Worth reading
48Recurring
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
1210
Millions of yen (net income attributable to owners of the parent, fiscal year ended March 2026)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+9.0%
基準 6,727Target7,330million
Operating profit-20.0%
基準 475Target380million
Net income for the current fiscal year-70.2%
基準 1,210Target360million
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.
ROE8.87 % → Slight decline (figure not disclosed)
Only the target level is shown because the current level for comparison was not provided.Investment amount by sectorField Investment in New Businesses / Amount ¥1.7 100 million / Timing Fiscal year ended March 2026: actual
Statements about the use of capital
Payout ratio / DOE policyThe company plans to consider increasing dividends in line with medium- to long-term profit growth and implement shareholder benefit measures. Numerical targets are 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 will flexibly execute share repurchases to enhance market valuation. The repurchase limit, timing and terms are not disclosed.
Cost of capitalWACC: 3.48% (fiscal year ended March 2026); the forecast for the fiscal year ending March 2027 is at a similar level to the current fiscal year.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 0.63x for the fiscal year ended March 2026. Although the share price is showing an improving trend as a result of capital policy and enhanced investor relations, the company will continue working toward a PBR above 1x.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Accelerate the growth strategy (execute M&A and acquire assets)
02Build the foundations for growth (use AI and strengthen the organizational infrastructure)
03Improve profitability and efficiency (manage KPIs and improve operational efficiency)
04Strengthen the financial foundation (flexible capital policy and risk management)
05Engage with the capital markets (continue sincere investor relations activities)
Plan assumptionsContinued recovery in tourism demand, Contributions from hit products, Continued inflation in raw material and logistics costs, Incorporates higher interest rates, Downside scenarios, including geopolitical risks, Upside scenarios, including inbound tourism and regional tourism technology
Risks identified by the company
Geopolitical risks arising from heightened tensions surrounding Iran and other factors
Continued inflation in raw material and logistics costs
Higher interest rates associated with the Bank of Japan’s normalization of monetary policy
Downside scenarios, including geopolitical risks
| Item | Details |
|---|---|
| Plan name | Management Action Plan 2025 |
| Plan period | 2 years (fiscal year ending March 2026 to fiscal year ending March 2027) |
| Progress against the plan | Annual update |
| Sales Target | ¥6,727 million → ¥7,330 million（Approximately 9.0%） |
| Operating profit target | ¥475 million → ¥380 million（Approximately -20.0%） |
| Net income target | ¥1,210 million → ¥360 million（Approximately -70.2%） |
| ROE target | 8.87 % → Slight decline (figure not disclosed) |
| Payout ratio / DOE policy | The company plans to consider increasing dividends in line with medium- to long-term profit growth and implement shareholder benefit measures. Numerical targets are not disclosed. |
| Treasury share acquisition policy | The company will flexibly execute share repurchases to enhance market valuation. The repurchase limit, timing and terms are not disclosed. |
| Cost of capital | WACC: 3.48% (fiscal year ended March 2026); the forecast for the fiscal year ending March 2027 is at a similar level to the current fiscal year. |
| Self-assessment of PBR and share price | PBR was 0.63x for the fiscal year ended March 2026. Although the share price is showing an improving trend as a result of capital policy and enhanced investor relations, the company will continue working toward a PBR above 1x. |
| Investment amount by sector | Field Investment in New Businesses / Amount ¥1.7 100 million / Timing Fiscal year ended March 2026: actual |
| Plan assumptions | Continued recovery in tourism demand, Contributions from hit products, Continued inflation in raw material and logistics costs, Incorporates higher interest rates, Downside scenarios, including geopolitical risks, Upside scenarios, including inbound tourism and regional tourism technology |
| Key initiatives | Accelerate the growth strategy (execute M&A and acquire assets), Build the foundations for growth (use AI and strengthen the organizational infrastructure), Improve profitability and efficiency (manage KPIs and improve operational efficiency), Strengthen the financial foundation (flexible capital policy and risk management), Engage with the capital markets (continue sincere investor relations activities) |
| Risks identified | Geopolitical risks arising from heightened tensions surrounding Iran and other factors, Continued inflation in raw material and logistics costs, Higher interest rates associated with the Bank of Japan’s normalization of monetary policy, Downside scenarios, including geopolitical risks |
| Publication date | 19 June 2026 |
Items this document does not state (9)
Operating profit margin targetROIC targetTotal investment planSegment targetNon-financial targetsResults under the previous planReason 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.Net income was positive for the fourth consecutive fiscal year, supported by the continued recovery in tourism demand and contributions from hit products.
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.