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
45
¥100 million (total investment over three years)Wording
Conditional
How definitive the wording is.Contents of this document
Medium-Term Management Plan PresentationFiscal years ending March 2027 to March 202911 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥360 100 million target for the fiscal year ending March 2029
Operating profit¥35 100 million target for the fiscal year ending March 2029
Operating profit margin9.7 % target for the fiscal year ending March 2029
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Under the previous medium-term management plan, revenue fell slightly short of the revised plan, while operating profit met the target. Approximately 90% of the overall investment target was executed.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue growth in the IT-related businesses, structural reform of the Parking Systems Business, withdrawal from low-profitability projects, use of advanced IT, and a shift to upstream processes, among other factors. Amounts by factor: Not disclosed
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Cumulative net income of ¥6.0 billion over three years, cash of ¥7.8 billion at the end of March 2026, cash of ¥7.5 billion to ¥9.0 billion at the end of March 2029, an equity ratio of at least 50%, cash and deposits equivalent to 2.5 to 3.0 months of monthly sales, and a guideline of approximately 2% of the total number of shares issued as the upper limit for treasury shares heldNew initiatives
Development and rollout of next-generation bicycle parking systems, development of apps and membership services compatible with EcoStation21 and ECOPOOL, launch of the ジテレコ bicycle-related business in winter 2026, use of AI-driven development, AIOps and AI agents, establishment of a cross-NCD Group CoE, launch of a specialized new-business department, introduction of a progressive dividend policy, lowering the minimum number of shares eligible for shareholder benefits from 1,000 to 100, and relocation of the head officeKey KPIsA metric the company considers important as a management benchmark.
37,500 new ECOPOOL installations over three years, 55 projects using advanced IT over three years, 210 projects using cloud services over three years, 50 advanced IT-related qualifications obtained over three years, a 17% ratio of women in management, a 100% male childcare-leave utilization rate, an engagement index of 75%, and 72 participants in the next-generation leadership development program over three years, among other KPIsSegment results
System Development Business: revenue of ¥12.729 billion and segment profit of ¥942 million for the fiscal year ending March 2026. Support & Services Business: revenue of ¥9.961 billion and segment profit of ¥631 million. Parking Systems Business: revenue of ¥8.128 billion and segment profit of ¥1.142 billion. Year-on-year changes: Not disclosedMedium-term management plan targets
Fiscal year ending March 2029: revenue of ¥36.0 billion, operating profit of ¥3.5 billion, an operating margin of 9.7%, ROE of at least 20% and ROIC of at least 20%. The Group Vision targets for the fiscal year ending March 2032 are revenue of ¥40.0 billion, operating profit of ¥4.0 billion and an operating margin of 10.0%.Financial targets
Target for the fiscal year ending March 2029: ROE of at least 20% and ROIC of at least 20%. Actual results for the fiscal year ending March 2026: ROE of 22.9% and ROIC of 18.5%. Equity ratio guideline: at least 50%Capital expenditures
¥12 100 million fiscal years ending March 2027 to March 2029; capital expenditures and other investments
Payout ratio
A consolidated dividend payout ratio of at least 50% as a guideline. The company has adopted a progressive dividend policy and, in principle, will maintain or increase dividends without reducing them.Acquisition of treasury shares
Share buybacks are planned to be conducted opportunistically depending on market conditions and other factors. Share buybacks are included in the ¥3.0 billion to ¥4.2 billion of shareholder returns under Vision2029. The specific number of shares to be acquired and the acquisition period: Not disclosed| Item | Details |
|---|---|
| Document type | Medium-Term Management Plan Presentation |
| Fiscal Period Covered | Fiscal years ending March 2027 to March 2029 |
| Net Sales | ¥360 100 million (target for the fiscal year ending March 2029) |
| Operating profit | ¥35 100 million (target for the fiscal year ending March 2029) |
| Operating profit margin | 9.7 % (target for the fiscal year ending March 2029) |
| Self-assessment against the plan | Under the previous medium-term management plan, revenue fell slightly short of the revised plan, while operating profit met the target. Approximately 90% of the overall investment target was executed. |
| Segment results | System Development Business: revenue of ¥12.729 billion and segment profit of ¥942 million for the fiscal year ending March 2026. Support & Services Business: revenue of ¥9.961 billion and segment profit of ¥631 million. Parking Systems Business: revenue of ¥8.128 billion and segment profit of ¥1.142 billion. Year-on-year changes: Not disclosed |
| Breakdown of Factors Affecting the Change | Revenue growth in the IT-related businesses, structural reform of the Parking Systems Business, withdrawal from low-profitability projects, use of advanced IT, and a shift to upstream processes, among other factors. Amounts by factor: Not disclosed |
| Key KPIs | 37,500 new ECOPOOL installations over three years, 55 projects using advanced IT over three years, 210 projects using cloud services over three years, 50 advanced IT-related qualifications obtained over three years, a 17% ratio of women in management, a 100% male childcare-leave utilization rate, an engagement index of 75%, and 72 participants in the next-generation leadership development program over three years, among other KPIs |
| Assumptions Underlying the Business Outlook | Cumulative net income of ¥6.0 billion over three years, cash of ¥7.8 billion at the end of March 2026, cash of ¥7.5 billion to ¥9.0 billion at the end of March 2029, an equity ratio of at least 50%, cash and deposits equivalent to 2.5 to 3.0 months of monthly sales, and a guideline of approximately 2% of the total number of shares issued as the upper limit for treasury shares held |
| Medium-term management plan targets | Fiscal year ending March 2029: revenue of ¥36.0 billion, operating profit of ¥3.5 billion, an operating margin of 9.7%, ROE of at least 20% and ROIC of at least 20%. The Group Vision targets for the fiscal year ending March 2032 are revenue of ¥40.0 billion, operating profit of ¥4.0 billion and an operating margin of 10.0%. |
| Financial targets | Target for the fiscal year ending March 2029: ROE of at least 20% and ROIC of at least 20%. Actual results for the fiscal year ending March 2026: ROE of 22.9% and ROIC of 18.5%. Equity ratio guideline: at least 50% |
| Payout ratio | A consolidated dividend payout ratio of at least 50% as a guideline. The company has adopted a progressive dividend policy and, in principle, will maintain or increase dividends without reducing them. |
| Acquisition of treasury shares | Share buybacks are planned to be conducted opportunistically depending on market conditions and other factors. Share buybacks are included in the ¥3.0 billion to ¥4.2 billion of shareholder returns under Vision2029. The specific number of shares to be acquired and the acquisition period: Not disclosed |
| Capital expenditures | ¥12 100 million (fiscal years ending March 2027 to March 2029; capital expenditures and other investments) |
| New initiatives | Development and rollout of next-generation bicycle parking systems, development of apps and membership services compatible with EcoStation21 and ECOPOOL, launch of the ジテレコ bicycle-related business in winter 2026, use of AI-driven development, AIOps and AI agents, establishment of a cross-NCD Group CoE, launch of a specialized new-business department, introduction of a progressive dividend policy, lowering the minimum number of shares eligible for shareholder benefits from 1,000 to 100, and relocation of the head office |
Items this document does not state (15)
Ordinary incomeNet incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendOrders received and order backlogMarket Size / ShareKey points of the Q&A
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.Although the previous medium-term management plan made some progress, challenges remained, including improving profitability and increasing the added value of the businesses. The company determined that converting to a high-value-added business model with strong expertise and proposal capabilities, and developing growth areas, would be necessary to enhance its competitive advantages and help solve customers' fundamental problems.
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.