Worth reading
47Recurring
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
60
¥100 million (increase in the consolidated ordinary profit target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedROE+2.0pt
基準 8Target10％
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 planConsolidated ordinary income of ¥15 billion, consolidated ROE of 8% → Based on the fiscal 2026 earnings forecast, achievement is expected two years earlier than initially assumed+13,406.7%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyDuring the period of the Eighth Medium-Term Management Plan, 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 a total payout ratio of 100% under the current policy.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 conduct flexible and timely treasury share acquisitions during the period of the Eighth Medium-Term Management Plan. The acquisition programme, specific timing, and conditions are Not disclosed.
Key initiatives
01Stable operation and improved convenience of stock lending and borrowing operations as infrastructure for the securities market
02Expansion of the securities finance business centred on further strengthening securities lending
03Enhancement of the company's presence and recognition in overseas markets
04Business innovation and operational efficiency through the use of digital technologies
05Strengthening Consolidated Group Management
06Strengthening the foundation of human resources capabilities
Reason for revision or withdrawal
The fiscal 2026 earnings forecast announced today is expected to exceed the initial assumptions, and the management targets set out in the Eighth Medium-Term Management Plan are expected to be achieved two years earlier than initially assumed.
| Item | Details |
|---|---|
| Plan name | Eighth Medium-Term Management Plan |
| Plan period | FY2026-FY2028 |
| Progress against the plan | Partially revised |
| ROE target | 8％ → 10％ |
| Payout ratio / DOE policy | During the period of the Eighth Medium-Term Management Plan, 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 a total payout ratio of 100% under the current policy. |
| Treasury share acquisition policy | After achieving ROE of 8%, the company will conduct flexible and timely treasury share acquisitions during the period of the Eighth Medium-Term Management Plan. The acquisition programme, specific timing, and conditions are Not disclosed. |
| Key initiatives | Stable operation and improved convenience of stock lending and borrowing operations as infrastructure for the securities market, Expansion of the securities finance business centred on further strengthening securities lending, Enhancement of the company's presence and recognition in overseas markets, Business innovation and operational efficiency through the use of digital technologies, Strengthening Consolidated Group Management, Strengthening the foundation of human resources capabilities |
| Results under the previous plan | Consolidated ordinary income of ¥15 billion, consolidated ROE of 8% → Based on the fiscal 2026 earnings forecast, achievement is expected two years earlier than initially assumed |
| Reason for revision or withdrawal | The fiscal 2026 earnings forecast announced today is expected to exceed the initial assumptions, and the management targets set out in the Eighth Medium-Term Management Plan are expected to be achieved 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)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal 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 fiscal 2026 earnings forecast announced today is expected to exceed the initial assumptions, and the management targets under the Eighth Medium-Term Management Plan are expected to be achieved 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.