Worth reading
65In 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
10
ROE (%, target for the fiscal year ending March 2029)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedOperating profit margin+2,024.0pt
基準 5Target2,029％
ROE+2,021.0pt
基準 8Target2,029％
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).
What happened to the previous planROE At least 8% / Ordinary income margin At least 5% / DOE At least 3.5% → Actual for the fiscal year ended March 2026 ROE 8.3％ / Ordinary income margin 6.1％ / DOE 4.0％
Investment amount by sectorField Growth Investment / Amount Approximately ¥700 million to ¥1.5 billion / Timing During the next medium-term management plan
Statements about the use of capital
Payout ratio / DOE policyThe target DOE under the Eighth Medium-Term Management Plan was 3.5% or higher. Under the Ninth Medium-Term Management Plan, the target is DOE of 5.0% or higher for the fiscal year ending March 2029. As a general principle, the Company will follow a progressive dividend policy of increasing or maintaining the dividend without cutting it.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Self-assessment of PBR and share pricePBR has generally remained in the range of approximately 0.6 to 0.7 times. Although it exceeded 1.0 times several times during the fiscal year ending March 2026, it stood at 0.85 times at the end of that fiscal year. During the Ninth Medium-Term Management Plan, the Company aims to maintain the elimination of the discount below 1.0 times PBR and achieve further improvement.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Improve ROE by expanding growth businesses and establishing new earnings bases
02Improve ROE by reviewing capital policies
03Improve PER by advancing the non-financial strategy
04Improve PER by strengthening IR activities
05Strengthen industry-specific strategies in the systems development business
06Expand the solutions business by leveraging low-code, Salesforce, and cloud technologies
07Develop new services drawing on the Company's own expertise and that of other companies
08Strengthen the on-site business in the outsourcing business
09Transform the business into new business models
10Advance co-creation strategies through M&A and minority investments
11Expansion of investment in human capital
12Promote DE&I (diversity, equity and inclusion)
13Continue promoting ESG investment that contributes to achieving a decarbonized society and other objectives
14Promote reductions in greenhouse gas emissions associated with climate change toward obtaining SBT certification
15Promote contributions to local communities, including support for the employment of people with disabilities
16Proactively disseminate IR information
17Expand the content of IR information
18Promote meetings with investors
19Utilize information from investor meetings
Non-financial targetsIndicator Employee wages / Target value 10% increase / Timing Eighth Medium-Term Management Plan (achieved), Indicator Percentage of Female Managers / Target value 15% or higher / Timing June 2025 (achieved), Indicator Greenhouse Gas Emissions Reduction / Target value 2035 target (no specific figure stated) / Timing 2035
Reason for revision or withdrawal
The Company recognizes that improving ROE and increasing PER are essential to improving PBR. Based on its recognition that it is necessary to achieve ROE above the cost of capital, the Company aims to achieve further growth and improve capital efficiency further.
| Item | Details |
|---|---|
| Plan name | Ninth Medium-Term Management Plan |
| Plan period | From the current fiscal year through the fiscal year ending March 2029 |
| Progress against the plan | Partially revised |
| Operating profit margin target | 5% or higher (ordinary profit margin on net sales, target under the Eighth Medium-Term Management Plan) → 6.5% or higher (operating margin on net sales, target for the fiscal year ending March 2029) |
| ROE target | 8% or higher (target under the Eighth Medium-Term Management Plan) → 10.0% or higher (target for the fiscal year ending March 2029)（25.0% or higher） |
| Payout ratio / DOE policy | The target DOE under the Eighth Medium-Term Management Plan was 3.5% or higher. Under the Ninth Medium-Term Management Plan, the target is DOE of 5.0% or higher for the fiscal year ending March 2029. As a general principle, the Company will follow a progressive dividend policy of increasing or maintaining the dividend without cutting it. |
| Self-assessment of PBR and share price | PBR has generally remained in the range of approximately 0.6 to 0.7 times. Although it exceeded 1.0 times several times during the fiscal year ending March 2026, it stood at 0.85 times at the end of that fiscal year. During the Ninth Medium-Term Management Plan, the Company aims to maintain the elimination of the discount below 1.0 times PBR and achieve further improvement. |
| Investment amount by sector | Field Growth Investment / Amount Approximately ¥700 million to ¥1.5 billion / Timing During the next medium-term management plan |
| Non-financial targets | Indicator Employee wages / Target value 10% increase / Timing Eighth Medium-Term Management Plan (achieved), Indicator Percentage of Female Managers / Target value 15% or higher / Timing June 2025 (achieved), Indicator Greenhouse Gas Emissions Reduction / Target value 2035 target (no specific figure stated) / Timing 2035 |
| Key initiatives | Improve ROE by expanding growth businesses and establishing new earnings bases, Improve ROE by reviewing capital policies, Improve PER by advancing the non-financial strategy, Improve PER by strengthening IR activities, Strengthen industry-specific strategies in the systems development business, Expand the solutions business by leveraging low-code, Salesforce, and cloud technologies, Develop new services drawing on the Company's own expertise and that of other companies, Strengthen the on-site business in the outsourcing business, Transform the business into new business models, Advance co-creation strategies through M&A and minority investments, Expansion of investment in human capital, Promote DE&I (diversity, equity and inclusion), Continue promoting ESG investment that contributes to achieving a decarbonized society and other objectives, Promote reductions in greenhouse gas emissions associated with climate change toward obtaining SBT certification, Promote contributions to local communities, including support for the employment of people with disabilities, Proactively disseminate IR information, Expand the content of IR information, Promote meetings with investors, Utilize information from investor meetings |
| Results under the previous plan | ROE At least 8% / Ordinary income margin At least 5% / DOE At least 3.5% → Actual for the fiscal year ended March 2026 ROE 8.3％ / Ordinary income margin 6.1％ / DOE 4.0％ |
| Reason for revision or withdrawal | The Company recognizes that improving ROE and increasing PER are essential to improving PBR. Based on its recognition that it is necessary to achieve ROE above the cost of capital, the Company aims to achieve further growth and improve capital efficiency further. |
| Date of board resolution | 8 May 2026 |
| Publication date | 8 May 2026 |
Items this document does not state (11)
Sales TargetOperating profit targetNet income targetROIC targetTreasury share acquisition policyCost of capitalTotal investment planSegment targetPlan assumptionsSize of the Target MarketRisks identified
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.The Company recognizes that improving ROE and increasing PER are essential to improving PBR, and that it is necessary to achieve ROE above the cost of capital. It therefore aims to achieve further growth and improve capital efficiency.
How to read this page
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