Worth reading
54Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet SalesNot disclosed → ¥120.0 million
Operating profitNot disclosed → ¥20.0 million
ROENot disclosed → 15% or higher
Only the target level is shown because the current level for comparison was not provided.What happened to the previous plan14.9% (target CAGR for operating profit under the medium-term management plan) → 18.5% (year-on-year growth in operating profit for the fiscal year ended March 2026)+13,497.3%Calculated from the two disclosed figures
Investment amount by sectorField Advertising / Amount ¥26 million / Timing Fiscal year ending March 2027 (planned), Field Investment in Human Resources / Amount ¥90 million / Timing Fiscal year ending March 2027 (planned), Field Development Investment / Amount ¥91 million / Timing Fiscal year ending March 2027 (planned)
Statements about the use of capital
Payout ratio / DOE policyThe Company will pay stable and continuous dividends with a target payout ratio of 50%. The applicable period is the plan period, beginning with the fiscal year ending March 2026.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 will acquire treasury shares as a flexible financial measure in response to the management environment. The acquisition of 32,000 shares was completed in the fiscal year ended March 2026.
Self-assessment of PBR and share priceThe Company will work to increase PBR, which is calculated as ROE × PER. It aims to raise expected growth rates by clarifying its growth strategy and utilizing M&A, among other measures, and to lower the cost of shareholders’ equity.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Expand the value provided from “searching” to “consulting”
02Expand the business scope from “finding a room” to “housing in general”
03Continuously strengthen the platform’s customer acquisition capabilities
04Building an ID Infrastructure and Launching a Membership Business
05Accelerate the use of generative AI and other technologies
06Advance initiatives aimed at discontinuous growth
Size of the Target MarketMarket Real estate advertising market / Scale Approximately ¥220 billion / Source Company estimate based on Dentsu’s “Advertising Expenditures in Japan 2025”, Market Real estate-related market / Scale Approximately ¥37 trillion, including the approximately ¥7.2 trillion renovation market / Source Company estimate based on the Statistics Bureau of Japan’s “Monthly Survey on Service Industries” and other sources, Market Renovation Market / Scale Approximately ¥7.2 trillion / Source Yano Research Institute, “2025 Survey of the Housing Renovation Market”
Risks identified by the company
Market: Slower growth in the advertising and internet markets and the real estate, human resources and leisure markets, and reductions in advertising budgets by business partners
Platform: Changes to the rules or search algorithms of application stores and search service providers, and a decline in customer acquisition through search
Business partners: Changes in the business and operating environments of business partners, relationships between business partners, and business schemes
M&A and business alliances: Failure to realize synergies, increased integration work and costs, and delays in business development
Systems: Cloud or network failures, serious human error, and service outages
Technological innovation: Loss of opportunities to launch services and generate revenue due to delays in responding to the latest technological trends and competitors
The items “Competition” and “New businesses,” which were included in the previous year, are not included this time.
| Item | Details |
|---|---|
| Plan name | XPANSION 2030 |
| Plan period | Fiscal years ending March 2026 to March 2030 |
| Progress against the plan | Annual update |
| Sales Target | Not disclosed → ¥120.0 million |
| Operating profit target | Not disclosed → ¥20.0 million |
| ROE target | Not disclosed → 15% or higher |
| Payout ratio / DOE policy | The Company will pay stable and continuous dividends with a target payout ratio of 50%. The applicable period is the plan period, beginning with the fiscal year ending March 2026. |
| Treasury share acquisition policy | The Company will acquire treasury shares as a flexible financial measure in response to the management environment. The acquisition of 32,000 shares was completed in the fiscal year ended March 2026. |
| Self-assessment of PBR and share price | The Company will work to increase PBR, which is calculated as ROE × PER. It aims to raise expected growth rates by clarifying its growth strategy and utilizing M&A, among other measures, and to lower the cost of shareholders’ equity. |
| Investment amount by sector | Field Advertising / Amount ¥26 million / Timing Fiscal year ending March 2027 (planned), Field Investment in Human Resources / Amount ¥90 million / Timing Fiscal year ending March 2027 (planned), Field Development Investment / Amount ¥91 million / Timing Fiscal year ending March 2027 (planned) |
| Key initiatives | Expand the value provided from “searching” to “consulting”, Expand the business scope from “finding a room” to “housing in general”, Continuously strengthen the platform’s customer acquisition capabilities, Building an ID Infrastructure and Launching a Membership Business, Accelerate the use of generative AI and other technologies, Advance initiatives aimed at discontinuous growth |
| Results under the previous plan | 14.9% (target CAGR for operating profit under the medium-term management plan) → 18.5% (year-on-year growth in operating profit for the fiscal year ended March 2026) |
| Size of the Target Market | Market Real estate advertising market / Scale Approximately ¥220 billion / Source Company estimate based on Dentsu’s “Advertising Expenditures in Japan 2025”, Market Real estate-related market / Scale Approximately ¥37 trillion, including the approximately ¥7.2 trillion renovation market / Source Company estimate based on the Statistics Bureau of Japan’s “Monthly Survey on Service Industries” and other sources, Market Renovation Market / Scale Approximately ¥7.2 trillion / Source Yano Research Institute, “2025 Survey of the Housing Renovation Market” |
| Risks identified | Market: Slower growth in the advertising and internet markets and the real estate, human resources and leisure markets, and reductions in advertising budgets by business partners, Platform: Changes to the rules or search algorithms of application stores and search service providers, and a decline in customer acquisition through search, Business partners: Changes in the business and operating environments of business partners, relationships between business partners, and business schemes, M&A and business alliances: Failure to realize synergies, increased integration work and costs, and delays in business development, Systems: Cloud or network failures, serious human error, and service outages, Technological innovation: Loss of opportunities to launch services and generate revenue due to delays in responding to the latest technological trends and competitors, The items “Competition” and “New businesses,” which were included in the previous year, are not included this time. |
| Publication date | 29 June 2026 |
Items this document does not state (10)
Operating profit margin targetNet income targetROIC targetCost of capitalTotal investment planSegment targetNon-financial targetsPlan assumptionsReason 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.To pursue a certain rate of growth in the fiscal year ending March 2027 while making growth investments to achieve the medium-term management plan.
How to read this page
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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.