{"id":108636,"date":"2026-08-31T15:56:40","date_gmt":"2026-08-31T06:56:40","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/3439-20260831-01_wp_capital_policy\/"},"modified":"2026-08-31T15:56:40","modified_gmt":"2026-08-31T06:56:40","slug":"3439-20260831-01_wp_capital_policy","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-3439\/ir\/3439-20260831-01_wp_capital_policy\/","title":{"rendered":"Response for realizing management mindful of capital cost and stock price (Update)"},"content":{"rendered":"<p>Update assuming a capital cost of approximately 7.9% to aim for ROE improvement. Clarifies the pursuit of improved capital efficiency, asset compression, ROIC-oriented management penetration, deeper shareholder return policy, and hurdle settings for growth investments. For the 2027 fiscal year target, medium- to long-term goals include ROE of 8%+ and a PBR of 1.0x or higher.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3439","jir_company_name":"Mitsuji Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-08-31","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/3439-20260831-01.pdf","jir_short_summary":"Update assuming a capital cost of approximately 7.9% to aim for ROE improvement. Clarifies the pursuit of improved capital efficiency, asset compression, ROIC-oriented management penetration, deeper shareholder return policy, and hurdle settings for growth investments. For the 2027 fiscal year target, medium- to long-term goals include ROE of 8%+ and a PBR of 1.0x or higher.","jir_summary":"### Section header\nThis material is an update to the August 2024 disclosure, organizing and deepening progress and initiatives toward realizing management mindful of capital cost and stock price. Through three steps\u2014progress review, reflection of discussions, and policy deepening\u2014the measures focus on strengthening ROIC, ROE, asset compression, and capital allocation, aiming to revise the financial base and enhance stability of shareholder returns.\n\n### Section 2 heading\nIn the direction of the business portfolio, growth drivers such as automotive sensors and safety components will be strengthened, with the aim of expanding overseas and into non-automotive fields. As for capital efficiency, asset compression, introduction of ROIC management, setting hurdles for growth investments, and PDCA reviews after investments are clarified. The shareholder return policy is based on stable dividends, with a dividend payout ratio target of around 30%.","jir_financial_highlights":"Cost of equity (CoE): 7.9% approximately (Newly set \/ premise stated)\nROE: 2.13% (FY2026\/6)\nPBR: 0.30x (Trend)","jir_category":"","jir_hashtags":"#Mitsuji, #CapitalPolicy, #CapitalCostConsciousManagement, #ROICInvestmentDiscipline, #ShareholderReturnPolicy","jir_key_figures":"Cost of equity (CoE): 7.9% approximately\nROE: 2.13% (FY2026\/6)\nPBR: 0.30x (as of end-FY2026\/6)","jir_meta_title":"\u3010Mitsuji\u3011Update on Capital Cost-Conscious Management\uff5cAugust 2026","jir_meta_description":"Mitsuji discloses an update aiming to improve ROE and capital efficiency assuming a capital cost of around 7.9%. Structured around asset compression, ROIC management, and strengthened investment discipline, the plan seeks to stabilize shareholder returns and target ROE of 8%+ and PBR of 1.0x+ in the medium to long term.","jir_og_title":"\u3010Mitsuji\u3011Update on Capital Cost-Conscious Management\uff5cAugust 2026","jir_og_description":"Disclosure of a management reform update mindful of capital cost. Details on ROE improvement, capital efficiency enhancement, and deepening of shareholder returns. Medium- to long-term targets: ROE 8%+ and PBR 1.0x+.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":60649,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-108636","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Response for realizing management mindful of capital cost and stock price (Update) - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-3439\/ir\/3439-20260831-01_wp_capital_policy\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-3439\/ir\/3439-20260831-01_wp_capital_policy\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-3439\/ir\/3439-20260831-01_wp_capital_policy\/\",\"name\":\"Response for realizing management mindful of capital cost and stock price (Update) - 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