Worth reading
57In 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
110
¥10.0 billion (FY2029 revenue target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+59.1%
基準 6,924Target11,017million
Operating profit+0.1%
基準 2,026Target2,029million
Net income for the current fiscal year+0.1%
基準 2,026Target2,029million
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.
Key initiatives
01Concentrate resources on government-policy-driven investment and security services such as vulnerability assessments and monitoring, and achieve high-value, recurring business through AI-driven development.
02Capture Vietnam's national DX demand and expand from the implementation of core systems for financial institutions, government agencies and other customers to the development and operation of secure AI systems.
03Concentrate resources on specialised fields and upstream processes such as AI governance and security, and establish a human resources services business that cannot be replaced by AI through cross-functional career development.
04Establish stable operations and high profitability by expanding inside sales for products and services, including security services, and sharing the Group's expertise.
Plan assumptionsBased on the organisational structure as of the end of October 2026, without taking new M&A into account, The FY2027 plan for the development field and overseas business reflects highly probable flow projects as of the end of FY2026 and does not assume hardware revenue, which is strongly characterised by spot revenue., The development field and overseas business are assumed to perform steadily from FY2028 onward, driven by rising DX demand linked to Vietnam's economic growth., Revenue and profit from new subsidiaries acquired through M&A are not included in the figures for this plan.
Segment targetSegment Total / FY2029 Revenue ¥11,017 million / FY2029 Segment profit (loss) ¥1,137 million, Segment Development—Japan Business / FY2029 Revenue ¥3,024 million / FY2029 Segment profit (loss) ¥429 million, Segment Development—Overseas Business / FY2029 Revenue ¥4,680 million / FY2029 Segment profit (loss) ¥480 million, Segment Human Resources Segment / FY2029 Revenue ¥3,109 million / FY2029 Segment profit (loss) ¥138 million, Segment AI BPO field / FY2029 Revenue ¥204 million / FY2029 Segment profit (loss) ¥90 million
Non-financial targetsIndicator name Development field and Japan business: number of new flow projects / Target value 108 projects / Timing FY2029, Indicator name Development field and Japan business: number of stock projects / Target value 501 projects / Timing FY2029, Indicator name Development field and overseas business: number of active projects (as of period-end) / Target value 52 projects / Timing FY2029, Indicator name Human resources field: number of active in-house personnel / Target value 833 people / Timing FY2029, Indicator name Human resources field: number of active business partners / Target value 3,628 people / Timing FY2029, Indicator name AI BPO field: total active personnel (annual) / Target value 145 people / Timing FY2029
Size of the Target MarketMarket / Indicators Japan's AI-related investment / Figure ¥33.6 trillion / Source Cabinet Secretariat, "Public-Private Investment Roadmap for Japan's Growth Strategy", Market / Indicators Japan's digital and cybersecurity investment / Figure ¥42.6 trillion / Source Cabinet Secretariat, "Public-Private Investment Roadmap for Japan's Growth Strategy", Market / Indicators Development of AX/DX infrastructure by the national and local governments / Figure ¥7.4 trillion / Source Cabinet Secretariat, "Public-Private Investment Roadmap for Japan's Growth Strategy", Market / Indicators Forecast size of the human resources services market in 2030 / Figure ¥19 trillion / Source Yano Research Institute, "Survey of the Human Resources Services and Outsourcing Market in 2030", Market / Indicators DX market size in 2030 / Figure More than ¥10 trillion / Source Fuji Chimera Research Institute, "IT Investment Trends by Industry / Future Outlook for the DX Market: 2026 Edition, DX Investment", Market / Indicators CAGR of Japan's domestic IT human resources market / Figure 8.9% / Source Not disclosed, Market / Indicators Revenue from Vietnam's digital technology industry / Figure USD 300 billion / Source Government of Vietnam (Prime Minister), Prime Minister's Decision 840/QĐ-TTg, Market / Indicators Size of the non-IT BPO market, including outsourced inside sales / Figure ¥1,937 billion in 2023; ¥2,070 billion in 2029 / Source Yano Research Institute, "Survey of the BPO (Business Process Outsourcing) Market"
Risks identified by the company
Increase in the number of cyberattacks and growing sophistication of attack methods
Decline in simple implementation and testing work and falling unit prices due to the development of generative AI
Growing customer in-house development
Concern over the contraction of labour-month-dependent businesses involving simple implementation and testing in Vietnam
Intensifying Competition
Rising digital marketing prices
Actual results and other outcomes may differ materially from the plan due to various factors
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan (FY2027-FY2029) |
| Plan period | Start year FY2027 / Final year FY2029 |
| Progress against the plan | Formulated |
| Sales Target | 6,924 (FY2026 actual) → 11,017 (FY2029, third year of the plan)（12%（CAGR）） |
| Operating profit target | △484 (FY2026 actual) → 948 (FY2029, third year of the plan)（35%（CAGR）） |
| Net income target | △721 (FY2026 actual) → 593 (FY2029, third year of the plan)（52%（CAGR）） |
| Segment target | Segment Total / FY2029 Revenue ¥11,017 million / FY2029 Segment profit (loss) ¥1,137 million, Segment Development—Japan Business / FY2029 Revenue ¥3,024 million / FY2029 Segment profit (loss) ¥429 million, Segment Development—Overseas Business / FY2029 Revenue ¥4,680 million / FY2029 Segment profit (loss) ¥480 million, Segment Human Resources Segment / FY2029 Revenue ¥3,109 million / FY2029 Segment profit (loss) ¥138 million, Segment AI BPO field / FY2029 Revenue ¥204 million / FY2029 Segment profit (loss) ¥90 million |
| Non-financial targets | Indicator name Development field and Japan business: number of new flow projects / Target value 108 projects / Timing FY2029, Indicator name Development field and Japan business: number of stock projects / Target value 501 projects / Timing FY2029, Indicator name Development field and overseas business: number of active projects (as of period-end) / Target value 52 projects / Timing FY2029, Indicator name Human resources field: number of active in-house personnel / Target value 833 people / Timing FY2029, Indicator name Human resources field: number of active business partners / Target value 3,628 people / Timing FY2029, Indicator name AI BPO field: total active personnel (annual) / Target value 145 people / Timing FY2029 |
| Plan assumptions | Based on the organisational structure as of the end of October 2026, without taking new M&A into account, The FY2027 plan for the development field and overseas business reflects highly probable flow projects as of the end of FY2026 and does not assume hardware revenue, which is strongly characterised by spot revenue., The development field and overseas business are assumed to perform steadily from FY2028 onward, driven by rising DX demand linked to Vietnam's economic growth., Revenue and profit from new subsidiaries acquired through M&A are not included in the figures for this plan. |
| Key initiatives | Concentrate resources on government-policy-driven investment and security services such as vulnerability assessments and monitoring, and achieve high-value, recurring business through AI-driven development., Capture Vietnam's national DX demand and expand from the implementation of core systems for financial institutions, government agencies and other customers to the development and operation of secure AI systems., Concentrate resources on specialised fields and upstream processes such as AI governance and security, and establish a human resources services business that cannot be replaced by AI through cross-functional career development., Establish stable operations and high profitability by expanding inside sales for products and services, including security services, and sharing the Group's expertise. |
| Size of the Target Market | Market / Indicators Japan's AI-related investment / Figure ¥33.6 trillion / Source Cabinet Secretariat, "Public-Private Investment Roadmap for Japan's Growth Strategy", Market / Indicators Japan's digital and cybersecurity investment / Figure ¥42.6 trillion / Source Cabinet Secretariat, "Public-Private Investment Roadmap for Japan's Growth Strategy", Market / Indicators Development of AX/DX infrastructure by the national and local governments / Figure ¥7.4 trillion / Source Cabinet Secretariat, "Public-Private Investment Roadmap for Japan's Growth Strategy", Market / Indicators Forecast size of the human resources services market in 2030 / Figure ¥19 trillion / Source Yano Research Institute, "Survey of the Human Resources Services and Outsourcing Market in 2030", Market / Indicators DX market size in 2030 / Figure More than ¥10 trillion / Source Fuji Chimera Research Institute, "IT Investment Trends by Industry / Future Outlook for the DX Market: 2026 Edition, DX Investment", Market / Indicators CAGR of Japan's domestic IT human resources market / Figure 8.9% / Source Not disclosed, Market / Indicators Revenue from Vietnam's digital technology industry / Figure USD 300 billion / Source Government of Vietnam (Prime Minister), Prime Minister's Decision 840/QĐ-TTg, Market / Indicators Size of the non-IT BPO market, including outsourced inside sales / Figure ¥1,937 billion in 2023; ¥2,070 billion in 2029 / Source Yano Research Institute, "Survey of the BPO (Business Process Outsourcing) Market" |
| Risks identified | Increase in the number of cyberattacks and growing sophistication of attack methods, Decline in simple implementation and testing work and falling unit prices due to the development of generative AI, Growing customer in-house development, Concern over the contraction of labour-month-dependent businesses involving simple implementation and testing in Vietnam, Intensifying Competition, Rising digital marketing prices, Actual results and other outcomes may differ materially from the plan due to various factors |
| Publication date | 13 November 2026 |
Items this document does not state (12)
Operating profit margin targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorResults under the previous planReason for revision or withdrawalDate 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 identified business opportunities in increasingly sophisticated cyber risks, concentrated investment in Japan's DX and AX fields supported by government policy, severe shortages of labour and highly skilled personnel, and growing demand for DX services in Vietnam.
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.