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
1000
Millions of yenWording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+11.1%
基準 9,000Target10,000Millions of yen
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. The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
ROIC7.0% (target under the previous medium-term management plan) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planNet sales: ¥7,200 million; ordinary profit: ¥580 million; ROIC: 7.0% → Net sales: ¥6,657 million; ordinary profit: ¥659 million; ROIC: 5.0%-7.5%Calculated from the two disclosed figures
Total investment planInvestment budget of approximately ¥5 billion over three years
Investment amount by sectorField Creation of next-generation services / Amount ¥900 million, Field Investment in M&A / Amount ¥3 billion, Field Improving the Profitability of the Existing Business / Amount ¥1.1 billion
Statements about the use of capital
Payout ratio / DOE policyThe dividend payout ratio and DOE were not disclosed. The plan states that the Company will "maintain a stable annual dividend of ¥10." The applicable period was not disclosed.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 priceAlthough the number of shareholders increased, liquidity remained an issue, and the Company did not succeed in building expectations for its future growth story. PBR was not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01① Realizing a data business centered on the "アップデミー®" service
02② Shift to high-value-added DX services
03③ Turning organizational knowledge into an asset and building an AI utilization platform
04④ Expanding target regions and customer segments
05⑤ Promoting M&A and alliances
Non-financial targetsIndicator Development hours / Target value 30% reduction / Timing Not disclosed, Indicator Internal AI adoption rate / Target value 100％ / Timing Not disclosed
Risks identified by the company
Inflation and rising interest rates
Decline in the 18-year-old population and the polarization and restructuring of universities
Intensifying competition to recruit talent due to a declining working-age population and labor shortages
The threat of cyberattacks made more sophisticated and automated by AI
Shortage of cybersecurity personnel
Data fragmentation and increased management burdens for service providers resulting from the expansion of regulations governing the handling of personal information
Advances in development tools, obsolescence of the value provided, and intensifying price competition
Automation of downstream processes by AI and the limits of the man-month business model
Reason for revision or withdrawal
The Company has adopted a rolling approach under which the plan is reviewed once a year in order to respond appropriately to changes in the business environment and other factors. In light of market changes, it has refreshed its key priorities to focus on a "shift to high-value-added DX services" and "turning organizational knowledge into an asset and building an AI utilization platform." The Company will accelerate its strategy of expanding the Group and has adopted an aggressive investment policy, including large-scale M&A.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan for the Fiscal Years Ending March 2027 to March 2029 |
| Plan period | Fiscal years ending March 2027 to March 2029 |
| Progress against the plan | Formulated |
| Sales Target | 9,000 Millions of yen → 10,000 Millions of yen |
| ROIC target | 7.0% (target under the previous medium-term management plan) → Not disclosed |
| Payout ratio / DOE policy | The dividend payout ratio and DOE were not disclosed. The plan states that the Company will "maintain a stable annual dividend of ¥10." The applicable period was not disclosed. |
| Self-assessment of PBR and share price | Although the number of shareholders increased, liquidity remained an issue, and the Company did not succeed in building expectations for its future growth story. PBR was not disclosed. |
| Total investment plan | Investment budget of approximately ¥5 billion over three years |
| Investment amount by sector | Field Creation of next-generation services / Amount ¥900 million, Field Investment in M&A / Amount ¥3 billion, Field Improving the Profitability of the Existing Business / Amount ¥1.1 billion |
| Non-financial targets | Indicator Development hours / Target value 30% reduction / Timing Not disclosed, Indicator Internal AI adoption rate / Target value 100％ / Timing Not disclosed |
| Key initiatives | ① Realizing a data business centered on the "アップデミー®" service, ② Shift to high-value-added DX services, ③ Turning organizational knowledge into an asset and building an AI utilization platform, ④ Expanding target regions and customer segments, ⑤ Promoting M&A and alliances |
| Results under the previous plan | Net sales: ¥7,200 million; ordinary profit: ¥580 million; ROIC: 7.0% → Net sales: ¥6,657 million; ordinary profit: ¥659 million; ROIC: 5.0% |
| Reason for revision or withdrawal | The Company has adopted a rolling approach under which the plan is reviewed once a year in order to respond appropriately to changes in the business environment and other factors. In light of market changes, it has refreshed its key priorities to focus on a "shift to high-value-added DX services" and "turning organizational knowledge into an asset and building an AI utilization platform." The Company will accelerate its strategy of expanding the Group and has adopted an aggressive investment policy, including large-scale M&A. |
| Risks identified | Inflation and rising interest rates, Decline in the 18-year-old population and the polarization and restructuring of universities, Intensifying competition to recruit talent due to a declining working-age population and labor shortages, The threat of cyberattacks made more sophisticated and automated by AI, Shortage of cybersecurity personnel, Data fragmentation and increased management burdens for service providers resulting from the expansion of regulations governing the handling of personal information, Advances in development tools, obsolescence of the value provided, and intensifying price competition, Automation of downstream processes by AI and the limits of the man-month business model |
| Date of board resolution | 30 April 2026 |
| Publication date | 30 April 2026 |
Items this document does not state (9)
Operating profit targetOperating profit margin targetNet income targetROE targetTreasury share acquisition policyCost of capitalSegment targetPlan assumptionsSize of the Target Market
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 has adopted a rolling approach under which the plan is reviewed once a year in order to respond appropriately to changes in the business environment and other factors. In light of market changes, the Company has refreshed its key priorities and adopted an aggressive investment policy, including large-scale M&A, to accelerate its strategy of expanding the Group.
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