Worth reading
63In 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
25.1
¥100 million or moreWording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.1%
基準 2,026Target2,029100 million
Operating profit+0.1%
基準 2,026Target2,029100 million
Operating profit margin+3.0pt
基準 2,026Target2,029%
ROE+3.0pt
基準 2,026Target2,029%
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).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
What happened to the previous planOperating profit margin 5% or more / ROE 8% or higher / DOE 3.5% or higher → Operating profit margin 6.0% / ROE 8.3% / DOE 4.0%
Total investment planApproximately ¥700 million to ¥1.5 billion in growth investments (during the 9th Medium-Term Management Plan period)
Investment amount by sectorField Growth investment / Amount Approximately ¥700 million to ¥1.5 billion, Field M&A and minority investments / Amount Not disclosed, Field Research and Development / Amount Not disclosed, Field Human capital and sustainability-related investments / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyThe Group targets DOE of at least 5.0% and, as a general principle, adopts a progressive dividend policy under which dividends will be increased or maintained without reducing them. The period covered is the 9th Medium-Term Management Plan (fiscal years ending March 2027 to March 2029).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 was 0.85x as of the fiscal year ending March 2026 and 0.93x as of 19 June 2026. The Group has made eliminating a PBR below 1x during the 9th Medium-Term Management Plan a mandatory target and aims to achieve further improvement.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Business portfolio strategy
02Customer strategy
03Solutions and services strategy
04Resource strategy
05Accelerate M&A and minority investments
06Make eliminating a PBR below 1x a mandatory target and achieve further improvement
07Strengthen human resources strategy and improve job satisfaction
08Enable diverse talent to thrive and promote health management
09Promote contributions to the environment and society
10Practice highly transparent and sound corporate governance
11Transform operations through the use of AI
12Further enhance shareholder returns
Plan assumptionsThe outlook is for continued strong growth across the information systems industry, driven by DX and AI., A serious labor shortage projected to reach up to approximately 790,000 people in 2030, The outlook is for the outsourcing industry to expand to approximately ¥19 trillion in 2030., Results may fluctuate due to economic conditions in major domestic and overseas markets, foreign exchange market volatility, and other factors.
Non-financial targetsIndicator name Compliance training completion rate / Target value Maintain 100% / Timing Not disclosed
Size of the Target MarketOutsourcing industry: approximately ¥19 trillion by 2030. Information systems industry: a shortage of up to approximately 790,000 workers by 2030. Source: Not disclosed.
Risks identified by the company
The limits of maintaining legacy systems due to the 2025 Digital Cliff
A serious labor shortage projected to reach up to approximately 790,000 people in 2030
A shortage of specialized personnel, including cloud and security professionals, in the information systems industry
Intensifying competition for mid-career and graduate recruitment of systems engineers
Economic conditions in major domestic and overseas markets
Foreign exchange market volatility
Reason for revision or withdrawal
The Group achieved all targets under the 8th Medium-Term Management Plan. In light of these results, the plan was formulated to accelerate further enhancement of the Group’s corporate value. In addition to defining the Group’s desired state 10 years from now, the 3-year period is intended to deliver concrete results.
| Item | Details |
|---|---|
| Plan name | Ninth Medium-Term Management Plan |
| Plan period | Fiscal years ending March 2027 to March 2029 (3-year period) |
| Progress against the plan | Formulated |
| Sales Target | ¥9.99 billion (actual for the fiscal year ended March 2026) → At least ¥12.5 billion (fiscal year ending March 2029)（At least 25.1% (calculated)） |
| Operating profit target | ¥590 million (actual for the fiscal year ended March 2026) → ¥820 million (fiscal year ending March 2029)（Approximately 39.0% (calculated)） |
| Operating profit margin target | 6.0% (actual for the fiscal year ended March 2026) → At least 6.5% (fiscal year ending March 2029)（Approximately 8.3% or more (calculated)） |
| ROE target | 8.3% (actual for the fiscal year ended March 2026) → At least 10.0% (fiscal year ending March 2029)（Approximately 20.5% or more (calculated)） |
| Payout ratio / DOE policy | The Group targets DOE of at least 5.0% and, as a general principle, adopts a progressive dividend policy under which dividends will be increased or maintained without reducing them. The period covered is the 9th Medium-Term Management Plan (fiscal years ending March 2027 to March 2029). |
| Self-assessment of PBR and share price | PBR was 0.85x as of the fiscal year ending March 2026 and 0.93x as of 19 June 2026. The Group has made eliminating a PBR below 1x during the 9th Medium-Term Management Plan a mandatory target and aims to achieve further improvement. |
| Total investment plan | Approximately ¥700 million to ¥1.5 billion in growth investments (during the 9th Medium-Term Management Plan period) |
| Investment amount by sector | Field Growth investment / Amount Approximately ¥700 million to ¥1.5 billion, Field M&A and minority investments / Amount Not disclosed, Field Research and Development / Amount Not disclosed, Field Human capital and sustainability-related investments / Amount Not disclosed |
| Non-financial targets | Indicator name Compliance training completion rate / Target value Maintain 100% / Timing Not disclosed |
| Plan assumptions | The outlook is for continued strong growth across the information systems industry, driven by DX and AI., A serious labor shortage projected to reach up to approximately 790,000 people in 2030, The outlook is for the outsourcing industry to expand to approximately ¥19 trillion in 2030., Results may fluctuate due to economic conditions in major domestic and overseas markets, foreign exchange market volatility, and other factors. |
| Key initiatives | Business portfolio strategy, Customer strategy, Solutions and services strategy, Resource strategy, Accelerate M&A and minority investments, Make eliminating a PBR below 1x a mandatory target and achieve further improvement, Strengthen human resources strategy and improve job satisfaction, Enable diverse talent to thrive and promote health management, Promote contributions to the environment and society, Practice highly transparent and sound corporate governance, Transform operations through the use of AI, Further enhance shareholder returns |
| Results under the previous plan | Operating profit margin 5% or more / ROE 8% or higher / DOE 3.5% or higher → Operating profit margin 6.0% / ROE 8.3% / DOE 4.0% |
| Reason for revision or withdrawal | The Group achieved all targets under the 8th Medium-Term Management Plan. In light of these results, the plan was formulated to accelerate further enhancement of the Group’s corporate value. In addition to defining the Group’s desired state 10 years from now, the 3-year period is intended to deliver concrete results. |
| Size of the Target Market | Outsourcing industry: approximately ¥19 trillion by 2030. Information systems industry: a shortage of up to approximately 790,000 workers by 2030. Source: Not disclosed. |
| Risks identified | The limits of maintaining legacy systems due to the 2025 Digital Cliff, A serious labor shortage projected to reach up to approximately 790,000 people in 2030, A shortage of specialized personnel, including cloud and security professionals, in the information systems industry, Intensifying competition for mid-career and graduate recruitment of systems engineers, Economic conditions in major domestic and overseas markets, Foreign exchange market volatility |
| Publication date | 22 June 2026 |
Items this document does not state (6)
Net income targetROIC targetTreasury share acquisition policyCost of capitalSegment targetDate 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.Following the achievement of all targets under the 8th Medium-Term Management Plan, to accelerate further enhancement of the Group’s corporate value. In addition, to define the Group’s desired state 10 years from now and make the 3-year period one in which concrete results are delivered.
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