Sustainable growth in book value per share and maximization of business-segment profit metrics
First written in FY2018. 11 of 18 entries say "Advanced", first in FY2023-Q2. Latest entry: 2026-08-04.
The whole theme swung hardest in 2020: 13 of 67 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Company is concentrating management resources on the business production business, targeting revenue of at least ¥11.0 billion and an operating profit margin of at least 15% for the fiscal year ending March 2030. This represents twice the revenue of the fiscal year ending March 2025, with a compound annual growth rate of 15%. To achieve these targets, the Company will work on (1) establishing a strong earnings base and (2) strengthening investment in personnel in response to changes in the operating environment.」
The previous direction of doubling revenue over 5 years and achieving an operating profit margin of at least 15% has been specified as revenue of at least ¥11.0 billion and an operating profit margin of at least 15% for the fiscal year ending March 2030, with the earnings base and investment in personnel identified as the means of achieving these targets. For the following fiscal year, the Company plans revenue of ¥7.5 billion and segment operating profit of ¥500 million for the business production business. - FY2026-H1AdvancedAnnual report
「Against a backdrop of steady expansion of the earnings base through service-line expansion and active hiring, as well as growing client demand, the Company continued to secure orders from existing customers. As a result, revenue growth exceeded the increase in costs associated with business expansion. Revenue for the interim consolidated accounting period was ¥2,898 million (¥2,212 million in the same period of the previous fiscal year), and segment profit was ¥879 million (a segment loss of ¥0.4 million in the same period of the previous fiscal year).」
The business production business generated revenue of ¥2,898 million and segment profit of ¥879 million through service-line expansion, hiring and recurring orders from existing customers. It turned from a ¥0.4 million segment loss in the same period of the previous fiscal year to a profit, demonstrating concrete progress in business expansion and profitability improvement. - FY2025ReframedAnnual report
「Going forward, the Company will pursue sustainable growth with a focus on balancing scale and profitability. It targets doubling revenue over 5 years, with a compound annual growth rate of 15%, and an operating profit margin of at least 15% in 5 years. To achieve these targets, it will work on (1) evolving the value provided to reflect market trends and (2) developing personnel and strengthening its operating infrastructure.」
Following the expansion of the business production business under the previous medium-term management plan, the Company has shifted to new 5-year growth targets focused on balancing scale and profitability. In addition to doubling revenue over 5 years and achieving an operating profit margin of at least 15% in 5 years, it has set a target ROE of at least 15% in 5 years. For the following fiscal year, the Company plans revenue of ¥6.2 billion and segment operating profit of ¥300 million for the business production business. - FY2025-H1Broader Customer Base and Upfront CostsAnnual report
「In addition to growing client demand for business creation, active marketing efforts led to steady expansion of the customer base. However, revenue growth fell short of the increase in expenses associated with business expansion, partly due to the overlapping completion dates of large projects. As a result, revenue for the current interim consolidated accounting period was ¥2,212 million (¥2,088 million in the same period of the previous year), and the segment reported a loss of ¥0.4 million (segment profit of ¥278 million in the same period of the previous year).」
Although the customer base expanded through active marketing, the business production business shifted from a profit in the same period of the previous fiscal year to a loss near break-even, despite higher revenue, due to the overlapping completion of large projects and higher costs associated with business expansion. - FY2024Upward Revision to Revenue Target and Downward Revision to Net Profit TargetAnnual report
「For the business production business in the following fiscal year, the Company plans revenue of ¥7.3 billion and net profit of ¥500 million. Compared with the targets in the medium-term management plan, the revenue target has been revised upward and the net profit target downward. This reflects the Company's pursuit of further scale expansion with a view to medium- and long-term growth, while a time lag remains before revenue ramps up and the tendency for costs to precede revenue persists to some extent.」
For the business production business in the following fiscal year, the Company plans revenue of ¥7.3 billion and net profit of ¥500 million, revising revenue upward and net profit downward from the previous medium-term management plan targets. - FY2024-Q3AdvancedAnnual report
「As a result, revenue for the cumulative third quarter was ¥3,451 million (¥2,700 million in the same period of the previous fiscal year), and segment profit (operating profit) was ¥493 million (¥942 million in the same period of the previous fiscal year).」
Revenue in the business production business increased from ¥2,700 million in the same period of the previous fiscal year to ¥3,451 million, indicating progress in revenue toward the existing growth target. Segment profit, however, declined from ¥942 million to ¥493 million. - FY2024-Q1AdvancedAnnual report
「Against a backdrop of growing client demand for business creation and the Company's active marketing efforts, orders received for new projects continued to perform strongly, following the fourth quarter of the previous fiscal year.」
In the business production business, orders received for new projects remained strong as a result of active marketing. First-quarter orders received were ¥1,365 million, up 44.3% year on year, while revenue also increased to ¥962 million. Segment profit declined, however, due to hiring associated with the launch of new practices and other factors. - FY2023AdvancedAnnual report
「As a result, revenue for the fiscal year was ¥3,838 million, up 35.3% year on year, representing achievement of 116% of the full-year revenue target of ¥3,300 million. Segment profit (operating profit) was ¥1,314 million, up 15.0% year on year.」
The business production business generated revenue of ¥3,838 million, achieving 116% of the full-year revenue target of ¥3,300 million, with segment profit of ¥1,314 million, demonstrating concrete progress toward the target. - FY2023-Q3AdvancedAnnual report
「Progress against the full-year target of ¥3,300 million was 82%, compared with a 16% increase from the previous fiscal year.」
Progress against the full-year revenue target of ¥3,300 million for the business production business reached 82%, indicating measurable progress toward the medium-term target. - FY2023-Q2AdvancedAnnual report
「In terms of revenue, client demand for business creation increased, and the company continued to focus on active marketing and collaboration with companies in other industries. As a result, revenue remained strong, following the first quarter, and progress toward the full-year target of ¥3,300 million (up 16% year on year) reached 51%.」
In the business production business, the Company achieved 51% progress against the full-year revenue target of ¥3,300 million through active marketing and collaboration with companies in other industries. - FY2022ReframedAnnual report
「The Company will concentrate management resources on the business production business and pursue expansion in 4 areas: service lines, personnel, collaboration and functions. For the final year of the medium-term management plan, the fiscal year ending March 2025, the Company has set targets of ¥6.0 billion in revenue and ¥1.0 billion in net profit for the business production business, representing twice the revenue and 3 times the net profit of the fiscal year ended March 2022.」
The focus shifted from explanations emphasizing net assets per share and NAV to the targets of the medium-term management plan for the fiscal year ending March 2025, centered on revenue, net profit and headcount in the business production business. - FY2019ReframedAnnual report
「In addition to revenue and segment profit by segment, as well as consolidated revenue and consolidated operating profit, the Company has made NAV (Net Asset Value) a key management metric beginning this fiscal year. The Company regards NAV as a key management metric because it believes that higher NAV directly increases shareholder value. At the end of the fiscal year, total NAV was ¥30.1 billion, an increase of ¥5.8 billion, or 23.8%, from the previous fiscal year-end.」
In addition to conventional metrics centered on period profit and loss and net assets per share, the Company introduced NAV as a key metric beginning this fiscal year and disclosed full-year NAV of ¥30.1 billion. - FY2018First statedAnnual report
「The Company places the highest priority on sustainable growth in net assets per share through the steady recognition and accumulation of profits. To achieve this objective, in the strategic consulting business, the Company seeks to maximize (1) revenue and (2) the ordinary profit margin on revenue. In the incubation business, the Company seeks to maximize (1) capital gains from operating investments involving the purchase and sale of securities, calculated as revenue from operating investment securities less the investment carrying value, and (2) consolidated net profit for businesses developed as consolidated group companies.」
The Company has identified sustainable growth in net assets per share as its highest priority and uses revenue, the ordinary profit margin on revenue, capital gains and consolidated net profit as management metrics for each business.