Worth reading
46Recurring
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
13
Year-on-year change in forecast net sales for the fiscal year ending March 2027 versus actual net sales for the fiscal year ended March 2026 (%)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+13.0%
基準 11,505Target13,000million
Operating profit+0.0%
基準 2,026Target2,027million
Net income for the current fiscal year+0.0%
基準 2,026Target2,027million
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 planForecast for the fiscal year ended March 2025: net sales 8,700, operating profit 570, net income attributable to owners of the parent 360 → Actual for the fiscal year ended March 2025: net sales 8,805, operating profit 605, net income attributable to owners of the parent 337（Net sales +1.2%, operating profit +6.1%, net income attributable to owners of the parent -6.4%）+1.2%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyNumerical targets for the payout ratio and DOE: not disclosed. The basic policy is to maintain stable dividends, while considering progressive dividends that maintain or increase dividends in line with business performance. Forecast annual dividend for the fiscal year ending March 2027: ¥5. Period covered: fiscal year ending March 2027The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Establishing the foundation for a “joint department-store center” based on completion of the Redx department-store standard
02Began expanding into the entire retail industry, including commercial facilities
03Differentiating the business through an end-to-end model linking renovation, goodroom media and facility operations
04The IT and Lifestyle segments aim to create a service platform and develop new businesses together with global expansion.
05Strengthening human resources to strengthen the business
06Establishing a new head office in Aoyama in July 2026
Plan assumptionsThe FY2026 IT budget DI is 39.9, New housing starts are forecast at 800,000 units in FY2030 and 610,000 units in FY2040, The renovation market is approximately ¥8 trillion and is expected to remain firm
Non-financial targetsIndicator Number of goodroom residence units under operation / Target value 2,000 units / Timing Not disclosed
Size of the Target MarketThe renovation market is approximately ¥8 trillion. New housing starts are forecast at 800,000 units in FY2030 and 610,000 units in FY2040. Source: Nomura Research Institute,Ltd., “NEWS RELEASE,” issued 18 June 2026
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Progress against the plan | Annual update |
| Sales Target | 11,505 (actual for the fiscal year ended March 2026) → 13,000 (forecast for the fiscal year ending March 2027)（+13.0%） |
| Operating profit target | 933 (actual for the fiscal year ended March 2026) → 1,100 (forecast for the fiscal year ending March 2027)（+17.9%） |
| Net income target | 607 (actual for the fiscal year ended March 2026) → 680 (forecast for the fiscal year ending March 2027)（+12.0%） |
| Payout ratio / DOE policy | Numerical targets for the payout ratio and DOE: not disclosed. The basic policy is to maintain stable dividends, while considering progressive dividends that maintain or increase dividends in line with business performance. Forecast annual dividend for the fiscal year ending March 2027: ¥5. Period covered: fiscal year ending March 2027 |
| Non-financial targets | Indicator Number of goodroom residence units under operation / Target value 2,000 units / Timing Not disclosed |
| Plan assumptions | The FY2026 IT budget DI is 39.9, New housing starts are forecast at 800,000 units in FY2030 and 610,000 units in FY2040, The renovation market is approximately ¥8 trillion and is expected to remain firm |
| Key initiatives | Establishing the foundation for a “joint department-store center” based on completion of the Redx department-store standard, Began expanding into the entire retail industry, including commercial facilities, Differentiating the business through an end-to-end model linking renovation, goodroom media and facility operations, The IT and Lifestyle segments aim to create a service platform and develop new businesses together with global expansion., Strengthening human resources to strengthen the business, Establishing a new head office in Aoyama in July 2026 |
| Results under the previous plan | Forecast for the fiscal year ended March 2025: net sales 8,700, operating profit 570, net income attributable to owners of the parent 360 → Actual for the fiscal year ended March 2025: net sales 8,805, operating profit 605, net income attributable to owners of the parent 337（Net sales +1.2%, operating profit +6.1%, net income attributable to owners of the parent -6.4%） |
| Size of the Target Market | The renovation market is approximately ¥8 trillion. New housing starts are forecast at 800,000 units in FY2030 and 610,000 units in FY2040. Source: Nomura Research Institute,Ltd., “NEWS RELEASE,” issued 18 June 2026 |
| Publication date | 23 June 2026 |
Items this document does not state (13)
Plan periodOperating profit margin targetROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetReason for revision or withdrawalRisks identifiedDate 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 has positioned the fiscal year ending March 2027 as “a year of business model transformation to strengthen the business,” and plans to roll out the Redx department-store standard in the IT segment, expand goodroom residence in the Lifestyle segment, and integrate renovation, media and facility operations end to end. It aims to expand earnings from its recurring-service business while strengthening and continuing its investments.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.