Worth reading
63In 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
25
Mid-term management target CAGR for revenue (%)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+56.1%
基準 7,174Target11,200million
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.
What happened to the previous planInitial earnings forecast (no figures provided) → 9,505 (actual results for the fiscal year ending March 2026)
Total investment plan¥2,592 million (total use of IPO proceeds, including ¥300 million for debt repayment)
Investment amount by sectorField Organic growth investments (product development investments) / Amount ¥500–1,000 million annually / Subject CAPEX + R&D, Field Product development and feature enhancement (IPO proceeds) / Amount ¥1,846 million / Breakdown ¥380 million in the fiscal year ending March 2026, ¥730 million in the fiscal year ending March 2027, and ¥736 million from the fiscal year ending March 2028 onward, Field Recruitment costs for personnel related to business expansion / Amount ¥447 million, Field Strategic M&A and strategic investments / Amount Not disclosed
Key initiatives
01Expanding service areas and functionality in issuing
02Launch of the fully cloud-based acquiring platform Axios
03Expanding use cases by consolidating B2B billing and payments
Segment target3,659 (fiscal year ending March 2025) → 7,600 (forecast for the fiscal year ending March 2027)（Mid-term target CAGR of 35% or more）, 2,006 (fiscal year ending March 2025) → 2,300 (forecast for the fiscal year ending March 2027)（Mid-term target CAGR of approximately 15%）, 1,507 (fiscal year ending March 2025) → 1,300 (forecast for the fiscal year ending March 2027)（Mid-term target CAGR of approximately 5%）
Non-financial targetsIndicator Number of companies using the payment platform / Target value More than 100,000 companies / Timing 106,808 companies as of the end of the fiscal year ending March 2026
Size of the Target MarketThe B2B payments market is ¥1,193 trillion and the B2C payments market is ¥353 trillion. The domestic B2B transaction market is approximately ¥1,193 trillion, and corporate card transaction volume is approximately ¥8.7 trillion. The global agentic commerce market is expected to reach $3 trillion–$5 trillion in 2030. Sources: Ministry of Economy, Trade and Industry; Cabinet Office; Yano Research Institute; McKinsey; Insider Intelligence; and others
Risks identified by the company
Response to cyberattacks
Legal and regulatory requirements
Recruitment and development of personnel
| Item | Details |
|---|---|
| Plan name | Mid-Term Management Targets and Policies for the Fiscal Year Ending March 2027 |
| Plan period | Mid-term management targets starting from the fiscal year ending March 2025 / policies for the fiscal year ending March 2027 |
| Progress against the plan | Annual update |
| Sales Target | 7,174 (fiscal year ending March 2025) → 11,200 (forecast for the fiscal year ending March 2027)（Approximately 56.1%） |
| Total investment plan | ¥2,592 million (total use of IPO proceeds, including ¥300 million for debt repayment) |
| Investment amount by sector | Field Organic growth investments (product development investments) / Amount ¥500–1,000 million annually / Subject CAPEX + R&D, Field Product development and feature enhancement (IPO proceeds) / Amount ¥1,846 million / Breakdown ¥380 million in the fiscal year ending March 2026, ¥730 million in the fiscal year ending March 2027, and ¥736 million from the fiscal year ending March 2028 onward, Field Recruitment costs for personnel related to business expansion / Amount ¥447 million, Field Strategic M&A and strategic investments / Amount Not disclosed |
| Segment target | 3,659 (fiscal year ending March 2025) → 7,600 (forecast for the fiscal year ending March 2027)（Mid-term target CAGR of 35% or more）, 2,006 (fiscal year ending March 2025) → 2,300 (forecast for the fiscal year ending March 2027)（Mid-term target CAGR of approximately 15%）, 1,507 (fiscal year ending March 2025) → 1,300 (forecast for the fiscal year ending March 2027)（Mid-term target CAGR of approximately 5%） |
| Non-financial targets | Indicator Number of companies using the payment platform / Target value More than 100,000 companies / Timing 106,808 companies as of the end of the fiscal year ending March 2026 |
| Key initiatives | Expanding service areas and functionality in issuing, Launch of the fully cloud-based acquiring platform Axios, Expanding use cases by consolidating B2B billing and payments |
| Results under the previous plan | Initial earnings forecast (no figures provided) → 9,505 (actual results for the fiscal year ending March 2026) |
| Size of the Target Market | The B2B payments market is ¥1,193 trillion and the B2C payments market is ¥353 trillion. The domestic B2B transaction market is approximately ¥1,193 trillion, and corporate card transaction volume is approximately ¥8.7 trillion. The global agentic commerce market is expected to reach $3 trillion–$5 trillion in 2030. Sources: Ministry of Economy, Trade and Industry; Cabinet Office; Yano Research Institute; McKinsey; Insider Intelligence; and others |
| Risks identified | Response to cyberattacks, Legal and regulatory requirements, Recruitment and development of personnel |
| Publication date | 23 June 2026 |
Items this document does not state (12)
Operating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share pricePlan 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.The company expects the rapid advancement of AI technology to strongly drive the transition from conventional systems and the integration of fintech. It also expects costs to precede revenue in the fiscal year ending March 2027 as it establishes an organizational structure to pursue large-scale projects.
How to read this page
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