Worth reading
70In focus
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
2
Hundreds of millions of yenWording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet income for the current fiscal year+5.0%
基準 4Target4.2Hundreds of millions of yen
ROE+1.0pt
基準 8Target9％
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 planMedium-term management plan KPI for the fiscal year ending March 2027: ¥4.0 billion → Not disclosed
Investment amount by sectorField Active investment in growth areas (Kyushu and semiconductors, and environmental businesses) / Amount Not disclosed, Field Inorganic strategies, including M&A / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyProgressive dividend policy and DOE of 3.0% or higher. Including the forecast through the fiscal year ending March 2027, the Company is expected to increase its dividend for 8 consecutive fiscal years.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalCost of equity assumed at around 13% (CAPM-based)The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share pricePBR has remained below 1x. PBR for the fiscal year ending March 2026 was 0.68x. PBRs of peer companies are approximately 0.60x–1.10x. The Company aims to achieve and maintain a PBR above 1.0x.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Earnings growth through the combined effects of expanding operating assets and improving yields
02Strengthening group solutions through collaboration with 西日本FH
03Promoting an asset-turnover business model
04Inorganic strategies, including M&A
05Establishing middle-office functions
06Reforming workflows based on the use of AI
07Strengthening comprehensive asset and liability management based on ALM
08Improving capital efficiency through enhanced shareholder returns
09Reduction of cross-shareholdings
10Active investment in growth areas (Kyushu and semiconductors, and environmental businesses)
11Strengthening IR activities and feeding the content of dialogue back into management
12Advancing risk management
13Strengthening corporate governance
14Enhancing disclosure, including non-financial information such as human capital and sustainability
Plan assumptionsThe impact of the situation in the Middle East is expected., Higher costs due to rising interest rates are expected.
Non-financial targetsIndicator name Engagement score / Target value A rating, 70 points or higher / Timing FY27.3, Indicator name Training hours per person / Target value 41 hours (120% of the fiscal year ended March 2024) / Timing FY27.3, Indicator name Training expenditure per person / Target value ¥97,000 (120% of the fiscal year ended March 2024) / Timing FY27.3, Indicator name Percentage of Female Managers / Target value Above 22% / Timing FY27.3, Indicator name Parental leave uptake rate by gender / Target value 100％ / Timing FY27.3
Risks identified by the company
Impact of the situation in the Middle East
Higher costs due to rising interest rates
Insufficient cultivation of growth expectations
Information asymmetry between the Company and investors
Differences from earnings forecasts due to various other risk factors and uncertainties
Reason for revision or withdrawal
Progress to date has been steady. As the final year of the plan, the Company has set targets for the current fiscal year that exceed the original KPIs of the medium-term management plan and aims to achieve further improvement.
| Item | Details |
|---|---|
| Plan name | Kyoso 2027 — Creating the Future Through the Power of Connection |
| Plan period | 2024/4～2027/3 |
| Progress against the plan | Partially revised |
| Net income target | ¥4 billion → ¥4.2 billion（+5.0%） |
| ROE target | Above 8.00% → 9.00％（+12.5%） |
| Payout ratio / DOE policy | Progressive dividend policy and DOE of 3.0% or higher. Including the forecast through the fiscal year ending March 2027, the Company is expected to increase its dividend for 8 consecutive fiscal years. |
| Cost of capital | Cost of equity assumed at around 13% (CAPM-based) |
| Self-assessment of PBR and share price | PBR has remained below 1x. PBR for the fiscal year ending March 2026 was 0.68x. PBRs of peer companies are approximately 0.60x–1.10x. The Company aims to achieve and maintain a PBR above 1.0x. |
| Investment amount by sector | Field Active investment in growth areas (Kyushu and semiconductors, and environmental businesses) / Amount Not disclosed, Field Inorganic strategies, including M&A / Amount Not disclosed |
| Non-financial targets | Indicator name Engagement score / Target value A rating, 70 points or higher / Timing FY27.3, Indicator name Training hours per person / Target value 41 hours (120% of the fiscal year ended March 2024) / Timing FY27.3, Indicator name Training expenditure per person / Target value ¥97,000 (120% of the fiscal year ended March 2024) / Timing FY27.3, Indicator name Percentage of Female Managers / Target value Above 22% / Timing FY27.3, Indicator name Parental leave uptake rate by gender / Target value 100％ / Timing FY27.3 |
| Plan assumptions | The impact of the situation in the Middle East is expected., Higher costs due to rising interest rates are expected. |
| Key initiatives | Earnings growth through the combined effects of expanding operating assets and improving yields, Strengthening group solutions through collaboration with 西日本FH, Promoting an asset-turnover business model, Inorganic strategies, including M&A, Establishing middle-office functions, Reforming workflows based on the use of AI, Strengthening comprehensive asset and liability management based on ALM, Improving capital efficiency through enhanced shareholder returns, Reduction of cross-shareholdings, Active investment in growth areas (Kyushu and semiconductors, and environmental businesses), Strengthening IR activities and feeding the content of dialogue back into management, Advancing risk management, Strengthening corporate governance, Enhancing disclosure, including non-financial information such as human capital and sustainability |
| Results under the previous plan | Medium-term management plan KPI for the fiscal year ending March 2027: ¥4.0 billion → Not disclosed |
| Reason for revision or withdrawal | Progress to date has been steady. As the final year of the plan, the Company has set targets for the current fiscal year that exceed the original KPIs of the medium-term management plan and aims to achieve further improvement. |
| Risks identified | Impact of the situation in the Middle East, Higher costs due to rising interest rates, Insufficient cultivation of growth expectations, Information asymmetry between the Company and investors, Differences from earnings forecasts due to various other risk factors and uncertainties |
| Date of board resolution | 18 June 2026 |
| Publication date | 18 June 2026 |
Items this document does not state (8)
Sales TargetOperating profit targetOperating profit margin targetROIC targetTreasury share acquisition policyTotal investment planSegment targetSize of the Target Market
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.Progress to date has been steady. As the final year of the plan, the Company has set targets for the current fiscal year that exceed the original KPIs of the medium-term management plan and aims to achieve further improvement.
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.