Worth reading
62In 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
1221
¥ million (from an operating loss of ¥1,221 million to operating profit of ¥0–200 million)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales-7.5%
基準 8,863Target8,200million
Operating profit+116.4%
基準 -1,221Target200million
Net income for the current fiscal year+103.2%
基準 -1,559Target50million
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 planNet Sales 10,000 / Operating profit -1,200 / Profit attributable to owners of the parent -1,400 → Net Sales 8,863 / Operating profit -1,221 / Profit attributable to owners of the parent -1,559（Net Sales △11% / Operating profit Not disclosed / Profit attributable to owners of the parent Not disclosed）
Total investment planAmount ¥1,000 million / Period Covered Fiscal year ending March 2027. The Company plans to invest ¥1 billion annually in technology investments
Investment amount by sectorField Technology investments / Amount ¥1,000 million, Field 善進 investments / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyThe higher of a 5% DOE or a 50% consolidated dividend payout ratio. The annual dividend forecast for the fiscal year ending March 2027 is ¥22. Period covered: fiscal year ending March 2027The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Generate profits through the sale of securities held
02Focus on investments in AI-related stocks and 善進 investments
03Sell listed shares
04Pursue exits beyond IPOs, including M&A
05Increase the number of students per classroom
06Increase the number of classrooms by opening new locations
07Strengthening the high school student business
08Acquire students at newly opened classrooms
09Acquire new advertising media
10Improve productivity by promoting the use of AI
Non-financial targetsIndicator ㈱ベストコ student enrollment / Target value 9,000 students / Timing Fiscal year ending March 2027, Indicator Number of new ㈱ベストコ classrooms opened / Target value 20–25 classrooms / Timing Fiscal year ending March 2027, Indicator Number of ㈱ベストコ classrooms / Target value 130 classrooms / Timing Fiscal year ending March 2027
Size of the Target MarketMarket Investment in domestic startups / Figures 2025: ¥761.3 billion (2024: ¥882.8 billion, among other figures) / Growth rate Not disclosed / Source ユーザベース, “2025 Japan Startup Finance—Domestic Startup Funding Trends—”, Market Overall cram school and preparatory school market / Figures FY2025: ¥952 billion / Growth rate Expected to remain flat / Source Prepared by the Company based on 矢野経済研究所, “2025 Education Industry White Paper”, Market Individual tutoring school market / Figures FY2025: ¥438 billion / Growth rate Not disclosed / Source Prepared by the Company based on 矢野経済研究所, “2025 Education Industry White Paper”, Market Public tenders / Figures Approximately ¥27 trillion / Growth rate Not disclosed / Source Not disclosed
Risks identified by the company
Actual performance and results may differ materially due to changes in various factors
Performance may fluctuate significantly depending on the timing and scale of sales of securities held
Investment amounts may be volatile in the short term
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Plan period | Fiscal year ending March 2027 |
| Progress against the plan | Annual update |
| Sales Target | ¥8,863 million → 7,800~8,200（△7%～△12%） |
| Operating profit target | ¥-1,221 million → 0~200（Return to profitability） |
| Net income target | ¥-1,559 million → 0~50（Return to profitability） |
| Payout ratio / DOE policy | The higher of a 5% DOE or a 50% consolidated dividend payout ratio. The annual dividend forecast for the fiscal year ending March 2027 is ¥22. Period covered: fiscal year ending March 2027 |
| Total investment plan | Amount ¥1,000 million / Period Covered Fiscal year ending March 2027. The Company plans to invest ¥1 billion annually in technology investments |
| Investment amount by sector | Field Technology investments / Amount ¥1,000 million, Field 善進 investments / Amount Not disclosed |
| Non-financial targets | Indicator ㈱ベストコ student enrollment / Target value 9,000 students / Timing Fiscal year ending March 2027, Indicator Number of new ㈱ベストコ classrooms opened / Target value 20–25 classrooms / Timing Fiscal year ending March 2027, Indicator Number of ㈱ベストコ classrooms / Target value 130 classrooms / Timing Fiscal year ending March 2027 |
| Key initiatives | Generate profits through the sale of securities held, Focus on investments in AI-related stocks and 善進 investments, Sell listed shares, Pursue exits beyond IPOs, including M&A, Increase the number of students per classroom, Increase the number of classrooms by opening new locations, Strengthening the high school student business, Acquire students at newly opened classrooms, Acquire new advertising media, Improve productivity by promoting the use of AI |
| Results under the previous plan | Net Sales 10,000 / Operating profit -1,200 / Profit attributable to owners of the parent -1,400 → Net Sales 8,863 / Operating profit -1,221 / Profit attributable to owners of the parent -1,559（Net Sales △11% / Operating profit Not disclosed / Profit attributable to owners of the parent Not disclosed） |
| Size of the Target Market | Market Investment in domestic startups / Figures 2025: ¥761.3 billion (2024: ¥882.8 billion, among other figures) / Growth rate Not disclosed / Source ユーザベース, “2025 Japan Startup Finance—Domestic Startup Funding Trends—”, Market Overall cram school and preparatory school market / Figures FY2025: ¥952 billion / Growth rate Expected to remain flat / Source Prepared by the Company based on 矢野経済研究所, “2025 Education Industry White Paper”, Market Individual tutoring school market / Figures FY2025: ¥438 billion / Growth rate Not disclosed / Source Prepared by the Company based on 矢野経済研究所, “2025 Education Industry White Paper”, Market Public tenders / Figures Approximately ¥27 trillion / Growth rate Not disclosed / Source Not disclosed |
| Risks identified | Actual performance and results may differ materially due to changes in various factors, Performance may fluctuate significantly depending on the timing and scale of sales of securities held, Investment amounts may be volatile in the short term |
| Publication date | 11 May 2026 |
Items this document does not state (10)
Operating profit margin targetROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceSegment targetPlan assumptionsReason for revision or withdrawalDate 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.Net sales are expected to decline year on year due to ㈱ブリューアス' withdrawal from the IT education business and the removal of フォッグ㈱ from the scope of consolidation. At the same time, the Company plans to return to profitability through growth in net sales excluding these effects, sales of securities held by the investment business, growth in the number of students and classrooms at ベストコ, and expansion of clients in the ad tech business.
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.