Hisaka Works, Ltd.
Progress Report on Management Initiatives Focused on Capital Cost and Share Price｜May 15, 2026
The Company improved its PBR to 0.64x by the fiscal year ending March 2026, driving shareholder return measures such as reducing policy-held stocks, increasing dividends, and share buybacks. Based on the new medium-term management plan "Challenge2028," it aims to pursue growth investments and enhance capital efficiency.
Key Figures
- PBR (times): 0.64
- ROE (%): 5.6
- Dividend Payout Ratio (%): 42.2
AI要約
Performance Overview
In the fiscal year ending March 2026, the Company improved its PBR to 0.64x, promoting shareholder return measures such as reducing policy-held stocks, increasing dividends, and share buybacks. ROE was also improved to 5.6%, aiming to enhance profitability. Under the new medium-term management plan "Challenge2028," the Company sets targets of over 5 billion yen in operating income, ROE exceeding 7%, and PBR over 1x, progressing with growth investments and profitability improvements.
Future Outlook and Investor Impact
The Company will continue reducing policy-held stocks and aim to maintain a consolidated net asset ratio below 15% by the fiscal year ending March 2031, balancing growth investments and shareholder returns. Dividends for the fiscal year ending March 2026 are scheduled to increase from 45 yen to 55 yen, enhancing shareholder returns and corporate value. Investors should focus on the improving capital efficiency and sustainable growth strategies.
PBR Trend
ROE Transition
Nisshaku Manufacturing
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