Worth reading
63In 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
300
¥ million (increase in the revenue target for the fiscal year ending December 2026)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+5.3%
基準 5,700Target6,000million
Operating profit+31.8%
基準 1,215Target1,601million
Operating profit margin+5.4pt
基準 21.3Target26.7%
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 planRevenue: ¥4,300 million for the fiscal year ending December 2024, ¥4,950 million for the fiscal year ending December 2025 / Operating profit: ¥573 million for the fiscal year ending December 2024, ¥953 million for the fiscal year ending December 2025 / Operating margin: 13.3%, 19.3% → Revenue: ¥4,376 million for the fiscal year ending December 2024, ¥5,370 million for the fiscal year ending December 2025 / Operating profit: ¥729 million for the fiscal year ending December 2024, ¥1,521 million for the fiscal year ending December 2025 / Operating margin: 16.7%, 28.3%（Revenue: +1.8%, +8.5% / Operating profit: +27.2%, +59.6% / Operating margin: +25.6%, +46.6%）+8.5%Calculated from the two disclosed figures
Key initiatives
01Accelerate product feature development toward an all-in-one HRM solution
02Migrate from the legacy product "Kinjiro Enterprise" to the cloud-based "Universal Kinjiro"
03Pricing strategy
04Expand services for employees (BtoE) and develop services for consumers (BtoC)
05Strengthen product capabilities and expand the value of Universal Kinjiro
06Develop sales models and scale through certified partners
Non-financial targetsIndicator name Number of cloud subscription licenses / Target value 994,831 people / Timing Fiscal year ending December 2026, Indicator name Cloud licenses / Target value 1 million / Timing Fiscal 2027 onward
Size of the Target MarketStandard FY2024 / Market Field Employment management / Market Size ¥30.3 billion / CAGR 8.5%, Field Human resources and payroll management / Market Size ¥56.3 billion / CAGR 13.4%, Field Talent Management / Market Size ¥49.8 billion / CAGR 13.1%, Field Labor Management / Market Size ¥31 billion / CAGR 25.6%, Field Corporate health management (BtoB) / Market Size ¥13.9 billion / CAGR 7.6%, Field Corporate health management (BtoBtoE) / Market Size ¥2.9 billion / CAGR 18.1%, Field Groupware / Market Size ¥16.4 billion / CAGR 12.5%, Field Expense reimbursement / Market Size ¥45.6 billion / CAGR 12.5% / Source New Software Business Markets 2025 (Fuji Keizai Co., Ltd.), Comprehensive Survey of Wearable and Healthcare Businesses 2024 (Fuji Keizai Co., Ltd.)
Risks identified by the company
Economic conditions
Technological innovation and the competitive environment
Dependence on specific products
Research and development of new products and other offerings
System failures
Securing human resources
Reason for revision or withdrawal
To accelerate growth in the cloud business, the company will systematically expand upfront investment, centered on product development. To achieve the target of 1 million cloud licenses planned for fiscal 2027 and beyond, it plans to gradually increase investment and expenses related to cloud infrastructure from fiscal 2025 onward.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Plan period | Fiscal years ending December 2024 to December 2026 |
| Progress against the plan | Partially revised |
| Sales Target | ¥5,700 million → ¥6,000 million（+5.3%） |
| Operating profit target | ¥1,215 million → ¥1,601 million（+31.8%） |
| Operating profit margin target | 21.3 % → 26.7 %（+25.4%） |
| Non-financial targets | Indicator name Number of cloud subscription licenses / Target value 994,831 people / Timing Fiscal year ending December 2026, Indicator name Cloud licenses / Target value 1 million / Timing Fiscal 2027 onward |
| Key initiatives | Accelerate product feature development toward an all-in-one HRM solution, Migrate from the legacy product "Kinjiro Enterprise" to the cloud-based "Universal Kinjiro", Pricing strategy, Expand services for employees (BtoE) and develop services for consumers (BtoC), Strengthen product capabilities and expand the value of Universal Kinjiro, Develop sales models and scale through certified partners |
| Results under the previous plan | Revenue: ¥4,300 million for the fiscal year ending December 2024, ¥4,950 million for the fiscal year ending December 2025 / Operating profit: ¥573 million for the fiscal year ending December 2024, ¥953 million for the fiscal year ending December 2025 / Operating margin: 13.3%, 19.3% → Revenue: ¥4,376 million for the fiscal year ending December 2024, ¥5,370 million for the fiscal year ending December 2025 / Operating profit: ¥729 million for the fiscal year ending December 2024, ¥1,521 million for the fiscal year ending December 2025 / Operating margin: 16.7%, 28.3%（Revenue: +1.8%, +8.5% / Operating profit: +27.2%, +59.6% / Operating margin: +25.6%, +46.6%） |
| Reason for revision or withdrawal | To accelerate growth in the cloud business, the company will systematically expand upfront investment, centered on product development. To achieve the target of 1 million cloud licenses planned for fiscal 2027 and beyond, it plans to gradually increase investment and expenses related to cloud infrastructure from fiscal 2025 onward. |
| Size of the Target Market | Standard FY2024 / Market Field Employment management / Market Size ¥30.3 billion / CAGR 8.5%, Field Human resources and payroll management / Market Size ¥56.3 billion / CAGR 13.4%, Field Talent Management / Market Size ¥49.8 billion / CAGR 13.1%, Field Labor Management / Market Size ¥31 billion / CAGR 25.6%, Field Corporate health management (BtoB) / Market Size ¥13.9 billion / CAGR 7.6%, Field Corporate health management (BtoBtoE) / Market Size ¥2.9 billion / CAGR 18.1%, Field Groupware / Market Size ¥16.4 billion / CAGR 12.5%, Field Expense reimbursement / Market Size ¥45.6 billion / CAGR 12.5% / Source New Software Business Markets 2025 (Fuji Keizai Co., Ltd.), Comprehensive Survey of Wearable and Healthcare Businesses 2024 (Fuji Keizai Co., Ltd.) |
| Risks identified | Economic conditions, Technological innovation and the competitive environment, Dependence on specific products, Research and development of new products and other offerings, System failures, Securing human resources |
| Publication date | 19 March 2026 |
Items this document does not state (12)
Net income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetPlan assumptionsDate 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 plans to systematically expand upfront investment, centered on product development, to accelerate growth in the cloud business, as well as plans to gradually increase investment and expenses related to cloud infrastructure toward achieving the target of 1 million cloud licenses planned for fiscal 2027 and beyond. It also stated that performance has remained well above the initial plan, driven by the contribution of the cloud business.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.