Worth reading
53Recurring
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
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Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales-15.6%
基準 8,791Target7,416million
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.
Operating profitFiscal 2025 actual: 529 → Not disclosed
Operating profit marginFiscal 2025 actual: 6.0% → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planNot disclosed → Fiscal 2025 actual: revenue of ¥8,791 million and operating profit of ¥529 million
Investment amount by sectorField Strategic investment in AI and digital fields / Amount Not disclosed, Field Upfront investment in the Solutions business and the Investment and Incubation business / Amount Not disclosed, Field M&A and Business Alliances / Amount Not disclosed
Key initiatives
01“Revenue” structural reform: Rebuilding the portfolio
02“Corporate” structural reform: Full transition to a group management structure
03“Business” structural reform: Evolving the business model and merchandising
Plan assumptionsDomestic A2P-SMS market: CAGR of 24.5% for fiscal 2025–2030, CPaaS market: CAGR of 9.1% for fiscal 2024–2030, Domestic GPU server market: CAGR of 27.4% for fiscal 2024–2029, Corporate health management systems market: CAGR of 7.7% for fiscal 2025–2030, Worker safety management services market: CAGR of 8.1% for fiscal 2025–2030, Government target for quantum technology: production on the scale of ¥50 trillion and 10 million users by 2030, The transition of government agencies and other organizations to PQC is, in principle, targeted for completion by 2035
Segment targetSegment Communication business / 2025 actual ¥6,515 million / 2026 medium-term plan ¥6,630 million under the 2026 medium-term plan / 2027 medium-term plan ¥7,416 million under the 2027 medium-term plan, Segment Solutions Business / 2025 actual ¥1,205 million / 2026 medium-term plan ¥1,264 million under the 2026 medium-term plan / 2027 medium-term plan ¥1,744 million under the 2027 medium-term plan, Segment Investment and Incubation Business / 2025 actual ¥1,182 million / 2026 medium-term plan ¥1,696 million / 2027 medium-term plan ¥2,309 million under the 2027 medium-term plan
Non-financial targetsIndicator Solutions business revenue mix / Target value 35% / Timing Three years from now (2027), Indicator Investment and Incubation business revenue mix / Target value 35% / Timing Three years from now (2027), Indicator SMS delivery rate / Target value Maintain a rate of at least 99% / Timing Not disclosed
Size of the Target MarketMarket Domestic A2P-SMS market / Dimensions 4,902 million messages in 2025 and 14,259 million messages in 2030 / Growth rate CAGR of 24.5% for fiscal 2025–2030 / Source Deloitte Tohmatsu Mic Research Institute Co., Ltd., “Mic IT Report, December 2025”, Market CPaaS market / Dimensions ¥8,700 million in fiscal 2024 and ¥14,700 million in fiscal 2030 / Growth rate CAGR of 9.1% for fiscal 2024–2030 / Source Fuji Chimera Research Institute, Inc., “2025 Comprehensive Marketing Research of the Communications-Related Market”, Market Quantum economy / Dimensions On the scale of ¥50 trillion and 10 million users by 2030 / Growth rate Not disclosed / Source Cabinet Office, “Vision for a Quantum Future Society (Summary)”, Market Domestic GPU server market / Dimensions ¥15,200 million in fiscal 2024 and ¥51,000 million in fiscal 2029 / Growth rate CAGR of 27.4% for fiscal 2024–2029 / Source Fuji Chimera Research Institute, Inc., “Comprehensive Research of the AI Market: Generative AI / AI Agents Driving Growth, Market Edition 2026”, Market Senior high schools nationwide / Dimensions Approximately 4,700 schools / Growth rate Not disclosed / Source Ministry of Education, Culture, Sports, Science and Technology, “FY2025 School Basic Survey”, Market Corporate health management systems market / Dimensions ¥17,000 million in 2025 and ¥24,600 million in 2030 / Growth rate CAGR of 7.7% for fiscal 2025–2030 / Source Fuji Chimera Research Institute, Inc., “Comprehensive Research of the Wearable and Healthcare Business Market 2026”, Market Worker safety management services market / Dimensions ¥7,250 million in 2025 and ¥10,700 million in 2030 / Growth rate CAGR of 8.1% for fiscal 2025–2030 / Source Fuji Chimera Research Institute, Inc., “Comprehensive Research of the Wearable and Healthcare Business Market 2026”
Risks identified by the company
Changes in the market environment and price competition
Reliance on external partners, including telecommunications carriers and overseas aggregators
System stability and cybersecurity
Country risk and foreign exchange fluctuations
Commercialization of advanced technologies, including PQC and AI, and the risk of slower-than-expected market development
Governance and impairment risks related to M&A and group management
Risks related to upfront investment in new businesses and intellectual property rights
In light of the transition to a three-segment structure, the principal risk items have been comprehensively reviewed and reorganized from this update so that they reflect the current businesses
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan [2025–2027] |
| Plan period | 2025–2027 |
| Progress against the plan | Annual update |
| Sales Target | Fiscal 2025 actual: 8,791 → Segment figures under the 2027 medium-term plan: Communications 7,416, Solutions 1,744, Investment and Incubation 2,309 (no company-wide total stated) |
| Operating profit target | Fiscal 2025 actual: 529 → Not disclosed |
| Operating profit margin target | Fiscal 2025 actual: 6.0% → Not disclosed |
| Investment amount by sector | Field Strategic investment in AI and digital fields / Amount Not disclosed, Field Upfront investment in the Solutions business and the Investment and Incubation business / Amount Not disclosed, Field M&A and Business Alliances / Amount Not disclosed |
| Segment target | Segment Communication business / 2025 actual ¥6,515 million / 2026 medium-term plan ¥6,630 million under the 2026 medium-term plan / 2027 medium-term plan ¥7,416 million under the 2027 medium-term plan, Segment Solutions Business / 2025 actual ¥1,205 million / 2026 medium-term plan ¥1,264 million under the 2026 medium-term plan / 2027 medium-term plan ¥1,744 million under the 2027 medium-term plan, Segment Investment and Incubation Business / 2025 actual ¥1,182 million / 2026 medium-term plan ¥1,696 million / 2027 medium-term plan ¥2,309 million under the 2027 medium-term plan |
| Non-financial targets | Indicator Solutions business revenue mix / Target value 35% / Timing Three years from now (2027), Indicator Investment and Incubation business revenue mix / Target value 35% / Timing Three years from now (2027), Indicator SMS delivery rate / Target value Maintain a rate of at least 99% / Timing Not disclosed |
| Plan assumptions | Domestic A2P-SMS market: CAGR of 24.5% for fiscal 2025–2030, CPaaS market: CAGR of 9.1% for fiscal 2024–2030, Domestic GPU server market: CAGR of 27.4% for fiscal 2024–2029, Corporate health management systems market: CAGR of 7.7% for fiscal 2025–2030, Worker safety management services market: CAGR of 8.1% for fiscal 2025–2030, Government target for quantum technology: production on the scale of ¥50 trillion and 10 million users by 2030, The transition of government agencies and other organizations to PQC is, in principle, targeted for completion by 2035 |
| Key initiatives | “Revenue” structural reform: Rebuilding the portfolio, “Corporate” structural reform: Full transition to a group management structure, “Business” structural reform: Evolving the business model and merchandising |
| Results under the previous plan | Not disclosed → Fiscal 2025 actual: revenue of ¥8,791 million and operating profit of ¥529 million |
| Size of the Target Market | Market Domestic A2P-SMS market / Dimensions 4,902 million messages in 2025 and 14,259 million messages in 2030 / Growth rate CAGR of 24.5% for fiscal 2025–2030 / Source Deloitte Tohmatsu Mic Research Institute Co., Ltd., “Mic IT Report, December 2025”, Market CPaaS market / Dimensions ¥8,700 million in fiscal 2024 and ¥14,700 million in fiscal 2030 / Growth rate CAGR of 9.1% for fiscal 2024–2030 / Source Fuji Chimera Research Institute, Inc., “2025 Comprehensive Marketing Research of the Communications-Related Market”, Market Quantum economy / Dimensions On the scale of ¥50 trillion and 10 million users by 2030 / Growth rate Not disclosed / Source Cabinet Office, “Vision for a Quantum Future Society (Summary)”, Market Domestic GPU server market / Dimensions ¥15,200 million in fiscal 2024 and ¥51,000 million in fiscal 2029 / Growth rate CAGR of 27.4% for fiscal 2024–2029 / Source Fuji Chimera Research Institute, Inc., “Comprehensive Research of the AI Market: Generative AI / AI Agents Driving Growth, Market Edition 2026”, Market Senior high schools nationwide / Dimensions Approximately 4,700 schools / Growth rate Not disclosed / Source Ministry of Education, Culture, Sports, Science and Technology, “FY2025 School Basic Survey”, Market Corporate health management systems market / Dimensions ¥17,000 million in 2025 and ¥24,600 million in 2030 / Growth rate CAGR of 7.7% for fiscal 2025–2030 / Source Fuji Chimera Research Institute, Inc., “Comprehensive Research of the Wearable and Healthcare Business Market 2026”, Market Worker safety management services market / Dimensions ¥7,250 million in 2025 and ¥10,700 million in 2030 / Growth rate CAGR of 8.1% for fiscal 2025–2030 / Source Fuji Chimera Research Institute, Inc., “Comprehensive Research of the Wearable and Healthcare Business Market 2026” |
| Risks identified | Changes in the market environment and price competition, Reliance on external partners, including telecommunications carriers and overseas aggregators, System stability and cybersecurity, Country risk and foreign exchange fluctuations, Commercialization of advanced technologies, including PQC and AI, and the risk of slower-than-expected market development, Governance and impairment risks related to M&A and group management, Risks related to upfront investment in new businesses and intellectual property rights, In light of the transition to a three-segment structure, the principal risk items have been comprehensively reviewed and reorganized from this update so that they reflect the current businesses |
| Publication date | March 2026 |
Items this document does not state (10)
Net income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal 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.All segments reported higher revenue in fiscal 2025, and growth in the existing businesses absorbed upfront investment in the Solutions and Investment businesses. In addition, the Group expanded through the new consolidation of ズノー, フォーグローブ and Forward Edge-AI Japan.
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