Worth reading
74In 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
6034
¥ million (increase in revenue from the fiscal year ending June 2026)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+71.6%
基準 8,427Target14,461million
Operating profit+0.2%
基準 2,026Target2,030million
Operating profit margin+4.0pt
基準 2,026Target2,030%; percentage points
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 ¥9,612 million, EBITDA ¥753 million, EBITDA margin 7.84% (FY26 plan) → Revenue ¥8,427 million, EBITDA ¥294 million, EBITDA margin 3.49% (FY26 actual results)（Revenue achievement rate: 87.7%; EBITDA achievement rate: 39.0%; EBITDA margin achievement rate: 44.5%）-12.3%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyNo dividend for the time being. Dividends will be considered if surplus funds become available. The applicable period is the foreseeable future.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 policyShare repurchases will be conducted flexibly depending on the share price level. They will be carried out when the company determines that its share price is below intrinsic value.
Key initiatives
01① Expansion of the areas addressed
02② Expansion of BLAS and promotion of its conversion into BPaaS
03③ Transformation of the management foundation through company-wide AX
04④ Branding and marketing
05⑤ Promotion of M&A
Plan assumptionsThe plan assumes organic growth through growth in existing businesses and improvements in profitability and productivity. The outlook is based on information currently available and certain assumptions that the company considers reasonable.
Segment targetSegment IoT / Latest results ¥2,790 million (FY26) / Target for the final year ¥7,308 million (FY30) / Growth rate CAGR 27.2%, Segment Network / Latest results ¥5,612 million (FY26) / Target for the final year ¥6,633 million (FY30) / Growth rate CAGR 4.3%, Segment SaaS / Latest results ¥23 million (FY26) / Target for the final year ¥520 million (FY30) / Growth rate CAGR 116.0%
Size of the Target MarketFigures Cloud cameras: 547,500 units (2024) → 1.31 million units (2029), approximately 2.4 times, EV chargers: 68,000 charging ports (2024) → 300,000 (2030), approximately 4.4 times, Smart water meters in Tokyo: 130,000 units (2024) → 7.8 million units (2030), approximately 60 times, Flood-monitoring water-level gauges: 9,300 units in 2025; replacement and performance upgrades, as well as new installations and replacements, are entering full swing, Working-age population: 86.22 million (2000) → 73.54 million (2025), Percentage of companies experiencing labor shortages: regular employees, 53.4%; non-regular employees, 30.6% (2025), Job-offers-to-applicants ratio: 0.59x (2000) → 1.22x (2025) / Source Statistics Bureau of Japan, “Population Estimates”, Cabinet Office, “The Implications of Population Aging and Decline”, Teikoku Databank, “Survey of Corporate Trends Regarding Labor Shortages (January 2025)”, Ministry of Health, Labour and Welfare, “Employment Referrals for General Workers (Employment Security Statistics),” long-term time-series tables, Yano Research Institute, "Survey of the Domestic Surveillance Camera/System Market (2024)", Ministry of Economy, Trade and Industry, "Initiatives to Promote the Development of Charging Infrastructure", Ministry of Land, Infrastructure, Transport and Tourism, "Promoting the Introduction of Smart Meters in the Water Supply Sector", Ministry of Land, Infrastructure, Transport and Tourism, "Guide to the Installation of Flood-Monitoring Water-Level Gauges (Draft)"
Risks identified by the company
Changes in domestic and international economic conditions
Trends in the industries in which the company operates
Known and unknown risks and uncertainties
Reason for revision or withdrawal
The mobile business contracted substantially more than planned. Although the IoT business continued to grow, it did not reach the level initially anticipated. In terms of earnings, growth in the IoT business was insufficient to offset the decline in high-margin mobile stock-based projects, resulting in a lower gross profit margin. In addition, IoT services have a high proportion of project-based work centered on construction and installation, and the company did not make sufficient progress in building an earnings structure capable of converting revenue growth into sustained profit growth.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2030 |
| Plan period | From the fiscal year ending June 2027 through the fiscal year ending June 2030 |
| Progress against the plan | Formulated |
| Sales Target | 8,427 (actual for the fiscal year ending June 2026) → 14,461 (target for the fiscal year ending June 2030)（+71.6% (vs. FY26)） |
| Operating profit target | 216 (actual for the fiscal year ending June 2026) → 1,248 (target for the fiscal year ending June 2030)（+55.0%（CAGR）） |
| Operating profit margin target | 2.6% (actual for the fiscal year ending June 2026) → 8.9% (target for the fiscal year ending June 2030) |
| Payout ratio / DOE policy | No dividend for the time being. Dividends will be considered if surplus funds become available. The applicable period is the foreseeable future. |
| Treasury share acquisition policy | Share repurchases will be conducted flexibly depending on the share price level. They will be carried out when the company determines that its share price is below intrinsic value. |
| Segment target | Segment IoT / Latest results ¥2,790 million (FY26) / Target for the final year ¥7,308 million (FY30) / Growth rate CAGR 27.2%, Segment Network / Latest results ¥5,612 million (FY26) / Target for the final year ¥6,633 million (FY30) / Growth rate CAGR 4.3%, Segment SaaS / Latest results ¥23 million (FY26) / Target for the final year ¥520 million (FY30) / Growth rate CAGR 116.0% |
| Plan assumptions | The plan assumes organic growth through growth in existing businesses and improvements in profitability and productivity. The outlook is based on information currently available and certain assumptions that the company considers reasonable. |
| Key initiatives | ① Expansion of the areas addressed, ② Expansion of BLAS and promotion of its conversion into BPaaS, ③ Transformation of the management foundation through company-wide AX, ④ Branding and marketing, ⑤ Promotion of M&A |
| Results under the previous plan | Revenue ¥9,612 million, EBITDA ¥753 million, EBITDA margin 7.84% (FY26 plan) → Revenue ¥8,427 million, EBITDA ¥294 million, EBITDA margin 3.49% (FY26 actual results)（Revenue achievement rate: 87.7%; EBITDA achievement rate: 39.0%; EBITDA margin achievement rate: 44.5%） |
| Reason for revision or withdrawal | The mobile business contracted substantially more than planned. Although the IoT business continued to grow, it did not reach the level initially anticipated. In terms of earnings, growth in the IoT business was insufficient to offset the decline in high-margin mobile stock-based projects, resulting in a lower gross profit margin. In addition, IoT services have a high proportion of project-based work centered on construction and installation, and the company did not make sufficient progress in building an earnings structure capable of converting revenue growth into sustained profit growth. |
| Size of the Target Market | Figures Cloud cameras: 547,500 units (2024) → 1.31 million units (2029), approximately 2.4 times, EV chargers: 68,000 charging ports (2024) → 300,000 (2030), approximately 4.4 times, Smart water meters in Tokyo: 130,000 units (2024) → 7.8 million units (2030), approximately 60 times, Flood-monitoring water-level gauges: 9,300 units in 2025; replacement and performance upgrades, as well as new installations and replacements, are entering full swing, Working-age population: 86.22 million (2000) → 73.54 million (2025), Percentage of companies experiencing labor shortages: regular employees, 53.4%; non-regular employees, 30.6% (2025), Job-offers-to-applicants ratio: 0.59x (2000) → 1.22x (2025) / Source Statistics Bureau of Japan, “Population Estimates”, Cabinet Office, “The Implications of Population Aging and Decline”, Teikoku Databank, “Survey of Corporate Trends Regarding Labor Shortages (January 2025)”, Ministry of Health, Labour and Welfare, “Employment Referrals for General Workers (Employment Security Statistics),” long-term time-series tables, Yano Research Institute, "Survey of the Domestic Surveillance Camera/System Market (2024)", Ministry of Economy, Trade and Industry, "Initiatives to Promote the Development of Charging Infrastructure", Ministry of Land, Infrastructure, Transport and Tourism, "Promoting the Introduction of Smart Meters in the Water Supply Sector", Ministry of Land, Infrastructure, Transport and Tourism, "Guide to the Installation of Flood-Monitoring Water-Level Gauges (Draft)" |
| Risks identified | Changes in domestic and international economic conditions, Trends in the industries in which the company operates, Known and unknown risks and uncertainties |
| Date of board resolution | 14 August 2026 |
| Publication date | 14 August 2026 |
Items this document does not state (8)
Net income targetROE targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorNon-financial targets
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 recognizes that business opportunities will expand further as labor shortages become more severe, labor-saving and digitalization progress, and the social implementation of IoT expands. It aims to use these trends as growth opportunities to achieve sustainable growth and enhance corporate value over the medium to long term.
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.