Items stated in the management plan
WithdrawnThe CPA solutions business is currently taking a certain amount of time to respond to changes in its business structure resulting from changes in search platforms and other factors, while the strategic businesses are taking longer than initially planned to build a recurring revenue base. It is difficult at this time to reasonably estimate the likelihood of achieving the numerical targets for the fiscal year ending December 2027, and the Company determined that continuing to disclose a medium-term management plan containing targets not supported by actual conditions would not contribute to investors' appropriate investment decisions.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan (fiscal years ending December 2025 through December 2027) |
| Plan period | Fiscal year ending December 2025 to fiscal year ending December 2027 |
| Progress against the plan | Withdrawn |
| Operating profit target | ¥3 billion → Not disclosed |
| ROE target | At least 10.0% → Not disclosed |
| Payout ratio / DOE policy | The policy is to use a DOE of approximately 8% as the basis for dividends through the fiscal year ending December 2027. The applicable period is through the fiscal year ending December 2027. |
| Treasury share acquisition policy | The policy of considering flexible share repurchases will continue. The repurchase limit, timing and conditions are not disclosed. |
| Plan assumptions | The plan was formulated on the assumption of a stable earnings base from the CPA solutions business, while incorporating growth in the strategic businesses. Other numerical assumptions are not disclosed. |
| Key initiatives | Investment in new customer acquisition channels, Transition to solution-based sales, Building a Stock-Based Earnings Platform |
| Results under the previous plan | Consolidated operating profit of ¥3 billion and ROE of 10.0% or more → Not disclosed |
| Reason for revision or withdrawal | The CPA solutions business is currently taking a certain amount of time to respond to changes in its business structure resulting from changes in search platforms and other factors, while the strategic businesses are taking longer than initially planned to build a recurring revenue base. It is difficult at this time to reasonably estimate the likelihood of achieving the numerical targets for the fiscal year ending December 2027, and the Company determined that continuing to disclose a medium-term management plan containing targets not supported by actual conditions would not contribute to investors' appropriate investment decisions. |
| Risks identified | Changes in the business structure resulting from changes in search platforms and other factors, The time required for investment in new customer acquisition channels and the transition to solution-based sales, The time required to build a recurring revenue base exceeds the initial plan, resulting in delays against the plan, The likelihood of achieving the numerical targets for the fiscal year ending December 2027 cannot be reasonably estimated |
| Date of board resolution | 10 August 2026 |
| Publication date | 10 August 2026 |
Items this document does not state (11)
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.The CPA solutions business requires a certain amount of time to respond to changes in its business structure resulting from changes in search platforms and other factors, while the strategic businesses are taking longer than initially planned to build a recurring revenue base. As a result, it has become difficult to reasonably estimate the likelihood of achieving the numerical targets for the fiscal year ending December 2027 at this time. The Company determined that continuing to disclose a plan containing targets not supported by actual conditions would not contribute to investors' appropriate investment decisions.