Worth reading
70In focus
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
150
¥100 million (target market capitalization)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales-1,970.0pt
基準 4,000Target2,030million (CAGR in %)
Operating profit+1.0pt
基準 2,027Target2,028million (operating margin in %)
Operating profit margin+1.0pt
基準 2,027Target2,028％
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).
Net income for the current fiscal yearNot disclosed → 50 (forecast for the fiscal year ending March 2027)
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planRevenue of ¥4,000 million and operating profit of ¥800 million (fiscal year ending March 2027, current medium-term management plan) → Revenue of ¥1,758 million and operating loss of ¥409 million (actual results for the fiscal year ended March 2026)-49.4%Calculated from the two disclosed figures
Total investment planFor BIG ADVANCE GLOBAL, the Company initially planned an investment of ¥500 million over three years and, following the change, made an initial investment of ¥349 million. The total investment under the new medium-term management plan is Not disclosed.
Investment amount by sectorField BIG ADVANCE GLOBAL / Amount Initial investment of ¥349 million. Two-thirds of the investment amount will be covered by subsidies, with the Company bearing the remaining one-third.
Statements about the use of capital
Payout ratio / DOE policyThe Company will prioritize generating stable cash flow and achieving sustained business growth, and will return value through dividends once it reaches a stage where it can generate cash steadily even while making business investments. Numerical targets and the applicable period are 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 policyThe Company intends to proceed with share repurchases while monitoring market conditions. The repurchase limit, timing and terms are Not disclosed.
Key initiatives
01AI Agent Strategy
02Global Strategy
03Financial DX Strategy
04M&A Strategy
Plan assumptionsThe working population is forecast to decline by approximately 6.62 million by 2035., The top challenge for small and medium-sized enterprises is a shortage of human resources (53.1%)., 3.36 million small and medium-sized enterprises in Japan (Statistics Bureau of Japan, “2021 Economic Census”)., Approximately 3 million small and medium-sized enterprises in Thailand (Office of Small and Medium Enterprises Promotion (OSMEP), Situation Report of MSMEs 2023)., Approximately 70 million enterprises across ASEAN (Asian Development Bank (ADB), Realizing the Potential of Over 71 Million MSMEs in Southeast Asia)., The generative AI market for domestic financial institutions is expected to reach ¥150 billion in 2030 (Nikkei BP, “Financial DX Market Forecast Report 2026-2030”)., The subsidy rate under the Global South subsidy program is up to two-thirds of eligible expenses.
Size of the Target Market3.36 million small and medium-sized enterprises in Japan, approximately 3 million in Thailand and approximately 70 million across ASEAN. The generative AI market for domestic financial institutions is expected to reach ¥150 billion in 2030. Sources: Statistics Bureau of Japan, “2021 Economic Census”; OSMEP; ADB; and Nikkei BP, “Financial DX Market Forecast Report 2026-2030.”
Risks identified by the company
A decline in the number of financial institutions introducing Big Advance and the number of member companies
New customer acquisition failing to exceed improvements in the churn rate
Changes to subsidy programs and a decline in the number of approved subsidy applications
A decline in small and medium-sized enterprises’ willingness to invest in equipment due to external factors, including the Trump tariffs
Business launch risks associated with overseas expansion and expansion into Thailand
Contraction of the domestic market due to population decline and a decrease in the number of domestic companies
Reason for revision or withdrawal
Achieving the plan’s 20% CAGR for the fiscal year ending March 2027 has become difficult. From the fiscal year ended March 2023 to the fiscal year ended March 2026, the number of financial institutions introducing Big Advance declined from 84 to 76, and the Company was unable to increase the number of member companies or improve ARPA. The Company determined that it needed to implement the above solutions promptly and will implement the new medium-term management plan from the fiscal year ending March 2027.
| Item | Details |
|---|---|
| Plan name | New Medium-Term Management Plan, “Scale Up” |
| Plan period | Fiscal year ending March 2027 to fiscal year ending March 2030 |
| Progress against the plan | Formulated |
| Sales Target | 4,000 (fiscal year ending March 2027, current medium-term management plan) → 2,000 (forecast for the fiscal year ending March 2027). The plan states a target of 18.7% revenue CAGR over the four years through the fiscal year ending March 2030 and sustained growth of 20% or more in revenue CAGR.（▲50.0% (versus the fiscal year ending March 2027)） |
| Operating profit target | 800 (fiscal year ending March 2027, current medium-term management plan) → 80 (forecast for the fiscal year ending March 2027). The plan states a target of a renewed growth phase with a 20% operating margin from the fiscal year ending March 2028 onward.（▲90.0% (versus the fiscal year ending March 2027)） |
| Operating profit margin target | 20% (fiscal year ending March 2027, current medium-term management plan) → 4.0% (forecast for the fiscal year ending March 2027); a target of 20% from the fiscal year ending March 2028 onward（▲80.0% (versus the fiscal year ending March 2027)） |
| Net income target | Not disclosed → 50 (forecast for the fiscal year ending March 2027) |
| Payout ratio / DOE policy | The Company will prioritize generating stable cash flow and achieving sustained business growth, and will return value through dividends once it reaches a stage where it can generate cash steadily even while making business investments. Numerical targets and the applicable period are Not disclosed. |
| Treasury share acquisition policy | The Company intends to proceed with share repurchases while monitoring market conditions. The repurchase limit, timing and terms are Not disclosed. |
| Total investment plan | For BIG ADVANCE GLOBAL, the Company initially planned an investment of ¥500 million over three years and, following the change, made an initial investment of ¥349 million. The total investment under the new medium-term management plan is Not disclosed. |
| Investment amount by sector | Field BIG ADVANCE GLOBAL / Amount Initial investment of ¥349 million. Two-thirds of the investment amount will be covered by subsidies, with the Company bearing the remaining one-third. |
| Plan assumptions | The working population is forecast to decline by approximately 6.62 million by 2035., The top challenge for small and medium-sized enterprises is a shortage of human resources (53.1%)., 3.36 million small and medium-sized enterprises in Japan (Statistics Bureau of Japan, “2021 Economic Census”)., Approximately 3 million small and medium-sized enterprises in Thailand (Office of Small and Medium Enterprises Promotion (OSMEP), Situation Report of MSMEs 2023)., Approximately 70 million enterprises across ASEAN (Asian Development Bank (ADB), Realizing the Potential of Over 71 Million MSMEs in Southeast Asia)., The generative AI market for domestic financial institutions is expected to reach ¥150 billion in 2030 (Nikkei BP, “Financial DX Market Forecast Report 2026-2030”)., The subsidy rate under the Global South subsidy program is up to two-thirds of eligible expenses. |
| Key initiatives | AI Agent Strategy, Global Strategy, Financial DX Strategy, M&A Strategy |
| Results under the previous plan | Revenue of ¥4,000 million and operating profit of ¥800 million (fiscal year ending March 2027, current medium-term management plan) → Revenue of ¥1,758 million and operating loss of ¥409 million (actual results for the fiscal year ended March 2026) |
| Reason for revision or withdrawal | Achieving the plan’s 20% CAGR for the fiscal year ending March 2027 has become difficult. From the fiscal year ended March 2023 to the fiscal year ended March 2026, the number of financial institutions introducing Big Advance declined from 84 to 76, and the Company was unable to increase the number of member companies or improve ARPA. The Company determined that it needed to implement the above solutions promptly and will implement the new medium-term management plan from the fiscal year ending March 2027. |
| Size of the Target Market | 3.36 million small and medium-sized enterprises in Japan, approximately 3 million in Thailand and approximately 70 million across ASEAN. The generative AI market for domestic financial institutions is expected to reach ¥150 billion in 2030. Sources: Statistics Bureau of Japan, “2021 Economic Census”; OSMEP; ADB; and Nikkei BP, “Financial DX Market Forecast Report 2026-2030.” |
| Risks identified | A decline in the number of financial institutions introducing Big Advance and the number of member companies, New customer acquisition failing to exceed improvements in the churn rate, Changes to subsidy programs and a decline in the number of approved subsidy applications, A decline in small and medium-sized enterprises’ willingness to invest in equipment due to external factors, including the Trump tariffs, Business launch risks associated with overseas expansion and expansion into Thailand, Contraction of the domestic market due to population decline and a decrease in the number of domestic companies |
| Publication date | 12 June 2026 |
Items this document does not state (7)
ROE targetROIC targetCost of capitalSelf-assessment of PBR and share priceSegment targetNon-financial targetsDate 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.Achieving the previous plan’s 20% revenue CAGR for the fiscal year ending March 2027 became difficult as growth slowed due to factors including declines in the number of financial institutions introducing Big Advance and the number of member companies, as well as delays in improving ARPA. The Company determined that it needed to implement measures to resolve these issues promptly and achieve a new phase of growth.
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