Worth reading
64In 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
49
¥ millions (versus the plan for operating profit for the fiscal year ending June 2026)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+27.8%
基準 2,436Target3,113million
Operating profit+0.1%
基準 2,026Target2,028million
Operating profit margin+2.0pt
基準 2,026Target2,028%
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.
Net income for the current fiscal year302 (fiscal year ending June 2026 actual) → Not disclosed
ROE13.1 (fiscal year ending June 2026 actual) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planNet Sales 2,439 (fiscal year ending June 2026 plan) / Operating profit 355 (fiscal year ending June 2026 plan) / Cloud services revenue 1,908 (fiscal year ending June 2026 plan) / MRR 167 (plan as of June 2026) → Net Sales 2,436 (fiscal year ending June 2026 actual) / Operating profit 404 (fiscal year ending June 2026 actual) / Cloud services revenue 1,901 (fiscal year ending June 2026 actual) / MRR 168 (actual as of June 2026)（Net Sales △0.1% / Operating profit 13.8% / Cloud services revenue △0.4% / MRR 0.6%）
Investment amount by sectorField Bit Waybill (common logistics data platform) / Amount △75 / Notes Planned operating profit for the fiscal year ending June 2027. FY2027–FY2029 will be the investment phase., Field M&A and Investment / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyThe Company plans to continue paying a year-end dividend. The payout ratio will be approximately 20%. For the fiscal year ending June 2027, the payout ratio is forecast at 21.5%, with a forecast dividend of ¥19 per share. DOE: Not disclosed.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 refers to the acquisition of treasury shares and other measures as shareholder returns, but the acquisition limit, timing and conditions are Not disclosed.
Self-assessment of PBR and share priceThe P/B ratio and share price are trending lower. The P/B ratio for the fiscal year ending June 2026 was 1.52x and the year-end share price was ¥1,103. The Company assesses this as possibly indicating that the market has lower expectations for future growth than previously, rather than concerns about its financial base or earnings power.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
0101. Strengthen initiatives in the B2B market
0202. Develop new services through future-oriented co-creation
0303. Proactive recruitment of talent
Plan assumptions1 shipment = 1 pallet = 1 BWB number issued, The annual number of pallet shipments is assumed to equal the maximum annual number of BWB numbers issued, estimated at approximately 2.6 billion, The number of drivers is estimated at approximately 860,000, Bit Waybill is assumed to be issued on a pallet-by-pallet basis
Segment targetSegments and businesses Existing business (WMS business) / Indicator Operating income / Target value 479 / Timing Fiscal year ending June 2027, Segments and businesses Common logistics data platform business (Bit Waybill) / Indicator Operating income / Target value △75 / Timing Fiscal year ending June 2027, Segments and businesses Common logistics data platform business (Bit Waybill) / Indicator Achieving profitability / Target value Aim to make the business profitable / Timing FY2030
Non-financial targetsIndicator name Number of employees / Target value 177 people (+45 versus the fiscal year ending June 2025) / Timing Fiscal year ending June 2028, Indicator name Number of employees / Target value 167 people / Timing Current fiscal year
Size of the Target MarketThe market for the Bit Waybill business is estimated at approximately 2.6 billion pallet shipments annually. Source: Japan Trucking Association, “The Current State and Issues of Japan’s Trucking Industry 2025.”
Risks identified by the company
Changes in business activities and operating results: response to AI technology
Changes in business activities and operating results: recruitment and development of human resources
Changes in business activities and operating results: impact of competitors
Changes in business activities and operating results: system failures
Changes in business activities and operating results: cyberattacks
Relevant laws and regulations: information leakage
Other: new businesses
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan (FY2026–FY2028) |
| Plan period | FY2026–FY2028 |
| Progress against the plan | Annual update |
| Sales Target | 2,436 (fiscal year ending June 2026 actual) → 3,113 (fiscal year ending June 2028 plan)（27.8%） |
| Operating profit target | 404 (fiscal year ending June 2026 actual) → 539 (fiscal year ending June 2028 plan)（33.4%） |
| Operating profit margin target | 16.6% (fiscal year ending June 2026 actual) → 17.3% (fiscal year ending June 2028 plan)（4.2%） |
| Net income target | 302 (fiscal year ending June 2026 actual) → Not disclosed |
| ROE target | 13.1 (fiscal year ending June 2026 actual) → Not disclosed |
| Payout ratio / DOE policy | The Company plans to continue paying a year-end dividend. The payout ratio will be approximately 20%. For the fiscal year ending June 2027, the payout ratio is forecast at 21.5%, with a forecast dividend of ¥19 per share. DOE: Not disclosed. |
| Treasury share acquisition policy | The Company refers to the acquisition of treasury shares and other measures as shareholder returns, but the acquisition limit, timing and conditions are Not disclosed. |
| Self-assessment of PBR and share price | The P/B ratio and share price are trending lower. The P/B ratio for the fiscal year ending June 2026 was 1.52x and the year-end share price was ¥1,103. The Company assesses this as possibly indicating that the market has lower expectations for future growth than previously, rather than concerns about its financial base or earnings power. |
| Investment amount by sector | Field Bit Waybill (common logistics data platform) / Amount △75 / Notes Planned operating profit for the fiscal year ending June 2027. FY2027–FY2029 will be the investment phase., Field M&A and Investment / Amount Not disclosed |
| Segment target | Segments and businesses Existing business (WMS business) / Indicator Operating income / Target value 479 / Timing Fiscal year ending June 2027, Segments and businesses Common logistics data platform business (Bit Waybill) / Indicator Operating income / Target value △75 / Timing Fiscal year ending June 2027, Segments and businesses Common logistics data platform business (Bit Waybill) / Indicator Achieving profitability / Target value Aim to make the business profitable / Timing FY2030 |
| Non-financial targets | Indicator name Number of employees / Target value 177 people (+45 versus the fiscal year ending June 2025) / Timing Fiscal year ending June 2028, Indicator name Number of employees / Target value 167 people / Timing Current fiscal year |
| Plan assumptions | 1 shipment = 1 pallet = 1 BWB number issued, The annual number of pallet shipments is assumed to equal the maximum annual number of BWB numbers issued, estimated at approximately 2.6 billion, The number of drivers is estimated at approximately 860,000, Bit Waybill is assumed to be issued on a pallet-by-pallet basis |
| Key initiatives | 01. Strengthen initiatives in the B2B market, 02. Develop new services through future-oriented co-creation, 03. Proactive recruitment of talent |
| Results under the previous plan | Net Sales 2,439 (fiscal year ending June 2026 plan) / Operating profit 355 (fiscal year ending June 2026 plan) / Cloud services revenue 1,908 (fiscal year ending June 2026 plan) / MRR 167 (plan as of June 2026) → Net Sales 2,436 (fiscal year ending June 2026 actual) / Operating profit 404 (fiscal year ending June 2026 actual) / Cloud services revenue 1,901 (fiscal year ending June 2026 actual) / MRR 168 (actual as of June 2026)（Net Sales △0.1% / Operating profit 13.8% / Cloud services revenue △0.4% / MRR 0.6%） |
| Size of the Target Market | The market for the Bit Waybill business is estimated at approximately 2.6 billion pallet shipments annually. Source: Japan Trucking Association, “The Current State and Issues of Japan’s Trucking Industry 2025.” |
| Risks identified | Changes in business activities and operating results: response to AI technology, Changes in business activities and operating results: recruitment and development of human resources, Changes in business activities and operating results: impact of competitors, Changes in business activities and operating results: system failures, Changes in business activities and operating results: cyberattacks, Relevant laws and regulations: information leakage, Other: new businesses |
| Publication date | 12 August 2026 |
Items this document does not state (5)
ROIC targetCost of capitalTotal investment planReason 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.Orders increased as B2B projects grew, driven by stronger sales activities, product development for B2B customers and the promotion of the partner strategy. Although the hiring target was achieved, the year-end headcount was 147 due to differences in joining dates.
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.