Worth reading
64In 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
9000
¥100 million or moreWording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.2%
基準 2,026Target2,030hundred million
Operating profit+0.2%
基準 2,026Target2,030hundred million
Operating profit margin+4.0pt
基準 2,026Target2,030％
ROE+4.0pt
基準 2,026Target2,030％
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.
What happened to the previous planConsolidated revenue ¥630 billion / Consolidated operating profit ¥47.0 billion / Operating margin 7.5％ / ROE At least 9.0% / EPS ¥140 or more → Consolidated revenue ¥787.7 billion / Consolidated operating profit ¥52.0 billion / Operating margin 6.6％ / ROE 9.4％ / EPS ¥151
Total investment planApproximately ¥300 billion (cumulative over 5 years)
Investment amount by sectorField Business growth and expansion investments / Amount Approximately ¥100 billion, Field Human capital investment / Amount Approximately ¥50 billion, Field IT and digital-transformation investment / Amount Approximately ¥70 billion, Field R&D investment / Amount Approximately ¥20 billion, Field Office Locations / Amount Approximately ¥60 billion
Statements about the use of capital
Payout ratio / DOE policyContinue progressive dividends with a total payout ratio of approximately 60% as a guideline (2026–2030 plan period)The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyThe company plans to repurchase treasury shares. The repurchase amount, timing and terms are not disclosed.
Key initiatives
01Strengthen and thoroughly implement a customer-oriented approach
02Pursue advanced technologies
03Practice of People-Centered Management
04Expansion of human capital management
05Strengthening Collaboration with Partner Companies
06Practice AI- and data-driven management
07Further integrate group-wide management
08Contribute to the environment and a circular society
09Improve safety and quality
10Maximize profits through group-wide cost efficiency
11Improve construction capabilities and secure personnel in line with the business trends of each telecommunications carrier
12Keep pace with advanced technologies such as IOWN, 6G and satellite communications
13Develop human resources and shift resources to expand into new areas
14Expand the data center business and strengthen the electrical equipment business by enhancing the group's integrated total support capabilities
15Expand the scope of solutions provided and increase their added value
16Shift human resources and skill sets
17Drive fundamental productivity improvements
18Create synergies among group companies
19Continue investing in growth businesses and stabilize earnings
20Strengthen the operational management of overseas operating companies
21Lead group-wide market-in businesses through the centralized marketing function
22Accelerate market-in business development by establishing a marketing strategy function
23Cross-sell and upsell high-value-added services based on an integrated account strategy
24Strengthen capabilities through M&A
25Invest in next-generation and advanced technologies
Plan assumptionsInflation and interest rates shift to an upward trend, Continued global warming and more frequent and severe natural disasters, Declining birthrate, aging population and labor shortages in Japan, Technological change driven by generative AI and quantum computing, among other technologies
Segment targetSegment Telecommunications Infrastructure / Net Sales ¥270.0 billion / Profit ¥27 billion (10.0%) / Timing FY2030, Segment Social Infrastructure / Net Sales ¥330 billion / Profit ¥25 billion (7.6%) / Timing FY2030, Segment System Solutions / Net Sales ¥290.0 billion / Profit ¥25 billion (8.6%) / Timing FY2030
Non-financial targetsIndicator name Development of transformation leaders / Target value 780 people / Timing FY2030, Indicator name Percentage of men taking parental leave / Target value 85％ / Timing FY2030, Indicator name Employee satisfaction survey / Target value At least 80% / Timing FY2030, Indicator name Data utilization platform coverage / Target value 100％ / Timing FY2030, Indicator name CO₂ emissions reduction rate / Target value ▲43.9％ / Timing FY2030, Indicator name CDP rating / Target value A List company / Timing FY2030, Indicator name Serious accidents / Target value 0 / Timing FY2030, Indicator name Productivity Improvement / Target value At least 5% / Timing Plan period (fiscal year not specified), Indicator name Strengthening recruitment of new graduates and experienced hires / Target value 40 people/year / Timing Plan period (fiscal year not specified), Indicator name R&D investment as a percentage of net sales / Target value Increase to 2 times / Timing Plan period (fiscal year not specified)
Size of the Target MarketThe company states that the market is expected to expand, but the market size, growth rate and source are not disclosed.
Risks identified by the company
Increasing natural disasters caused by climate change and aging social infrastructure
Rising geopolitical risks
Growing importance of economic security
An aging workforce and personnel shortages
Declining birthrate, an aging population and labor shortages due to demographic changes
Technology-driven disruption
Changes in the economic and financial environment (inflation and interest rates shift to an upward trend)
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan (2026–2030) |
| Plan period | 2026～2030 |
| Progress against the plan | Formulated |
| Sales Target | Fiscal 2025 actual: ¥787.7 billion / Fiscal 2026 plan: ¥750.0 billion → Fiscal 2030 target: ¥900.0 billion or more |
| Operating profit target | Fiscal 2025 actual: ¥52.0 billion / Fiscal 2026 plan: ¥56.0 billion → Fiscal 2030 target: ¥77.0 billion |
| Operating profit margin target | Fiscal 2025 actual: 6.6% / Fiscal 2026 plan: 7.5% → Fiscal 2030 target: 8.5% |
| ROE target | Fiscal 2025 actual: 9.4% / Fiscal 2026 plan: 10.1% → Fiscal 2030 target: 12.0% |
| Payout ratio / DOE policy | Continue progressive dividends with a total payout ratio of approximately 60% as a guideline (2026–2030 plan period) |
| Treasury share acquisition policy | The company plans to repurchase treasury shares. The repurchase amount, timing and terms are not disclosed. |
| Total investment plan | Approximately ¥300 billion (cumulative over 5 years) |
| Investment amount by sector | Field Business growth and expansion investments / Amount Approximately ¥100 billion, Field Human capital investment / Amount Approximately ¥50 billion, Field IT and digital-transformation investment / Amount Approximately ¥70 billion, Field R&D investment / Amount Approximately ¥20 billion, Field Office Locations / Amount Approximately ¥60 billion |
| Segment target | Segment Telecommunications Infrastructure / Net Sales ¥270.0 billion / Profit ¥27 billion (10.0%) / Timing FY2030, Segment Social Infrastructure / Net Sales ¥330 billion / Profit ¥25 billion (7.6%) / Timing FY2030, Segment System Solutions / Net Sales ¥290.0 billion / Profit ¥25 billion (8.6%) / Timing FY2030 |
| Non-financial targets | Indicator name Development of transformation leaders / Target value 780 people / Timing FY2030, Indicator name Percentage of men taking parental leave / Target value 85％ / Timing FY2030, Indicator name Employee satisfaction survey / Target value At least 80% / Timing FY2030, Indicator name Data utilization platform coverage / Target value 100％ / Timing FY2030, Indicator name CO₂ emissions reduction rate / Target value ▲43.9％ / Timing FY2030, Indicator name CDP rating / Target value A List company / Timing FY2030, Indicator name Serious accidents / Target value 0 / Timing FY2030, Indicator name Productivity Improvement / Target value At least 5% / Timing Plan period (fiscal year not specified), Indicator name Strengthening recruitment of new graduates and experienced hires / Target value 40 people/year / Timing Plan period (fiscal year not specified), Indicator name R&D investment as a percentage of net sales / Target value Increase to 2 times / Timing Plan period (fiscal year not specified) |
| Plan assumptions | Inflation and interest rates shift to an upward trend, Continued global warming and more frequent and severe natural disasters, Declining birthrate, aging population and labor shortages in Japan, Technological change driven by generative AI and quantum computing, among other technologies |
| Key initiatives | Strengthen and thoroughly implement a customer-oriented approach, Pursue advanced technologies, Practice of People-Centered Management, Expansion of human capital management, Strengthening Collaboration with Partner Companies, Practice AI- and data-driven management, Further integrate group-wide management, Contribute to the environment and a circular society, Improve safety and quality, Maximize profits through group-wide cost efficiency, Improve construction capabilities and secure personnel in line with the business trends of each telecommunications carrier, Keep pace with advanced technologies such as IOWN, 6G and satellite communications, Develop human resources and shift resources to expand into new areas, Expand the data center business and strengthen the electrical equipment business by enhancing the group's integrated total support capabilities, Expand the scope of solutions provided and increase their added value, Shift human resources and skill sets, Drive fundamental productivity improvements, Create synergies among group companies, Continue investing in growth businesses and stabilize earnings, Strengthen the operational management of overseas operating companies, Lead group-wide market-in businesses through the centralized marketing function, Accelerate market-in business development by establishing a marketing strategy function, Cross-sell and upsell high-value-added services based on an integrated account strategy, Strengthen capabilities through M&A, Invest in next-generation and advanced technologies |
| Results under the previous plan | Consolidated revenue ¥630 billion / Consolidated operating profit ¥47.0 billion / Operating margin 7.5％ / ROE At least 9.0% / EPS ¥140 or more → Consolidated revenue ¥787.7 billion / Consolidated operating profit ¥52.0 billion / Operating margin 6.6％ / ROE 9.4％ / EPS ¥151 |
| Size of the Target Market | The company states that the market is expected to expand, but the market size, growth rate and source are not disclosed. |
| Risks identified | Increasing natural disasters caused by climate change and aging social infrastructure, Rising geopolitical risks, Growing importance of economic security, An aging workforce and personnel shortages, Declining birthrate, an aging population and labor shortages due to demographic changes, Technology-driven disruption, Changes in the economic and financial environment (inflation and interest rates shift to an upward trend) |
| Date of board resolution | 13 May 2026 |
| Publication date | 13 May 2026 |
Items this document does not state (5)
Net income targetROIC targetCost of capitalSelf-assessment of PBR and share priceReason for revision or withdrawal
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.To achieve the 2030 Vision, the company will work to improve the operating margin, which was an issue under the previous plan, enhance the profitability of low-margin businesses and global operations, address the shortage of personnel, and realize group synergies. It will also strengthen its ability to respond to changes in the external environment, including climate change, geopolitical risks, demographic trends and generative AI.
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