Worth reading
72In focus
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
350
¥100 million (total investment during the plan period)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+11.5%
基準 125.52Target140Hundreds of millions of yen
ROE+1.1pt
基準 6.9Target8%
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.
What happened to the previous planConsolidated revenue ¥130.0 billion or more / Consolidated ordinary income At least ¥8 billion (before revision: at least ¥7 billion) / Consolidated ordinary profit margin Maintain at least 6.0% → Consolidated revenue ¥125.517 billion / Consolidated ordinary income ¥9.482 billion / Consolidated ordinary profit margin 7.5%（Consolidated revenue 96.5% / Consolidated ordinary income 118.5% / Consolidated ordinary profit margin Not disclosed）
Total investment plan¥35.0 billion
Investment amount by sectorField Facilities and Capital Investment / Amount ¥20 billion, Field Infrastructure-related investments / Amount ¥5 billion, Field Renewal investment / Amount ¥10 billion
Statements about the use of capital
Payout ratio / DOE policyDuring the new medium-term management plan period, dividends will be paid with a payout ratio of 40% or a DOE of 2.0%, whichever results in the higher amount, as a guideline. Total dividends will be at least ¥8 billion.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 targets share buybacks of ¥3 billion and plans to conduct them flexibly during the medium-term management plan period in line with business performance and financial conditions. Additional buybacks are planned.
Cost of capitalCost of shareholders’ equity: 8–9%The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Self-assessment of PBR and share priceThe Company aims for a PBR above 1.0x, or at least 1.0x.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Strengthening the management platform
02Improve profit margins by pursuing the optimal mix of business formats
03Integrate and advance capital optimization and investor relations
04Promoting Sustainability Management
Non-financial targetsIndicator name Health and Productivity Management Outstanding Organization certification / Target value Obtain 2027 certification / Timing 2027
Risks identified by the company
Large-Scale Disasters
Pandemic
Labor shortages
Information security
Cyber incidents
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan “Living Together with the Community and Contributing Broadly to the Development of Society” 2026–2028 |
| Plan period | April 2026–March 2029 (fiscal years 2026–2028) |
| Progress against the plan | Formulated |
| Sales Target | ¥125.517 billion (actual revenue in the final year of the previous medium-term plan) → ¥140 billion |
| ROE target | 6.9% (actual ROE in the final year of the previous medium-term plan) → At least 8.0% |
| Payout ratio / DOE policy | During the new medium-term management plan period, dividends will be paid with a payout ratio of 40% or a DOE of 2.0%, whichever results in the higher amount, as a guideline. Total dividends will be at least ¥8 billion. |
| Treasury share acquisition policy | The Company targets share buybacks of ¥3 billion and plans to conduct them flexibly during the medium-term management plan period in line with business performance and financial conditions. Additional buybacks are planned. |
| Cost of capital | Cost of shareholders’ equity: 8–9% |
| Self-assessment of PBR and share price | The Company aims for a PBR above 1.0x, or at least 1.0x. |
| Total investment plan | ¥35.0 billion |
| Investment amount by sector | Field Facilities and Capital Investment / Amount ¥20 billion, Field Infrastructure-related investments / Amount ¥5 billion, Field Renewal investment / Amount ¥10 billion |
| Non-financial targets | Indicator name Health and Productivity Management Outstanding Organization certification / Target value Obtain 2027 certification / Timing 2027 |
| Key initiatives | Strengthening the management platform, Improve profit margins by pursuing the optimal mix of business formats, Integrate and advance capital optimization and investor relations, Promoting Sustainability Management |
| Results under the previous plan | Consolidated revenue ¥130.0 billion or more / Consolidated ordinary income At least ¥8 billion (before revision: at least ¥7 billion) / Consolidated ordinary profit margin Maintain at least 6.0% → Consolidated revenue ¥125.517 billion / Consolidated ordinary income ¥9.482 billion / Consolidated ordinary profit margin 7.5%（Consolidated revenue 96.5% / Consolidated ordinary income 118.5% / Consolidated ordinary profit margin Not disclosed） |
| Risks identified | Large-Scale Disasters, Pandemic, Labor shortages, Information security, Cyber incidents |
| Publication date | 14 May 2026 |
Items this document does not state (9)
Operating profit targetOperating profit margin targetNet income targetROIC targetSegment targetPlan assumptionsReason for revision or withdrawalSize 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.Based on the previous medium-term management plan, the Company recognized room for improvement in its management foundations, including BPR and labor-saving and manpower-saving initiatives, as well as the need to expand its business foundations through further coordination and mutual complementarity among its business formats. To further enhance corporate value, the Company also plans to strengthen capital optimization, investor relations activities, and sustainability initiatives.
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.