Worth reading
45Recurring
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
12
ROE (%)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedROE+4.0pt
基準 8Target12％
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).
What happened to the previous planROE target of 8% → Based on the fiscal 2026 earnings forecast, ROE of 8% is expected to be achieved two years earlier than initially assumed+25,225.0%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyAfter achieving ROE of 8%, the company will use a dividend payout ratio of approximately 70% as a guideline. Until ROE of 8% is achieved, it will maintain the current total payout ratio of 100%. The specific fiscal years covered are Not disclosed.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 policyAfter achieving ROE of 8%, the company will acquire treasury shares flexibly and as appropriate. The acquisition amount, timing, and conditions are Not disclosed. Until ROE of 8% is achieved, the company will maintain a total payout ratio of 100%.
Self-assessment of PBR and share priceMaintain a market valuation of more than 1x PBR.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Further enhancement of the effectiveness of deliberations by the Board of Directors and its committees
02Further enhancing information disclosure
03Developing a substantial human capital base
04Addressing sustainability issues
05Strengthening Corporate Governance
Reason for revision or withdrawal
The earnings forecast for fiscal 2026 is expected to exceed the initial assumptions, and the company is expected to achieve the 8% ROE target set out in its “Long-Term Direction” two years earlier than initially assumed.
| Item | Details |
|---|---|
| Plan name | Long-Term Management Outlook the Company Aims to Achieve |
| Progress against the plan | Partially revised |
| ROE target | 8％ → Targeting a level of 12%（50％） |
| Payout ratio / DOE policy | After achieving ROE of 8%, the company will use a dividend payout ratio of approximately 70% as a guideline. Until ROE of 8% is achieved, it will maintain the current total payout ratio of 100%. The specific fiscal years covered are Not disclosed. |
| Treasury share acquisition policy | After achieving ROE of 8%, the company will acquire treasury shares flexibly and as appropriate. The acquisition amount, timing, and conditions are Not disclosed. Until ROE of 8% is achieved, the company will maintain a total payout ratio of 100%. |
| Self-assessment of PBR and share price | Maintain a market valuation of more than 1x PBR. |
| Key initiatives | Further enhancement of the effectiveness of deliberations by the Board of Directors and its committees, Further enhancing information disclosure, Developing a substantial human capital base, Addressing sustainability issues, Strengthening Corporate Governance |
| Results under the previous plan | ROE target of 8% → Based on the fiscal 2026 earnings forecast, ROE of 8% is expected to be achieved two years earlier than initially assumed |
| Reason for revision or withdrawal | The earnings forecast for fiscal 2026 is expected to exceed the initial assumptions, and the company is expected to achieve the 8% ROE target set out in its “Long-Term Direction” two years earlier than initially assumed. |
| Date of board resolution | 12 November 2026 |
| Publication date | 12 November 2026 |
Items this document does not state (14)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsSize 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.The earnings forecast for fiscal 2026 is expected to exceed the initial assumptions, and the company is expected to achieve the 8% ROE target set out in its “Long-Term Direction” two years earlier than initially assumed.
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.