Worth reading
56In 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
34
¥100 million (increase from FY2025 actual revenue to the FY2028 revenue target)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+23.3%
基準 14.6Target18Hundreds of millions of yen
Operating profit+107.7%
基準 1.3Target2.7Hundreds of millions of yen
Operating profit margin+6.0pt
基準 9Target15%
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 planNet Sales ¥13.0 billion / Operating profit margin 10〜20% / Cloud service and subscription-model revenue ¥2 billion / Cloud service and subscription-model conversion rate 75% → Net Sales ¥14.6 billion / Operating profit margin 9% / Cloud service and subscription-model revenue ¥2 billion / Cloud service and subscription-model conversion rate 70% / ARR 32% year on year
Total investment planAt least approximately ¥5.0 billion
Investment amount by sectorField Product / Amount Not disclosed, Field Human Resources / Amount Not disclosed, Field Productivity improvement / Amount Not disclosed, Field M&A / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyThe basic policy is a dividend payout ratio of 35%, with a target total payout ratio of 40%. The applicable period is Not disclosed.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 target total payout ratio is 40%, but the specific amount, timing and conditions for share buybacks are Not disclosed.
Key initiatives
01Strategic Theme 1 | Strengthen the business model starting with customer success
02Strategic Theme 2 | Establishing a profitable business model powered by AI
03Strategic Theme 3 | Foster a corporate brand that drives employee growth and social trust
Plan assumptionsGenerative AI will rapidly evolve, with AI shifting from a business-support tool to an AI agent capable of making autonomous decisions and taking action, The Company will leverage its track record in BPM and workflow solutions, where it has held the No. 1 market share for 18 consecutive years
Non-financial targetsIndicator name Number of new customers acquired / Target value Approximately 300 companies annually / Timing Not disclosed, Indicator name Conversion rate to strategic customers / Target value Approximately 20% / Timing Not disclosed, Indicator name Listing on the Prime Market / Target value Aim to list / Timing Not disclosed
Size of the Target MarketMarket Size Not disclosed / Growth rate Not disclosed / Source Fuji Chimera Research Institute, Inc., New Software Business Markets 2025 (workflow packages, FY2024 value basis). Cited as the basis for holding the No. 1 market share for 18 consecutive years.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan (FY2026–FY2028) |
| Plan period | FY2026〜FY2028 |
| Progress against the plan | Formulated |
| Sales Target | ¥14.6 billion → ¥18 billion（Approximately 23.3%） |
| Operating profit target | ¥1.3 billion → ¥2.7 billion（Approximately 107.7%） |
| Operating profit margin target | 9% → 15% or higher（At least 66.7%） |
| Payout ratio / DOE policy | The basic policy is a dividend payout ratio of 35%, with a target total payout ratio of 40%. The applicable period is Not disclosed. |
| Treasury share acquisition policy | The target total payout ratio is 40%, but the specific amount, timing and conditions for share buybacks are Not disclosed. |
| Total investment plan | At least approximately ¥5.0 billion |
| Investment amount by sector | Field Product / Amount Not disclosed, Field Human Resources / Amount Not disclosed, Field Productivity improvement / Amount Not disclosed, Field M&A / Amount Not disclosed |
| Non-financial targets | Indicator name Number of new customers acquired / Target value Approximately 300 companies annually / Timing Not disclosed, Indicator name Conversion rate to strategic customers / Target value Approximately 20% / Timing Not disclosed, Indicator name Listing on the Prime Market / Target value Aim to list / Timing Not disclosed |
| Plan assumptions | Generative AI will rapidly evolve, with AI shifting from a business-support tool to an AI agent capable of making autonomous decisions and taking action, The Company will leverage its track record in BPM and workflow solutions, where it has held the No. 1 market share for 18 consecutive years |
| Key initiatives | Strategic Theme 1 | Strengthen the business model starting with customer success, Strategic Theme 2 | Establishing a profitable business model powered by AI, Strategic Theme 3 | Foster a corporate brand that drives employee growth and social trust |
| Results under the previous plan | Net Sales ¥13.0 billion / Operating profit margin 10〜20% / Cloud service and subscription-model revenue ¥2 billion / Cloud service and subscription-model conversion rate 75% → Net Sales ¥14.6 billion / Operating profit margin 9% / Cloud service and subscription-model revenue ¥2 billion / Cloud service and subscription-model conversion rate 70% / ARR 32% year on year |
| Size of the Target Market | Market Size Not disclosed / Growth rate Not disclosed / Source Fuji Chimera Research Institute, Inc., New Software Business Markets 2025 (workflow packages, FY2024 value basis). Cited as the basis for holding the No. 1 market share for 18 consecutive years. |
| Publication date | 22 May 2026 |
Items this document does not state (9)
Net income targetROE targetROIC targetCost of capitalSelf-assessment of PBR and share priceSegment targetReason for revision or withdrawalRisks identifiedDate 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.The Company views the rapid evolution of generative AI, whereby AI is shifting from a basic business-support tool to an AI agent capable of making autonomous decisions and taking action, as a new growth opportunity. Leveraging its track record in BPM and workflow solutions, it will expand its business from the conventional workflow domain into the broader field of business process transformation.
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.