Worth reading
75Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
10
Operating margin (target for the fiscal year ending June 2029, %)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedOperating profit margin+3.0pt
基準 2,026Target2,029%
ROE+3.0pt
基準 2,026Target2,029%
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. For metrics expressed as percentages, differences are shown in percentage points (pt).
What happened to the previous plan2023 (Initial forecast) Net Sales ¥28.5 billion / Operating profit ¥3 billion / ROE 30% / My Home Robo Operating Profit ¥450 million / IP Licensing Operating Profit Not disclosed → November 2025 (Revised forecast) Net Sales ¥15 billion / Operating profit ¥500 million / ROE 4.0% / My Home Robo Operating Profit ¥90 million / IP Licensing Operating Profit ¥60 million
Investment amount by sectorImproving profitability in the housing business, Expansion of Housing OS, 3D-printed homes and overseas expansion
Statements about the use of capital
Payout ratio / DOE policyUsing a payout ratio of 35%–40% as a guideline, the company will continue quarterly dividend payments. The applicable period is not specified. No DOE is stated.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Increase the order conversion rate by visualizing and standardizing sales activities, including talk scripts and AI feedback
02Improve gross margins by expanding the housing-industry SPA model
03Review unprofitable stores, products and advertising, and shorten the turnover period for land and completed inventory
04Redesign My Home Robo: from a floor-plan search service to an AI solution for home construction
05Develop renovation and remodeling products through the IP licensing business
06Launch an AI customer acquisition portal
07Complete phase 2 of the design automation proof-of-concept with Canada-based Maket Technologies Inc.
08Develop construction 3D printers in-house and standardize material formulations and construction quality
09Select domestic franchise construction partners and design the revenue model
10Select partners, conduct demonstrations and build model homes in Southeast Asia (Indonesia and Malaysia)
11Select development partners for Physical AI and prepare an operating manual for the franchise business
12Begin recruiting domestic franchise construction partners
13Establish a nationwide sales structure for the new My Home Robo
14Build a housing data platform usable by adopting companies and leverage big data
15Establish a domestic and overseas franchise partner network
16Generate recurring revenue from materials, printers and data preparation
17Apply AI to most sales, design and production processes
Plan assumptionsNew housing starts are projected to decline from 820,000 units in 2024 to 610,000 units in 2040, The global 3D-printing construction market is expected to grow from $15.4 billion in 2025 to $1.8307 trillion in 2035, at a CAGR of 61.2%, The global population is projected to increase from approximately 8.3 billion in 2026 to approximately 9.8 billion in 2050, Workers aged 55 and over account for 36.7% of the construction workforce, The construction cost index is up approximately 4%–5% year on year, Material prices and mortgage rates are rising
Segment targetSegment My Home Robo / Target for the fiscal year ending June 2029 600 companies adopting the service, operating profit of ¥200 million, Segment IP Licensing / Target for the fiscal year ending June 2029 100加盟 stores, operating profit of ¥200 million, Segment AI customer acquisition platform / Target for the fiscal year ending June 2029 60 store openings, operating profit of ¥150 million, Segment Detached Houses Business / Target for the fiscal year ending June 2029 Gross margin on detached houses of 35%, labor productivity of 200, SG&A-to-sales ratio of no more than 20%, Segment 3D-printed homes business / Target for the fiscal year ending June 2029 Domestic company-operated sales of ¥2 billion, overseas company-operated sales of ¥720 million, 50 franchisees, printer sales and leasing revenue of ¥500 million, franchise fees of ¥50 million, materials and data preparation fees of ¥250 million (100 homes), royalty income of ¥50 million, total cost reduction of 40%
Non-financial targetsIndicator Number of companies adopting My Home Robo / Target value 600 companies / Timing Fiscal year ending June 2029, Indicator Number of IP license member stores / Target value 100 companies / Timing Fiscal year ending June 2029, Indicator Number of AI customer acquisition platform store openings / Target value 60 companies / Timing Fiscal year ending June 2029, Indicator Number of 3D-printed home franchisees / Target value 50 companies / Timing Fiscal year ending June 2029, Indicator Labor productivity / Target value At least 200% versus the fiscal year ended June 2026 / Timing Fiscal year ending June 2029, Indicator Total cost reduction in the 3D-printed homes business / Target value 40% reduction / Timing Fiscal year ending June 2029
Size of the Target MarketMarket Domestic housing market (new construction plus renovation and remodeling) / Scale Approximately ¥29.4 trillion / Source Not disclosed, Market Global 3D-printing construction market / Scale $15.4 billion in 2025, $1.8307 trillion in 2035 / Growth rate CAGR61.2% / Source Precedence Research, Market Domestic housing companies and builders (SAM) / Scale Approximately 35,000 companies / Source According to the Housing Industry Research Institute
Risks identified by the company
Fluctuations in material prices and interest rates
Delays in 3D-printing technology demonstrations and certification
Uncertainty in overseas operations
Difficulty securing personnel and shortages of specialized talent
Natural disasters, infectious diseases and other events
Reason for revision or withdrawal
The company examined changes in the market environment and the challenges, and reflected the findings in its next growth strategy. External factors were higher material and labor costs, higher mortgage rates, and the continued decline in new housing starts. Internal factors were the difficulty of differentiating My Home Robo's standalone functions amid the rapid evolution of generative AI, more cautious investment decisions by prospective IP licensee companies, and an approximately one-year delay from the original plan to commercialize and launch 3D-printed homes.
| Item | Details |
|---|---|
| Plan name | Lib Earth Shot 2029 |
| Plan period | July 2026–June 2029 (2026.7–2029.6) |
| Progress against the plan | Formulated |
| Operating profit margin target | 3.4% (actual for the fiscal year ended June 2026) → At least 10% (target for the fiscal year ending June 2029)（At least 194.1%） |
| ROE target | 2.2% (actual for the fiscal year ended June 2026) → At least 20% (target for the fiscal year ending June 2029)（At least 809.1%） |
| Payout ratio / DOE policy | Using a payout ratio of 35%–40% as a guideline, the company will continue quarterly dividend payments. The applicable period is not specified. No DOE is stated. |
| Investment amount by sector | Improving profitability in the housing business, Expansion of Housing OS, 3D-printed homes and overseas expansion |
| Segment target | Segment My Home Robo / Target for the fiscal year ending June 2029 600 companies adopting the service, operating profit of ¥200 million, Segment IP Licensing / Target for the fiscal year ending June 2029 100加盟 stores, operating profit of ¥200 million, Segment AI customer acquisition platform / Target for the fiscal year ending June 2029 60 store openings, operating profit of ¥150 million, Segment Detached Houses Business / Target for the fiscal year ending June 2029 Gross margin on detached houses of 35%, labor productivity of 200, SG&A-to-sales ratio of no more than 20%, Segment 3D-printed homes business / Target for the fiscal year ending June 2029 Domestic company-operated sales of ¥2 billion, overseas company-operated sales of ¥720 million, 50 franchisees, printer sales and leasing revenue of ¥500 million, franchise fees of ¥50 million, materials and data preparation fees of ¥250 million (100 homes), royalty income of ¥50 million, total cost reduction of 40% |
| Non-financial targets | Indicator Number of companies adopting My Home Robo / Target value 600 companies / Timing Fiscal year ending June 2029, Indicator Number of IP license member stores / Target value 100 companies / Timing Fiscal year ending June 2029, Indicator Number of AI customer acquisition platform store openings / Target value 60 companies / Timing Fiscal year ending June 2029, Indicator Number of 3D-printed home franchisees / Target value 50 companies / Timing Fiscal year ending June 2029, Indicator Labor productivity / Target value At least 200% versus the fiscal year ended June 2026 / Timing Fiscal year ending June 2029, Indicator Total cost reduction in the 3D-printed homes business / Target value 40% reduction / Timing Fiscal year ending June 2029 |
| Plan assumptions | New housing starts are projected to decline from 820,000 units in 2024 to 610,000 units in 2040, The global 3D-printing construction market is expected to grow from $15.4 billion in 2025 to $1.8307 trillion in 2035, at a CAGR of 61.2%, The global population is projected to increase from approximately 8.3 billion in 2026 to approximately 9.8 billion in 2050, Workers aged 55 and over account for 36.7% of the construction workforce, The construction cost index is up approximately 4%–5% year on year, Material prices and mortgage rates are rising |
| Key initiatives | Increase the order conversion rate by visualizing and standardizing sales activities, including talk scripts and AI feedback, Improve gross margins by expanding the housing-industry SPA model, Review unprofitable stores, products and advertising, and shorten the turnover period for land and completed inventory, Redesign My Home Robo: from a floor-plan search service to an AI solution for home construction, Develop renovation and remodeling products through the IP licensing business, Launch an AI customer acquisition portal, Complete phase 2 of the design automation proof-of-concept with Canada-based Maket Technologies Inc., Develop construction 3D printers in-house and standardize material formulations and construction quality, Select domestic franchise construction partners and design the revenue model, Select partners, conduct demonstrations and build model homes in Southeast Asia (Indonesia and Malaysia), Select development partners for Physical AI and prepare an operating manual for the franchise business, Begin recruiting domestic franchise construction partners, Establish a nationwide sales structure for the new My Home Robo, Build a housing data platform usable by adopting companies and leverage big data, Establish a domestic and overseas franchise partner network, Generate recurring revenue from materials, printers and data preparation, Apply AI to most sales, design and production processes |
| Results under the previous plan | 2023 (Initial forecast) Net Sales ¥28.5 billion / Operating profit ¥3 billion / ROE 30% / My Home Robo Operating Profit ¥450 million / IP Licensing Operating Profit Not disclosed → November 2025 (Revised forecast) Net Sales ¥15 billion / Operating profit ¥500 million / ROE 4.0% / My Home Robo Operating Profit ¥90 million / IP Licensing Operating Profit ¥60 million |
| Reason for revision or withdrawal | The company examined changes in the market environment and the challenges, and reflected the findings in its next growth strategy. External factors were higher material and labor costs, higher mortgage rates, and the continued decline in new housing starts. Internal factors were the difficulty of differentiating My Home Robo's standalone functions amid the rapid evolution of generative AI, more cautious investment decisions by prospective IP licensee companies, and an approximately one-year delay from the original plan to commercialize and launch 3D-printed homes. |
| Size of the Target Market | Market Domestic housing market (new construction plus renovation and remodeling) / Scale Approximately ¥29.4 trillion / Source Not disclosed, Market Global 3D-printing construction market / Scale $15.4 billion in 2025, $1.8307 trillion in 2035 / Growth rate CAGR61.2% / Source Precedence Research, Market Domestic housing companies and builders (SAM) / Scale Approximately 35,000 companies / Source According to the Housing Industry Research Institute |
| Risks identified | Fluctuations in material prices and interest rates, Delays in 3D-printing technology demonstrations and certification, Uncertainty in overseas operations, Difficulty securing personnel and shortages of specialized talent, Natural disasters, infectious diseases and other events |
| Publication date | 29 September 2026 |
Items this document does not state (9)
Sales TargetOperating profit targetNet income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planDate of board resolution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Because the company examined changes in the market environment and the challenges that led to the previous medium-term management plan falling short of its targets, and reflected the findings in its next growth strategy. External factors included higher material and labor costs, higher mortgage rates, and a decline in new housing starts. Internal factors included the difficulty of differentiating My Home Robo, more cautious investment decisions by prospective IP licensee companies, and delays in commercializing and launching 3D-printed homes.
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