Worth reading
45Recurring
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
30
% (revenue CAGR and operating margin)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+5.0pt
基準 2,025Target2,030100 million, %
Operating profit+5.0pt
基準 2,025Target2,030100 million, %
Operating profit margin+5.0pt
基準 2,025Target2,030％
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).
Key initiatives
01Generate sales opportunities through a VDI coexistence strategy
02Expand ZVD’s market share as large enterprises replace PCs and review their systems
03Expand the business by strengthening the alliance strategy
04Build a portfolio of OEM products
05Expand the business alongside the accelerating adoption of AI and machine learning
06Overseas Business Development
07Expand the reseller network: develop sales scenarios tailored to each reseller’s positioning
08Transition QueryAhead® to a PaaS solution
09Initiatives for the overseas expansion of the confidential computing business
Plan assumptionsRemote work becoming established after the COVID-19 pandemic, Accelerating adoption of AI and machine learning, Cloud as the mainstream platform (71% of the global confidential computing market)
Size of the Target MarketMarket In-vehicle data protection and management / Scale Approximately $17.3 billion / Timing 2030 (global market) / Source TechNavio, “Global Automotive Smart Key Market”, Market Combining and managing blockchain and various types of content / Scale Approximately $252.0 billion / Timing 2034 (domestic market) / Source Market Research Center, “Japan Blockchain Market (2026–2034)”, Market Protection of data stored in security cameras / Scale Approximately ¥436.2 billion / Timing 2030 (domestic market) / Source Yano Research Institute, “Fiscal 2025 Survey and Outlook for the Surveillance Camera/Image Analysis System Market”, Market Protection of data stored in drones / Scale Approximately ¥905.4 billion / Timing 2028 (domestic market) / Source Impress Research Institute, “2024 Drone Business Survey Report”, Market Global generative AI market / Scale 2022: approximately ¥1.2 trillion; 2030: approximately ¥14.2 trillion / Timing 2022 and 2030 / Source Chubu Bureau of Economy, Trade and Industry, Ministry of Economy, Trade and Industry, “Signs Report: Signs of Work-Style Reform Using Generative AI”, Market Confidential computing market / Scale 2024: $16–18 billion; 2026 (estimate): $52–54 billion / Timing 2024 and 2026 (estimate) / Source Not disclosed
Risks identified by the company
Risk of information leakage if PCs are lost or stolen
Risk of system outages caused by natural disasters or dependence on AWS’s Tokyo Region
Risk of data leakage caused by the disclosure or decryption of encryption keys
Low processing speeds, complex design and high implementation costs associated with confidential computing
| Item | Details |
|---|---|
| Plan name | Medium-Term Growth Target: “triple 30 Plan” |
| Plan period | Fiscal years ending December 2026 through December 2030 |
| Progress against the plan | Formulated |
| Sales Target | Fiscal year ending December 2025: ¥850 million (actual) → 2026–2030: 30% revenue CAGR (revenue for the fiscal year ending December 2030 not stated) |
| Operating profit target | Fiscal year ending December 2025: ¥140 million (actual) → Fiscal year ending December 2030: 30% operating margin (operating profit amount not stated) |
| Operating profit margin target | Fiscal year ending December 2025: 16.9% (actual) → Fiscal year ending December 2030: 30% |
| Plan assumptions | Remote work becoming established after the COVID-19 pandemic, Accelerating adoption of AI and machine learning, Cloud as the mainstream platform (71% of the global confidential computing market) |
| Key initiatives | Generate sales opportunities through a VDI coexistence strategy, Expand ZVD’s market share as large enterprises replace PCs and review their systems, Expand the business by strengthening the alliance strategy, Build a portfolio of OEM products, Expand the business alongside the accelerating adoption of AI and machine learning, Overseas Business Development, Expand the reseller network: develop sales scenarios tailored to each reseller’s positioning, Transition QueryAhead® to a PaaS solution, Initiatives for the overseas expansion of the confidential computing business |
| Size of the Target Market | Market In-vehicle data protection and management / Scale Approximately $17.3 billion / Timing 2030 (global market) / Source TechNavio, “Global Automotive Smart Key Market”, Market Combining and managing blockchain and various types of content / Scale Approximately $252.0 billion / Timing 2034 (domestic market) / Source Market Research Center, “Japan Blockchain Market (2026–2034)”, Market Protection of data stored in security cameras / Scale Approximately ¥436.2 billion / Timing 2030 (domestic market) / Source Yano Research Institute, “Fiscal 2025 Survey and Outlook for the Surveillance Camera/Image Analysis System Market”, Market Protection of data stored in drones / Scale Approximately ¥905.4 billion / Timing 2028 (domestic market) / Source Impress Research Institute, “2024 Drone Business Survey Report”, Market Global generative AI market / Scale 2022: approximately ¥1.2 trillion; 2030: approximately ¥14.2 trillion / Timing 2022 and 2030 / Source Chubu Bureau of Economy, Trade and Industry, Ministry of Economy, Trade and Industry, “Signs Report: Signs of Work-Style Reform Using Generative AI”, Market Confidential computing market / Scale 2024: $16–18 billion; 2026 (estimate): $52–54 billion / Timing 2024 and 2026 (estimate) / Source Not disclosed |
| Risks identified | Risk of information leakage if PCs are lost or stolen, Risk of system outages caused by natural disasters or dependence on AWS’s Tokyo Region, Risk of data leakage caused by the disclosure or decryption of encryption keys, Low processing speeds, complex design and high implementation costs associated with confidential computing |
| Publication date | 31 March 2026 |
Items this document does not state (14)
Net 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 targetsResults under the previous planReason 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 accelerate organic growth while pursuing initiatives aimed at inorganic growth. The company also cites the achievement of product-market fit by ZENMU Virtual Drive as remote work became established after the COVID-19 pandemic, as well as the strengthening of its financial base and brand recognition through its listing on the Tokyo Stock Exchange Growth Market, as factors supporting growth.
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.