KOKUYO CO.,LTD. (7984) Stock Price

Kokuyo operates two main business segments: the Workstyle segment and the Lifestyle segment. In the Workstyle segment, the company runs a Furniture business and a Business Supply Distribution business. The Furniture business manufactures and sells office furniture and public furniture, and provides office space design and consulting services. Key affiliated companies include Kokuyo Corporation and Origin Corporation.

The Business Supply Distribution business handles wholesale and e-commerce sales of office-related products. Major companies in this segment include Kaunet Corporation and Kokuyo Marketing Corporation. Through these operations, the company provides a wide range of office supplies to businesses and individuals.

In the Lifestyle segment, Kokuyo operates a Stationery business and an Interior Retail business. The Stationery business manufactures and sells writing instruments and stationery products, with Kokuyo Corporation and Kokuyo Industrial Shiga Corporation as key affiliated companies. This allows the company to provide high-quality stationery products domestically and internationally.

The Interior Retail business operates the interior shop "Actus," which sources and sells interior furnishings and lifestyle goods. Actus Corporation manages this business, offering consumers a diverse range of lifestyle products.

Kokuyo has established "CCC2030," a long-term vision toward 2030, and is pursuing sustainable management. Under this vision, the company has adopted a "forest management model" and aims to create enriched lifestyles in the areas of "work" and "learning and living" as a "WORK & LIFE STYLE Company."

The company leverages its strength in the "excitement value creation cycle," which proposes future solutions from a customer perspective and generates new experiential value through live offices and directly operated stores. Going forward, the company will combine knowledge across business divisions to create synergies between businesses, targeting a diverse portfolio of businesses with approximately 500 billion yen in revenue.

From 2025, the company will promote "Unite for Growth 2027," advancing growth in existing businesses and expanding into new domains. Targets for fiscal year 2027 include revenue of 430 billion yen, an overseas revenue ratio of 20%, EBITDA of 43 billion yen, and ROE of 9% or higher.

As a management strategy, the company prioritizes cash flow and executes an experiential value expansion strategy. It will pursue sustained EBITDA growth through strengthening existing businesses in Japan and overseas and through M&A. Additionally, the company will strengthen its management foundation by enhancing human resources and knowledge, thereby reducing risk.

In business strategy, the furniture division will capture office demand, while the business supply distribution division will optimize the purchasing experience. The stationery division will shift toward global "learning methods," and the interior retail division will drive growth across stores and e-commerce channels.

In financial strategy, the company will achieve ROE targets through balance sheet management and invest 89 billion yen based on capital allocation. As a shareholder return policy, the company will implement progressive dividends and share buybacks to enhance shareholder value.