Worth reading
38Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateROE7.74 ％ → A level above the Company's cost of capital
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 basic policy is to pay balanced dividends, and the Company has paid stable dividends twice a year since 2023. The dividend payout ratio has exceeded 60% for 4 consecutive years. The DOE target is 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 policyThe Company acquires treasury shares to improve the tradable share ratio and return profits to shareholders by enhancing capital efficiency and pursuing a flexible capital policy. From 1 December 2025 to 30 January 2026, it purchased 1,489,500 shares in the market for a total of ¥299,989,400.
Cost of capitalApproximately 4% to 8%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 was 0.97x for the fiscal year ended March 2026. As of the end of March 2026, PBR was in the 0.9x range. The Company assesses that it is desirable to stably maintain and sustain PBR above 1x.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Strengthen earnings capabilities by leveraging the Company's strength in gold
02Shareholder returns, including stable dividends and treasury share acquisitions
03Continuously expand human capital management
04Strengthening Corporate Governance
05Enhance and diversify information disclosure
06Continue sustainability management
Risks identified by the company
Risks and uncertainties relating to future business performance
The possibility that actual results may differ due to changes in the operating environment
Certain capital adequacy regulations applicable to the financial instruments business
Disruptions caused by data tampering, data downloads or other actions by third parties
Reason for revision or withdrawal
The Board of Directors analyzed and assessed the Company's current position at its meeting held on 17 June 2026 and updated the policy and specific initiatives for improvement.
| Item | Details |
|---|---|
| Plan name | Response to achieving management that is conscious of the cost of capital and share price |
| Progress against the plan | Annual update |
| ROE target | 7.74 ％ → A level above the Company's cost of capital |
| Payout ratio / DOE policy | The basic policy is to pay balanced dividends, and the Company has paid stable dividends twice a year since 2023. The dividend payout ratio has exceeded 60% for 4 consecutive years. The DOE target is Not disclosed. |
| Treasury share acquisition policy | The Company acquires treasury shares to improve the tradable share ratio and return profits to shareholders by enhancing capital efficiency and pursuing a flexible capital policy. From 1 December 2025 to 30 January 2026, it purchased 1,489,500 shares in the market for a total of ¥299,989,400. |
| Cost of capital | Approximately 4% to 8% |
| Self-assessment of PBR and share price | PBR was 0.97x for the fiscal year ended March 2026. As of the end of March 2026, PBR was in the 0.9x range. The Company assesses that it is desirable to stably maintain and sustain PBR above 1x. |
| Key initiatives | Strengthen earnings capabilities by leveraging the Company's strength in gold, Shareholder returns, including stable dividends and treasury share acquisitions, Continuously expand human capital management, Strengthening Corporate Governance, Enhance and diversify information disclosure, Continue sustainability management |
| Reason for revision or withdrawal | The Board of Directors analyzed and assessed the Company's current position at its meeting held on 17 June 2026 and updated the policy and specific initiatives for improvement. |
| Risks identified | Risks and uncertainties relating to future business performance, The possibility that actual results may differ due to changes in the operating environment, Certain capital adequacy regulations applicable to the financial instruments business, Disruptions caused by data tampering, data downloads or other actions by third parties |
| Date of board resolution | 17 June 2026 |
| Publication date | 17 June 2026 |
Items this document does not state (13)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults 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.The Board of Directors analyzed and assessed the current position at its meeting held on 17 June 2026 and updated the policy and specific initiatives for 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.