Worth reading
58In 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
34
¥ million (change from the previous forecast for the revenue target for the fiscal year ending March 2028)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+0.2%
基準 17,188Target17,222million
Operating profit+1.8%
基準 3,781Target3,848million
Operating profit margin+0.3pt
基準 22Target22.3%
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.
ROE39.8% (actual for the fiscal year ended March 2026) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.Key initiatives
01Improve efficiency and strengthen price competitiveness through AI
02Create new services using AI
03Develop the AI market implemented with security
04Expand sales channels through alliances with regional banks
05Strengthen existing sales channels
06Expanding GSX locations nationwide
07Existing customers: upselling and cross-selling
08Strengthen the digital marketing strategy
09Develop delivery partner companies
10Capital and business alliances
11Japan Cyber Security Fund No. 1
12Expansion into overseas markets
Plan assumptionsDemand from mid-sized and small companies for security measures remains strong, Thoroughly pursue upselling and cross-selling, enabling balanced growth across all businesses, Demand from IT companies and SIers for cybersecurity talent development remains strong, Expand security education content and utilize online and on-demand delivery, Adopt automation, AI, and frameworks across each business, Develop delivery partner companies, primarily in regional cities, This is a medium-term management plan for existing businesses, and the impact of new businesses and other factors is not incorporated, Growth rate (CAGR) of the network security business market: 6.4%
Segment targetSegment Cyber security business / Revenue Mix Forecast for the Fiscal Year Ending March 2027 61% / Profit Target Not disclosed, Segment Security education business / Revenue Mix Forecast for the Fiscal Year Ending March 2027 14% / Profit Target Not disclosed, Segment Security personnel business / Revenue Mix Forecast for the Fiscal Year Ending March 2027 24% / Profit Target Not disclosed
Size of the Target MarketMarket Network security business market / Scale ¥501.6 billion in fiscal 2018; ¥772.7 billion forecast for fiscal 2025 / Growth rate CAGR 6.4% / Source 2025 Network Security Business Market Survey (Market Edition), Fuji Chimera Research Institute, Inc., Market Potential market size of Japan's cybersecurity market for upper-mid-sized, mid-sized, and small companies / Scale Approximately ¥1.2 trillion / Breakdown Consulting: ¥215.1 billion; vulnerability assessments: ¥201.7 billion; email training: ¥64.9 billion; security solutions: ¥784.8 billion / Source Results of the 2021 Economic Census for Business Activity by the Ministry of Internal Affairs and Communications and the Ministry of Economy, Trade and Industry, and average customer spending for the Company's services in the fiscal year ended March 2026, Market Security education courses / Scale ¥1.2 trillion / Breakdown SecuriST: ¥421.9 billion; EC-Council: ¥824.7 billion / Source Calculated based on the estimated number of IT personnel at IT companies for fiscal 2019 and other data from the Information-technology Promotion Agency, Japan (IPA)
Risks identified by the company
Risk of sluggish demand (likelihood of risk materializing: medium)
Risk that demand for cybersecurity among mid-sized companies will decline significantly due to changes in the economic environment and other factors
If the risk materializes, a significant decline in revenue and profit, deterioration in cash flow, and lower employee motivation
Reason for revision or withdrawal
Updated based on actual results for the fiscal year ended March 2026
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan and Growth Strategy |
| Progress against the plan | Partially revised |
| Sales Target | ¥17,188 million → ¥17,222 million（+0.2%） |
| Operating profit target | ¥3,781 million → ¥3,848 million（+1.8%） |
| Operating profit margin target | 22.0% → 22.3%（+1.4%） |
| ROE target | 39.8% (actual for the fiscal year ended March 2026) → Not disclosed |
| Segment target | Segment Cyber security business / Revenue Mix Forecast for the Fiscal Year Ending March 2027 61% / Profit Target Not disclosed, Segment Security education business / Revenue Mix Forecast for the Fiscal Year Ending March 2027 14% / Profit Target Not disclosed, Segment Security personnel business / Revenue Mix Forecast for the Fiscal Year Ending March 2027 24% / Profit Target Not disclosed |
| Plan assumptions | Demand from mid-sized and small companies for security measures remains strong, Thoroughly pursue upselling and cross-selling, enabling balanced growth across all businesses, Demand from IT companies and SIers for cybersecurity talent development remains strong, Expand security education content and utilize online and on-demand delivery, Adopt automation, AI, and frameworks across each business, Develop delivery partner companies, primarily in regional cities, This is a medium-term management plan for existing businesses, and the impact of new businesses and other factors is not incorporated, Growth rate (CAGR) of the network security business market: 6.4% |
| Key initiatives | Improve efficiency and strengthen price competitiveness through AI, Create new services using AI, Develop the AI market implemented with security, Expand sales channels through alliances with regional banks, Strengthen existing sales channels, Expanding GSX locations nationwide, Existing customers: upselling and cross-selling, Strengthen the digital marketing strategy, Develop delivery partner companies, Capital and business alliances, Japan Cyber Security Fund No. 1, Expansion into overseas markets |
| Reason for revision or withdrawal | Updated based on actual results for the fiscal year ended March 2026 |
| Size of the Target Market | Market Network security business market / Scale ¥501.6 billion in fiscal 2018; ¥772.7 billion forecast for fiscal 2025 / Growth rate CAGR 6.4% / Source 2025 Network Security Business Market Survey (Market Edition), Fuji Chimera Research Institute, Inc., Market Potential market size of Japan's cybersecurity market for upper-mid-sized, mid-sized, and small companies / Scale Approximately ¥1.2 trillion / Breakdown Consulting: ¥215.1 billion; vulnerability assessments: ¥201.7 billion; email training: ¥64.9 billion; security solutions: ¥784.8 billion / Source Results of the 2021 Economic Census for Business Activity by the Ministry of Internal Affairs and Communications and the Ministry of Economy, Trade and Industry, and average customer spending for the Company's services in the fiscal year ended March 2026, Market Security education courses / Scale ¥1.2 trillion / Breakdown SecuriST: ¥421.9 billion; EC-Council: ¥824.7 billion / Source Calculated based on the estimated number of IT personnel at IT companies for fiscal 2019 and other data from the Information-technology Promotion Agency, Japan (IPA) |
| Risks identified | Risk of sluggish demand (likelihood of risk materializing: medium), Risk that demand for cybersecurity among mid-sized companies will decline significantly due to changes in the economic environment and other factors, If the risk materializes, a significant decline in revenue and profit, deterioration in cash flow, and lower employee motivation |
| Publication date | 29 June 2026 |
Items this document does not state (12)
Plan periodNet income targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorNon-financial targetsResults under the previous planDate 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.Updated based on actual results for the fiscal year ended March 2026. As assumptions, the Company cited continued strong demand from mid-sized and small companies for security measures and continued strong demand from IT companies and SIers for cybersecurity talent development.
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