Komori
Management planning278ATerra Drone CorporationElectrical Equipment and Precision Instruments

Business Plan and Growth Potential

For FY 1/27, the company revised its policy to prioritize growth and investment over the previous balance between revenue and profit, allocating ¥600 million to non-linear growth investments. The medium- to long-term growth outlook and business portfolio strategy disclosed last year will be reconsidered in light of changes in the market environment and explained again at a later date.

Worth reading
82Important
Scored from 4 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
600
¥ million
Wording
Avoiding a definitive answer
How definitive the wording is.

Items stated in the management plan

Partially revised
Business Plan and Growth PotentialPlan period Short term (up to 3 years), medium to long term (up to 10 years)
Publication date 30 April 2026
Net Sales+6.1%
基準 4,782Target5,073million
Operating profit+45.1%
基準 1,143Target1,658million
Net income for the current fiscal year-49.3%
基準 2,497Target1,266million

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 planInitial FY 1/26 assumptions (no company-wide figures provided) → FY 1/26 actual: revenue of ¥4,782 million, operating loss of ¥1,143 million, and net loss attributable to owners of the parent of ¥2,497 million+18,292.3%Calculated from the two disclosed figures
Total investment plan¥600 million (non-linear growth investments in FY 1/27). In addition, the total revised plan for allocating funds raised at the time of listing from FY 1/27 onward is ¥981 million.
Investment amount by sectorField Entry into new areas / Amount ¥425 million / Subject FY 1/27, Field Investment in Human Resources / Amount ¥175 million / Subject FY 1/27, Field M&A funds / Amount ¥478 million / Subject From FY 1/27 onward (revised plan), Field Loans and investments to support subsidiary growth / Amount ¥253 million / Subject From FY 1/27 onward (revised plan), Field System building / Amount ¥250 million / Subject From FY 1/27 onward (revised plan)
Key initiatives
01Prioritize growth and investment
02① Enter new areas
03② Invest in human resources
04Establish a global No. 1 position
05Establish the de facto standard in each region
06Expand into new areas
07Expand applications
08Expand geographically
09Reconsider the company-wide strategy and optimize resource allocation
Plan assumptionsThe FY 1/27 earnings forecast does not incorporate highly uncertain items as of the announcement date, including revenue from new businesses such as defense and upside potential from existing businesses., The drone solutions market is forecast to grow at a compound annual growth rate of +31% from 2025 to 2033., The UTM market is forecast to grow at a compound annual growth rate of +25% from 2025 to 2033.
Segment targetSegment Drone Solutions / Net Sales ¥4,130 million / Operating profit –¥1,111 million / Comparison FY 1/26 actual: revenue of ¥4,162 million and operating loss of ¥434 million, Segment Operations management / Net Sales ¥943 million / Operating profit –¥547 million / Adjusted operating profit –¥484 million / Comparison FY 1/26 actual: revenue of ¥619 million, operating loss of ¥709 million and adjusted operating loss of ¥532 million
Size of the Target MarketDrone Solutions 2025F: US$28 billion; 2033F: US$240 billion; compound annual growth rate: +31% / UTM 2025F: US$1,024 million; 2033F: US$6,082 million; compound annual growth rate: +25% / Source Arthur D. Little Japan's UTM (drone traffic management system) Global Market Research Project Deliverables (Final Report) (2024), commissioned and conducted for a fee at the request of SMBC Nikko Securities Inc.
Risks identified by the company
Significant exposure to regulatory and geopolitical risks
Daily changes in the competitive environment and market conditions
Dispersed markets and customers across business areas and regions
Revenue from new businesses and upside potential from existing businesses, both of which were highly uncertain as of the announcement date
Impact of the fire accident in Indonesia
Reason for revision or withdrawal

To capture the enormous business opportunities currently before the company and achieve its goal of becoming the future global No. 1. The company will prioritize business speed in order to expand its market share and establish competitive and first-mover advantages. The company recognizes that its business portfolio strategy and future growth outlook disclosed last year need to be updated to reflect the recent rapid changes in the market environment.

Items stated in the management plan
ItemDetails
Plan nameBusiness Plan and Growth Potential
Plan periodShort term (up to 3 years), medium to long term (up to 10 years)
Progress against the planPartially revised
Sales TargetFY 1/26 actual (A): ¥4,782 million → FY 1/27 forecast (B): ¥5,073 million（+6%）
Operating profit targetFY 1/26 actual (A): –¥1,143 million → FY 1/27 forecast (B): –¥1,658 million
Net income targetFY 1/26 actual (A): –¥2,497 million → FY 1/27 forecast (B): –¥1,266 million
Total investment plan¥600 million (non-linear growth investments in FY 1/27). In addition, the total revised plan for allocating funds raised at the time of listing from FY 1/27 onward is ¥981 million.
Investment amount by sectorField Entry into new areas / Amount ¥425 million / Subject FY 1/27, Field Investment in Human Resources / Amount ¥175 million / Subject FY 1/27, Field M&A funds / Amount ¥478 million / Subject From FY 1/27 onward (revised plan), Field Loans and investments to support subsidiary growth / Amount ¥253 million / Subject From FY 1/27 onward (revised plan), Field System building / Amount ¥250 million / Subject From FY 1/27 onward (revised plan)
Segment targetSegment Drone Solutions / Net Sales ¥4,130 million / Operating profit –¥1,111 million / Comparison FY 1/26 actual: revenue of ¥4,162 million and operating loss of ¥434 million, Segment Operations management / Net Sales ¥943 million / Operating profit –¥547 million / Adjusted operating profit –¥484 million / Comparison FY 1/26 actual: revenue of ¥619 million, operating loss of ¥709 million and adjusted operating loss of ¥532 million
Plan assumptionsThe FY 1/27 earnings forecast does not incorporate highly uncertain items as of the announcement date, including revenue from new businesses such as defense and upside potential from existing businesses., The drone solutions market is forecast to grow at a compound annual growth rate of +31% from 2025 to 2033., The UTM market is forecast to grow at a compound annual growth rate of +25% from 2025 to 2033.
Key initiativesPrioritize growth and investment, ① Enter new areas, ② Invest in human resources, Establish a global No. 1 position, Establish the de facto standard in each region, Expand into new areas, Expand applications, Expand geographically, Reconsider the company-wide strategy and optimize resource allocation
Results under the previous planInitial FY 1/26 assumptions (no company-wide figures provided) → FY 1/26 actual: revenue of ¥4,782 million, operating loss of ¥1,143 million, and net loss attributable to owners of the parent of ¥2,497 million
Reason for revision or withdrawalTo capture the enormous business opportunities currently before the company and achieve its goal of becoming the future global No. 1. The company will prioritize business speed in order to expand its market share and establish competitive and first-mover advantages. The company recognizes that its business portfolio strategy and future growth outlook disclosed last year need to be updated to reflect the recent rapid changes in the market environment.
Size of the Target MarketDrone Solutions 2025F: US$28 billion; 2033F: US$240 billion; compound annual growth rate: +31% / UTM 2025F: US$1,024 million; 2033F: US$6,082 million; compound annual growth rate: +25% / Source Arthur D. Little Japan's UTM (drone traffic management system) Global Market Research Project Deliverables (Final Report) (2024), commissioned and conducted for a fee at the request of SMBC Nikko Securities Inc.
Risks identifiedSignificant exposure to regulatory and geopolitical risks, Daily changes in the competitive environment and market conditions, Dispersed markets and customers across business areas and regions, Revenue from new businesses and upside potential from existing businesses, both of which were highly uncertain as of the announcement date, Impact of the fire accident in Indonesia
Publication date30 April 2026
Items this document does not state (9)
Operating profit margin targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceNon-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 capture the enormous business opportunities currently before the company and achieve its goal of becoming the future global No. 1. The company will prioritize business speed in order to expand its market share and establish competitive and first-mover advantages.

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.
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