Worth reading
59In 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
47613
¥ million (lower end of the FY27/4 revenue forecast range)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+25.7%
基準 38,835Target48,823million
Operating profit+33.6%
基準 7,295Target9,746million
Operating profit margin+1.2pt
基準 18.8Target20％
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.
Net income for the current fiscal yearNot disclosed → 6,002～6,927（＋15.8％～＋33.6％）
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planRevenue of ¥20,503–20,913 million, operating profit of ¥3,746–4,137 million, operating margin of 18.3–19.8%, and net income attributable to owners of the parent of ¥2,754–3,021 million → Actual results: revenue of ¥21,006 million, operating profit of ¥3,812 million, operating margin of 18.1%, and net income attributable to owners of the parent of ¥2,439 million（Revenue +27.6%, operating profit +16.8%, net income –4.9%）+0.4%Calculated from the two disclosed figures
Investment amount by sectorField Growth investments (M&A, equity investments, etc.) / Amount Approximately several hundred million to several billion yen per transaction
Statements about the use of capital
Payout ratio / DOE policyIn principle, on an annual basis, the company will consider returning capital to shareholders from cash remaining after growth investments, taking into account financial soundness and cash and deposits on hand.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 currently favors share buybacks to enable flexible implementation.
Key initiatives
01Logistics
02Retail and food services
03Nursing care and welfare services
04Further evolution of solutions
05Development of a long-term part-time hiring support plan
06Progress in new businesses: stage-gate system
07Progress in new businesses: fintech
08Capital allocation
Plan assumptionsThe company positions the year through FY26/4 and the first half of FY27/4 as a preparation phase for accelerating growth and will actively make strategic investments., Active strategic investments will be made through the first half of FY27/4., The base-case scenario assumes that growth in logistics and retail will remain stable without a significant decline, nursing care and welfare services will maintain high growth or accelerate in the second half, and food services will improve gradually., The bearish scenario takes into account the impact of the situation in the Middle East, weak consumer sentiment, and supply constraints.
Segment targetSegment Spot work / Net Sales ¥44,429–45,639 million / Operating profit ¥10,675–11,600 million, Segment Other than spot work / Net Sales ¥3,305 million / Operating profit –¥1,803 million, Segment Timee Career Plus (full-time career placement service) / Net Sales ¥603 million / Operating profit Not disclosed, Segment Timee Solutions / Net Sales ¥2,310 million / Operating profit Not disclosed
Size of the Target MarketSpot work market: ¥52.6 billion in FY2025 and ¥118.0 billion in FY2030 (CAGR of 18%). Temporary staffing: ¥940.8 billion; job advertising: ¥215.0 billion; recruitment services: ¥844.2 billion. Sources: Yano Research Institute, “Current Status and Outlook of the Spot Work Intermediary Services Market” and “Current Status and Outlook of the Human Resources Business,” and statistics from the Ministry of Health, Labour and Welfare, the Ministry of Internal Affairs and Communications, and the National Tax Agency, among others.
Risks identified by the company
Changes in the competitive environment due to an increase in new market entrants
Need for measures against unauthorized use
Impact of the situation in the Middle East
Decline in logistics volumes due to weak consumer sentiment
Decline in the number of available positions due to supply constraints
Possibility that the estimated market size differs from the actual market size
Reason for revision or withdrawal
The core business remained strong, as it had in the first quarter, but net income came in below the forecast range due to an impairment loss of ¥350 million on Needer, a South Korean company in which the company invested last year.
| Item | Details |
|---|---|
| Plan name | Medium- and Long-Term Growth Strategy |
| Plan period | FY20～FY30 |
| Progress against the plan | Annual update |
| Sales Target | ¥38,835 million → 47,613～48,823（＋22.6％～＋25.7％） |
| Operating profit target | ¥7,295 million → 8,821～9,746（＋20.9％～＋33.6％） |
| Operating profit margin target | 18.8％ → 18.5％～20.0％（▲0.2pt～＋1.1pt） |
| Net income target | Not disclosed → 6,002～6,927（＋15.8％～＋33.6％） |
| Payout ratio / DOE policy | In principle, on an annual basis, the company will consider returning capital to shareholders from cash remaining after growth investments, taking into account financial soundness and cash and deposits on hand. |
| Treasury share acquisition policy | The company currently favors share buybacks to enable flexible implementation. |
| Investment amount by sector | Field Growth investments (M&A, equity investments, etc.) / Amount Approximately several hundred million to several billion yen per transaction |
| Segment target | Segment Spot work / Net Sales ¥44,429–45,639 million / Operating profit ¥10,675–11,600 million, Segment Other than spot work / Net Sales ¥3,305 million / Operating profit –¥1,803 million, Segment Timee Career Plus (full-time career placement service) / Net Sales ¥603 million / Operating profit Not disclosed, Segment Timee Solutions / Net Sales ¥2,310 million / Operating profit Not disclosed |
| Plan assumptions | The company positions the year through FY26/4 and the first half of FY27/4 as a preparation phase for accelerating growth and will actively make strategic investments., Active strategic investments will be made through the first half of FY27/4., The base-case scenario assumes that growth in logistics and retail will remain stable without a significant decline, nursing care and welfare services will maintain high growth or accelerate in the second half, and food services will improve gradually., The bearish scenario takes into account the impact of the situation in the Middle East, weak consumer sentiment, and supply constraints. |
| Key initiatives | Logistics, Retail and food services, Nursing care and welfare services, Further evolution of solutions, Development of a long-term part-time hiring support plan, Progress in new businesses: stage-gate system, Progress in new businesses: fintech, Capital allocation |
| Results under the previous plan | Revenue of ¥20,503–20,913 million, operating profit of ¥3,746–4,137 million, operating margin of 18.3–19.8%, and net income attributable to owners of the parent of ¥2,754–3,021 million → Actual results: revenue of ¥21,006 million, operating profit of ¥3,812 million, operating margin of 18.1%, and net income attributable to owners of the parent of ¥2,439 million（Revenue +27.6%, operating profit +16.8%, net income –4.9%） |
| Reason for revision or withdrawal | The core business remained strong, as it had in the first quarter, but net income came in below the forecast range due to an impairment loss of ¥350 million on Needer, a South Korean company in which the company invested last year. |
| Size of the Target Market | Spot work market: ¥52.6 billion in FY2025 and ¥118.0 billion in FY2030 (CAGR of 18%). Temporary staffing: ¥940.8 billion; job advertising: ¥215.0 billion; recruitment services: ¥844.2 billion. Sources: Yano Research Institute, “Current Status and Outlook of the Spot Work Intermediary Services Market” and “Current Status and Outlook of the Human Resources Business,” and statistics from the Ministry of Health, Labour and Welfare, the Ministry of Internal Affairs and Communications, and the National Tax Agency, among others. |
| Risks identified | Changes in the competitive environment due to an increase in new market entrants, Need for measures against unauthorized use, Impact of the situation in the Middle East, Decline in logistics volumes due to weak consumer sentiment, Decline in the number of available positions due to supply constraints, Possibility that the estimated market size differs from the actual market size |
| Publication date | 11 June 2026 |
Items this document does not state (7)
ROE targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planNon-financial targetsDate 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.To further develop the spot work market against a backdrop of severe labor shortages and evolve into infrastructure for work. In light of spot work having grown into a business capable of generating stable cash flow, the company plans to pursue discontinuous growth through strategic investments in logistics and nursing care and welfare services, new businesses, and M&A.
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.