Worth reading
17Immaterial
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 revisedThis document does not state the plan name, plan period, or numerical targets.
Investment amount by sectorField Investment in rental assets / Amount Not disclosed, Field Securing locations / Amount Not disclosed, Field Execution of M&A transactions / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyWhen a funding surplus is expected, the company will consider shareholder return measures such as share buybacks and dividend increases, without focusing solely on the payout ratio based on current-period profit. The specific target level and period are Not disclosedThe 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 consider share buybacks when a funding surplus is expected. The resolution regarding the share buyback announced on 3 August 2026 was made under this policy, and the company expects the funding surplus to continue for the next year. Details of the buyback limit, conditions and timing are Not disclosed
Key initiatives
01In principle, once a year, in conjunction with the announcement of the next plan, the company will clarify its outlook for funding needs for the next period and disclose it in earnings summaries and other materials.
02If a funding surplus is expected at that point, the company will consider shareholder return measures such as share buybacks and dividend increases, without focusing solely on the payout ratio based on current-period profit.
03Conversely, if funding needs are strong and a funding shortfall is expected, the company will consider funding measures.
04However, if a major change in the operating environment occurs or a major new investment opportunity arises, the company will revise its outlook for funding needs during the period, if necessary, and disclose the changes.
Plan assumptionsThe company will assess business performance trends and market conditions at each point in time. As of now, it expects the funding surplus to continue for the next year. Numerical assumptions are Not disclosed
Risks identified by the company
Major changes in the operating environment
The emergence of a major new investment opportunity
Strong funding needs and an expected funding shortfall
Reason for revision or withdrawal
As the company advances dialogue with shareholders in line with corporate governance, it came to believe that it is important to clarify its thinking at each point in time as clearly as possible.
| Item | Details |
|---|---|
| Progress against the plan | Partially revised |
| Payout ratio / DOE policy | When a funding surplus is expected, the company will consider shareholder return measures such as share buybacks and dividend increases, without focusing solely on the payout ratio based on current-period profit. The specific target level and period are Not disclosed |
| Treasury share acquisition policy | The company will consider share buybacks when a funding surplus is expected. The resolution regarding the share buyback announced on 3 August 2026 was made under this policy, and the company expects the funding surplus to continue for the next year. Details of the buyback limit, conditions and timing are Not disclosed |
| Investment amount by sector | Field Investment in rental assets / Amount Not disclosed, Field Securing locations / Amount Not disclosed, Field Execution of M&A transactions / Amount Not disclosed |
| Plan assumptions | The company will assess business performance trends and market conditions at each point in time. As of now, it expects the funding surplus to continue for the next year. Numerical assumptions are Not disclosed |
| Key initiatives | In principle, once a year, in conjunction with the announcement of the next plan, the company will clarify its outlook for funding needs for the next period and disclose it in earnings summaries and other materials., If a funding surplus is expected at that point, the company will consider shareholder return measures such as share buybacks and dividend increases, without focusing solely on the payout ratio based on current-period profit., Conversely, if funding needs are strong and a funding shortfall is expected, the company will consider funding measures., However, if a major change in the operating environment occurs or a major new investment opportunity arises, the company will revise its outlook for funding needs during the period, if necessary, and disclose the changes. |
| Reason for revision or withdrawal | As the company advances dialogue with shareholders in line with corporate governance, it came to believe that it is important to clarify its thinking at each point in time as clearly as possible. |
| Risks identified | Major changes in the operating environment, The emergence of a major new investment opportunity, Strong funding needs and an expected funding shortfall |
| Date of board resolution | 3 August 2026 |
| Publication date | 3 August 2026 |
Items this document does not state (15)
Plan namePlan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planSegment targetNon-financial targetsResults under the previous planSize 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.The company determined that, as it advances dialogue with shareholders in line with corporate governance, it is important to clarify its thinking on funding as clearly as possible at each point in time. It also determined that a funding surplus would continue for the next year and that shareholder returns should be made.
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.