Worth reading
64In 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
160
¥100 million (target sales for the fiscal year ending March 2029)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.1%
基準 2,026Target2,029hundred million
Operating profit+0.1%
基準 2,026Target2,029hundred million
Operating profit margin+3.0pt
基準 2,026Target2,029%
ROE+3.0pt
基準 2,026Target2,029%
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 planRevenue: ¥11.80 billion, operating income: ¥2.30 billion, operating margin: 20.0% → Revenue: ¥10.98 billion, operating income: ¥820 million, operating margin: 7.5%+4,000.0%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyFor the medium-term management plan period (the fiscal years ending March 2027 to March 2029), the Company will target a consolidated dividend payout ratio of 40%. The Company will pay dividends twice a year, consisting of an interim dividend and a year-end dividend.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Shift in development focus
02Develop new customers centered on edge computing and FPGA
03Expand consulting and technical services that only our Company can provide
04Strengthen internally developed software and engineering services, and support customer productivity improvements through initiatives such as the automated creation of processed data
05Expand high-value-added consulting services and pursue cross-selling by leveraging the customer base of other businesses
06Strengthening human capital
07Use of Generative AI
08Improve operational efficiency through the use of core systems
Plan assumptionsJapan embedded systems market: approximately ¥780 billion in 2024, more than ¥1 trillion in 2030, CAGR of 6-7% (Sources: Fortune Business Insights, Business Research Insights, Global Market Insights), Japan edge computing market: approximately ¥1.9 trillion in 2025, approximately ¥2.6 trillion in 2028, CAGR of 11.8% (Sources: Ministry of Internal Affairs and Communications, IDC Japan, Deloitte Tohmatsu MIC Research Institute, Fortune Business Insights), Japan FPGA market: approximately ¥118.3 billion in 2023, approximately ¥273.1 billion in 2030, CAGR of approximately 12.7% (Source: Grand View / Horizon), Domestic PLM market: approximately ¥81.0 billion in fiscal 2025, expected to increase 6.5% year on year (Source: Yano Research Institute), Domestic IT services market: CAGR of 6.6% from 2024 to 2029, reaching ¥9.6625 trillion in 2029 (Source: IDC Japan)
Size of the Target MarketEmbedded systems: Japan market of approximately ¥780 billion in 2024, more than ¥1 trillion in 2030, CAGR of 6-7%. Sources: Fortune Business Insights, Business Research Insights, Global Market Insights, Edge computing: Japan market of approximately ¥1.9 trillion in 2025, approximately ¥2.6 trillion in 2028, CAGR of 11.8%. Sources: Ministry of Internal Affairs and Communications, IDC Japan, Deloitte Tohmatsu MIC Research Institute, Fortune Business Insights, FPGA: Japan market of approximately ¥118.3 billion in 2023, approximately ¥273.1 billion in 2030, CAGR of approximately 12.7%. Source: Grand View / Horizon, PLM: domestic market of approximately ¥81.0 billion in fiscal 2025, expected to increase 6.5% year on year. Source: Yano Research Institute, Domestic IT services market: CAGR of 6.6% from 2024 to 2029, reaching ¥9.6625 trillion in 2029. Source: IDC Japan, Digital twin market: expected to continue growing by more than 10% annually. Source: IDC Japan
Risks identified by the company
Changes in the organizational and sales policies of overseas software vendors
Supply constraints caused by a shortage of engineers
Exposure to economic fluctuations in the manufacturing industry
Fluctuations in Semiconductor Market Conditions
Higher procurement costs due to foreign exchange fluctuations
General industry and market conditions
Interest Rates
General domestic and international economic conditions, including currency and foreign exchange fluctuations
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2026-2028 |
| Plan period | Fiscal 2026 through fiscal 2028 (fiscal years ending March 2027 through March 2029) |
| Progress against the plan | Formulated |
| Sales Target | ¥10.98 billion (actual for the fiscal year ended March 2026) → ¥16.0 billion (target for the fiscal year ending March 2029) |
| Operating profit target | ¥820 million (actual for the fiscal year ended March 2026) → ¥1.4 billion (target for the fiscal year ending March 2029) |
| Operating profit margin target | 7.5% (actual for the fiscal year ended March 2026) → 9% (target for the fiscal year ending March 2029) |
| ROE target | 19.9% (actual for the fiscal year ended March 2026) → 18% (target for the fiscal year ending March 2029) |
| Payout ratio / DOE policy | For the medium-term management plan period (the fiscal years ending March 2027 to March 2029), the Company will target a consolidated dividend payout ratio of 40%. The Company will pay dividends twice a year, consisting of an interim dividend and a year-end dividend. |
| Plan assumptions | Japan embedded systems market: approximately ¥780 billion in 2024, more than ¥1 trillion in 2030, CAGR of 6-7% (Sources: Fortune Business Insights, Business Research Insights, Global Market Insights), Japan edge computing market: approximately ¥1.9 trillion in 2025, approximately ¥2.6 trillion in 2028, CAGR of 11.8% (Sources: Ministry of Internal Affairs and Communications, IDC Japan, Deloitte Tohmatsu MIC Research Institute, Fortune Business Insights), Japan FPGA market: approximately ¥118.3 billion in 2023, approximately ¥273.1 billion in 2030, CAGR of approximately 12.7% (Source: Grand View / Horizon), Domestic PLM market: approximately ¥81.0 billion in fiscal 2025, expected to increase 6.5% year on year (Source: Yano Research Institute), Domestic IT services market: CAGR of 6.6% from 2024 to 2029, reaching ¥9.6625 trillion in 2029 (Source: IDC Japan) |
| Key initiatives | Shift in development focus, Develop new customers centered on edge computing and FPGA, Expand consulting and technical services that only our Company can provide, Strengthen internally developed software and engineering services, and support customer productivity improvements through initiatives such as the automated creation of processed data, Expand high-value-added consulting services and pursue cross-selling by leveraging the customer base of other businesses, Strengthening human capital, Use of Generative AI, Improve operational efficiency through the use of core systems |
| Results under the previous plan | Revenue: ¥11.80 billion, operating income: ¥2.30 billion, operating margin: 20.0% → Revenue: ¥10.98 billion, operating income: ¥820 million, operating margin: 7.5% |
| Size of the Target Market | Embedded systems: Japan market of approximately ¥780 billion in 2024, more than ¥1 trillion in 2030, CAGR of 6-7%. Sources: Fortune Business Insights, Business Research Insights, Global Market Insights, Edge computing: Japan market of approximately ¥1.9 trillion in 2025, approximately ¥2.6 trillion in 2028, CAGR of 11.8%. Sources: Ministry of Internal Affairs and Communications, IDC Japan, Deloitte Tohmatsu MIC Research Institute, Fortune Business Insights, FPGA: Japan market of approximately ¥118.3 billion in 2023, approximately ¥273.1 billion in 2030, CAGR of approximately 12.7%. Source: Grand View / Horizon, PLM: domestic market of approximately ¥81.0 billion in fiscal 2025, expected to increase 6.5% year on year. Source: Yano Research Institute, Domestic IT services market: CAGR of 6.6% from 2024 to 2029, reaching ¥9.6625 trillion in 2029. Source: IDC Japan, Digital twin market: expected to continue growing by more than 10% annually. Source: IDC Japan |
| Risks identified | Changes in the organizational and sales policies of overseas software vendors, Supply constraints caused by a shortage of engineers, Exposure to economic fluctuations in the manufacturing industry, Fluctuations in Semiconductor Market Conditions, Higher procurement costs due to foreign exchange fluctuations, General industry and market conditions, Interest Rates, General domestic and international economic conditions, including currency and foreign exchange fluctuations |
| Date of board resolution | 15 May 2026 |
| Publication date | 15 May 2026 |
Items this document does not state (10)
Net income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsReason for revision or withdrawal
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 pursue the evolution into a total solutions partner toward realizing the long-term vision, while expanding existing businesses and pursuing business expansion through new M&A. The Company also aims to balance financial stability and capital efficiency, while maintaining a balance with investment for sustainable growth.
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.