Worth reading
52Recurring
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
8
¥100 million (net sales: increase from ¥16.2 billion in fiscal 2025 to the fiscal 2028 target of ¥17.0 billion)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.1%
基準 2,025Target2,028100 million
Operating profit+0.1%
基準 2,025Target2,028100 million
ROE+3.0pt
基準 2,025Target2,028%
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.
Operating profit marginFiscal 2025 actual: 8.8% → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planFiscal 2025 plan (after revisions in '24 and '25): net sales of ¥15.0 billion, operating margin of 8.3% → Fiscal 2025 actual: net sales of ¥16.2 billion, operating margin of 8.8%（Approximately 8.0% increase in net sales）0.0%Calculated from the two disclosed figures
Total investment plan¥1 billion or more (capital expenditure)
Investment amount by sectorField Capital expenditure / Amount ¥1 billion or more / Details Upgrading the facilities and spaces centered on the main building, and substantially renewing confectionery manufacturing equipment
Statements about the use of capital
Payout ratio / DOE policyOur basic policy is to maintain stable dividends while enhancing shareholder returns in line with business performance. Period covered: medium-term plan period (fiscal years 2026–2028)The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01① Make strategic investments in people and physical assets
02② Enhance the strength of our brand, a longstanding source of our competitive advantage
03③ Capitalize on the wave of technological innovation to improve productivity and strengthen our competitive advantage
04Strengthen brand strength
05Productivity improvement
Plan assumptionsInflation driven by rising raw material costs, Population decline resulting from the declining birthrate and aging population, Inflation and labor shortages are expected to continue, The emergence of innovative technologies such as generative AI
Risks identified by the company
Inflation
Population decline (market)
Labor Shortages
Technological innovation (AI)
High equipment utilization rates
Aging workforce
Additions and deletions from the previous plan: Not disclosed
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan (FY2026-FY2028) |
| Plan period | Three years from fiscal 2026 through fiscal 2028 |
| Progress against the plan | Formulated |
| Sales Target | Fiscal 2025 actual: ¥16.2 billion → Fiscal 2028 target: ¥17.0 billion（Approximately 4.9% increase） |
| Operating profit target | Fiscal 2025 actual: ¥1.4 billion → Fiscal 2028 target: ¥1.5 billion（Approximately 7.1% increase） |
| Operating profit margin target | Fiscal 2025 actual: 8.8% → Not disclosed |
| ROE target | Fiscal 2025 actual: 8.2% → Fiscal 2028 target: 8% or higher |
| Payout ratio / DOE policy | Our basic policy is to maintain stable dividends while enhancing shareholder returns in line with business performance. Period covered: medium-term plan period (fiscal years 2026–2028) |
| Total investment plan | ¥1 billion or more (capital expenditure) |
| Investment amount by sector | Field Capital expenditure / Amount ¥1 billion or more / Details Upgrading the facilities and spaces centered on the main building, and substantially renewing confectionery manufacturing equipment |
| Plan assumptions | Inflation driven by rising raw material costs, Population decline resulting from the declining birthrate and aging population, Inflation and labor shortages are expected to continue, The emergence of innovative technologies such as generative AI |
| Key initiatives | ① Make strategic investments in people and physical assets, ② Enhance the strength of our brand, a longstanding source of our competitive advantage, ③ Capitalize on the wave of technological innovation to improve productivity and strengthen our competitive advantage, Strengthen brand strength, Productivity improvement |
| Results under the previous plan | Fiscal 2025 plan (after revisions in '24 and '25): net sales of ¥15.0 billion, operating margin of 8.3% → Fiscal 2025 actual: net sales of ¥16.2 billion, operating margin of 8.8%（Approximately 8.0% increase in net sales） |
| Risks identified | Inflation, Population decline (market), Labor Shortages, Technological innovation (AI), High equipment utilization rates, Aging workforce, Additions and deletions from the previous plan: Not disclosed |
| Publication date | 7 May 2026 |
Items this document does not state (10)
Net income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceSegment targetNon-financial targetsReason 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.Amid structural changes including inflation driven by rising raw material costs, population decline resulting from the declining birthrate and aging population, and the emergence of innovative technologies such as generative AI, continuous evolution is essential to maintain our competitive advantage and remain a company of choice in the next generation. We also aim to build a robust organization capable of driving sustainable growth over the long term.
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.