Worth reading
83Important
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
Partially revisedNet Sales+7.5%
基準 4Target4.3trillion
Operating profit+7.1%
基準 700Target750Hundreds of millions of yen
ROE-2,014.0pt
基準 2,024Target10％
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.
Statements about the use of capital
Payout ratio / DOE policyGradually raise the payout ratio toward 40% in FY2027.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 policyConduct share repurchases flexibly. The amount, timing and conditions of the purchases are not disclosed.
Key initiatives
01Improving Profitability
02Effective use of assets
03Portfolio strategy
04Improve asset efficiency
05Asset reduction
06Optimal capital structure
07Strengthening existing businesses
08❶ Improving safety levels
09❷ Enhancing earnings capacity and addressing social issues
10❸ Technological innovation and structural reform
11❹ Work-style reform for employees
12Automated Operation
13AI-enabled operations management
14Flexible work not tied to a specific location
15Maintenance carried out in collaboration with robots
16Remote facilities management using drones
17Strengthening touchpoints with individual customers through Suica-centered digital transformation
18Transforming existing businesses
19Urban development, including J-TOD
Plan assumptionsAssuming the proposed change to the upper limit on railway passenger fares is approved as submitted and fare revisions are implemented from March 2026.
Segment targetTarget fiscal year Fiscal year ending March 2028 / Segment Transportation Business / Operating revenue ¥2,175 billion / Operating profit ¥236 billion, Target fiscal year Fiscal year ending March 2028 / Segment Distribution and Services business / Operating revenue ¥507 billion / Operating profit ¥80.0 billion, Target fiscal year Fiscal year ending March 2028 / Segment Real Estate and Hotel business / Operating revenue ¥710 billion / Operating profit ¥149 billion, Target fiscal year Fiscal year ending March 2028 / Segment Other / Operating revenue ¥126 billion / Operating profit ¥26.0 billion, Target fiscal year Fiscal year ending March 2032 / Segment Mobility / Operating revenue More than ¥300 billion above FY2025 levels (target under the related strategy) / EBITDA Approximately ¥600 billion / Operating profit Approximately ¥260 billion / ROA 3% or more, Target fiscal year Fiscal year ending March 2032 / Segment Lifestyle solutions / Operating revenue Operating revenue and operating profit doubled from FY2024 levels, plus an additional ¥150 billion in operating revenue / EBITDA Approximately ¥600 billion / Operating profit Approximately ¥490 billion, plus an additional ¥100 billion / ROA 7% or more
Reason for revision or withdrawal
Based on actual financial results and the outlook for future performance, it was decided to update the numerical targets and other items.
| Item | Details |
|---|---|
| Plan name | Group Management Vision "勇翔2034" |
| Progress against the plan | Partially revised |
| Sales Target | More than ¥4 trillion → Approximately ¥4.3 trillion |
| Operating profit target | Approximately ¥700 billion → Approximately ¥750 billion（Approximately +7.1%） |
| ROE target | 10% or more (previous target) / 8.0% actual for FY2024 → 10% or more (new target) |
| Payout ratio / DOE policy | Gradually raise the payout ratio toward 40% in FY2027. |
| Treasury share acquisition policy | Conduct share repurchases flexibly. The amount, timing and conditions of the purchases are not disclosed. |
| Segment target | Target fiscal year Fiscal year ending March 2028 / Segment Transportation Business / Operating revenue ¥2,175 billion / Operating profit ¥236 billion, Target fiscal year Fiscal year ending March 2028 / Segment Distribution and Services business / Operating revenue ¥507 billion / Operating profit ¥80.0 billion, Target fiscal year Fiscal year ending March 2028 / Segment Real Estate and Hotel business / Operating revenue ¥710 billion / Operating profit ¥149 billion, Target fiscal year Fiscal year ending March 2028 / Segment Other / Operating revenue ¥126 billion / Operating profit ¥26.0 billion, Target fiscal year Fiscal year ending March 2032 / Segment Mobility / Operating revenue More than ¥300 billion above FY2025 levels (target under the related strategy) / EBITDA Approximately ¥600 billion / Operating profit Approximately ¥260 billion / ROA 3% or more, Target fiscal year Fiscal year ending March 2032 / Segment Lifestyle solutions / Operating revenue Operating revenue and operating profit doubled from FY2024 levels, plus an additional ¥150 billion in operating revenue / EBITDA Approximately ¥600 billion / Operating profit Approximately ¥490 billion, plus an additional ¥100 billion / ROA 7% or more |
| Plan assumptions | Assuming the proposed change to the upper limit on railway passenger fares is approved as submitted and fare revisions are implemented from March 2026. |
| Key initiatives | Improving Profitability, Effective use of assets, Portfolio strategy, Improve asset efficiency, Asset reduction, Optimal capital structure, Strengthening existing businesses, ❶ Improving safety levels, ❷ Enhancing earnings capacity and addressing social issues, ❸ Technological innovation and structural reform, ❹ Work-style reform for employees, Automated Operation, AI-enabled operations management, Flexible work not tied to a specific location, Maintenance carried out in collaboration with robots, Remote facilities management using drones, Strengthening touchpoints with individual customers through Suica-centered digital transformation, Transforming existing businesses, Urban development, including J-TOD |
| Reason for revision or withdrawal | Based on actual financial results and the outlook for future performance, it was decided to update the numerical targets and other items. |
| Publication date | 30 April 2026 |
Items this document does not state (13)
Plan periodOperating profit margin targetNet income targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorNon-financial targetsResults under the previous planSize of the Target MarketRisks identifiedDate of board resolution
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.Based on actual financial results and the outlook for future performance.
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.