Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
217
¥ millions (increase in FY26 operating profit forecast)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet SalesNot disclosed → ¥10,658 million
Operating profitNot disclosed → ¥1,321 million
Operating profit marginNot disclosed → 12.4 %
Net income for the current fiscal yearNot disclosed → ¥721 million
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Self-assessment of PBR and share priceThe Company aims to increase market capitalization from approximately ¥3.2 billion, assuming an EBITDA multiple of approximately 10x, to approximately ¥18 billion by the end of FY28. Specific assessment of PBR and the share price: Not disclosedPBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Growth across all home healthcare, regional revitalization and IoT segments
02Review of costs in the home healthcare and regional revitalization businesses
03¥5 billion in revenue from the regional revitalization business
04Bring the IoT business into the black
05IoT contribution to earnings
06Company-wide operating margin above 10%
07Partially revise the farm opening plan
08Close, consolidate and integrate multiple locations
09Strengthen B2B marketing and customer success initiatives
10Invest actively in selling, general and administrative expenses and aim for successive doubling of growth
Plan assumptionsThe number of customer companies is assumed to increase by approximately 40 annually., The plan assumes a gradual increase in the churn rate and is somewhat conservative., The proportion of relatively large farms accepting more than 90 people per farm will increase., The annual price per customer company is expected to rise due to the effects of price increases and region-specific pricing.
Segment targetSegment Regional Revitalization / FY27 sales ¥5,517 million / FY27 operating profit ¥1,437 million / FY28 sales ¥6,823 million / FY28 operating profit ¥1,758 million, Segment Home Healthcare Business / FY27 sales ¥2,428 million / FY27 operating profit ¥259 million / FY28 sales ¥2,821 million / FY28 operating profit ¥358 million, Segment IoT solutions services business / FY27 sales ¥519 million / FY27 operating profit ¥24 million / FY28 sales ¥1,012 million / FY28 operating profit ¥328 million, Segment Companywide / FY27 sales ¥8,465 million / FY27 operating profit ¥780 million / FY28 sales ¥10,658 million / FY28 operating profit ¥1,321 million
Non-financial targetsIndicator Number of farms / Target value FY27 35、FY28 43 / Timing FY27〜FY28, Indicator Number of customer companies using the regional revitalization business / Target value Increase of approximately 40 companies annually; 356 companies in FY28 / Timing FY28, Indicator Annual recurring revenue from the regional revitalization business / Target value ¥5,697 million in FY28 (more than ¥5 billion) / Timing FY28, Indicator Full-time-equivalent nurses in the home healthcare business / Target value 225 in FY28 / Timing FY28, Indicator Number of users of the Home Healthcare business / Target value 4,076 in FY28 / Timing FY28, Indicator Annual visits in the home healthcare business / Target value 297 thousand visits in FY28 / Timing FY28, Indicator Number of customer companies using the IoT solutions services business / Target value 667 companies in FY28 / Timing FY28, Indicator Annual recurring revenue from the IoT solutions services business / Target value ¥937 million in FY28 / Timing FY28
Size of the Target MarketFigures 11.6 million people with disabilities, 6.03 million people with mental disabilities, 36.24 million older workers, 704,000 people with disabilities employed by private-sector companies, 502,000, 103,000 and 43,000 users of welfare-based employment services, 1,788 people receiving support for general employment / Growth rate The statutory employment rate will rise from 2.3% to 2.5%, and then to 2.7% in July 2026. / Source Cabinet Office, Japan: 2025 White Paper on Persons with Disabilities and 2025 White Paper on the Aging Society, Ministry of Health, Labour and Welfare: Patient Survey, Overview of the Survey of Social Welfare Institutions and 2025 Results of the Survey on the Employment Status of Persons with Disabilities
Risks identified by the company
Responding to increases in the statutory employment rate for people with disabilities
Regional disparities in employment opportunities for people with disabilities
Workplace retention of people with disabilities
Fixed-cost burden and location operations in the home healthcare business
Rising Churn Rate
Reason for revision or withdrawal
In the regional revitalization business, demand from customer companies remains strong, while labor costs and other expenses declined as farm productivity improved. In addition, because orders from semiconductor-related companies and other customers and additional orders from existing customers exceeded expectations, the allocation of funds to marketing expenses was partially revised. In the home healthcare business, fixed costs such as land and building rents and the staff development policy were reviewed, and the business has shifted its focus back toward achieving a return to profitability at an early stage.
| Item | Details |
|---|---|
| Plan name | Medium-Term Business Plan |
| Plan period | FY26〜FY28 |
| Progress against the plan | Partially revised |
| Sales Target | Not disclosed → ¥10,658 million |
| Operating profit target | Not disclosed → ¥1,321 million |
| Operating profit margin target | Not disclosed → 12.4 % |
| Net income target | Not disclosed → ¥721 million |
| Self-assessment of PBR and share price | The Company aims to increase market capitalization from approximately ¥3.2 billion, assuming an EBITDA multiple of approximately 10x, to approximately ¥18 billion by the end of FY28. Specific assessment of PBR and the share price: Not disclosed |
| Segment target | Segment Regional Revitalization / FY27 sales ¥5,517 million / FY27 operating profit ¥1,437 million / FY28 sales ¥6,823 million / FY28 operating profit ¥1,758 million, Segment Home Healthcare Business / FY27 sales ¥2,428 million / FY27 operating profit ¥259 million / FY28 sales ¥2,821 million / FY28 operating profit ¥358 million, Segment IoT solutions services business / FY27 sales ¥519 million / FY27 operating profit ¥24 million / FY28 sales ¥1,012 million / FY28 operating profit ¥328 million, Segment Companywide / FY27 sales ¥8,465 million / FY27 operating profit ¥780 million / FY28 sales ¥10,658 million / FY28 operating profit ¥1,321 million |
| Non-financial targets | Indicator Number of farms / Target value FY27 35、FY28 43 / Timing FY27〜FY28, Indicator Number of customer companies using the regional revitalization business / Target value Increase of approximately 40 companies annually; 356 companies in FY28 / Timing FY28, Indicator Annual recurring revenue from the regional revitalization business / Target value ¥5,697 million in FY28 (more than ¥5 billion) / Timing FY28, Indicator Full-time-equivalent nurses in the home healthcare business / Target value 225 in FY28 / Timing FY28, Indicator Number of users of the Home Healthcare business / Target value 4,076 in FY28 / Timing FY28, Indicator Annual visits in the home healthcare business / Target value 297 thousand visits in FY28 / Timing FY28, Indicator Number of customer companies using the IoT solutions services business / Target value 667 companies in FY28 / Timing FY28, Indicator Annual recurring revenue from the IoT solutions services business / Target value ¥937 million in FY28 / Timing FY28 |
| Plan assumptions | The number of customer companies is assumed to increase by approximately 40 annually., The plan assumes a gradual increase in the churn rate and is somewhat conservative., The proportion of relatively large farms accepting more than 90 people per farm will increase., The annual price per customer company is expected to rise due to the effects of price increases and region-specific pricing. |
| Key initiatives | Growth across all home healthcare, regional revitalization and IoT segments, Review of costs in the home healthcare and regional revitalization businesses, ¥5 billion in revenue from the regional revitalization business, Bring the IoT business into the black, IoT contribution to earnings, Company-wide operating margin above 10%, Partially revise the farm opening plan, Close, consolidate and integrate multiple locations, Strengthen B2B marketing and customer success initiatives, Invest actively in selling, general and administrative expenses and aim for successive doubling of growth |
| Reason for revision or withdrawal | In the regional revitalization business, demand from customer companies remains strong, while labor costs and other expenses declined as farm productivity improved. In addition, because orders from semiconductor-related companies and other customers and additional orders from existing customers exceeded expectations, the allocation of funds to marketing expenses was partially revised. In the home healthcare business, fixed costs such as land and building rents and the staff development policy were reviewed, and the business has shifted its focus back toward achieving a return to profitability at an early stage. |
| Size of the Target Market | Figures 11.6 million people with disabilities, 6.03 million people with mental disabilities, 36.24 million older workers, 704,000 people with disabilities employed by private-sector companies, 502,000, 103,000 and 43,000 users of welfare-based employment services, 1,788 people receiving support for general employment / Growth rate The statutory employment rate will rise from 2.3% to 2.5%, and then to 2.7% in July 2026. / Source Cabinet Office, Japan: 2025 White Paper on Persons with Disabilities and 2025 White Paper on the Aging Society, Ministry of Health, Labour and Welfare: Patient Survey, Overview of the Survey of Social Welfare Institutions and 2025 Results of the Survey on the Employment Status of Persons with Disabilities |
| Risks identified | Responding to increases in the statutory employment rate for people with disabilities, Regional disparities in employment opportunities for people with disabilities, Workplace retention of people with disabilities, Fixed-cost burden and location operations in the home healthcare business, Rising Churn Rate |
| Publication date | 15 July 2026 |
Items this document does not state (9)
ROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorResults 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.In the regional revitalization business, orders from semiconductor-related companies and additional orders from existing customers exceeded expectations, while labor costs and other expenses declined as farm productivity improved. In addition, in the home healthcare business, fixed costs such as land and building rents and the staff development policy were reviewed, with the aim of returning to profitability again at an early stage.
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