Worth reading
61In 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
35
% (dividend payout ratio target for fiscal 2028; total payout ratio target is at least 40%)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateROE+2.4pt
基準 5.62Target8％
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).
Net income for the current fiscal yearNot disclosed → 205 Hundreds of millions of yen
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planPayout ratio of 30% or more → Dividend payout ratio of 31.0%+3.3%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyThe company aims to gradually raise the dividend payout ratio to at least 35% and the total payout ratio to at least 40% by fiscal 2028, the final year of the Sixth Management Plan.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 policyDuring the period of the Sixth Management Plan, the company will conduct flexible and agile share buybacks. The specific acquisition limit, timing and conditions are not disclosed.
Self-assessment of PBR and share priceDuring the period of the Fifth Management Plan, the company's share price rose 1.9-fold, from ¥418 to ¥814, and its PBR improved to 0.53x. Going forward, the company aims to improve its PBR.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Strengthening Profitability
02Revitalize local communities, support core businesses, promote relationship-based regional finance, and strengthen the solutions business (expand non-interest income)
03Focus on lending in the Kansai and Tokyo areas and to the shipping-related sector
04Secure appropriate interest rates in a world with interest rates
05Optimize consultative sales and non-face-to-face channels
06Improve securities investment performance and total gains and losses
07Strengthen expense controls
08Improve operational efficiency and productivity through business process reform and the use of DX
09Strengthening Risk Management
10Avoid credit concentration risk and strengthen support for businesses
11Strengthen risk asset controls
12Implement lending and securities investment with an awareness of RORA
13Achieving growth investment, shareholder returns and internal reserves in a well-balanced and larger-scale manner
14Build up risk assets through proactive lending
15Expand investment in human capital, including the introduction of restricted stock for the employee stock ownership plan
16Provide stable and sustainable shareholder returns
17Maintain a stable capital adequacy ratio
18Enhancing information disclosure and communication with investors and other stakeholders
19Enhance non-financial information, including sustainability and community contribution activities
20Continue holding briefings for institutional and individual investors
Risks identified by the company
Credit concentration risk
Maximum losses in the event of a crisis on the scale of the Lehman shock
Divergence from actual business performance and other results due to changes in the business environment and other factors
Risks and uncertainties
Reason for revision or withdrawal
With respect to the initiatives announced on 14 May 2024, the company updated its disclosure after reviewing its progress through fiscal 2025 and taking into account the Sixth Management Plan and other measures launched in April 2026.
| Item | Details |
|---|---|
| Plan name | 6th Management Plan |
| Plan period | April 2026 to the fiscal year ending March 2029 (fiscal 2028) |
| Progress against the plan | Annual update |
| Net income target | Not disclosed → 205 Hundreds of millions of yen |
| ROE target | 5.62 ％ → At least 6.5% (the company continues to aim for at least 8%) |
| Payout ratio / DOE policy | The company aims to gradually raise the dividend payout ratio to at least 35% and the total payout ratio to at least 40% by fiscal 2028, the final year of the Sixth Management Plan. |
| Treasury share acquisition policy | During the period of the Sixth Management Plan, the company will conduct flexible and agile share buybacks. The specific acquisition limit, timing and conditions are not disclosed. |
| Self-assessment of PBR and share price | During the period of the Fifth Management Plan, the company's share price rose 1.9-fold, from ¥418 to ¥814, and its PBR improved to 0.53x. Going forward, the company aims to improve its PBR. |
| Key initiatives | Strengthening Profitability, Revitalize local communities, support core businesses, promote relationship-based regional finance, and strengthen the solutions business (expand non-interest income), Focus on lending in the Kansai and Tokyo areas and to the shipping-related sector, Secure appropriate interest rates in a world with interest rates, Optimize consultative sales and non-face-to-face channels, Improve securities investment performance and total gains and losses, Strengthen expense controls, Improve operational efficiency and productivity through business process reform and the use of DX, Strengthening Risk Management, Avoid credit concentration risk and strengthen support for businesses, Strengthen risk asset controls, Implement lending and securities investment with an awareness of RORA, Achieving growth investment, shareholder returns and internal reserves in a well-balanced and larger-scale manner, Build up risk assets through proactive lending, Expand investment in human capital, including the introduction of restricted stock for the employee stock ownership plan, Provide stable and sustainable shareholder returns, Maintain a stable capital adequacy ratio, Enhancing information disclosure and communication with investors and other stakeholders, Enhance non-financial information, including sustainability and community contribution activities, Continue holding briefings for institutional and individual investors |
| Results under the previous plan | Payout ratio of 30% or more → Dividend payout ratio of 31.0% |
| Reason for revision or withdrawal | With respect to the initiatives announced on 14 May 2024, the company updated its disclosure after reviewing its progress through fiscal 2025 and taking into account the Sixth Management Plan and other measures launched in April 2026. |
| Risks identified | Credit concentration risk, Maximum losses in the event of a crisis on the scale of the Lehman shock, Divergence from actual business performance and other results due to changes in the business environment and other factors, Risks and uncertainties |
| Date of board resolution | 14 May 2026 |
| Publication date | 14 May 2026 |
Items this document does not state (11)
Sales TargetOperating profit targetOperating profit margin targetROIC targetCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsSize 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.The company updated its disclosure after reviewing its initiatives in fiscal 2024 and fiscal 2025 and taking into account the Sixth Management Plan, which began in April 2026. It aims to achieve growth investment, shareholder returns and retained earnings in a more balanced and substantial manner, and to further enhance corporate value.
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.