Marubun Corporation
Update on Measures Toward Realizing Management Conscious of Cost of Capital and Share Price
Marubun Corporation updated its analysis of management focused on cost of capital and share price. A gap between ROE and CoE remains; the company aims to stabilize ROE at 9% or higher and target a PBR above 1. Through the mid-term plan "Marubun Nextage 2027" and related initiatives, it will strengthen growth strategies and financial measures to continuously promote ROE improvement and capital efficiency enhancement.
Key Figures
- ROE target: 9% or higher (mid-term plan target); aspirationally aiming for 10% or higher in the future
- Cost of equity range: approx. 8.6%–19.2% (reference CoE values based on figures)
- PBR target: aim to return to above 1x (current level estimated at around 0.8x)
AI要約
Overview of Initiatives
The document provides an update on the current status of management mindful of cost of capital and share price. Recognizing the gap between ROE and the cost of equity (CoE) and the divergence from market valuation, the company sets a long-term objective of securing a stable ROE of 9% or higher and achieving a PBR above 1x. Centered on Marubun Nextage 2027, it seeks to link growth strategies, financial measures, and non-financial measures to maximize capital efficiency and corporate value.
Future Issues and Policy
Key challenges identified in the current analysis include reducing the cost of equity while achieving EPS growth. With updates to the mid-term plan, the company will advance growth strategies across the Devices, Systems, and Entrepreneur segments, continue sustainable dividends and the use of retained earnings while controlling financial risk, and establish organizational support for examining discontinuous growth opportunities including M&A and for realizing early PMI effects.
Marubun Corporation
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