Worth reading
60In 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
3000
¥ million (lower end of the FY ending March 2029 revenue target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet SalesNot disclosed → 30＋α
Operating profitNot disclosed → 3～4
Operating profit marginNot disclosed → 10＋
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planNet Sales 1,830 / Operating profit 60 / Net income for the current fiscal year 45 → Net Sales 1,870 / Operating profit 101 / Net income for the current fiscal year 80（Net Sales +2.2% / Operating profit +69.3% / Net income for the current fiscal year +177.5%）
Total investment plan10+ (M&A investment allocation)
Investment amount by sectorField M&A / Amount 10＋
Statements about the use of capital
Payout ratio / DOE policyLaunch of shareholder returns during the medium-term plan periodThe payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Promote expansion of the core business by leveraging business partnerships
02Full-scale acceleration of upselling and cross-selling, including the development of AI-related solutions
03Monetize the retail media network business
04Expand the earnings structure and synergies through M&A
05Promote stakeholder engagement
Plan assumptionsBecause the upside potential of existing large-scale projects is difficult to assess, the plan incorporates conservative-to-in-line assumptions and presents operating profit as a range., Gross profit margin may temporarily decline during the middle of the medium-term plan period due to upfront investment and other factors associated with building an ecosystem with AI startups., Aim for an early recovery through rigorous project selection and cost management., Improve productivity through a partner strategy and seek to reduce the SG&A ratio.
Segment targetSegment Core Business / Sales Target Incremental 470 / Operating profit target Not disclosed, Segment Retail Media / Sales Target Incremental 450 / Operating profit target Not disclosed, Segment AI Solutions / Sales Target Incremental 150 / Operating profit target Not disclosed, Segment Other / Sales Target Incremental 100 / Operating profit target Not disclosed
Size of the Target MarketMarket Size Domestic annual sales of ¥42.9 trillion across four retail formats / Retail data managed and curated by the Company Approximately ¥10.0 trillion in retail data managed and curated by the Company / Source Ministry of Economy, Trade and Industry, Economic Analysis Office, “Review of Retail Sales in 2025”
Risks identified by the company
The potential for expansion of existing large-scale projects is difficult to assess
The launch of some solutions is taking longer than initially expected
Gross profit margin may temporarily decline during the middle of the medium-term plan period due to upfront investment and other factors associated with building an ecosystem with AI startups
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Plan period | 27/3～29/3 |
| Progress against the plan | Formulated |
| Sales Target | Not disclosed → 30＋α |
| Operating profit target | Not disclosed → 3～4 |
| Operating profit margin target | Not disclosed → 10＋ |
| Payout ratio / DOE policy | Launch of shareholder returns during the medium-term plan period |
| Total investment plan | 10+ (M&A investment allocation) |
| Investment amount by sector | Field M&A / Amount 10＋ |
| Segment target | Segment Core Business / Sales Target Incremental 470 / Operating profit target Not disclosed, Segment Retail Media / Sales Target Incremental 450 / Operating profit target Not disclosed, Segment AI Solutions / Sales Target Incremental 150 / Operating profit target Not disclosed, Segment Other / Sales Target Incremental 100 / Operating profit target Not disclosed |
| Plan assumptions | Because the upside potential of existing large-scale projects is difficult to assess, the plan incorporates conservative-to-in-line assumptions and presents operating profit as a range., Gross profit margin may temporarily decline during the middle of the medium-term plan period due to upfront investment and other factors associated with building an ecosystem with AI startups., Aim for an early recovery through rigorous project selection and cost management., Improve productivity through a partner strategy and seek to reduce the SG&A ratio. |
| Key initiatives | Promote expansion of the core business by leveraging business partnerships, Full-scale acceleration of upselling and cross-selling, including the development of AI-related solutions, Monetize the retail media network business, Expand the earnings structure and synergies through M&A, Promote stakeholder engagement |
| Results under the previous plan | Net Sales 1,830 / Operating profit 60 / Net income for the current fiscal year 45 → Net Sales 1,870 / Operating profit 101 / Net income for the current fiscal year 80（Net Sales +2.2% / Operating profit +69.3% / Net income for the current fiscal year +177.5%） |
| Size of the Target Market | Market Size Domestic annual sales of ¥42.9 trillion across four retail formats / Retail data managed and curated by the Company Approximately ¥10.0 trillion in retail data managed and curated by the Company / Source Ministry of Economy, Trade and Industry, Economic Analysis Office, “Review of Retail Sales in 2025” |
| Risks identified | The potential for expansion of existing large-scale projects is difficult to assess, The launch of some solutions is taking longer than initially expected, Gross profit margin may temporarily decline during the middle of the medium-term plan period due to upfront investment and other factors associated with building an ecosystem with AI startups |
| Publication date | 15 May 2026 |
Items this document does not state (9)
Net income targetROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceNon-financial targetsReason 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 starting point for this medium-term management plan was the question, “Where should we invest our limited resources to generate the greatest value creation and returns?” Because the potential for expansion of existing large-scale projects is difficult to assess, operating profit is presented as a range, and the plan incorporates upfront investment associated with building an ecosystem with AI startups.
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.