Worth reading
44Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Medium-Term Management Plan PresentationFiscal year ended March 2026 actual8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥602 100 million
Operating profit¥173 100 million
Operating profit marginOver 30% (continuing from the third quarter of the fiscal year ended March 2026)
Full-year earnings forecastFull-year forecasts for revenue, operating profit and other items: Not disclosed. Planned dividend per share for the fiscal year ending March 2027: ¥8.0
What the company explained in this material
New initiatives
- Implementing AI functions in services and using them in internal operations
- Full-scale expansion of sales activities targeting large enterprises
- Promoting the use of multiple services
- Active M&A, primarily in the cloud sector
- Implementing AI functions for expense settlement, sales management and inquiry handling
Key KPIsA metric the company considers important as a management benchmark.
- Cumulative number of companies adopting cloud services108,000 companies
- Percentage of revenue from recurring revenue92.6 %
- Monthly churn rate0.1%〜1.1%
- Consecutive revenue growth since founding26 Fiscal year
- Continued dividend increases15 consecutive periods
Medium-term management plan targets
- TargetThree-year average revenue growth rate of 15% or moreTarget fiscal yearFiscal year ending March 2029
- TargetRevenue growth rate plus operating margin of 50% or moreTarget fiscal yearFiscal year ending March 2029
- TargetRevenue per employee of ¥30 million or moreTarget fiscal yearFiscal year ending March 2029Comparison with actual results¥23.66 million for the fiscal year ended March 2026
- TargetROE of 30% or higherTarget fiscal yearMinimum benchmark compatible with growth investment
Financial targets
ROE of 30% or more (minimum benchmark compatible with growth investment)Market Size / Share
No. 1 sales share for 17 consecutive years in email sharing and management systems. Other services are also reported to rank No. 1 in sales share and customer adoption share (market size by value Not disclosed)Annual Dividend
¥8.0 per share (up ¥1.0 year on year; fiscal year ending March 2027 plan. Interim and year-end breakdown Not disclosed)Payout ratio
Total payout ratio of at least 20%Acquisition of treasury shares
Total amount of ¥7.0 billion, implemented in the fiscal year ended March 2026 and fully cancelled. Acquisition period and number of shares Not disclosed| Item | Details |
|---|---|
| Document type | Medium-Term Management Plan Presentation |
| Fiscal Period Covered | Fiscal year ended March 2026 actual |
| Net Sales | ¥602 100 million |
| Operating profit | ¥173 100 million |
| Operating profit margin | Over 30% (continuing from the third quarter of the fiscal year ended March 2026) |
| Full-year earnings forecast | Full-year forecasts for revenue, operating profit and other items: Not disclosed. Planned dividend per share for the fiscal year ending March 2027: ¥8.0 |
| Key KPIs | Indicator name Cumulative number of companies adopting cloud services / Value 108,000 companies / Year on year against the same period last year Not disclosed, Indicator name Percentage of revenue from recurring revenue / Value 92.6 % / Year on year against the same period last year Not disclosed, Indicator name Monthly churn rate / Value 0.1%〜1.1% / Year on year against the same period last year Not disclosed, Indicator name Consecutive revenue growth since founding / Value 26 Fiscal year / Year on year against the same period last year Not disclosed, Indicator name Continued dividend increases / Value 15 consecutive periods / Year on year against the same period last year Not disclosed |
| Medium-term management plan targets | Target Three-year average revenue growth rate of 15% or more / Target fiscal year Fiscal year ending March 2029 / Comparison with actual results Not disclosed, Target Revenue growth rate plus operating margin of 50% or more / Target fiscal year Fiscal year ending March 2029 / Comparison with actual results Not disclosed, Target Revenue per employee of ¥30 million or more / Target fiscal year Fiscal year ending March 2029 / Comparison with actual results ¥23.66 million for the fiscal year ended March 2026, Target ROE of 30% or higher / Target fiscal year Minimum benchmark compatible with growth investment / Comparison with actual results Not disclosed |
| Financial targets | ROE of 30% or more (minimum benchmark compatible with growth investment) |
| Annual Dividend | ¥8.0 per share (up ¥1.0 year on year; fiscal year ending March 2027 plan. Interim and year-end breakdown Not disclosed) |
| Payout ratio | Total payout ratio of at least 20% |
| Acquisition of treasury shares | Total amount of ¥7.0 billion, implemented in the fiscal year ended March 2026 and fully cancelled. Acquisition period and number of shares Not disclosed |
| Market Size / Share | No. 1 sales share for 17 consecutive years in email sharing and management systems. Other services are also reported to rank No. 1 in sales share and customer adoption share (market size by value Not disclosed) |
| New initiatives | Implementing AI functions in services and using them in internal operations, Full-scale expansion of sales activities targeting large enterprises, Promoting the use of multiple services, Active M&A, primarily in the cloud sector, Implementing AI functions for expense settlement, sales management and inquiry handling |
Items this document does not state (17)
Ordinary incomeNet incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookCapital expendituresOrders received and order backlogKey points of the Q&A
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 plans to invest cash generated by mature services in high-growth and new services, creating a virtuous cycle of revenue growth and profit generation. It also identified the use of AI, full-scale expansion among large enterprises, promoting the use of multiple services, and active M&A as growth strategies.
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.