Worth reading
39Recurring
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
20
% (average annual growth rate of ordinary profit)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateWhat happened to the previous planNot disclosed → Not disclosed（Net Sales 2.1% (versus earnings forecast) / Ordinary income 8.8% (versus earnings forecast)）
Key initiatives
01MVNO as a Service
02Business support
03Industry-specific services
04M&A / investments
05AI
06“MVNO Transformation Service” launched
07Expansion and vertical deployment of industry-specific support areas
08Contribution to profit generation through the use of AI
Size of the Target MarketMarket Potential Through MVNO as a Service, the addressable market for MVNE services could expand to approximately 50 times its current size / Percentage of customer companies that are non-telecommunications operators Fiscal 2020 8.3% / Fiscal year ended March 2024 31.6% / Fiscal year ending March 2026 43.5% / Number of MVNO service providers March 2021 862 / March 2022 949 / March 2023 993 / March 2024 1,060 / March 2025 1,161 / December 2025 1,250 / Source Ministry of Internal Affairs and Communications and Ministry of Economy, Trade and Industry, "2021 Economic Census for Business Activity", Ministry of Internal Affairs and Communications, "Quarterly Data on the Number of Contracts and Market Shares for Telecommunications Services" (third quarter of FY2025 (end of December))
Risks identified by the company
Procurement and costs of lines, bandwidth and equipment
Dependence on specific suppliers
System failures
Lease agreements for network lines and data centers
Service provision on cloud services
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Plan period | Four years from the listing fiscal year (fiscal year ended March 2025) toward the fiscal year ending March 2029 |
| Progress against the plan | Annual update |
| Key initiatives | MVNO as a Service, Business support, Industry-specific services, M&A / investments, AI, “MVNO Transformation Service” launched, Expansion and vertical deployment of industry-specific support areas, Contribution to profit generation through the use of AI |
| Results under the previous plan | Not disclosed → Not disclosed（Net Sales 2.1% (versus earnings forecast) / Ordinary income 8.8% (versus earnings forecast)） |
| Size of the Target Market | Market Potential Through MVNO as a Service, the addressable market for MVNE services could expand to approximately 50 times its current size / Percentage of customer companies that are non-telecommunications operators Fiscal 2020 8.3% / Fiscal year ended March 2024 31.6% / Fiscal year ending March 2026 43.5% / Number of MVNO service providers March 2021 862 / March 2022 949 / March 2023 993 / March 2024 1,060 / March 2025 1,161 / December 2025 1,250 / Source Ministry of Internal Affairs and Communications and Ministry of Economy, Trade and Industry, "2021 Economic Census for Business Activity", Ministry of Internal Affairs and Communications, "Quarterly Data on the Number of Contracts and Market Shares for Telecommunications Services" (third quarter of FY2025 (end of December)) |
| Risks identified | Procurement and costs of lines, bandwidth and equipment, Dependence on specific suppliers, System failures, Lease agreements for network lines and data centers, Service provision on cloud services |
| Publication date | 26 June 2026 |
Items this document does not state (17)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan 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.To leverage the strengths of a business model that can readily generate profits through bandwidth sharing, while pursuing growth investments based on investment discipline and securing profits without falling into a sales-at-all-costs approach.
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.