Worth reading
48Recurring
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
5
Increase in the payout ratio target (percentage points)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedROENot disclosed → 6.5% or more
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Payout ratio / DOE policyThe current policy is a payout ratio of 30% or more and DOE of 1.6% or more. During the period of the Sixth Medium-Term Management Plan, the Company aims to gradually raise these targets to a payout ratio of 35% or more and a total payout ratio of 40% or more by FY2028.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 policyShare repurchases will be conducted flexibly and opportunistically. No repurchase limit, specific timing or conditions have been disclosed.
Key initiatives
01Specific initiatives based on the five basic strategies
Plan assumptionsBased on the current business environment, the outlook for earnings and the management of shareholders’ equity.
Risks identified by the company
The actual dividend amount may differ from the forecast due to various factors.
Reason for revision or withdrawal
To further enhance shareholder returns based on the current business environment, the outlook for earnings and the management of shareholders’ equity, while pursuing sustainable improvement in ROE and maintaining a stable equity ratio.
| Item | Details |
|---|---|
| Plan name | 6th Management Plan |
| Plan period | FY2026–FY2028 |
| Progress against the plan | Partially revised |
| ROE target | Not disclosed → 6.5% or more |
| Payout ratio / DOE policy | The current policy is a payout ratio of 30% or more and DOE of 1.6% or more. During the period of the Sixth Medium-Term Management Plan, the Company aims to gradually raise these targets to a payout ratio of 35% or more and a total payout ratio of 40% or more by FY2028. |
| Treasury share acquisition policy | Share repurchases will be conducted flexibly and opportunistically. No repurchase limit, specific timing or conditions have been disclosed. |
| Plan assumptions | Based on the current business environment, the outlook for earnings and the management of shareholders’ equity. |
| Key initiatives | Specific initiatives based on the five basic strategies |
| Reason for revision or withdrawal | To further enhance shareholder returns based on the current business environment, the outlook for earnings and the management of shareholders’ equity, while pursuing sustainable improvement in ROE and maintaining a stable equity ratio. |
| Risks identified | The actual dividend amount may differ from the forecast due to various factors. |
| Date of board resolution | 14 May 2026 |
| Publication date | 14 May 2026 |
Items this document does not state (13)
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 targetsResults under the previous planSize 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.To further enhance shareholder returns based on the current business environment, the outlook for earnings and the management of shareholders’ equity, while pursuing sustainable improvement in ROE and maintaining a stable equity ratio. The Company aims to achieve further enhancement of corporate value by balancing growth investment, returns to shareholders and retained earnings.
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.