Worth reading
72In focus
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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
UpdatesNet Sales-0.3%
基準 47,349Target47,184million
Operating profit-4.5%
基準 1,372Target1,310million
Operating profit margin-0.1pt
基準 2.9Target2.8％
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.
ROE10% (targeting combined operating profit and ordinary profit of ¥3 billion and ROE of 10% for FY27 and FY28) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planNet Sales ¥40,841 million / Gross profit ¥4,617 million / Operating profit ¥1,140 million / Ordinary income ¥1,171 million → Net Sales ¥40,006 million / Gross profit ¥3,644 million / Operating profit ¥625 million / Ordinary income ¥766 million（Net Sales Approx. -2.0% / Gross profit Approx. -21.0% / Operating profit Approx. -45.1% / Ordinary income Approx. -34.6%）
Statements about the use of capital
Payout ratio / DOE policyA consolidated dividend payout ratio of approximately 20% to 30% and a total payout ratio of 25% to 50% as guidelines. A DOE floor of 1.0% as a guideline. The applicable period is each fiscal year.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 policyShare repurchases will be considered as an option, with a total payout ratio of 25% to 50% as a guideline. In April 2025 and January 2026, the Company completed two repurchases totaling 522,000 shares and approximately ¥1.116 billion.
Key initiatives
01Maximize LTV through resale in the most critical business areas
02Further advance the strategic collaboration agreement (SCA) with AWS
03Enter strategic areas including security, generative AI, and overseas expansion
04To maximize future AI revenue, change the strategy again so that, for the time being, securing resale business through strategic pricing to gain market share is the top priority
05Control selling, general and administrative expenses through the use of AI and other measures
06Regarding a listing on the Prime Market, carefully consider the optimal timing to demonstrate to the market the sustainable growth potential and corporate value appropriate for a Prime-listed company over the medium to long term, rather than merely meeting formal requirements
Plan assumptionsThe exchange rate assumption for the new FY27 target is ¥150.22 per US dollar, compared with ¥152.75 under the previous mid-term plan. Exchange-rate sensitivity is ¥278 million in revenue and ¥26 million in profit per ¥1 change, annually.
Risks identified by the company
The possibility that the figures may fluctuate significantly due to exchange-rate movements
The difficulty of conducting precise simulations at present regarding the evolution of AI and the expansion of demand
Reason for revision or withdrawal
To establish a dominant position in the rapidly evolving AI market. The Company will prioritize securing large projects. Although this will temporarily reduce resale margins, it aims to improve long-term LTV by first securing the "foundation on which AI operates." Selling, general and administrative expenses will also be controlled through operational efficiencies achieved by using AI within the Company and other measures.
| Item | Details |
|---|---|
| Plan name | Mid-Term Management Policy (Fiscal Years Ending February 2026 to February 2028) |
| Plan period | Fiscal years ending February 2026 to February 2028 |
| Progress against the plan | Updates |
| Sales Target | ¥47,349 million → ¥47,184 million（Approx. -0.3%） |
| Operating profit target | ¥1,372 million → ¥1,310 million（Approx. -4.5%） |
| Operating profit margin target | 2.9 ％ → 2.8 ％（Approx. -3.4%） |
| ROE target | 10% (targeting combined operating profit and ordinary profit of ¥3 billion and ROE of 10% for FY27 and FY28) → Not disclosed |
| Payout ratio / DOE policy | A consolidated dividend payout ratio of approximately 20% to 30% and a total payout ratio of 25% to 50% as guidelines. A DOE floor of 1.0% as a guideline. The applicable period is each fiscal year. |
| Treasury share acquisition policy | Share repurchases will be considered as an option, with a total payout ratio of 25% to 50% as a guideline. In April 2025 and January 2026, the Company completed two repurchases totaling 522,000 shares and approximately ¥1.116 billion. |
| Plan assumptions | The exchange rate assumption for the new FY27 target is ¥150.22 per US dollar, compared with ¥152.75 under the previous mid-term plan. Exchange-rate sensitivity is ¥278 million in revenue and ¥26 million in profit per ¥1 change, annually. |
| Key initiatives | Maximize LTV through resale in the most critical business areas, Further advance the strategic collaboration agreement (SCA) with AWS, Enter strategic areas including security, generative AI, and overseas expansion, To maximize future AI revenue, change the strategy again so that, for the time being, securing resale business through strategic pricing to gain market share is the top priority, Control selling, general and administrative expenses through the use of AI and other measures, Regarding a listing on the Prime Market, carefully consider the optimal timing to demonstrate to the market the sustainable growth potential and corporate value appropriate for a Prime-listed company over the medium to long term, rather than merely meeting formal requirements |
| Results under the previous plan | Net Sales ¥40,841 million / Gross profit ¥4,617 million / Operating profit ¥1,140 million / Ordinary income ¥1,171 million → Net Sales ¥40,006 million / Gross profit ¥3,644 million / Operating profit ¥625 million / Ordinary income ¥766 million（Net Sales Approx. -2.0% / Gross profit Approx. -21.0% / Operating profit Approx. -45.1% / Ordinary income Approx. -34.6%） |
| Reason for revision or withdrawal | To establish a dominant position in the rapidly evolving AI market. The Company will prioritize securing large projects. Although this will temporarily reduce resale margins, it aims to improve long-term LTV by first securing the "foundation on which AI operates." Selling, general and administrative expenses will also be controlled through operational efficiencies achieved by using AI within the Company and other measures. |
| Risks identified | The possibility that the figures may fluctuate significantly due to exchange-rate movements, The difficulty of conducting precise simulations at present regarding the evolution of AI and the expansion of demand |
| Date of board resolution | 14 April 2026 |
| Publication date | 14 April 2026 |
Items this document does not state (9)
Net income targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsSize of the Target Market
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.To prioritize expanding the customer base and market share by strategically securing resale business over short-term gross margins in preparation for growth in the rapidly evolving AI market. Selling, general and administrative expenses will also be controlled through the use of AI within the Company and other measures, thereby maintaining the ordinary profit margin.
How to read this page
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