Formulation of Doshisha Group Second Medium-Term Management Plan

Overview of the Second Medium-Term Plan

Doshisha Group announced its second medium-term management plan covering the four fiscal years from the fiscal year ending March 2027 to the fiscal year ending March 2030. Target indicators include consolidated net sales of 150 billion yen, consolidated ordinary income of 15 billion yen, and an ordinary income margin of 10%. As a long-term vision, the company aims to establish a "100 hundred million yen × 30 business unit structure," and will pursue expansion of the business portfolio, improvement of capital efficiency, and strengthening of sustainability management.

Capital Policy, Financial Strategy, and Sustainability

The company emphasizes appropriate allocation of cash and has secured 55 billion yen as required funds. Over the cumulative period from the fiscal year ending March 2027 to the fiscal year ending March 2030, it plans to allocate up to 20 billion yen as a growth investment pool and up to 25 billion yen for shareholder returns. The company targets ROE of 10% or more, a payout ratio of 60% or more, and PBR of 1.5 times or higher. Under the Sustainability Promotion Committee, it will continue initiatives based on five materialities.