Worth reading
73In 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
1000
Hundreds of millions of yenWording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+124.7%
基準 101,909Target229,000Millions of yen
Operating profit+142.1%
基準 13,630Target33,000Millions of yen
Net income for the current fiscal year+150.4%
基準 7,588Target19,000Millions of yen
ROE+4.0pt
基準 2,026.9Target2,030.9%
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).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
Operating profit margin13.4% (FY2026.9 actual) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous plan100,000 (FY2027.9, 1st Medium-Term Management Plan) → 101,909 (FY2026.9 actual)（Approximately +1.9%）+1.9%Calculated from the two disclosed figures
Investment amount by sectorField Growth investment (real estate) / Amount Not disclosed, Field Expansion of the AI Dynamics business service lineup / Amount Not disclosed, Field Building the business platform in the wealth management sector / Amount Not disclosed, Field Strengthening the structure of each business and creating synergies among businesses through M&A / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyBasic policy of a payout ratio of at least 40% of net income per share and progressive dividends. Dividend amounts are planned from FY2027.9 onward. For FY2027.9: ¥23 interim dividend, ¥34 year-end dividend, ¥57 full-year dividend. DOE: not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Making ZISEDAI the operating system for the industry
02High turnover × recurring revenue
03Strengthening wealth management
Plan assumptionsThe plan does not incorporate inorganic contributions and is based on organic growth. Numerical assumptions for exchange rates, market growth rates and raw material prices: not disclosed.
Segment targetSegment AI Dynamics business (ZISEDAI LAND) / Target 1,000 companies using ZISEDAI LAND (FY2030.9 plan) / Revenue and profit targets Not disclosed, Segment Refining / Target AUM of ¥60 billion and sales of ¥30 billion (FY2030.9 plan) / Revenue and profit targets Revenue of ¥30,000 million, Segment Finance Consulting business and private banking / Target AUM of ¥30 billion (FY2030.9 plan) / Revenue and profit targets Not disclosed
Non-financial targetsIndicator Number of companies using ZISEDAI LAND / Target 1,000 companies / Timing FY2030.9, Indicator Acquisition staff / Target 230 people / Timing FY2030.9, Indicator Paid leave utilization rate / Target At least 80% / Timing Not disclosed, Indicator Overtime work / Target Less than 10 hours / Timing Not disclosed
Size of the Target MarketPotential market size of ¥469 trillion (total net financial assets held by affluent and wealthier households). Source: Prepared by the company based on a 2025 news release from Nomura Research Institute.
Risks identified by the company
Higher interest expense burden due to rising interest rates
Increased attractiveness of low-risk assets
Widening interest rate differentials between regions
Rising prices and inflation
Narrowing rent gap between newly built and existing properties
Growth in the affluent population and changes in demand for inheritance tax planning
New information management and quality control risks associated with technological innovation and the use of AI
Demographic trends, declining birthrates and population aging, and changes in housing demand
Interest rate trends and market changes
Fluctuations in construction costs, material prices and labor costs
Domestic and international economic conditions and trends in related industries
Reason for revision or withdrawal
After completing 3 fiscal years since the management integration, the company has gained a clear sense of progress in expanding group earnings power through PMI. It achieved the 1st Medium-Term Management Plan’s FY2027.9 sales target of ¥100 billion, 1 fiscal year ahead of schedule.
| Item | Details |
|---|---|
| Plan name | Long-Term Vision BEYOND 2033 and 2nd Medium-Term Management Plan |
| Plan period | 2nd Medium-Term Management Plan: FY2027.9–FY2030.9; Long-Term Vision: 2033 |
| Progress against the plan | Formulated |
| Sales Target | 101,909 (FY2026.9 actual) → 229,000 (FY2030.9 plan)（Approximately +124.7%） |
| Operating profit target | 13,630 (FY2026.9 actual) → 33,000 (FY2030.9 plan)（Approximately +142.1%） |
| Operating profit margin target | 13.4% (FY2026.9 actual) → Not disclosed |
| Net income target | 7,588 (FY2026.9 actual) → 19,000 (FY2030.9 plan)（Approximately +150.3%） |
| ROE target | 22.3% (FY2026.9 actual) → 20% or higher (FY2030.9 plan) |
| Payout ratio / DOE policy | Basic policy of a payout ratio of at least 40% of net income per share and progressive dividends. Dividend amounts are planned from FY2027.9 onward. For FY2027.9: ¥23 interim dividend, ¥34 year-end dividend, ¥57 full-year dividend. DOE: not disclosed. |
| Investment amount by sector | Field Growth investment (real estate) / Amount Not disclosed, Field Expansion of the AI Dynamics business service lineup / Amount Not disclosed, Field Building the business platform in the wealth management sector / Amount Not disclosed, Field Strengthening the structure of each business and creating synergies among businesses through M&A / Amount Not disclosed |
| Segment target | Segment AI Dynamics business (ZISEDAI LAND) / Target 1,000 companies using ZISEDAI LAND (FY2030.9 plan) / Revenue and profit targets Not disclosed, Segment Refining / Target AUM of ¥60 billion and sales of ¥30 billion (FY2030.9 plan) / Revenue and profit targets Revenue of ¥30,000 million, Segment Finance Consulting business and private banking / Target AUM of ¥30 billion (FY2030.9 plan) / Revenue and profit targets Not disclosed |
| Non-financial targets | Indicator Number of companies using ZISEDAI LAND / Target 1,000 companies / Timing FY2030.9, Indicator Acquisition staff / Target 230 people / Timing FY2030.9, Indicator Paid leave utilization rate / Target At least 80% / Timing Not disclosed, Indicator Overtime work / Target Less than 10 hours / Timing Not disclosed |
| Plan assumptions | The plan does not incorporate inorganic contributions and is based on organic growth. Numerical assumptions for exchange rates, market growth rates and raw material prices: not disclosed. |
| Key initiatives | Making ZISEDAI the operating system for the industry, High turnover × recurring revenue, Strengthening wealth management |
| Results under the previous plan | 100,000 (FY2027.9, 1st Medium-Term Management Plan) → 101,909 (FY2026.9 actual)（Approximately +1.9%） |
| Reason for revision or withdrawal | After completing 3 fiscal years since the management integration, the company has gained a clear sense of progress in expanding group earnings power through PMI. It achieved the 1st Medium-Term Management Plan’s FY2027.9 sales target of ¥100 billion, 1 fiscal year ahead of schedule. |
| Size of the Target Market | Potential market size of ¥469 trillion (total net financial assets held by affluent and wealthier households). Source: Prepared by the company based on a 2025 news release from Nomura Research Institute. |
| Risks identified | Higher interest expense burden due to rising interest rates, Increased attractiveness of low-risk assets, Widening interest rate differentials between regions, Rising prices and inflation, Narrowing rent gap between newly built and existing properties, Growth in the affluent population and changes in demand for inheritance tax planning, New information management and quality control risks associated with technological innovation and the use of AI, Demographic trends, declining birthrates and population aging, and changes in housing demand, Interest rate trends and market changes, Fluctuations in construction costs, material prices and labor costs, Domestic and international economic conditions and trends in related industries |
| Publication date | 2026.11.10 |
Items this document does not state (6)
ROIC 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.After completing 3 fiscal years since the management integration, the company has gained a clear sense of progress in expanding group earnings power through PMI. It also cited the achievement of the 1st Medium-Term Management Plan’s FY2027.9 sales target of ¥100 billion, 1 fiscal year ahead of schedule.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.