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
40
¥100 million (2028 revenue target)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales-31.4%
基準 2,956Target2,028million / ¥100 million
Operating profit+0.1%
基準 2,026Target2,028million / ¥100 million
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.
What happened to the previous planCommitment at listing (earnings forecast) → Fiscal year ended December 2025 results: revenue of ¥2,459 million, operating profit of ¥523 million, ordinary profit of ¥508 million, and net income of ¥342 million
Total investment plan¥2,000 million (growth investments)
Investment amount by sectorField Human Capital Investment / Amount Not disclosed, Field Software Development Investment / Amount Not disclosed, Field Strategic M&A investment / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyDividend payout ratio of 65% (¥270 million). The applicable period is Not disclosed.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 of ¥260 million. The timing and conditions are Not disclosed.
Key initiatives
01Strengthen direct sales (expand headcount)
02Promote partner collaboration
03Improve direct-sales productivity
04Expand partner collaboration
05Deepen focus on specific industries and expand horizontally
06Expand distribution channels
07Integrate multiple channels
08Integrate external data
09Develop new businesses (ongoing)
10Acquire new customers
11Acquire existing stores that have not yet adopted the service
12Sales integration
13Industry-specific partnerships
14Expand the product offering
15External Partnerships
16Data Utilization
17Investment support
18M&A Strategy
19Group Synergies
Plan assumptionsBase growth CAGR of 25% (2022–2025 CAGR of 50%) and upside growth CAGR of 40%.
Non-financial targetsIndicator Customer Base / Target value 24,000 stores / Timing 2028, Indicator Average Revenue per Customer / Target value ¥16,000 / Timing 2028
Size of the Target MarketThe customer engagement DX market was ¥505.1 billion in 2023 and is forecast to reach ¥945.1 billion in 2030, or 1.8 times its 2023 size. Source: Fuji Chimera Research Institute, “2025 Future Outlook for the Digital Transformation Market.” There are 2.83 million stores in Japan, of which 720,000 are core target stores. Source for the 2.83 million stores: Statistics Bureau of Japan, “2021 Number of Private Establishments and Persons Engaged by Major Industry.”
Risks identified by the company
Changes in regulations and other matters concerning major social media platforms
Regulatory requirements under laws and regulations
The competitiveness of the company’s services
Risks associated with changes in the use of funds
Securing human resources
System failures
| Item | Details |
|---|---|
| Plan name | Medium-Term Vision |
| Plan period | 2026–2028 |
| Progress against the plan | Annual update |
| Sales Target | ¥2,956 million (forecast for the fiscal year ending December 2026) → ¥4 billion (2028) |
| Operating profit target | ¥640 million (forecast for the fiscal year ending December 2026) → ¥1 billion (2028) |
| Payout ratio / DOE policy | Dividend payout ratio of 65% (¥270 million). The applicable period is Not disclosed. |
| Treasury share acquisition policy | Share repurchases of ¥260 million. The timing and conditions are Not disclosed. |
| Total investment plan | ¥2,000 million (growth investments) |
| Investment amount by sector | Field Human Capital Investment / Amount Not disclosed, Field Software Development Investment / Amount Not disclosed, Field Strategic M&A investment / Amount Not disclosed |
| Non-financial targets | Indicator Customer Base / Target value 24,000 stores / Timing 2028, Indicator Average Revenue per Customer / Target value ¥16,000 / Timing 2028 |
| Plan assumptions | Base growth CAGR of 25% (2022–2025 CAGR of 50%) and upside growth CAGR of 40%. |
| Key initiatives | Strengthen direct sales (expand headcount), Promote partner collaboration, Improve direct-sales productivity, Expand partner collaboration, Deepen focus on specific industries and expand horizontally, Expand distribution channels, Integrate multiple channels, Integrate external data, Develop new businesses (ongoing), Acquire new customers, Acquire existing stores that have not yet adopted the service, Sales integration, Industry-specific partnerships, Expand the product offering, External Partnerships, Data Utilization, Investment support, M&A Strategy, Group Synergies |
| Results under the previous plan | Commitment at listing (earnings forecast) → Fiscal year ended December 2025 results: revenue of ¥2,459 million, operating profit of ¥523 million, ordinary profit of ¥508 million, and net income of ¥342 million |
| Size of the Target Market | The customer engagement DX market was ¥505.1 billion in 2023 and is forecast to reach ¥945.1 billion in 2030, or 1.8 times its 2023 size. Source: Fuji Chimera Research Institute, “2025 Future Outlook for the Digital Transformation Market.” There are 2.83 million stores in Japan, of which 720,000 are core target stores. Source for the 2.83 million stores: Statistics Bureau of Japan, “2021 Number of Private Establishments and Persons Engaged by Major Industry.” |
| Risks identified | Changes in regulations and other matters concerning major social media platforms, Regulatory requirements under laws and regulations, The competitiveness of the company’s services, Risks associated with changes in the use of funds, Securing human resources, System failures |
Items this document does not state (10)
Operating profit margin targetNet income targetROE targetROIC targetCost of capitalSelf-assessment of PBR and share priceSegment targetReason for revision or withdrawalDate of board resolutionPublication date
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 cites growth in the number of customers, higher average revenue per customer, and M&A and group synergies as growth drivers. No reason is provided for revising or withdrawing the plan.
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.