Worth reading
42Recurring
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
-10
¥100 million (decrease in the net sales target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales-6.7%
基準 150Target140Hundreds of millions of yen
Operating profit-16.7%
基準 30Target25Hundreds of millions of yen
Operating profit margin-3.0pt
基準 20Target17%
ROE0.0pt
基準 15Target15%
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 policyOriginal: consolidated payout ratio target of 35% (progressive dividends) / Revised: consolidated payout ratio of at least 35% (progressive dividends). The applicable period is the final fiscal year of each plan: the fiscal year ending March 2028 under the original plan and the fiscal year ending March 2030 under the revised plan.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Leading the era of a circular economy and renewable energy centered on woody resources
02Evolving into a sustainable company through revenue growth, profit growth, dividend growth and returns to employees
03Quantitative expansion of woody resource recycling
04Construction and expansion of recycling plants
Plan assumptionsHigher construction and logistics costs, among other factors, Revisions to factory designs and opening areas, Longer construction periods
Risks identified by the company
Higher construction and logistics costs, among other factors
Revisions to factory designs and opening areas
Longer construction periods
Some delays in obtaining permits and approvals for the new factories
Reason for revision or withdrawal
The business environment has changed significantly due to factors including higher construction and logistics costs. As a result of revisions to factory designs and opening areas, longer construction periods and other factors, some delays are expected in obtaining permits and approvals for the new factories originally planned.
| Item | Details |
|---|---|
| Plan name | Original: Fuluhashi Sustainable Plan 80th / Revised: Fuluhashi Sustainable Plan 2030 |
| Plan period | Original: 4-year period ending in the fiscal year ending March 2028 / Revised: fiscal year ending March 2030 (period extended by 2 years) |
| Progress against the plan | Partially revised |
| Sales Target | 150 Hundreds of millions of yen → 140 Hundreds of millions of yen（-6.7%） |
| Operating profit target | 30 Hundreds of millions of yen → 25 Hundreds of millions of yen（-16.7%） |
| Operating profit margin target | 20 % → 17 %（-15%） |
| ROE target | Over 15% → Over 15% |
| Payout ratio / DOE policy | Original: consolidated payout ratio target of 35% (progressive dividends) / Revised: consolidated payout ratio of at least 35% (progressive dividends). The applicable period is the final fiscal year of each plan: the fiscal year ending March 2028 under the original plan and the fiscal year ending March 2030 under the revised plan. |
| Plan assumptions | Higher construction and logistics costs, among other factors, Revisions to factory designs and opening areas, Longer construction periods |
| Key initiatives | Leading the era of a circular economy and renewable energy centered on woody resources, Evolving into a sustainable company through revenue growth, profit growth, dividend growth and returns to employees, Quantitative expansion of woody resource recycling, Construction and expansion of recycling plants |
| Reason for revision or withdrawal | The business environment has changed significantly due to factors including higher construction and logistics costs. As a result of revisions to factory designs and opening areas, longer construction periods and other factors, some delays are expected in obtaining permits and approvals for the new factories originally planned. |
| Risks identified | Higher construction and logistics costs, among other factors, Revisions to factory designs and opening areas, Longer construction periods, Some delays in obtaining permits and approvals for the new factories |
| Publication date | 13 May 2026 |
Items this document does not state (12)
Net income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planSize of the Target MarketDate 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.The business environment has changed significantly due to factors including higher construction and logistics costs. As a result of revisions to factory designs and opening areas, as well as longer construction periods, some delays are expected in obtaining permits and approvals for the new factories.
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.