Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
100
¥100 million (consolidated net sales target)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+0.0%
基準 2,027Target2,028million
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.
Operating profitNot disclosed → ¥1 billion
ROENot disclosed → 10％
Only the target level is shown because the current level for comparison was not provided.Key initiatives
01Develop new services
02Provision of AI-enabled services centered on existing services
03Distribution and sales strategy for EC services
04Development of new services using AI technology in existing business areas
05Integration of customers
06Improving the convenience of services provided by the group
07Retaining users of the group’s services
08Increasing service users by expanding the services offered
09Expanding Business Scope Through M&A
10M&A to expand existing business areas and pursue vertical integration
11M&A to expand business areas
12M&A to promote stronger digital transformation
13Expanding the number of golf course contracts, registered members and usage frequency for the ASP service
14Promoting digital transformation at golf courses: “リピ増くんDX”
15Golf equipment sales: analysis of purchasing data using AI
16Travel services: expanding tailor-made tours
17Travel services: strengthening inbound tours
18Monetization of the real estate business
19Rolling out AI-enabled services
Plan assumptionsThe revenue recognition standard has been applied since the fiscal year ended January 2023, The achievement date for ¥10 billion in consolidated net sales under the new standard is set as the fiscal year ending January 2028, The target is an average annual net sales growth rate of at least 15%
Size of the Target MarketMarket Golf course market / Figures 4.8 million people / Year 2024 / Source Leisure White Paper 2025, Japan Productivity Center, Market Golf equipment market / Figures ¥376 billion / Year 2024 / Source Leisure White Paper 2025, Japan Productivity Center, Market Sports equipment market / Figures ¥1.7 trillion / Year 2024 / Source Leisure White Paper 2025, Japan Productivity Center, Market Domestic travel spending / Figures ¥25.1 trillion / Year 2024 / Source Travel Industry in Numbers 2024, Japan Association of Travel Agents, Market Overseas travel spending / Figures ¥9.1 trillion / Year 2024 / Source Travel Industry in Numbers 2024, Japan Association of Travel Agents, Market Total travel spending / Figures ¥34.3 trillion / Year 2024 / Source Travel Industry in Numbers 2024, Japan Association of Travel Agents, Market International visitors to Japan / Figures 42.68 million people / Year 2025 / Source Travel Industry in Numbers 2024, Japan Association of Travel Agents
Risks identified by the company
Risk of decline in the golf market
Risk of decline in the solo booking market
Risk of decline in the golf equipment market
Risk of competitors taking market share from the group
Risks arising from changes in the external environment
Risk that expansion and monetization of business areas will not progress as expected
Risk of contingent liabilities arising after an acquisition
Risk that an acquisition will not produce the expected results
Risk of losing the founder’s leadership
Reason for revision or withdrawal
The revenue recognition standard has been applied since the fiscal year ended January 2023, resulting in a significant change in the method of recording net sales. The achievement date for ¥10 billion in consolidated net sales under the new standard is set as the fiscal year ending January 2028.
| Item | Details |
|---|---|
| Plan name | Growth Strategy |
| Plan period | Final target: fiscal year ending January 2028 (start year: Not disclosed) |
| Progress against the plan | Annual update |
| Sales Target | ¥10 billion (fiscal year ending January 2027, former revenue recognition standard) → ¥10 billion (fiscal year ending January 2028, under the new standard)（0% (on an amount basis)） |
| Operating profit target | Not disclosed → ¥1 billion |
| ROE target | Not disclosed → 10％ |
| Plan assumptions | The revenue recognition standard has been applied since the fiscal year ended January 2023, The achievement date for ¥10 billion in consolidated net sales under the new standard is set as the fiscal year ending January 2028, The target is an average annual net sales growth rate of at least 15% |
| Key initiatives | Develop new services, Provision of AI-enabled services centered on existing services, Distribution and sales strategy for EC services, Development of new services using AI technology in existing business areas, Integration of customers, Improving the convenience of services provided by the group, Retaining users of the group’s services, Increasing service users by expanding the services offered, Expanding Business Scope Through M&A, M&A to expand existing business areas and pursue vertical integration, M&A to expand business areas, M&A to promote stronger digital transformation, Expanding the number of golf course contracts, registered members and usage frequency for the ASP service, Promoting digital transformation at golf courses: “リピ増くんDX”, Golf equipment sales: analysis of purchasing data using AI, Travel services: expanding tailor-made tours, Travel services: strengthening inbound tours, Monetization of the real estate business, Rolling out AI-enabled services |
| Reason for revision or withdrawal | The revenue recognition standard has been applied since the fiscal year ended January 2023, resulting in a significant change in the method of recording net sales. The achievement date for ¥10 billion in consolidated net sales under the new standard is set as the fiscal year ending January 2028. |
| Size of the Target Market | Market Golf course market / Figures 4.8 million people / Year 2024 / Source Leisure White Paper 2025, Japan Productivity Center, Market Golf equipment market / Figures ¥376 billion / Year 2024 / Source Leisure White Paper 2025, Japan Productivity Center, Market Sports equipment market / Figures ¥1.7 trillion / Year 2024 / Source Leisure White Paper 2025, Japan Productivity Center, Market Domestic travel spending / Figures ¥25.1 trillion / Year 2024 / Source Travel Industry in Numbers 2024, Japan Association of Travel Agents, Market Overseas travel spending / Figures ¥9.1 trillion / Year 2024 / Source Travel Industry in Numbers 2024, Japan Association of Travel Agents, Market Total travel spending / Figures ¥34.3 trillion / Year 2024 / Source Travel Industry in Numbers 2024, Japan Association of Travel Agents, Market International visitors to Japan / Figures 42.68 million people / Year 2025 / Source Travel Industry in Numbers 2024, Japan Association of Travel Agents |
| Risks identified | Risk of decline in the golf market, Risk of decline in the solo booking market, Risk of decline in the golf equipment market, Risk of competitors taking market share from the group, Risks arising from changes in the external environment, Risk that expansion and monetization of business areas will not progress as expected, Risk of contingent liabilities arising after an acquisition, Risk that an acquisition will not produce the expected results, Risk of losing the founder’s leadership |
| Publication date | 30 April 2026 |
Items this document does not state (13)
Operating profit margin targetNet income targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planDate 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 revenue recognition standard was applied from the fiscal year ended January 2023, resulting in a significant change in the method of recording net sales. Accordingly, the achievement date for the ¥10 billion consolidated net sales target under the new standard was set as the fiscal year ending January 2028. The target under the former revenue recognition standard was the fiscal year ending January 2027, and the company states that there has been no change from the growth strategy announced in prior fiscal years.
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