Worth reading
65In 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
25.2
¥100 million (upward revision to the FY2026 revenue target)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+33.7%
基準 7.48Target10Hundreds of millions of yen
Operating profit+14.9%
基準 1.48Target1.7Hundreds of millions of yen
Net income for the current fiscal year+8.3%
基準 600Target650Hundreds of millions of yen
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 planFY2025 forecast after upward revision: revenue ¥7,400 million, operating profit ¥950 million, ordinary income ¥750 million, net income ¥405 million → FY2025 actual results: revenue ¥7,413 million, operating profit ¥977 million, ordinary income ¥770 million, net income ¥416 million（Revenue 100.2%, operating profit 102.9%, ordinary income 102.7%, net income 103.0% (achievement rate)）+0.2%Calculated from the two disclosed figures
Key initiatives
01Strengthening distributors
02Regional revitalization initiatives
03Approach to the US market
04M&A Strategy
Plan assumptionsThe average lead time from order receipt to completion of construction is 90 days. Depending on the scale of the construction project, this period may be 180 days or longer.
Non-financial targetsIndicator Proportion of flow revenue generated through distributors / Target value Approximately 40% / Timing FY2026
Size of the Target MarketMarket Total number of vacant units in multi-unit residential buildings / Scale Approximately 5 million units / Source Compiled results of the 2023 Housing and Land Survey, Ministry of Land, Infrastructure, Transport and Tourism, Market Total number of vacant units in Japan / Scale Approximately 9 million units / Source Compiled results of the 2023 Housing and Land Survey, Ministry of Land, Infrastructure, Transport and Tourism, Market Condominium ISP market / Scale Approximately ¥1.0 trillion / Source Calculated based on the Ministry of Internal Affairs and Communications' 2023 Housing and Land Survey, Basic Tabulation on Housing and Households; the Ministry of Land, Infrastructure, Transport and Tourism's Construction Statistics; MM Research Institute's Survey of Market Shares for Whole-Building Condominium ISP Services; and other sources, Market Automatic locking system market / Scale Approximately ¥1.1 trillion / Source Calculated based on the Ministry of Internal Affairs and Communications' 2023 Housing and Land Survey, Basic Tabulation on Housing and Households; the Ministry of Land, Infrastructure, Transport and Tourism's Construction Statistics; MM Research Institute's Survey of Market Shares for Whole-Building Condominium ISP Services; and other sources, Market Vacant-unit renovation market / Scale Approximately ¥21.7 trillion / Source Calculated based on the Ministry of Internal Affairs and Communications' 2023 Housing and Land Survey, Basic Tabulation on Housing and Households; the Ministry of Land, Infrastructure, Transport and Tourism's Construction Statistics; and other sources, Market Adoption rate of free internet services in existing condominiums / Scale Approximately 20% / Source Company estimate based on MM Research Institute's Survey of Market Shares for Whole-Building Condominium ISP Services
Risks identified by the company
Impact of competition from other companies and other factors
Securing subcontractors
Procurement of telecommunications equipment
Dependence on interest-bearing debt
Partnerships and cooperation
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Plan period | FY2026-FY2028 (Global Strategy Roadmap) / FY2026 management targets |
| Progress against the plan | Partially revised |
| Sales Target | ¥7.48 billion (initial forecast under the Medium-Term Management Plan) → ¥10 billion (revised forecast) |
| Operating profit target | ¥1.48 billion (initial forecast under the Medium-Term Management Plan) → ¥1.7 billion (revised forecast) |
| Net income target | ¥600 million (initial forecast under the Medium-Term Management Plan) → ¥650 million (revised forecast) |
| Non-financial targets | Indicator Proportion of flow revenue generated through distributors / Target value Approximately 40% / Timing FY2026 |
| Plan assumptions | The average lead time from order receipt to completion of construction is 90 days. Depending on the scale of the construction project, this period may be 180 days or longer. |
| Key initiatives | Strengthening distributors, Regional revitalization initiatives, Approach to the US market, M&A Strategy |
| Results under the previous plan | FY2025 forecast after upward revision: revenue ¥7,400 million, operating profit ¥950 million, ordinary income ¥750 million, net income ¥405 million → FY2025 actual results: revenue ¥7,413 million, operating profit ¥977 million, ordinary income ¥770 million, net income ¥416 million（Revenue 100.2%, operating profit 102.9%, ordinary income 102.7%, net income 103.0% (achievement rate)） |
| Size of the Target Market | Market Total number of vacant units in multi-unit residential buildings / Scale Approximately 5 million units / Source Compiled results of the 2023 Housing and Land Survey, Ministry of Land, Infrastructure, Transport and Tourism, Market Total number of vacant units in Japan / Scale Approximately 9 million units / Source Compiled results of the 2023 Housing and Land Survey, Ministry of Land, Infrastructure, Transport and Tourism, Market Condominium ISP market / Scale Approximately ¥1.0 trillion / Source Calculated based on the Ministry of Internal Affairs and Communications' 2023 Housing and Land Survey, Basic Tabulation on Housing and Households; the Ministry of Land, Infrastructure, Transport and Tourism's Construction Statistics; MM Research Institute's Survey of Market Shares for Whole-Building Condominium ISP Services; and other sources, Market Automatic locking system market / Scale Approximately ¥1.1 trillion / Source Calculated based on the Ministry of Internal Affairs and Communications' 2023 Housing and Land Survey, Basic Tabulation on Housing and Households; the Ministry of Land, Infrastructure, Transport and Tourism's Construction Statistics; MM Research Institute's Survey of Market Shares for Whole-Building Condominium ISP Services; and other sources, Market Vacant-unit renovation market / Scale Approximately ¥21.7 trillion / Source Calculated based on the Ministry of Internal Affairs and Communications' 2023 Housing and Land Survey, Basic Tabulation on Housing and Households; the Ministry of Land, Infrastructure, Transport and Tourism's Construction Statistics; and other sources, Market Adoption rate of free internet services in existing condominiums / Scale Approximately 20% / Source Company estimate based on MM Research Institute's Survey of Market Shares for Whole-Building Condominium ISP Services |
| Risks identified | Impact of competition from other companies and other factors, Securing subcontractors, Procurement of telecommunications equipment, Dependence on interest-bearing debt, Partnerships and cooperation |
| Publication date | 31 March 2026 |
Items this document does not state (12)
Operating profit margin targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetReason 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 explained that it had granted 2 rounds of paid stock options to directors and executive officers in order to promote management with a greater focus on profits. However, no direct reason was stated for the upward revision to the FY2026 numerical targets.
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.