Worth reading
18Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Review initiatedStatements about the use of capital
Self-assessment of PBR and share priceThe Company recognizes that a so-called conglomerate discount may be occurring because the characteristics and growth potential of each business are not fully reflected in market valuations. The figure is Not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Scope of this spin-off
02Method of organizational restructuring
03Tax treatment
04Whether permits, approvals and filings are required in each country
05Potential listing of shares in the transferee company
06Impact on the operations and finances of the Company’s group, among other matters
Size of the Target MarketThe overseas markets in Korea and Southeast Asia are described as attractive in light of their market size and future potential. The figures and sources are Not disclosed.
Risks identified by the company
The impact of interest rate trends, the financing environment, credit costs, financial regulations and other external factors
Earnings fluctuations resulting from the business and market environments of investee companies and the timing of investment recoveries
The prolonged dispute concerning convertible bonds accepted from Group Lease PCL and continuing litigation-related expenses
Tax treatment
Required permits, approvals and filings
Potential listing of shares in the transferee company
Impact on the Company’s consolidated results and financial position
| Item | Details |
|---|---|
| Plan name | This spin-off |
| Progress against the plan | Review initiated |
| Self-assessment of PBR and share price | The Company recognizes that a so-called conglomerate discount may be occurring because the characteristics and growth potential of each business are not fully reflected in market valuations. The figure is Not disclosed. |
| Key initiatives | Scope of this spin-off, Method of organizational restructuring, Tax treatment, Whether permits, approvals and filings are required in each country, Potential listing of shares in the transferee company, Impact on the operations and finances of the Company’s group, among other matters |
| Size of the Target Market | The overseas markets in Korea and Southeast Asia are described as attractive in light of their market size and future potential. The figures and sources are Not disclosed. |
| Risks identified | The impact of interest rate trends, the financing environment, credit costs, financial regulations and other external factors, Earnings fluctuations resulting from the business and market environments of investee companies and the timing of investment recoveries, The prolonged dispute concerning convertible bonds accepted from Group Lease PCL and continuing litigation-related expenses, Tax treatment, Required permits, approvals and filings, Potential listing of shares in the transferee company, Impact on the Company’s consolidated results and financial position |
| Date of board resolution | 7 August 2026 |
| Publication date | 7 August 2026 |
Items this document does not state (17)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planReason for revision or withdrawal
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 domestic and overseas businesses differ in their earnings structures, capital efficiency, risk profiles and the criteria used by investors in evaluating them. Their coexistence within the same corporate group may therefore be resulting in a conglomerate discount, whereby the value of each business is not fully reflected in the share price. Through the separation, the Company aims to allocate management resources, implement capital policies and execute growth strategies in line with the characteristics of each business, leading to appropriate valuations and contributing to the interests of shareholders.
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.