Worth reading
70In focus
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
135
¥100 million (FY2028 target for net income attributable to owners of the parent)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet income for the current fiscal year+0.1%
基準 2,025Target2,028Hundreds of millions of yen
ROE+3.0pt
基準 2,025Target2,028%
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 Sales¥244.8 billion (FY2025 actual) → Not disclosed
Operating profit¥18.7 billion (FY2025 actual) → Not disclosed
ROIC8.9 (FY2025 actual) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planFY2025 medium-term plan targets: revenue ¥260.0 billion, operating profit ¥17.5 billion, ordinary profit ¥17.5 billion, net income attributable to owners of the parent ¥10.0 billion, operating cash flow ¥24.4 billion, 3.57 million customers, ROE 10.8%, ROIC 8.7% → FY2025 actual: revenue ¥244.8 billion, operating profit ¥18.7 billion, ordinary profit ¥19.2 billion, net income attributable to owners of the parent ¥10.7 billion, operating cash flow ¥27.2 billion, 3.47 million customers, ROE 11.0%, ROIC 8.9%0.0%Calculated from the two disclosed figures
Investment amount by sectorField Maintaining and strengthening the earnings base / Amount Approximately ¥55 billion, Field M&A / alliances / Amount Approximately ¥20.0 billion, Field Energy Business / Amount Approximately ¥15 billion, Field Information and communications / CATV business / Amount Approximately ¥5.0 billion
Statements about the use of capital
Payout ratio / DOE policyDuring the medium-term plan period from FY2026 through FY2028, the basic policy is to maintain a payout ratio of at least 45%, with a target total payout ratio of approximately 70%. DOE: 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 policyThe company will repurchase at least ¥10 billion of its own shares during FY2026 through FY2028. It will pursue flexible share repurchases while monitoring M&A opportunities for growth.
Self-assessment of PBR and share priceWith a focus on improving PBR, the company has identified reducing the risk associated with the cost of shareholders' equity, increasing the future growth rate, and improving business profit and ROE as factors affecting PBR. A numerical assessment of the current PBR or share price level is not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Three pillars of the Triple Accel strategy
02Business portfolio policy
03Core of Group growth (three growth segments)
04Balance sheet management policy for improving capital efficiency
05Capital allocation
06Sustainability strategy: four pillars
07Overall GX roadmap
08Human capital and talent development policy
09DX strategy and initiatives
Plan assumptionsItem Domestic public cloud market size / Assumptions ¥3,444.4 billion in FY2025, ¥6,251.5 billion in FY2030, average annual growth rate of 10% / Source Fuji Chimera Research Institute, "2025 Current Status and Future Prospects of Cloud Computing: Market Edition", Item Number of LP gas distributors / Assumptions 19,514 distributors nationwide, including 15,181 for the company / Source Ministry of Economy, Trade and Industry, "Number of Distributors and Safety Organizations Nationwide, etc.", Item Carbon Neutrality by 2050 / Assumptions Development of the energy business based on the policy of achieving carbon neutrality by 2050 / Source Not disclosed
Segment targetSegment Energy / Indicator Operating income / FY2025 actual ¥10.6 billion / FY2028 plan ¥12.1 billion / Rate of increase +14%, Segment Information and communications (corporate) / Indicator Operating income / FY2025 actual ¥4.9 billion / FY2028 plan ¥6.8 billion / Rate of increase +40%, Segment CATV / Indicator Operating income / FY2025 actual ¥6.8 billion / FY2028 plan ¥8.3 billion / Rate of increase +22%, Segment Information and communications (individual) / Indicator Operating income / FY2025 actual ¥1 billion / FY2028 plan ¥1.2bn / Rate of increase +20%, Segment Building equipment and real estate / Indicator Segment operating profit / FY2025 actual ¥2.6 billion / FY2028 plan ¥3 billion / Rate of increase Not disclosed
Non-financial targetsIndicator FY30 Scope 1 and 2 emissions / Target value 50% reduction from FY21 / Timing FY2030, Indicator Operating income per employee / Target value At least 15% above FY25 / Timing FY2028
Size of the Target MarketMarket The domestic public cloud market / Scale ¥3,444.4 billion in FY2025, ¥6,251.5 billion in FY2030 / Growth rate +10% / Source Fuji Chimera Research Institute, "2025 Current Status and Future Prospects of Cloud Computing: Market Edition", Market Number of LP gas distributors / Scale 19,514 distributors nationwide / Growth rate Not disclosed / Source Ministry of Economy, Trade and Industry, "Number of Distributors and Safety Organizations Nationwide, etc."
Risks identified by the company
The disclosure contains a general statement that it includes potential risks and uncertainties, but individual risk items are not disclosed.
Reason for revision or withdrawal
Not disclosed (this disclosure concerns the formulation of a new plan, not a revision or withdrawal of the existing plan)
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2028 |
| Plan period | FY2026〜FY2028 |
| Progress against the plan | Formulated |
| Sales Target | ¥244.8 billion (FY2025 actual) → Not disclosed |
| Operating profit target | ¥18.7 billion (FY2025 actual) → Not disclosed |
| Net income target | ¥10.7 billion (FY2025 actual) → ¥13.5 billion (FY2028 plan)（+26.2%） |
| ROE target | 11.0 (FY2025 actual) → 13 (FY2028 plan)（+18.2%） |
| ROIC target | 8.9 (FY2025 actual) → Not disclosed |
| Payout ratio / DOE policy | During the medium-term plan period from FY2026 through FY2028, the basic policy is to maintain a payout ratio of at least 45%, with a target total payout ratio of approximately 70%. DOE: not disclosed. |
| Treasury share acquisition policy | The company will repurchase at least ¥10 billion of its own shares during FY2026 through FY2028. It will pursue flexible share repurchases while monitoring M&A opportunities for growth. |
| Self-assessment of PBR and share price | With a focus on improving PBR, the company has identified reducing the risk associated with the cost of shareholders' equity, increasing the future growth rate, and improving business profit and ROE as factors affecting PBR. A numerical assessment of the current PBR or share price level is not disclosed. |
| Investment amount by sector | Field Maintaining and strengthening the earnings base / Amount Approximately ¥55 billion, Field M&A / alliances / Amount Approximately ¥20.0 billion, Field Energy Business / Amount Approximately ¥15 billion, Field Information and communications / CATV business / Amount Approximately ¥5.0 billion |
| Segment target | Segment Energy / Indicator Operating income / FY2025 actual ¥10.6 billion / FY2028 plan ¥12.1 billion / Rate of increase +14%, Segment Information and communications (corporate) / Indicator Operating income / FY2025 actual ¥4.9 billion / FY2028 plan ¥6.8 billion / Rate of increase +40%, Segment CATV / Indicator Operating income / FY2025 actual ¥6.8 billion / FY2028 plan ¥8.3 billion / Rate of increase +22%, Segment Information and communications (individual) / Indicator Operating income / FY2025 actual ¥1 billion / FY2028 plan ¥1.2bn / Rate of increase +20%, Segment Building equipment and real estate / Indicator Segment operating profit / FY2025 actual ¥2.6 billion / FY2028 plan ¥3 billion / Rate of increase Not disclosed |
| Non-financial targets | Indicator FY30 Scope 1 and 2 emissions / Target value 50% reduction from FY21 / Timing FY2030, Indicator Operating income per employee / Target value At least 15% above FY25 / Timing FY2028 |
| Plan assumptions | Item Domestic public cloud market size / Assumptions ¥3,444.4 billion in FY2025, ¥6,251.5 billion in FY2030, average annual growth rate of 10% / Source Fuji Chimera Research Institute, "2025 Current Status and Future Prospects of Cloud Computing: Market Edition", Item Number of LP gas distributors / Assumptions 19,514 distributors nationwide, including 15,181 for the company / Source Ministry of Economy, Trade and Industry, "Number of Distributors and Safety Organizations Nationwide, etc.", Item Carbon Neutrality by 2050 / Assumptions Development of the energy business based on the policy of achieving carbon neutrality by 2050 / Source Not disclosed |
| Key initiatives | Three pillars of the Triple Accel strategy, Business portfolio policy, Core of Group growth (three growth segments), Balance sheet management policy for improving capital efficiency, Capital allocation, Sustainability strategy: four pillars, Overall GX roadmap, Human capital and talent development policy, DX strategy and initiatives |
| Results under the previous plan | FY2025 medium-term plan targets: revenue ¥260.0 billion, operating profit ¥17.5 billion, ordinary profit ¥17.5 billion, net income attributable to owners of the parent ¥10.0 billion, operating cash flow ¥24.4 billion, 3.57 million customers, ROE 10.8%, ROIC 8.7% → FY2025 actual: revenue ¥244.8 billion, operating profit ¥18.7 billion, ordinary profit ¥19.2 billion, net income attributable to owners of the parent ¥10.7 billion, operating cash flow ¥27.2 billion, 3.47 million customers, ROE 11.0%, ROIC 8.9% |
| Reason for revision or withdrawal | Not disclosed (this disclosure concerns the formulation of a new plan, not a revision or withdrawal of the existing plan) |
| Size of the Target Market | Market The domestic public cloud market / Scale ¥3,444.4 billion in FY2025, ¥6,251.5 billion in FY2030 / Growth rate +10% / Source Fuji Chimera Research Institute, "2025 Current Status and Future Prospects of Cloud Computing: Market Edition", Market Number of LP gas distributors / Scale 19,514 distributors nationwide / Growth rate Not disclosed / Source Ministry of Economy, Trade and Industry, "Number of Distributors and Safety Organizations Nationwide, etc." |
| Risks identified | The disclosure contains a general statement that it includes potential risks and uncertainties, but individual risk items are not disclosed. |
| Date of board resolution | 8 May 2026 |
| Publication date | 8 May 2026 |
Items this document does not state (3)
Operating profit margin targetCost of capitalTotal investment plan
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 maximize corporate value by pursuing further significant business growth and strengthening capital profitability centered on improving ROE, while expanding business profit and enhancing shareholder returns.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.