Worth reading
75Important
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
2000
¥100 million (target net income attributable to owners of the parent for fiscal 2030)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet income for the current fiscal year+0.5%
基準 2,025Target2,035100 million
ROE+10.0pt
基準 2,025Target2,035％
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 plan¥100.0 billion (final-year target under Medium-Term Management Plan 2027) → ¥111.3 billion (fiscal 2025 actual)-0.1%Calculated from the two disclosed figures
Total investment planMore than ¥2 trillion in new growth investments through fiscal 2030 (based on segment asset balances)
Investment amount by sectorField Partnerships / Amount Approximately ¥500 billion / Details Investments through joint ventures and other arrangements with partners, Field M&A / Amount Approximately ¥1 trillion / Details Primarily domestic and overseas businesses, Field Other growth investments / Amount Approximately ¥500 billion / Details Expansion of the value chain and corporate investments
Statements about the use of capital
Payout ratio / DOE policyThe company targets a payout ratio of at least 35% and, as a basic policy, progressive dividends, with dividend increases driven by earnings growth. This policy applies during the period covered by Medium-Term Management Plan 2030.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 current assessment of PBR is not disclosed. The company says it aims to maximize TSR through an improvement in PER and achieve a market capitalization of approximately ¥5 trillion.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Business Portfolio Transformation
02Expand the value chain
03Advance the human capital strategy
04Strengthen the management platform and governance
05Transform the corporate culture
06Expand capabilities (value chain)
07Expand geographic coverage (global)
08Capital-light model (use of external capital)
Plan assumptionsExchange rate: $1 = ¥150
Segment targetSegment Domestic Business / FY25 net income ¥23.4 billion / FY30 net income target ¥32 billion / FY25 ROE 18％ / FY30 ROE target 24％, Segment International Business / FY25 net income ¥10.4 billion / FY30 net income target ¥35.0 billion / FY25 ROE 10％ / FY30 ROE target 11％, Segment Social infrastructure / FY25 net income ¥25 billion / FY30 net income target ¥45 billion / FY25 ROE 8％ / FY30 ROE target 10％, Segment Transportation / FY25 net income ¥31.3 billion / FY30 net income target ¥47.0 billion / FY25 ROE 10％ / FY30 ROE target 13％, Segment Mobility / FY25 net income ¥17.8 billion / FY30 net income target ¥30 billion / FY25 ROE 34％ / FY30 ROE target 44％, Segment Corporate Investment / FY25 net income ¥4.1 billion / FY30 net income target ¥22 billion / FY25 ROE 6％ / FY30 ROE target 16％, Segment Other / FY25 net income -¥13.7 billion / FY30 net income target -¥11.0 billion / FY25 ROE Not disclosed / FY30 ROE target Not disclosed
Non-financial targetsIndicator Employee engagement index / Target value Increase / Timing FY2027, Indicator Engagement score rating / Target value Increase / Timing Not disclosed, Indicator GHG emissions reduction / Target value 50% reduction from fiscal 2021 / Timing FY2030
Risks identified by the company
A return to a world with interest rates and changes in interest-rate conditions
Dramatic advances in AI
円安の進行
Normalization of geopolitical risks
Supply-chain restructuring
Reason for revision or withdrawal
The expansion of business areas in each segment and acceleration of asset turnover, among other factors, produced results, enabling the company to achieve the target in fiscal 2025, two years ahead of schedule. At the same time, uncertainty in the business environment surrounding the company has increased due to recent changes in interest-rate conditions, the rapid advancement of AI, and heightened geopolitical risks. The company viewed these changes in the macro environment as an opportunity for further growth.
| Item | Details |
|---|---|
| Plan name | Long-Term Vision 2035 and Medium-Term Management Plan 2030 |
| Plan period | Fiscal 2026–fiscal 2030 (Medium-Term Management Plan 2030); fiscal 2026–fiscal 2035 (Long-Term Vision 2035) |
| Progress against the plan | Formulated |
| Net income target | ¥111.3 billion (fiscal 2025 actual) → ¥200.0 billion (fiscal 2030); ¥400.0 billion (fiscal 2035) |
| ROE target | 10.4% (fiscal 2025 actual) → At least 12.5% (fiscal 2030); at least 15% (fiscal 2035) |
| Payout ratio / DOE policy | The company targets a payout ratio of at least 35% and, as a basic policy, progressive dividends, with dividend increases driven by earnings growth. This policy applies during the period covered by Medium-Term Management Plan 2030. |
| Self-assessment of PBR and share price | The current assessment of PBR is not disclosed. The company says it aims to maximize TSR through an improvement in PER and achieve a market capitalization of approximately ¥5 trillion. |
| Total investment plan | More than ¥2 trillion in new growth investments through fiscal 2030 (based on segment asset balances) |
| Investment amount by sector | Field Partnerships / Amount Approximately ¥500 billion / Details Investments through joint ventures and other arrangements with partners, Field M&A / Amount Approximately ¥1 trillion / Details Primarily domestic and overseas businesses, Field Other growth investments / Amount Approximately ¥500 billion / Details Expansion of the value chain and corporate investments |
| Segment target | Segment Domestic Business / FY25 net income ¥23.4 billion / FY30 net income target ¥32 billion / FY25 ROE 18％ / FY30 ROE target 24％, Segment International Business / FY25 net income ¥10.4 billion / FY30 net income target ¥35.0 billion / FY25 ROE 10％ / FY30 ROE target 11％, Segment Social infrastructure / FY25 net income ¥25 billion / FY30 net income target ¥45 billion / FY25 ROE 8％ / FY30 ROE target 10％, Segment Transportation / FY25 net income ¥31.3 billion / FY30 net income target ¥47.0 billion / FY25 ROE 10％ / FY30 ROE target 13％, Segment Mobility / FY25 net income ¥17.8 billion / FY30 net income target ¥30 billion / FY25 ROE 34％ / FY30 ROE target 44％, Segment Corporate Investment / FY25 net income ¥4.1 billion / FY30 net income target ¥22 billion / FY25 ROE 6％ / FY30 ROE target 16％, Segment Other / FY25 net income -¥13.7 billion / FY30 net income target -¥11.0 billion / FY25 ROE Not disclosed / FY30 ROE target Not disclosed |
| Non-financial targets | Indicator Employee engagement index / Target value Increase / Timing FY2027, Indicator Engagement score rating / Target value Increase / Timing Not disclosed, Indicator GHG emissions reduction / Target value 50% reduction from fiscal 2021 / Timing FY2030 |
| Plan assumptions | Exchange rate: $1 = ¥150 |
| Key initiatives | Business Portfolio Transformation, Expand the value chain, Advance the human capital strategy, Strengthen the management platform and governance, Transform the corporate culture, Expand capabilities (value chain), Expand geographic coverage (global), Capital-light model (use of external capital) |
| Results under the previous plan | ¥100.0 billion (final-year target under Medium-Term Management Plan 2027) → ¥111.3 billion (fiscal 2025 actual) |
| Reason for revision or withdrawal | The expansion of business areas in each segment and acceleration of asset turnover, among other factors, produced results, enabling the company to achieve the target in fiscal 2025, two years ahead of schedule. At the same time, uncertainty in the business environment surrounding the company has increased due to recent changes in interest-rate conditions, the rapid advancement of AI, and heightened geopolitical risks. The company viewed these changes in the macro environment as an opportunity for further growth. |
| Risks identified | A return to a world with interest rates and changes in interest-rate conditions, Dramatic advances in AI, 円安の進行, Normalization of geopolitical risks, Supply-chain restructuring |
| Publication date | 11 May 2026 |
Items this document does not state (8)
Sales TargetOperating profit targetOperating profit margin targetROIC targetTreasury share acquisition policyCost of capitalSize 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 addition to achieving in fiscal 2025, two years ahead of schedule, the ¥100.0 billion net income target set under Medium-Term Management Plan 2027, announced in May 2023, uncertainty in the business environment has increased due to changes in interest-rate conditions, the rapid advancement of AI, the ongoing depreciation of the yen, and supply-chain restructuring accompanying the normalization of geopolitical risks. The company says it views these changes in the macro environment as an opportunity for further growth.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.