Worth reading
56In 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
20
Year-on-year growth rate in net sales (%)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+20.0%
基準 6,840Target8,206Millions of yen
Operating profit+90.2%
基準 326Target620Millions of yen
Operating profit margin+2.8pt
基準 4.8Target7.6%
Net income for the current fiscal year+119.3%
基準 187Target410Millions 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. For metrics expressed as percentages, differences are shown in percentage points (pt).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 plan7,000 Millions of yen → 6,840 Millions of yen（-2.3%）-2.3%Calculated from the two disclosed figures
Key initiatives
01Deepening and identifying partners, and strengthening AI and SaaS offerings
02Deepening and identifying partners
03Strengthening AI and SaaS offerings
04Development of a solution to prevent covert photography
05Expansion of Customer Segments
06AI STORE LAB
07Expansion into South Korea and ASEAN (medium to long term)
Plan assumptionsThe domestic surveillance camera systems market is projected to reach ¥177.2 billion in 2029, The domestic access control market is projected to reach ¥159.3 billion in 2029, Domestic investment in DX related to distribution and retail is expected to reach ¥185.2 billion in FY2030, with a CAGR of 13.7%, The market for solutions for unmanned stores is expected to reach ¥9.7 billion in FY2027, with a CAGR of 94.5%, The entire economy is expected to face a labor shortage of approximately 11 million people in 2040, while a 25% vacancy rate is projected in the retail and services sectors
Non-financial targetsIndicator Sales and marketing headcount / Target value 100-person team / Timing Not disclosed, Indicator Number of stores introducing unmanned-store systems / Target value 1,000 stores / Timing Early implementation
Size of the Target MarketMarket Domestic video surveillance system market / Scale 2029 forecast: ¥177.2 billion / Source 富士経済, "Future Outlook for Security-Related Technologies and Markets Realizing DX 2025", Market Domestic access control market / Scale 2029 forecast: ¥159.3 billion / Source 富士経済, "Future Outlook for Security-Related Technologies and Markets Realizing DX 2025", Market Security market / Scale ¥1.2294 trillion / Source Prepared by the Company based on 富士経済, "Future Outlook for Security-Related Technologies and Markets Realizing DX 2025," and other sources, Market IoT market / Scale ¥10.1653 trillion / Source Prepared by the Company based on IDC Japan's "Domestic IoT Market Forecast" and other sources, Market Market for solutions for unmanned stores / Scale ¥9.7 billion in FY2027, CAGR of 94.5% / Source ミック経済研究所, "Current Status and Future Outlook for the Solutions and Systems Market for Unmanned Stores, FY2023 Edition"
Risks identified by the company
Intensifying Competition
Securing Human Resources
Delays in technology development
Information leaks and unauthorized disclosure
Legal regulations
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Progress against the plan | Annual update |
| Sales Target | 6,840 Millions of yen → 8,206 Millions of yen（+20.0%） |
| Operating profit target | 326 Millions of yen → 620 Millions of yen（+90.1%） |
| Operating profit margin target | 4.8 % → 7.6 % |
| Net income target | 187 Millions of yen → 410 Millions of yen（+118.6%） |
| Non-financial targets | Indicator Sales and marketing headcount / Target value 100-person team / Timing Not disclosed, Indicator Number of stores introducing unmanned-store systems / Target value 1,000 stores / Timing Early implementation |
| Plan assumptions | The domestic surveillance camera systems market is projected to reach ¥177.2 billion in 2029, The domestic access control market is projected to reach ¥159.3 billion in 2029, Domestic investment in DX related to distribution and retail is expected to reach ¥185.2 billion in FY2030, with a CAGR of 13.7%, The market for solutions for unmanned stores is expected to reach ¥9.7 billion in FY2027, with a CAGR of 94.5%, The entire economy is expected to face a labor shortage of approximately 11 million people in 2040, while a 25% vacancy rate is projected in the retail and services sectors |
| Key initiatives | Deepening and identifying partners, and strengthening AI and SaaS offerings, Deepening and identifying partners, Strengthening AI and SaaS offerings, Development of a solution to prevent covert photography, Expansion of Customer Segments, AI STORE LAB, Expansion into South Korea and ASEAN (medium to long term) |
| Results under the previous plan | 7,000 Millions of yen → 6,840 Millions of yen（-2.3%） |
| Size of the Target Market | Market Domestic video surveillance system market / Scale 2029 forecast: ¥177.2 billion / Source 富士経済, "Future Outlook for Security-Related Technologies and Markets Realizing DX 2025", Market Domestic access control market / Scale 2029 forecast: ¥159.3 billion / Source 富士経済, "Future Outlook for Security-Related Technologies and Markets Realizing DX 2025", Market Security market / Scale ¥1.2294 trillion / Source Prepared by the Company based on 富士経済, "Future Outlook for Security-Related Technologies and Markets Realizing DX 2025," and other sources, Market IoT market / Scale ¥10.1653 trillion / Source Prepared by the Company based on IDC Japan's "Domestic IoT Market Forecast" and other sources, Market Market for solutions for unmanned stores / Scale ¥9.7 billion in FY2027, CAGR of 94.5% / Source ミック経済研究所, "Current Status and Future Outlook for the Solutions and Systems Market for Unmanned Stores, FY2023 Edition" |
| Risks identified | Intensifying Competition, Securing Human Resources, Delays in technology development, Information leaks and unauthorized disclosure, Legal regulations |
| Publication date | 30 March 2026 |
Items this document does not state (12)
Plan periodROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetReason 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.In addition to continued investment in human resources, the Company will expand investment in AI- and DX-related areas, including the retail sector. Against a backdrop of persistent labor shortages and growing losses from shoplifting, the Company will promote AI-enabled retail DX.
How to read this page
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