Worth reading
57In 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
708
¥ millions (revenue forecast for the fiscal year ending April 2027)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+93.4%
基準 366Target708million
Operating profit+161.4%
基準 -171Target105million
Net income for the current fiscal year+146.4%
基準 -179Target83million
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.
What happened to the previous planNot disclosed → ¥366 million
Statements about the use of capital
Self-assessment of PBR and share priceAs of 30 April 2026, the market capitalization of tradable shares did not meet the ¥500 million minimum required to maintain listing.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Restoring trust and strengthening governance
02Redefining core services and expanding the customer base
03Transforming the revenue model
04Scaling strategy
05Strengthening frontline capabilities
Size of the Target MarketEducation industry market: approximately ¥2.872 trillion (FY2025 forecast, Yano Research Institute, Education Industry White Paper 2025); cram school and preparatory school market: approximately ¥952 billion (FY2025 forecast, same source); e-learning and digital education market: approximately ¥384.9 billion (FY2025 forecast, Yano Research Institute, 2025 E-Learning and Digital Education Business Report)
Risks identified by the company
Seasonality of business performance
Risks associated with the shareholding ratio of venture capital firms and other investors
Impact of revenue recognition being shifted between fiscal periods on business performance
System failures
Acquisition of new customers
Dependence on specific services
Retention rates and higher spending per customer among existing customers
Content development
Large-scale natural disasters and infectious diseases
Material events or similar matters related to the going concern assumption
Risks relating to maintaining listing on the Growth Market of the Tokyo Stock Exchange
Reason for revision or withdrawal
The loss of a major order for 学びエイド for Enterprise at the end of the previous fiscal year required more time than expected to rebuild order acquisition activities. The Company also aims to increase the proportion of recurring revenue in order to establish a stable earnings base less susceptible to fluctuations in individual projects.
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Plan period | Fiscal year ending April 2027 (plan) to fiscal year ending April 2030 (target state) |
| Progress against the plan | Annual update |
| Sales Target | ¥366 million → ¥708 million（193.5%） |
| Operating profit target | ¥-171 million → ¥105 million |
| Net income target | ¥-179 million → ¥83 million |
| Self-assessment of PBR and share price | As of 30 April 2026, the market capitalization of tradable shares did not meet the ¥500 million minimum required to maintain listing. |
| Key initiatives | Restoring trust and strengthening governance, Redefining core services and expanding the customer base, Transforming the revenue model, Scaling strategy, Strengthening frontline capabilities |
| Results under the previous plan | Not disclosed → ¥366 million |
| Reason for revision or withdrawal | The loss of a major order for 学びエイド for Enterprise at the end of the previous fiscal year required more time than expected to rebuild order acquisition activities. The Company also aims to increase the proportion of recurring revenue in order to establish a stable earnings base less susceptible to fluctuations in individual projects. |
| Size of the Target Market | Education industry market: approximately ¥2.872 trillion (FY2025 forecast, Yano Research Institute, Education Industry White Paper 2025); cram school and preparatory school market: approximately ¥952 billion (FY2025 forecast, same source); e-learning and digital education market: approximately ¥384.9 billion (FY2025 forecast, Yano Research Institute, 2025 E-Learning and Digital Education Business Report) |
| Risks identified | Seasonality of business performance, Risks associated with the shareholding ratio of venture capital firms and other investors, Impact of revenue recognition being shifted between fiscal periods on business performance, System failures, Acquisition of new customers, Dependence on specific services, Retention rates and higher spending per customer among existing customers, Content development, Large-scale natural disasters and infectious diseases, Material events or similar matters related to the going concern assumption, Risks relating to maintaining listing on the Growth Market of the Tokyo Stock Exchange |
| Publication date | 29 July 2026 |
Items this document does not state (12)
Operating profit margin targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsDate 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.For the fiscal year ending April 2026, the Company attributed the downward revision to the loss of a major order for 学びエイド for Enterprise at the end of the previous fiscal year and the longer-than-expected time required to rebuild its order acquisition activities. Going forward, it plans to collaborate with NOVA Holdings, roll out existing content across the group, and increase the proportion of recurring revenue in order to establish a stable earnings base less susceptible to fluctuations in individual projects.
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.