Worth reading
70In focus
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
5.4
¥100 millionWording
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.
What happened to the previous plan¥57.3 100 million → ¥59.6 100 million（104%）+4.0%Calculated from the two disclosed figures
Investment amount by sectorField Growth Investment / Amount ¥4.0 billion plus, Field Maintenance and replacement investments in existing businesses / Amount Within depreciation and amortization expense for each fiscal year
Statements about the use of capital
Payout ratio / DOE policyDuring the plan period, the company aims to maintain a payout ratio of approximately 50% and increase dividends continuously. The applicable period is the three years covered by Medium-Term Management Plan 2028. DOE: not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Cost of capitalCost of equity: approximately 7%The cost of capital is the minimum rate of return expected by shareholders and banks from the company.
Key initiatives
01Achieve quantitative targets
02Deepen business portfolio management
03Make proactive growth investments
04Strengthen human capital management
05Initiatives to maintain and expand the earnings base
06Initiatives to achieve further business growth
07Initiatives to strengthen functions
Plan assumptionsExchange rate US$1 = ¥150; THB1 = ¥4.5
Segment targetSegment Electronics / Sales Target FY2026 230 / FY2027 235 / FY2028 243 / Operating profit target FY2026 18.8 / FY2027 19.3 / FY2028 20.5, Segment Mobility / Sales Target FY2026 170 / FY2027 175 / FY2028 182 / Operating profit target FY2026 11.1 / FY2027 11.5 / FY2028 12, Segment Medical and Precision Equipment / Sales Target FY2026 75 / FY2027 76 / FY2028 77 / Operating profit target FY2026 7 / FY2027 7.2 / FY2028 7.5
Risks identified by the company
Actual results and other outcomes may differ from the forecasts above due to various uncertainties going forward.
Future results may differ from the current forecasts.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2028 |
| Plan period | Three years from the fiscal year ending March 2027 through the fiscal year ending March 2029 |
| Progress against the plan | Formulated |
| Sales Target | 464.0 (FY2025 actual) → 500.0 (FY2028 target) |
| Operating profit target | 59.6 (Medium-Term Management Plan 2025 actual, three-year cumulative) → 65.0 (Medium-Term Management Plan 2028 target, three-year cumulative)（109%） |
| ROE target | 11.9% (Medium-Term Management Plan 2025, three-year average actual) → At least 12.0% (Medium-Term Management Plan 2028, three-year average target) |
| Payout ratio / DOE policy | During the plan period, the company aims to maintain a payout ratio of approximately 50% and increase dividends continuously. The applicable period is the three years covered by Medium-Term Management Plan 2028. DOE: not disclosed. |
| Cost of capital | Cost of equity: approximately 7% |
| Investment amount by sector | Field Growth Investment / Amount ¥4.0 billion plus, Field Maintenance and replacement investments in existing businesses / Amount Within depreciation and amortization expense for each fiscal year |
| Segment target | Segment Electronics / Sales Target FY2026 230 / FY2027 235 / FY2028 243 / Operating profit target FY2026 18.8 / FY2027 19.3 / FY2028 20.5, Segment Mobility / Sales Target FY2026 170 / FY2027 175 / FY2028 182 / Operating profit target FY2026 11.1 / FY2027 11.5 / FY2028 12, Segment Medical and Precision Equipment / Sales Target FY2026 75 / FY2027 76 / FY2028 77 / Operating profit target FY2026 7 / FY2027 7.2 / FY2028 7.5 |
| Plan assumptions | Exchange rate US$1 = ¥150; THB1 = ¥4.5 |
| Key initiatives | Achieve quantitative targets, Deepen business portfolio management, Make proactive growth investments, Strengthen human capital management, Initiatives to maintain and expand the earnings base, Initiatives to achieve further business growth, Initiatives to strengthen functions |
| Results under the previous plan | ¥57.3 100 million → ¥59.6 100 million（104%） |
| Risks identified | Actual results and other outcomes may differ from the forecasts above due to various uncertainties going forward., Future results may differ from the current forecasts. |
| Publication date | 24 August 2026 |
Items this document does not state (10)
Operating profit margin targetNet income targetROIC targetTreasury share acquisition policySelf-assessment of PBR and share priceTotal investment planNon-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.The company positions this period as one in which it will establish new strengths and achieve a higher level of growth by creating distinctive value and further expanding its business domains. It aims to achieve sustainable corporate growth and enhance corporate value over the medium to 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.