Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
1.7
¥100 million (shortfall against the market capitalization of tradable shares criterion)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.2%
基準 2,025Target2,030100 million
Net income for the current fiscal year+0.2%
基準 2,025Target2,030100 million
ROIC+4.0pt
基準 2,026Target2,030％
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).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
ROE7.8% (FY ending June 2026) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planFY ending June 2026 fell below the initial plan
Statements about the use of capital
Payout ratio / DOE policyThe basic payout ratio will be at least 30%. During the medium-term management plan period, the company will consider raising the payout ratio based on progress and its cash flow position.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 consider repurchasing treasury shares as appropriate to improve capital efficiency and implement flexible capital policies.
Self-assessment of PBR and share priceThe market capitalization of tradable shares is ¥9.83 billion, below the ¥10 billion listing maintenance criterion. The company aims to increase its share price and obtain an appropriate market valuation through improvements in ROIC and ROE, shareholder returns and IR activities.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01① Initiatives to achieve the medium-term management plan
02Portfolio restructuring
03Selectivity and Concentration in Business
04Franchise Business
05Real Estate Sales
06Five-year plan for the reverse mortgage guarantee business
07Initiative ② Enhancing shareholder returns and IR activities
08Proactive dissemination of information through voluntary disclosures and other channels
09Increasing opportunities for dialogue with investors
10Public relations activities to strengthen information dissemination
11Enhancement of English-Language Disclosure
Plan assumptionsInventory build-up and growth expansion in the real estate sales business will be weighted toward the latter half of the medium-term management plan period., The company expects to achieve the plan based on a conservative per-head acquisition level that remains flat from the current level., The pace of improvement will accelerate from the fiscal year ending June 2028, when the recovery of upfront investments in the real estate sales business will gain momentum., The plan is subject to uncertainty arising from changes in domestic and international conditions, market conditions, interest rates and currency exchange-rate movements.
Segment targetSegment Franchising / Indicator Cumulative number of affiliated stores / Target 960 stores / Timing 2030, Segment Real Estate Sales / Indicator Used-home sales as a percentage of residential-related sales / Target ¥37 billion (approximately 54%) / Timing Fiscal year ending June 2030, Segment Financial services (reverse mortgage guarantees) / Indicator Guarantee balance / Target ¥125 billion / Timing Fiscal year ending June 2030
Non-financial targetsIndicator Cumulative number of affiliated stores / Target 960 stores / Timing 2030
Risks identified by the company
Changes in domestic and international conditions
Impact of market conditions
General industry and market conditions
Interest Rates
Currency and foreign exchange fluctuations
Domestic and international economic conditions
Reason for revision or withdrawal
Multiple factors coincided, causing FY ending June 2026 to fall below the initial plan. The time required to retain and train personnel in the real estate sales business delayed the impact on business performance.
| Item | Details |
|---|---|
| Plan name | Plan for Compliance with Listing Maintenance Criteria (Improvement Period) / Medium-Term Management Plan (FY ending June 2026 to FY ending June 2030) |
| Plan period | Improvement period: end of June 2027 (related medium-term management plan: FY ending June 2026 to FY ending June 2030) |
| Progress against the plan | Formulated |
| Sales Target | ¥80 billion (announced 12 August 2025) → ¥80 billion (FY ending June 2030)（0%） |
| Net income target | ¥5.30 billion (announced 12 August 2025) → ¥5.30 billion (FY ending June 2030)（0%） |
| ROE target | 7.8% (FY ending June 2026) → Not disclosed |
| ROIC target | 1.2% (FY ending June 2026) → At least 6.0% (FY ending June 2030) |
| Payout ratio / DOE policy | The basic payout ratio will be at least 30%. During the medium-term management plan period, the company will consider raising the payout ratio based on progress and its cash flow position. |
| Treasury share acquisition policy | The company will consider repurchasing treasury shares as appropriate to improve capital efficiency and implement flexible capital policies. |
| Self-assessment of PBR and share price | The market capitalization of tradable shares is ¥9.83 billion, below the ¥10 billion listing maintenance criterion. The company aims to increase its share price and obtain an appropriate market valuation through improvements in ROIC and ROE, shareholder returns and IR activities. |
| Segment target | Segment Franchising / Indicator Cumulative number of affiliated stores / Target 960 stores / Timing 2030, Segment Real Estate Sales / Indicator Used-home sales as a percentage of residential-related sales / Target ¥37 billion (approximately 54%) / Timing Fiscal year ending June 2030, Segment Financial services (reverse mortgage guarantees) / Indicator Guarantee balance / Target ¥125 billion / Timing Fiscal year ending June 2030 |
| Non-financial targets | Indicator Cumulative number of affiliated stores / Target 960 stores / Timing 2030 |
| Plan assumptions | Inventory build-up and growth expansion in the real estate sales business will be weighted toward the latter half of the medium-term management plan period., The company expects to achieve the plan based on a conservative per-head acquisition level that remains flat from the current level., The pace of improvement will accelerate from the fiscal year ending June 2028, when the recovery of upfront investments in the real estate sales business will gain momentum., The plan is subject to uncertainty arising from changes in domestic and international conditions, market conditions, interest rates and currency exchange-rate movements. |
| Key initiatives | ① Initiatives to achieve the medium-term management plan, Portfolio restructuring, Selectivity and Concentration in Business, Franchise Business, Real Estate Sales, Five-year plan for the reverse mortgage guarantee business, Initiative ② Enhancing shareholder returns and IR activities, Proactive dissemination of information through voluntary disclosures and other channels, Increasing opportunities for dialogue with investors, Public relations activities to strengthen information dissemination, Enhancement of English-Language Disclosure |
| Results under the previous plan | FY ending June 2026 fell below the initial plan |
| Reason for revision or withdrawal | Multiple factors coincided, causing FY ending June 2026 to fall below the initial plan. The time required to retain and train personnel in the real estate sales business delayed the impact on business performance. |
| Risks identified | Changes in domestic and international conditions, Impact of market conditions, General industry and market conditions, Interest Rates, Currency and foreign exchange fluctuations, Domestic and international economic conditions |
| Publication date | 25 September 2026 |
Items this document does not state (7)
Operating profit targetOperating profit margin targetCost of capitalTotal investment planInvestment amount by sectorSize of the Target MarketDate 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.ROE declined because earnings fell below plan during the portfolio restructuring phase. The company also takes into account the possibility that it may fail to achieve compliance during the plan period due to changes in domestic and international conditions, market conditions and other factors.
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