Worth reading
56In 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
12.5
¥100 million (FY27 adjusted EBITDA target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+8.0%
基準 25Target27Hundreds of millions of yen
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.
Net income for the current fiscal year¥130 million (FY25 results) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.Investment amount by sectorField Reinvestment in existing businesses / Amount Not disclosed, Field Disciplined M&A investment / Amount Not disclosed, Field Repayment of Interest-Bearing Debt / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyNo numerical targets were provided for the payout ratio or DOE. The Company stated that it will provide flexible shareholder returns, including dividends and shareholder benefits. 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 policyIf the Company determines that its share price is undervalued, it will consider repurchasing its own shares when high returns are expected. Numerical details regarding the repurchase limit, timing, and conditions are Not disclosed.
Self-assessment of PBR and share priceAs a condition for share repurchases, the Company stated that it may act if it determines that its share price is undervalued. Numerical information such as PBR is Not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Focus on high-value-added businesses
02Asset-light strategy
03The next challenge
04ENECHANGE learns from the future overseas
05ENECHANGE changes tomorrow with AI
06ENECHANGE supports today through switching
07Expand the range of opportunities
08Reduce uncertainty and illuminate the way
09Capture all opportunities and protect what we have
10Roll-up through M&A
11Efficiency gains through AI inspections
12Expand CIS sales
13Expand solar power and battery storage solutions
14Expand assets under management by attracting co-investors
15Apply overseas expertise in Japan
Segment targetSegment SaaS and systems development (CIS) / Sales Target ¥7 billion / Operating profit target ¥2.5 billion / Timing Not disclosed, Segment Electricity switching support / Sales Target Up to ¥7 billion / Operating profit target Not disclosed / Timing FY27
Non-financial targetsIndicator Estimated annual electricity volume handled / Target value 4.3–5.0 billion kWh / Timing FY27, Indicator Estimated annual electricity volume handled / Target value At least 13 billion kWh / Timing Long-Term Targets, Indicator Deployment of CIS in priority markets / Target value 15〜20% / Timing Not disclosed
Size of the Target MarketMarket Electricity Market / Scale Approximately ¥18 trillion / Source Electricity Trading Results Report, Electricity and Gas Market Surveillance Commission, Market TAM for electricity switching fees / Scale More than ¥360 billion / Source Company estimate, based on an electricity market of approximately ¥18 trillion and prevailing electricity switching fees of at least 2%, Market TAM for IT systems budgets / Scale More than ¥180 billion / Source Corporate IT Trends Survey, Japan Users Association for Information Systems, Market IT spending related to electricity CIS / Scale ¥90.0 billion / Source Company estimate and Fuji Keizai data, Market On-site AI/DX-related market / Scale Approximately ¥640 billion / Source Company estimates based on internal calculations for emergency generator inspections and electrical safety, and Fuji Keizai Research Institute statistics for next-generation infrastructure inspections, Market Global grid-scale battery storage / Scale 2025 annual installations of 108 GW and global investment of approximately US$66 billion per year / Source IEA (including Global Energy Review 2026)
Risks identified by the company
Item IT-related risks (including information leaks and system failures) / Impact High / Likelihood High
Item Risk related to dependence on business partners / Impact High / Likelihood High
Item Risk related to changes in the business environment / Impact High / Likelihood Medium
Item Risks related to securing and developing human resources / Impact High / Likelihood Medium
Item Risk related to the management of external contractors / Impact High / Likelihood Medium
Item Risk associated with business expansion and investment / Impact Medium / Likelihood Medium
Item Risk related to fluctuations in business performance / Impact Medium / Likelihood Medium
Item Risk related to compliance with laws and regulations and other compliance matters / Impact Medium / Likelihood Medium
Item Risk related to internal controls / Impact Medium / Likelihood Medium
Reason for revision or withdrawal
A focus on high-value-added businesses, an asset-light strategy, and the next challenge. While achieving steady growth in electricity switching and CIS, the Company will substantially expand its business scale through on-site DX using AI and global expansion.
| Item | Details |
|---|---|
| Plan name | ENECHANGE 2.0 |
| Plan period | FY25–FY27 (also stated as a long-term target from FY28 onward) |
| Progress against the plan | Annual update |
| Sales Target | ¥6.6 billion (FY25 results) → ¥8.3 billion (FY27 plan)（Approximately 25.8%） |
| Net income target | ¥130 million (FY25 results) → Not disclosed |
| Payout ratio / DOE policy | No numerical targets were provided for the payout ratio or DOE. The Company stated that it will provide flexible shareholder returns, including dividends and shareholder benefits. The applicable period is Not disclosed. |
| Treasury share acquisition policy | If the Company determines that its share price is undervalued, it will consider repurchasing its own shares when high returns are expected. Numerical details regarding the repurchase limit, timing, and conditions are Not disclosed. |
| Self-assessment of PBR and share price | As a condition for share repurchases, the Company stated that it may act if it determines that its share price is undervalued. Numerical information such as PBR is Not disclosed. |
| Investment amount by sector | Field Reinvestment in existing businesses / Amount Not disclosed, Field Disciplined M&A investment / Amount Not disclosed, Field Repayment of Interest-Bearing Debt / Amount Not disclosed |
| Segment target | Segment SaaS and systems development (CIS) / Sales Target ¥7 billion / Operating profit target ¥2.5 billion / Timing Not disclosed, Segment Electricity switching support / Sales Target Up to ¥7 billion / Operating profit target Not disclosed / Timing FY27 |
| Non-financial targets | Indicator Estimated annual electricity volume handled / Target value 4.3–5.0 billion kWh / Timing FY27, Indicator Estimated annual electricity volume handled / Target value At least 13 billion kWh / Timing Long-Term Targets, Indicator Deployment of CIS in priority markets / Target value 15〜20% / Timing Not disclosed |
| Key initiatives | Focus on high-value-added businesses, Asset-light strategy, The next challenge, ENECHANGE learns from the future overseas, ENECHANGE changes tomorrow with AI, ENECHANGE supports today through switching, Expand the range of opportunities, Reduce uncertainty and illuminate the way, Capture all opportunities and protect what we have, Roll-up through M&A, Efficiency gains through AI inspections, Expand CIS sales, Expand solar power and battery storage solutions, Expand assets under management by attracting co-investors, Apply overseas expertise in Japan |
| Reason for revision or withdrawal | A focus on high-value-added businesses, an asset-light strategy, and the next challenge. While achieving steady growth in electricity switching and CIS, the Company will substantially expand its business scale through on-site DX using AI and global expansion. |
| Size of the Target Market | Market Electricity Market / Scale Approximately ¥18 trillion / Source Electricity Trading Results Report, Electricity and Gas Market Surveillance Commission, Market TAM for electricity switching fees / Scale More than ¥360 billion / Source Company estimate, based on an electricity market of approximately ¥18 trillion and prevailing electricity switching fees of at least 2%, Market TAM for IT systems budgets / Scale More than ¥180 billion / Source Corporate IT Trends Survey, Japan Users Association for Information Systems, Market IT spending related to electricity CIS / Scale ¥90.0 billion / Source Company estimate and Fuji Keizai data, Market On-site AI/DX-related market / Scale Approximately ¥640 billion / Source Company estimates based on internal calculations for emergency generator inspections and electrical safety, and Fuji Keizai Research Institute statistics for next-generation infrastructure inspections, Market Global grid-scale battery storage / Scale 2025 annual installations of 108 GW and global investment of approximately US$66 billion per year / Source IEA (including Global Energy Review 2026) |
| Risks identified | Item IT-related risks (including information leaks and system failures) / Impact High / Likelihood High, Item Risk related to dependence on business partners / Impact High / Likelihood High, Item Risk related to changes in the business environment / Impact High / Likelihood Medium, Item Risks related to securing and developing human resources / Impact High / Likelihood Medium, Item Risk related to the management of external contractors / Impact High / Likelihood Medium, Item Risk associated with business expansion and investment / Impact Medium / Likelihood Medium, Item Risk related to fluctuations in business performance / Impact Medium / Likelihood Medium, Item Risk related to compliance with laws and regulations and other compliance matters / Impact Medium / Likelihood Medium, Item Risk related to internal controls / Impact Medium / Likelihood Medium |
| Publication date | 22 June 2026 |
Items this document does not state (9)
Operating profit targetOperating profit margin targetROE targetROIC targetCost of capitalTotal investment planPlan assumptionsResults under the previous planDate 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 explained that, through a focus on high-value-added businesses, an asset-light strategy, and its next challenge, it will expand the scale of its business through on-site DX using AI and global expansion, building on electricity switching and CIS.
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.