Source disclosure: January 30, 2026
NAC CO.,LTD. [9788.T]
TOKYO — NAC Co., Ltd., listed on the Tokyo Stock Exchange Prime Market under code number 9788, today announced an update to its strategy aimed at achieving sustainable growth and enhancing long-term corporate value by addressing capital costs and stock prices. The company's president, Hiroshi Yoshimura, provided insights during a press conference held after the board meeting on January 30, 2026.
The company has been focused on expanding consolidated sales revenue while maintaining high levels of Return on Equity (ROE), reflecting a shareholder-centric approach. However, recent financial performance has shown some challenges. Specifically, ROE declined from around 8% between fiscal years 2021/3 through 2023/3 to 6.26% in fiscal year 2024/3 due to reduced net income. In fiscal year 2025/3, despite recording a higher Price-to-Book Ratio (PBR) of 1.11, which is the highest level in the past five years, net income further decreased to 6.06% due to special losses.
Financial highlights include consolidated sales revenues increasing from ¥55,513 million in fiscal year 2021/3 to ¥59,791 million in fiscal year 2025/3. Net income attributable to parent shareholders fluctuated but showed a downward trend over these periods, starting from ¥1,837 million in fiscal year 2021/3 to ¥1,365 million in fiscal year 2025/3. Additionally, the average daily trading volume exceeded the Prime Market maintenance requirement of ¥200 million throughout fiscal years 2024/3 and 2025/3, indicating improved liquidity.
In response to these trends, NAC outlined several initiatives to improve its market standing and enhance investor confidence. These include strengthening brand recognition, intensifying IR activities, reinforcing sustainability efforts, and implementing measures to boost investment appeal. For instance, the company plans to launch a new "Long-Term Vision 2035" that aims to achieve annual sales of ¥1 trillion and an operating margin of 8% by fiscal year 2035/3. Furthermore, it will focus on enhancing communication strategies such as setting up official X (formerly Twitter) and Instagram accounts to disseminate information more effectively across various platforms.
These strategic moves reflect NAC’s commitment to not only stabilize but also elevate its PBR above one times, aiming for sustained improvement in enterprise value and increased attractiveness among investors and stakeholders.
Note: Financial figures from the earnings presentation have been removed pending correction. For accurate figures, refer to the company's earnings summary (kessan tanshin) filed separately on TDNet.
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