Worth reading
55In focus
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
500
¥100 million (revenue target for the fiscal year ending March 2031)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+150.0%
基準 20Target50Hundreds of millions of yen
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. The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
Key initiatives
01Expand growth into multiple markets by leveraging the strengths of our AI/IoT platform
02Services for telecommunications operators
03Connected cars
04AI-native AI cameras
05AI × IoT solutions
06An inorganic strategy to further accelerate our growth
07① Growth and expansion of the core IoT business
08② Accelerating overseas expansion
09Rapid expansion in domestic connectivity demand
10Accelerating growth at domestic group companies
11Connected cars / IoT infrastructure business for telecommunications operators
12Rapid expansion through the acquisition of overseas IoT MVNOs
13Step-by-step expansion into surrounding markets in Europe and the United States
Plan assumptionsExchange rate: ¥150 per US dollar (earnings forecast for the fiscal year ending March 2027)
Size of the Target MarketMarket Size Approximately US$952.3 billion (2029) / Growth rate Not disclosed / Source IDC, “Worldwide Internet of Things Spending Guide” (December 2025)
Risks identified by the company
Revenue concentration among specific customers (likelihood of materialization: low; impact: medium; timing of materialization: undetermined)
Procurement of telecommunications lines (likelihood of materialization: low; impact: high; timing of materialization: undetermined)
Procurement of SIM cards and devices (likelihood of materialization: medium; impact: medium; timing of materialization: undetermined)
Reason for revision or withdrawal
As the pursuit of inorganic growth through strategic alliances and M&A is expected to achieve a higher growth trajectory, we have revised our medium- to long-term targets, effective this time, to revenue of ¥50 billion by the fiscal year ending March 2031 and an organic EBITDA margin of more than 20%.
| Item | Details |
|---|---|
| Plan name | Medium- to Long-Term Growth Outlook |
| Plan period | Fiscal years ending March 2026 to March 2031 (targeting the fiscal year ending March 2031) |
| Progress against the plan | Partially revised |
| Sales Target | More than ¥20 billion → ¥50.0 billion |
| Plan assumptions | Exchange rate: ¥150 per US dollar (earnings forecast for the fiscal year ending March 2027) |
| Key initiatives | Expand growth into multiple markets by leveraging the strengths of our AI/IoT platform, Services for telecommunications operators, Connected cars, AI-native AI cameras, AI × IoT solutions, An inorganic strategy to further accelerate our growth, ① Growth and expansion of the core IoT business, ② Accelerating overseas expansion, Rapid expansion in domestic connectivity demand, Accelerating growth at domestic group companies, Connected cars / IoT infrastructure business for telecommunications operators, Rapid expansion through the acquisition of overseas IoT MVNOs, Step-by-step expansion into surrounding markets in Europe and the United States |
| Reason for revision or withdrawal | As the pursuit of inorganic growth through strategic alliances and M&A is expected to achieve a higher growth trajectory, we have revised our medium- to long-term targets, effective this time, to revenue of ¥50 billion by the fiscal year ending March 2031 and an organic EBITDA margin of more than 20%. |
| Size of the Target Market | Market Size Approximately US$952.3 billion (2029) / Growth rate Not disclosed / Source IDC, “Worldwide Internet of Things Spending Guide” (December 2025) |
| Risks identified | Revenue concentration among specific customers (likelihood of materialization: low; impact: medium; timing of materialization: undetermined), Procurement of telecommunications lines (likelihood of materialization: low; impact: high; timing of materialization: undetermined), Procurement of SIM cards and devices (likelihood of materialization: medium; impact: medium; timing of materialization: undetermined) |
| Publication date | 30 June 2026 |
Items this document does not state (15)
Operating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous 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 pursuit of inorganic growth through strategic alliances and M&A is expected to achieve a higher growth trajectory.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.