Worth reading
80Important
Scored from 4 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-1066
¥ million (difference from the medium-term management plan target for revenue in the fiscal year ending March 2027)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales-19.7%
基準 5,411Target4,345million
Operating profit-50.5%
基準 1,011Target500million
Net income for the current fiscal year-52.1%
基準 681Target326million (net income attributable to owners of the parent)
ROE-6.6pt
基準 20Target13.4%
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 planNet Sales 5,411 / Operating profit 1,011 / Profit attributable to owners of the parent 681 / ROE 20% → Net Sales 4,345 / Operating profit 500 / Profit attributable to owners of the parent 326 / ROE 13.4%（Net Sales 80.3% (achievement rate) / Operating profit 49.5% (achievement rate) / Profit attributable to owners of the parent 48.0% (achievement rate) / ROE 66.7% (achievement rate)）
Investment amount by sectorField Building the foundations for data and operations / Amount Not disclosed, Field AI-related investment / Amount Not disclosed, Field M&A / Amount Not disclosed
Key initiatives
01Strengthen the development of Commerce Connect
02Integrate data platforms
03Connect AI agents
04Group Synergies
05Replace the loyalty design platform
06Expand AI-related investments
07Define M&A evaluation criteria covering business, financial and PMI aspects
Plan assumptionsE-commerce penetration in the domestic food sector: 4.5% as of 2024. Source: Ministry of Economy, Trade and Industry, “FY2024 E-Commerce Market Survey”
Size of the Target MarketE-commerce penetration in the domestic food sector: 4.5% as of 2024. Source: Ministry of Economy, Trade and Industry, “FY2024 E-Commerce Market Survey”
Risks identified by the company
Trends in the domestic e-commerce market
Market risks specific to the e-commerce market
Dependence on internet infrastructure
Competition
Technological Innovation
Natural disasters and other events
Being a service for small and midsize businesses
Reason for revision or withdrawal
Because the necessary growth investments were made, M&A transactions were not executed and the development plan for the multichannel management system “Commerce Connect” was revised, revenue, profit at each level and capital efficiency all fell short of the levels set when the medium-term management plan was formulated.
| Item | Details |
|---|---|
| Plan name | 2023 Medium-Term Management Plan |
| Plan period | 2023 Medium-Term Management Plan–fiscal year ending March 2027 |
| Progress against the plan | Annual update |
| Sales Target | ¥5,411 million → ¥4,345 million（80.3% (achievement rate)） |
| Operating profit target | ¥1,011 million → ¥500 million（49.5% (achievement rate)） |
| Net income target | ¥681 million (net income attributable to owners of the parent) → ¥326 million (net income attributable to owners of the parent)（48.0% (achievement rate)） |
| ROE target | 20% → 13.4%（66.7% (achievement rate)） |
| Investment amount by sector | Field Building the foundations for data and operations / Amount Not disclosed, Field AI-related investment / Amount Not disclosed, Field M&A / Amount Not disclosed |
| Plan assumptions | E-commerce penetration in the domestic food sector: 4.5% as of 2024. Source: Ministry of Economy, Trade and Industry, “FY2024 E-Commerce Market Survey” |
| Key initiatives | Strengthen the development of Commerce Connect, Integrate data platforms, Connect AI agents, Group Synergies, Replace the loyalty design platform, Expand AI-related investments, Define M&A evaluation criteria covering business, financial and PMI aspects |
| Results under the previous plan | Net Sales 5,411 / Operating profit 1,011 / Profit attributable to owners of the parent 681 / ROE 20% → Net Sales 4,345 / Operating profit 500 / Profit attributable to owners of the parent 326 / ROE 13.4%（Net Sales 80.3% (achievement rate) / Operating profit 49.5% (achievement rate) / Profit attributable to owners of the parent 48.0% (achievement rate) / ROE 66.7% (achievement rate)） |
| Reason for revision or withdrawal | Because the necessary growth investments were made, M&A transactions were not executed and the development plan for the multichannel management system “Commerce Connect” was revised, revenue, profit at each level and capital efficiency all fell short of the levels set when the medium-term management plan was formulated. |
| Size of the Target Market | E-commerce penetration in the domestic food sector: 4.5% as of 2024. Source: Ministry of Economy, Trade and Industry, “FY2024 E-Commerce Market Survey” |
| Risks identified | Trends in the domestic e-commerce market, Market risks specific to the e-commerce market, Dependence on internet infrastructure, Competition, Technological Innovation, Natural disasters and other events, Being a service for small and midsize businesses |
| Publication date | 26 June 2026 |
Items this document does not state (10)
Operating profit margin targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planSegment targetNon-financial targetsDate 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 targets were not achieved because the necessary growth investments were made, M&A transactions were not executed, and the development plan for the multichannel management system “Commerce Connect” was revised. The company also cited delays in development execution, insufficient execution of non-organic growth initiatives and responses to changes in the external environment as major factors.
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.