Worth reading
62In 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
2200
¥ million (FY28 revenue target)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+7,233.3%
基準 30Target2,200million
Operating profit margin-9.2pt
基準 25Target15.8%
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.
Operating profitNot disclosed → ¥348 million
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Payout ratio / DOE policyThe company will prioritize growth investment over dividends and reward shareholders by maximizing corporate value. 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.
Self-assessment of PBR and share priceThe company aims to reach a market capitalization of ¥10 billion through an appropriate multiple valuation in the Growth Market. The current assessment of PBR and the share price is Not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Reskilling for the AI era
02Leveraging the partnership platform
03Forecasting the future (prediction markets)
04Advanced talent in India (GCC)
05Mainstreaming non-cognitive skills
06Strengthening the link with academic achievement
07Expansion through local governments and partners
08Product enhancement
09Support for establishing India GCCs
10Signals (prediction markets)
11Global Expansion
12Portfolio restructuring
Plan assumptionsAssumptions regarding market capitalization and valuation multiples may vary depending on future market conditions., Specific financial assumptions will be finalized following detailed review with the CFO., Domestic HR technology cloud market CAGR of 30%, domestic EdTech market CAGR of 9%, India GCC market CAGR of 7%, and domestic blockchain-related market CAGR of 67%.
Segment targetSegment HR Business / Sales Target ¥700 million (FY28) / Operating profit target Not disclosed / Operating profit margin target 31.2%（FY28）, Segment Education Business / Sales Target ¥500 million (FY28) / Operating profit target Not disclosed / Operating profit margin target 34.3%（FY28）, Segment Global Platform business / Sales Target ¥1,000 million (FY28) / Operating profit target Not disclosed / Operating profit margin target 20.0%（FY28）
Non-financial targetsIndicator Cumulative GCC projects, Type A / Target value 15 projects / Timing FY28, Indicator Cumulative GCC projects, Type B / Target value 25 projects / Timing FY28
Size of the Target MarketHR: The domestic human capital management support market has a TAM of ¥1 trillion and a SAM of ¥65 billion. The organizational consulting market grew by 39.9% in 2023. The global talent assessment market is expected to reach approximately ¥4.7 trillion in 2031 (Business Research INSIGHTS and others). Education: The domestic EdTech market has a TAM of ¥800 billion and a SAM of ¥28 billion. It is expected to grow from approximately ¥500 billion currently to approximately ¥800 billion in five years, representing a CAGR of approximately 9% (xenoBrain). Global: The India GCC market is expected to grow from USD64.6Bn to USD99 to 105Bn by 2030, at a CAGR of 7% (NASSCOM-Zinnov). Blockchain-related: Domestic total spending is ¥378 billion, comprising ¥130 billion in the blockchain professional services and SI segment and ¥62 billion in the human capital data and Web3 segment, with a CAGR of 67% (IMARC, MICS Economic Research Institute and others).
Risks identified by the company
Information management systems: Leakage or unauthorized use of personal information
System failures: Natural disasters, power outages, accidents, increased loads, unauthorized access and other events
Seasonal concentration of results: Sales and acceptance are concentrated in March
New global businesses: Changes in the laws and regulations applicable to Signals in each country, changes in India's geopolitical environment, and securing talent
The risk item included last year, "Regarding the Web3-related market," was excluded because it has become less important to business operations.
Reason for revision or withdrawal
The company will review its strategy and financial targets to achieve a market capitalization of ¥10 billion, aiming to enhance corporate value through growth including India GCC.
| Item | Details |
|---|---|
| Plan name | Growth Strategy Roadmap and Management Targets |
| Plan period | FY26〜FY28 |
| Progress against the plan | Partially revised |
| Sales Target | Revenue growth in the 30% range (previous target; absolute amount Not disclosed) → ¥2,200 million（3.3x FY25） |
| Operating profit target | Not disclosed → ¥348 million |
| Operating profit margin target | Average operating margin of at least 25% → 15.8 % |
| Payout ratio / DOE policy | The company will prioritize growth investment over dividends and reward shareholders by maximizing corporate value. Numerical targets and the applicable period are Not disclosed. |
| Self-assessment of PBR and share price | The company aims to reach a market capitalization of ¥10 billion through an appropriate multiple valuation in the Growth Market. The current assessment of PBR and the share price is Not disclosed. |
| Segment target | Segment HR Business / Sales Target ¥700 million (FY28) / Operating profit target Not disclosed / Operating profit margin target 31.2%（FY28）, Segment Education Business / Sales Target ¥500 million (FY28) / Operating profit target Not disclosed / Operating profit margin target 34.3%（FY28）, Segment Global Platform business / Sales Target ¥1,000 million (FY28) / Operating profit target Not disclosed / Operating profit margin target 20.0%（FY28） |
| Non-financial targets | Indicator Cumulative GCC projects, Type A / Target value 15 projects / Timing FY28, Indicator Cumulative GCC projects, Type B / Target value 25 projects / Timing FY28 |
| Plan assumptions | Assumptions regarding market capitalization and valuation multiples may vary depending on future market conditions., Specific financial assumptions will be finalized following detailed review with the CFO., Domestic HR technology cloud market CAGR of 30%, domestic EdTech market CAGR of 9%, India GCC market CAGR of 7%, and domestic blockchain-related market CAGR of 67%. |
| Key initiatives | Reskilling for the AI era, Leveraging the partnership platform, Forecasting the future (prediction markets), Advanced talent in India (GCC), Mainstreaming non-cognitive skills, Strengthening the link with academic achievement, Expansion through local governments and partners, Product enhancement, Support for establishing India GCCs, Signals (prediction markets), Global Expansion, Portfolio restructuring |
| Reason for revision or withdrawal | The company will review its strategy and financial targets to achieve a market capitalization of ¥10 billion, aiming to enhance corporate value through growth including India GCC. |
| Size of the Target Market | HR: The domestic human capital management support market has a TAM of ¥1 trillion and a SAM of ¥65 billion. The organizational consulting market grew by 39.9% in 2023. The global talent assessment market is expected to reach approximately ¥4.7 trillion in 2031 (Business Research INSIGHTS and others). Education: The domestic EdTech market has a TAM of ¥800 billion and a SAM of ¥28 billion. It is expected to grow from approximately ¥500 billion currently to approximately ¥800 billion in five years, representing a CAGR of approximately 9% (xenoBrain). Global: The India GCC market is expected to grow from USD64.6Bn to USD99 to 105Bn by 2030, at a CAGR of 7% (NASSCOM-Zinnov). Blockchain-related: Domestic total spending is ¥378 billion, comprising ¥130 billion in the blockchain professional services and SI segment and ¥62 billion in the human capital data and Web3 segment, with a CAGR of 67% (IMARC, MICS Economic Research Institute and others). |
| Risks identified | Information management systems: Leakage or unauthorized use of personal information, System failures: Natural disasters, power outages, accidents, increased loads, unauthorized access and other events, Seasonal concentration of results: Sales and acceptance are concentrated in March, New global businesses: Changes in the laws and regulations applicable to Signals in each country, changes in India's geopolitical environment, and securing talent, The risk item included last year, "Regarding the Web3-related market," was excluded because it has become less important to business operations. |
| Publication date | June 2026 |
Items this document does not state (9)
Net income targetROE targetROIC targetTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorResults 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 will review its strategy and financial targets to achieve a market capitalization of ¥10 billion, aiming to enhance corporate value through growth including India GCC.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.