Worth reading
41Recurring
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
-6
Year-on-year change in operating revenue (%)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales-6.2%
基準 4,477Target4,200million
Operating profit-37.4%
基準 735Target460million
Operating profit margin-5.0pt
基準 16Target11％
Net income for the current fiscal year-78.5%
基準 1,443Target310million
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 revenue 4,970 / Operating profit 1,000 / Net income 1,540 → Operating revenue 4,477 / Operating profit 735 / Net income 1,443（Operating revenue -10% / Operating profit -27% / Net income -6%）
Statements about the use of capital
Payout ratio / DOE policyThe company plans to provide stable and sustained shareholder returns, with a focus on the dividend on equity ratio. For the fiscal year ending August 2027, it forecasts a dividend of ¥20 per share and a payout ratio of 61%. Applicable period: fiscal year ending August 2027The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Enhance the value proposition of the Visit business
02Develop new businesses and diversify revenue
03Sales Initiatives
04Product initiatives
05Improve marketing
06Strengthen the sales organization
07Strengthen products with a focus on empathy and culture-based hiring
08Use of AI
09Develop the mid-sized enterprise market
10Expand benefits
11Expand functionality
12Create new products
Plan assumptionsBased on information currently available to the company and certain assumptions it considers reasonable. Specific numerical assumptions, such as exchange rates and market growth rates, are not disclosed.
Size of the Target MarketUser labor force population 70 million people / Labor force population of small and medium-sized enterprises and large enterprises 37 million people employed by small and medium-sized enterprises and large enterprises / Number of companies 3.6 million companies / Number of small and medium-sized enterprises and large enterprises 520,000 companies / Company share 4.57 million people (12%), 45,000 companies (9%) / Source (1) Statistics Bureau of Japan, Labour Force Survey; (2)(4) Small and Medium Enterprise Agency, Number of Enterprises and Establishments of SMEs, figures excluding small businesses; (3) Statistics Bureau of Japan, Economic Census for Business Frame
Risks identified by the company
Dependence on revenue from specific services
Investment in new businesses
Competition
Responding to technological innovation, including AI
Information security
Display of job listings
Organizational structure and securing and developing human resources
| Item | Details |
|---|---|
| Plan name | Company Plan for the Fiscal Year Ending August 2027 |
| Plan period | Fiscal Year Ending August 2027 (FY27) |
| Progress against the plan | Annual update |
| Sales Target | ¥4,477 million → ¥4,200 million（-6%） |
| Operating profit target | ¥735 million → ¥460 million（-37%） |
| Operating profit margin target | 16 ％ → 11 ％ |
| Net income target | ¥1,443 million → ¥310 million（-79%） |
| Payout ratio / DOE policy | The company plans to provide stable and sustained shareholder returns, with a focus on the dividend on equity ratio. For the fiscal year ending August 2027, it forecasts a dividend of ¥20 per share and a payout ratio of 61%. Applicable period: fiscal year ending August 2027 |
| Plan assumptions | Based on information currently available to the company and certain assumptions it considers reasonable. Specific numerical assumptions, such as exchange rates and market growth rates, are not disclosed. |
| Key initiatives | Enhance the value proposition of the Visit business, Develop new businesses and diversify revenue, Sales Initiatives, Product initiatives, Improve marketing, Strengthen the sales organization, Strengthen products with a focus on empathy and culture-based hiring, Use of AI, Develop the mid-sized enterprise market, Expand benefits, Expand functionality, Create new products |
| Results under the previous plan | Operating revenue 4,970 / Operating profit 1,000 / Net income 1,540 → Operating revenue 4,477 / Operating profit 735 / Net income 1,443（Operating revenue -10% / Operating profit -27% / Net income -6%） |
| Size of the Target Market | User labor force population 70 million people / Labor force population of small and medium-sized enterprises and large enterprises 37 million people employed by small and medium-sized enterprises and large enterprises / Number of companies 3.6 million companies / Number of small and medium-sized enterprises and large enterprises 520,000 companies / Company share 4.57 million people (12%), 45,000 companies (9%) / Source (1) Statistics Bureau of Japan, Labour Force Survey; (2)(4) Small and Medium Enterprise Agency, Number of Enterprises and Establishments of SMEs, figures excluding small businesses; (3) Statistics Bureau of Japan, Economic Census for Business Frame |
| Risks identified | Dependence on revenue from specific services, Investment in new businesses, Competition, Responding to technological innovation, including AI, Information security, Display of job listings, Organizational structure and securing and developing human resources |
| Publication date | 14 October 2026 |
Items this document does not state (11)
ROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsReason for revision or withdrawalDate 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 cited the continuing decline in new orders for Visit and deterioration in marketing efficiency, as well as upfront investment to drive revenue growth. The decline in net income was attributed to the impact of the absence of the relocation compensation recorded as extraordinary income in the previous fiscal year.
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.