Kyokuyo aims to boost share value with new management strategy

Kyokuyo Co., Ltd. (TSE:1301), a prominent seafood company, has announced a new initiative to implement management practices that are more conscious of its cost of capital and stock price. The move comes as the company acknowledges that its PBR (Price-to-Book Ratio) remains below 1.0 despite ROE (Return on Equity) consistently exceeding 10%. As part of its "Gear Up Kyokuyo 2027" mid-term plan (FY2024-FY2026), the company aims to improve its PER (Price-to-Earnings Ratio) and ROE through several strategies.