Worth reading
61In 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
200
Hundreds of millions of yenWording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+38.4%
基準 391Target541Hundreds of millions of yen
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.
ROEFY25 actual (converted ROE): Energy 22.5%, Information and Communications 18.2%, CATV 12.3%, Group 11.0% → Not disclosed
Only the target level is shown because the current level for comparison was not provided.Total investment planApproximately ¥20 billion (total across 3 areas)
Investment amount by sectorField Energy Business / Amount Approximately ¥15 billion, Field Total across 3 areas / Amount Approximately ¥20.0 billion
Key initiatives
01Approach to growth investment through M&A
02Role of M&A in the growth of the energy business
03Role of M&A in the growth of the Information and Communications Business (Corporate)
04Role of M&A in the growth of the CATV business
Segment targetSegment Information and Communications Business (Corporate) / Indicator Net sales / Target FY28 ¥54.1 billion, Segment Energy Business / Indicator Number of newly acquired customers / Target FY28 19,000 customers, Segment Information and Communications Business (Corporate) / Indicator Number of cloud connection services / Target FY28 3,458, Segment Information and Communications Business (Corporate) / Indicator AWS-certified professionals / Target FY28 887 people, Segment CATV Business / Indicator Cross-selling rate / Target FY28 51%
Non-financial targetsIndicator Number of newly acquired customers in the energy business / Target FY28 19,000 customers / Timing FY28, Indicator Number of cloud connection services / Target 3,458 / Timing FY28, Indicator AWS-certified professionals / Target 887 people / Timing FY28, Indicator CATV business cross-selling rate (rate of simultaneous broadcasting and communications subscriptions) / Target 51% / Timing FY28
Size of the Target MarketMarket Size and Indicators Number of LP gas distributors nationwide: 19,514 in 2015, down to 14,718 in 2025. The number of households using LP gas is shown by region in the following categories: 600,000 households or more, 400,000 households or more, 200,000 households or more, and fewer than 200,000 households. / Source Ministry of Economy, Trade and Industry, "Number of Distributors and Safety Organisations Nationwide, etc."; 全国LPガス保安共済事業団 (national LP gas safety mutual aid organisation)
Risks identified by the company
Business, financial, legal, labor and other risks
Potential risks and uncertainties
Actual results may differ materially from the outlook due to changes in various factors
Reason for revision or withdrawal
Through constructive dialogue with stakeholders, including shareholders and investors, the company has received considerable interest and expectations regarding the investment criteria in these priority areas and the specificity of its growth scenarios. In response, it has fleshed out and formulated the M&A policy for the 3 businesses listed above, with the aim of further enhancing the transparency and effectiveness of its investment strategy and deepening stakeholders' understanding of its value creation story.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2028 |
| Plan period | FY26-28 |
| Progress against the plan | Formulated |
| Sales Target | FY25 actual 391 → FY28 plan 541（+38.4%） |
| ROE target | FY25 actual (converted ROE): Energy 22.5%, Information and Communications 18.2%, CATV 12.3%, Group 11.0% → Not disclosed |
| Total investment plan | Approximately ¥20 billion (total across 3 areas) |
| Investment amount by sector | Field Energy Business / Amount Approximately ¥15 billion, Field Total across 3 areas / Amount Approximately ¥20.0 billion |
| Segment target | Segment Information and Communications Business (Corporate) / Indicator Net sales / Target FY28 ¥54.1 billion, Segment Energy Business / Indicator Number of newly acquired customers / Target FY28 19,000 customers, Segment Information and Communications Business (Corporate) / Indicator Number of cloud connection services / Target FY28 3,458, Segment Information and Communications Business (Corporate) / Indicator AWS-certified professionals / Target FY28 887 people, Segment CATV Business / Indicator Cross-selling rate / Target FY28 51% |
| Non-financial targets | Indicator Number of newly acquired customers in the energy business / Target FY28 19,000 customers / Timing FY28, Indicator Number of cloud connection services / Target 3,458 / Timing FY28, Indicator AWS-certified professionals / Target 887 people / Timing FY28, Indicator CATV business cross-selling rate (rate of simultaneous broadcasting and communications subscriptions) / Target 51% / Timing FY28 |
| Key initiatives | Approach to growth investment through M&A, Role of M&A in the growth of the energy business, Role of M&A in the growth of the Information and Communications Business (Corporate), Role of M&A in the growth of the CATV business |
| Reason for revision or withdrawal | Through constructive dialogue with stakeholders, including shareholders and investors, the company has received considerable interest and expectations regarding the investment criteria in these priority areas and the specificity of its growth scenarios. In response, it has fleshed out and formulated the M&A policy for the 3 businesses listed above, with the aim of further enhancing the transparency and effectiveness of its investment strategy and deepening stakeholders' understanding of its value creation story. |
| Size of the Target Market | Market Size and Indicators Number of LP gas distributors nationwide: 19,514 in 2015, down to 14,718 in 2025. The number of households using LP gas is shown by region in the following categories: 600,000 households or more, 400,000 households or more, 200,000 households or more, and fewer than 200,000 households. / Source Ministry of Economy, Trade and Industry, "Number of Distributors and Safety Organisations Nationwide, etc."; 全国LPガス保安共済事業団 (national LP gas safety mutual aid organisation) |
| Risks identified | Business, financial, legal, labor and other risks, Potential risks and uncertainties, Actual results may differ materially from the outlook due to changes in various factors |
| Publication date | 5 November 2026 |
Items this document does not state (11)
Operating profit targetOperating profit margin targetNet income targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share pricePlan assumptionsResults under the previous planDate 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.Through constructive dialogue with stakeholders, including shareholders and investors, the company received considerable interest and expectations regarding its investment criteria in the priority areas and the specificity of its growth scenarios. The purpose is to further enhance the transparency and effectiveness of its investment strategy and deepen understanding of its value creation story.
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