Worth reading
50Recurring
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
200
¥100 millionWording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet SalesFiscal year ended October 2024: ¥4,446 million → Record-high sales
Operating profit marginNot disclosed → 15%〜
Only the target level is shown because the current level for comparison was not provided.ROIC targetNot disclosed → ROIC growthROIC is the percentage of profit generated from money invested in the business, including borrowings.
Investment amount by sectorField AI/DX-related / Investment amount Not disclosed, Field High-yielding real estate / Investment amount Not disclosed, Field Investments in and partnerships with listed companies / Investment amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyStable and continuous dividends, at least 3%. The definition of the 3% metric and the applicable period are not disclosed.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 policyImprove capital efficiency through share buybacks, at least 5%. The timing, acquisition limit and conditions are not disclosed.
Self-assessment of PBR and share priceThe company recognizes that the securities market values it based on the real estate industry. It explained that, after reaching ¥919 in November 2021, the share price has remained low within a range of ¥250–¥400. The PBR is not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Correct excessive reliance on the real estate business
02Diversify the financial business
03Invest in the AI business
04Increase investment in human capital
05Strengthen IR functions
Non-financial targetsIndicator Real estate dependence / Target value 30% / Timing Not disclosed, Indicator Financial business ratio / Target value 70% / Timing Not disclosed, Indicator Formation of a group of AI-related companies, investments and acquisitions / Target value Several companies; acquisitions and capital partnerships under consideration / Timing Q3–Q4 2026, etc., Indicator Number of M&A and partnership companies / Target value 20 or more companies / Timing Not disclosed, Indicator Existing employees targeted for reskilling / Target value 50 or more people / Timing Not disclosed, Indicator Reskilling completion rate / Target value 80% / Timing Not disclosed, Indicator Planned number of external hires / Target value 20 or more people / Timing Not disclosed, Indicator Retention rate of external hires / Target value 90% / Timing Not disclosed, Indicator Development of human resources systems / Target value 100% / Timing Not disclosed, Indicator Number of new systems / Target value 5 systems / Timing Not disclosed, Indicator Number of specialized IR and internal control hires / Target value 3 / Timing Not disclosed, Indicator Frequency of financial results presentations / Target value 4 times/year / Timing Not disclosed, Indicator Frequency of investor meetings / Target value Once a month / Timing Not disclosed, Indicator Efficiency gains through AI utilization / Target value +70% / Timing Not disclosed, Indicator Cost reductions through AI utilization / Target value -30% / Timing Not disclosed
Risks identified by the company
Gains and losses from trading real estate and securities are difficult to forecast
If AI is not incorporated into the business, the company may fall behind in improving business efficiency
Hiring specialized personnel individually is expected to result in high costs
| Item | Details |
|---|---|
| Plan name | MBK Group Medium-Term Vision 2029 |
| Plan period | June 2026–October 2029 (3 years and 5 months) |
| Progress against the plan | Formulated |
| Sales Target | Fiscal year ended October 2024: ¥4,446 million → Record-high sales |
| Operating profit margin target | Not disclosed → 15%〜 |
| ROIC target | Not disclosed → ROIC growth |
| Payout ratio / DOE policy | Stable and continuous dividends, at least 3%. The definition of the 3% metric and the applicable period are not disclosed. |
| Treasury share acquisition policy | Improve capital efficiency through share buybacks, at least 5%. The timing, acquisition limit and conditions are not disclosed. |
| Self-assessment of PBR and share price | The company recognizes that the securities market values it based on the real estate industry. It explained that, after reaching ¥919 in November 2021, the share price has remained low within a range of ¥250–¥400. The PBR is not disclosed. |
| Investment amount by sector | Field AI/DX-related / Investment amount Not disclosed, Field High-yielding real estate / Investment amount Not disclosed, Field Investments in and partnerships with listed companies / Investment amount Not disclosed |
| Non-financial targets | Indicator Real estate dependence / Target value 30% / Timing Not disclosed, Indicator Financial business ratio / Target value 70% / Timing Not disclosed, Indicator Formation of a group of AI-related companies, investments and acquisitions / Target value Several companies; acquisitions and capital partnerships under consideration / Timing Q3–Q4 2026, etc., Indicator Number of M&A and partnership companies / Target value 20 or more companies / Timing Not disclosed, Indicator Existing employees targeted for reskilling / Target value 50 or more people / Timing Not disclosed, Indicator Reskilling completion rate / Target value 80% / Timing Not disclosed, Indicator Planned number of external hires / Target value 20 or more people / Timing Not disclosed, Indicator Retention rate of external hires / Target value 90% / Timing Not disclosed, Indicator Development of human resources systems / Target value 100% / Timing Not disclosed, Indicator Number of new systems / Target value 5 systems / Timing Not disclosed, Indicator Number of specialized IR and internal control hires / Target value 3 / Timing Not disclosed, Indicator Frequency of financial results presentations / Target value 4 times/year / Timing Not disclosed, Indicator Frequency of investor meetings / Target value Once a month / Timing Not disclosed, Indicator Efficiency gains through AI utilization / Target value +70% / Timing Not disclosed, Indicator Cost reductions through AI utilization / Target value -30% / Timing Not disclosed |
| Key initiatives | Correct excessive reliance on the real estate business, Diversify the financial business, Invest in the AI business, Increase investment in human capital, Strengthen IR functions |
| Risks identified | Gains and losses from trading real estate and securities are difficult to forecast, If AI is not incorporated into the business, the company may fall behind in improving business efficiency, Hiring specialized personnel individually is expected to result in high costs |
| Date of board resolution | 15 June 2026 |
| Publication date | 15 June 2026 |
Items this document does not state (10)
Operating profit targetNet income targetROE targetCost of capitalTotal investment planSegment targetPlan assumptionsResults under the previous planReason for revision or withdrawalSize of the Target Market
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.Following extensive discussions by the Board of Directors, the company resolved to achieve further high growth. It aims to transform itself into a high-growth company by correcting its excessive reliance on the real estate business and investing in the financial business, AI and human resources.
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.