Worth reading
49Recurring
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
150
億円（2028年3月期売上高目標）Wording
Conditional
How definitive the wording is.Items stated in the management plan
Net Sales-100.0%
基準 9,383,585Target150千円（実績）／億円（目標）
Operating profit-100.0%
基準 1,152,772Target30千円（実績）／億円（目標）
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. The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
Operating profit margin12.3％（2025年3月期実績） → Not disclosed
Net income for the current fiscal year1,033,234千円（2025年3月期実績） → Not disclosed
ROE19.5％（2025年3月期実績） → 株主資本コストを継続的に上回ることを目指す（数値目標はNot disclosed）
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Payout ratio / DOE policy今後も配当性向は30％を目途に継続。成長投資も継続しつつ、将来的な連結配当性向は35％程度を指向。中期経営計画期間においては累進配当を基本として実施。対象期間は今後および中期経営計画期間。The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalThe cost of shareholders' equity is recognized as approximately 6–8%.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は安定的に1倍超の水準を堅持。2025年3月期のPBRは1.8倍、期末株価は884円。PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01中期経営計画の着実な達成
02Enhancement of shareholder returns
03積極的な IR 活動の実施
Non-financial targetsIndicator 木質バイオマス取扱量 / Target value 100万ｔ体制 / Timing Fiscal year ending March 2028
Risks identified by the company
新規拠点の建設計画と継続的な内部留保の蓄積による中長期的なROEの低下
| Item | Details |
|---|---|
| Plan name | Fuluhashi Sustainable Plan 80th |
| Plan period | 2025年3月期から2028年3月期までの4ヵ年 |
| Sales Target | 9,383,585千円（2025年3月期実績） → 150億円（2028年3月期目標） |
| Operating profit target | 1,152,772千円（2025年3月期実績） → 30億円（2028年3月期目標） |
| Operating profit margin target | 12.3％（2025年3月期実績） → Not disclosed |
| Net income target | 1,033,234千円（2025年3月期実績） → Not disclosed |
| ROE target | 19.5％（2025年3月期実績） → 株主資本コストを継続的に上回ることを目指す（数値目標はNot disclosed） |
| Payout ratio / DOE policy | 今後も配当性向は30％を目途に継続。成長投資も継続しつつ、将来的な連結配当性向は35％程度を指向。中期経営計画期間においては累進配当を基本として実施。対象期間は今後および中期経営計画期間。 |
| Cost of capital | The cost of shareholders' equity is recognized as approximately 6–8%. |
| Self-assessment of PBR and share price | PBRは安定的に1倍超の水準を堅持。2025年3月期のPBRは1.8倍、期末株価は884円。 |
| Non-financial targets | Indicator 木質バイオマス取扱量 / Target value 100万ｔ体制 / Timing Fiscal year ending March 2028 |
| Key initiatives | 中期経営計画の着実な達成, Enhancement of shareholder returns, 積極的な IR 活動の実施 |
| Risks identified | 新規拠点の建設計画と継続的な内部留保の蓄積による中長期的なROEの低下 |
| Date of board resolution | 13 May 2025 |
| Publication date | 13 May 2025 |
Items this document does not state (10)
Progress against the planROIC targetTreasury share acquisition policyTotal investment planInvestment amount by sectorSegment targetPlan assumptionsResults under the previous planReason for revision or withdrawalSize 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.東京証券取引所の要請を受けて資本コストや資本収益性を分析したため。新規拠点の建設や内部留保の蓄積により中長期的にROEが低下することが予想されるため、収益性の改善、資本の効率的な活用、株主との対話によってROEの改善とPBRの向上を図るとしている。
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.