Worth reading
57In 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
22.4
Year-on-year change in operating profit (%)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+10.3%
基準 2,719Target3,000million
Operating profit+22.9%
基準 218Target268million
Operating profit margin+0.8pt
基準 8.1Target8.9％
Net income for the current fiscal year+13.3%
基準 165Target187million
ROE+4.0pt
基準 2,026Target2,030％
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.
What happened to the previous plan3,182 (planned order value for the fiscal year ending September 2026) → 2,734 (actual order value for the fiscal year ending September 2026)-14.1%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyShareholder returns will also continue (the dividend payout ratio and DOE figures are Not disclosed)The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Self-assessment of PBR and share priceAt the target ROE of 30%, target EPS is expected to be approximately ¥90; at a PER of 17x, the share price would be ¥1,530 and market capitalization would exceed ¥10 billionPBR is a measure of how many times the share price is the book value per share.
Key initiatives
01① Proposing the optimal solution for infrastructure renewal of core systems: hybrid cloud
02② Expanding collaboration with hardware manufacturers such as Dell
03① Promoting sales of the company's proprietary service, Cyber Ninpōchō®
04① Modernizing business systems through the use of AI
05① Introducing foundational technologies (Wi-Fi 6 and network renewal)
06② Local LLMs/SLMs
07③ Full conversion to smart factories
08① Enhancing disaster-experience content
09② Screening metaverse and 3D simulator content
10③ Identifying new major partner companies
11① Promoting a solution-proposal business model starting from customers' intended use and challenges
12② In addition to providing products, producing video content including spatial design and screening of existing content
13① Safety education at large-scale plants and factories
14② Using the metaverse in residential sales
15③ Using the metaverse in school education
Plan assumptionsA plan premised on organic growth through expansion of existing businesses
Segment targetSegment Secure Cloud Systems Business / Net Sales ¥2,820 million / Operating profit ¥259 million / Operating profit margin 9.2％, Segment Emotional systems business / Net Sales ¥180 million / Operating profit ¥88 million / Operating profit margin Not disclosed
Non-financial targetsIndicator Number of employees / Target value 100 people / Timing Near-term milestone, Indicator Engineers' billable utilization rate / Target value 70.0％ / Timing Fiscal year ending September 2027, Indicator Exhibiting at disaster preparedness events / Target value At least 10 annually / Timing Annual, Indicator Hiring new graduates joining in 2027 / Target value 6 job offers made / Timing Graduating in 2027
Size of the Target MarketMarket Domestic IT modernization market / Scale ¥1.30 trillion (2025) → ¥2.12 trillion (forecast for 2030) / Growth Rate CAGR10.2％ / Source IDC Japan, “Domestic IT Modernization Market Forecast”, Market Disaster prevention information systems and services market / Scale Approximately ¥215.3 billion (fiscal 2025) → approximately ¥245.9 billion (fiscal 2031) / Growth Rate Not disclosed / Source 株式会社シード・プランニング, “Latest Trends in the Disaster Prevention Information Systems and Services Market: 2026 Edition”, Market Domestic metaverse market / Scale ¥799.8 billion (2025) → ¥3.8759 trillion (2030) / Growth Rate Not disclosed / Source Ministry of Internal Affairs and Communications, 2026 White Paper on Information and Communications in Japan; Statista, Market Global metaverse market / Scale $103.6 billion (2025) → $507.8 billion (2030) / Growth Rate Not disclosed / Source Ministry of Internal Affairs and Communications, 2026 White Paper on Information and Communications in Japan; Statista, Market Domestic travel spending by Japanese residents / Scale ¥26.7845 trillion (2025) / Growth Rate Up 6.8% year on year / Source Japan Tourism Agency, “Survey of Travel and Tourism Consumption Trends: 2025 Annual Results (Final)”
Risks identified by the company
Securing human resources
Impact of system failures
Impact of defects and other issues affecting the company's products and services
Use of third-party software (Citrix)
Industry trends
Variability in the timing of revenue recognition for projects or deterioration in project profitability
Emotional Systems business
Reason for revision or withdrawal
Achieving and maintaining ROE of 30% by the fiscal year ending September 2030 requires sustained growth in revenue and profit. For the fiscal year ending September 2027, the company will increase order volume by strengthening its sales workforce and systematizing project management, improve productivity and revenue utilization by strengthening the capabilities of junior engineers and using AI, and continue hiring, primarily new graduates.
| Item | Details |
|---|---|
| Plan name | Medium- to long-term growth strategy (ROE target of 30% for the fiscal year ending September 2030) / Plan for the fiscal year ending September 2027 |
| Plan period | Fiscal year ending September 2027 (plan) to fiscal year ending September 2030 (deadline for achieving the KGI) |
| Progress against the plan | Annual update |
| Sales Target | ¥2,719 million → ¥3,000 million（＋10.3％） |
| Operating profit target | ¥218 million → ¥268 million（＋22.4％） |
| Operating profit margin target | 8.1 ％ → 8.9 ％ |
| Net income target | ¥165 million → ¥187 million（＋12.9％） |
| ROE target | 14.4% (actual for the fiscal year ended September 2026) → 15.9% (plan for the fiscal year ending September 2027) / 30% (by the fiscal year ending September 2030) |
| Payout ratio / DOE policy | Shareholder returns will also continue (the dividend payout ratio and DOE figures are Not disclosed) |
| Self-assessment of PBR and share price | At the target ROE of 30%, target EPS is expected to be approximately ¥90; at a PER of 17x, the share price would be ¥1,530 and market capitalization would exceed ¥10 billion |
| Segment target | Segment Secure Cloud Systems Business / Net Sales ¥2,820 million / Operating profit ¥259 million / Operating profit margin 9.2％, Segment Emotional systems business / Net Sales ¥180 million / Operating profit ¥88 million / Operating profit margin Not disclosed |
| Non-financial targets | Indicator Number of employees / Target value 100 people / Timing Near-term milestone, Indicator Engineers' billable utilization rate / Target value 70.0％ / Timing Fiscal year ending September 2027, Indicator Exhibiting at disaster preparedness events / Target value At least 10 annually / Timing Annual, Indicator Hiring new graduates joining in 2027 / Target value 6 job offers made / Timing Graduating in 2027 |
| Plan assumptions | A plan premised on organic growth through expansion of existing businesses |
| Key initiatives | ① Proposing the optimal solution for infrastructure renewal of core systems: hybrid cloud, ② Expanding collaboration with hardware manufacturers such as Dell, ① Promoting sales of the company's proprietary service, Cyber Ninpōchō®, ① Modernizing business systems through the use of AI, ① Introducing foundational technologies (Wi-Fi 6 and network renewal), ② Local LLMs/SLMs, ③ Full conversion to smart factories, ① Enhancing disaster-experience content, ② Screening metaverse and 3D simulator content, ③ Identifying new major partner companies, ① Promoting a solution-proposal business model starting from customers' intended use and challenges, ② In addition to providing products, producing video content including spatial design and screening of existing content, ① Safety education at large-scale plants and factories, ② Using the metaverse in residential sales, ③ Using the metaverse in school education |
| Results under the previous plan | 3,182 (planned order value for the fiscal year ending September 2026) → 2,734 (actual order value for the fiscal year ending September 2026) |
| Reason for revision or withdrawal | Achieving and maintaining ROE of 30% by the fiscal year ending September 2030 requires sustained growth in revenue and profit. For the fiscal year ending September 2027, the company will increase order volume by strengthening its sales workforce and systematizing project management, improve productivity and revenue utilization by strengthening the capabilities of junior engineers and using AI, and continue hiring, primarily new graduates. |
| Size of the Target Market | Market Domestic IT modernization market / Scale ¥1.30 trillion (2025) → ¥2.12 trillion (forecast for 2030) / Growth Rate CAGR10.2％ / Source IDC Japan, “Domestic IT Modernization Market Forecast”, Market Disaster prevention information systems and services market / Scale Approximately ¥215.3 billion (fiscal 2025) → approximately ¥245.9 billion (fiscal 2031) / Growth Rate Not disclosed / Source 株式会社シード・プランニング, “Latest Trends in the Disaster Prevention Information Systems and Services Market: 2026 Edition”, Market Domestic metaverse market / Scale ¥799.8 billion (2025) → ¥3.8759 trillion (2030) / Growth Rate Not disclosed / Source Ministry of Internal Affairs and Communications, 2026 White Paper on Information and Communications in Japan; Statista, Market Global metaverse market / Scale $103.6 billion (2025) → $507.8 billion (2030) / Growth Rate Not disclosed / Source Ministry of Internal Affairs and Communications, 2026 White Paper on Information and Communications in Japan; Statista, Market Domestic travel spending by Japanese residents / Scale ¥26.7845 trillion (2025) / Growth Rate Up 6.8% year on year / Source Japan Tourism Agency, “Survey of Travel and Tourism Consumption Trends: 2025 Annual Results (Final)” |
| Risks identified | Securing human resources, Impact of system failures, Impact of defects and other issues affecting the company's products and services, Use of third-party software (Citrix), Industry trends, Variability in the timing of revenue recognition for projects or deterioration in project profitability, Emotional Systems business |
| Publication date | 12 November 2026 |
Items this document does not state (6)
ROIC targetTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorDate 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.Achieving ROE of 30% for the fiscal year ending September 2030 requires sustained growth in revenue and profit. The company plans to increase its sales workforce, systematize project management, strengthen the capabilities of junior engineers, improve productivity and revenue utilization through the use of AI, and continue hiring, primarily new graduates.
How to read this page
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