フォスター電機 jointly formulated a new medium-term management plan with アクシウム, targeting revenue of ¥220 billion, a 110% payout ratio and ROE of approximately 14% for the fiscal year ending March 2032.
フォスター電機 jointly formulated a new medium-term management plan with its major shareholder, activist investor アクシウム・キャピタル, covering the fiscal year ending March 2032 as its final year. It announced targets of raising its operating margin to approximately 7% and its payout ratio to 110% for FY2032.
For the fiscal year ending March 2032, the company plans to expand sales of automotive speakers in China and North America, targeting revenue of ¥220 billion and ROE of approximately 14%. For the fiscal year ended March 2026, revenue was ¥134.9 billion, the operating margin was 5.7% and ROE was 7.7%.
The company also announced plans to enhance shareholder returns by raising its payout ratio to 110% and conducting share buybacks flexibly. It expects average annual investment of ¥9.5 billion, an increase of 83% from the average for FY2026.
On the same day, it raised its annual dividend forecast for the fiscal year ending March 2027 from the previous forecast of ¥115 to ¥245. For the six months ended September 2026, revenue was ¥73.4 billion and operating profit was ¥3.1 billion, with a mix of factors behind the year-on-year revenue increase and pressure on profit.