a guideline. The policy will apply from fiscal 2026 (the fiscal year ending March 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 policyThe Company plans to conduct share buybacks flexibly. No specific details were provided regarding the acquisition limit, timing or terms.
Key initiatives
01Progressive dividends supported by earnings growth
02Flexible share buybacks
Reason for revision or withdrawal
The Company decided to change its shareholder return policy in order to further enhance returns to shareholders, taking into account progress in strengthening its financial position and other factors.
| Item | Details |
|---|---|
| Payout ratio / DOE policy | The target total payout ratio is 35% or higher, of which a dividend payout ratio of 30% or higher will serve as a guideline. The policy will apply from fiscal 2026 (the fiscal year ending March 2027). |
| Treasury share acquisition policy | The Company plans to conduct share buybacks flexibly. No specific details were provided regarding the acquisition limit, timing or terms. |
| Key initiatives | Progressive dividends supported by earnings growth, Flexible share buybacks |
| Reason for revision or withdrawal | The Company decided to change its shareholder return policy in order to further enhance returns to shareholders, taking into account progress in strengthening its financial position and other factors. |
| Date of board resolution | 12 May 2026 |
| Publication date | 12 May 2026 |
Items this document does not state (19)
Plan namePlan periodProgress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planSize of the Target MarketRisks identified
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.To further enhance returns to shareholders in light of progress in strengthening the Company’s financial position and other factors.
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.