Worth reading
49Recurring
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
-25
¥ million (decrease in operating profit from the previous fiscal year's actual results)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+10.0%
基準 2,181Target2,400million
Operating profit+0.0%
基準 2,026Target2,027million
Operating profit margin-1.0pt
基準 4Target3%
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. 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 2,177, operating profit 70, net income 49 → Revenue 2,181, operating profit 97, net income 74（Revenue 100%, operating profit 139%, net income 151%）+0.2%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyThe disclosure states that a 10th anniversary commemorative dividend was paid, but the target payout ratio, DOE level and applicable period are not disclosedThe payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Strengthen customer acquisition
02Strengthen customer acquisition through existing channels
03Develop new customer acquisition channels
04Increasing Service Awareness
05Optimize UI/UX
06Optimize the space reservation experience
07Improve the space usage experience
08Promote repeat use and increase usage frequency
09Increase average unit prices
10Acquire longer-duration bookings
11Acquire bookings for larger groups
12Acquire corporate users
13Maximize the number of listed spaces
14Expand the number of spaces in existing categories
15Develop new space categories
16Expand alliances with major companies
17Prioritize investments that contribute to Instabase's growth strategy
18Include peripheral areas of the existing business as investment targets
Plan assumptionsItem Annual average growth rate of the space-sharing market / Figures 31.3% / Subject Medium- to Long-Term Outlook, Item Compound annual growth rate of the meeting room and rental space market / Figures 24.7% / Subject Medium- to Long-Term Outlook
Non-financial targetsIndicator Number of uses / Target value 1,904 thousand / Timing Fiscal year ending March 2027, Indicator Number of listed spaces / Target value 51.4 thousand / Timing Fiscal year ending March 2027, Indicator Increase in listed spaces / Target value 5 thousand / Timing Fiscal year ending March 2027
Size of the Target MarketMarket Space-sharing market / Scale ¥4.8 trillion / Growth rate 31.3% / Source Information and Communications Research Institute, Inc., "Survey Results on the Sharing Economy: Fiscal 2022 Survey", Market Meeting room rental and rental workspace market / Scale ¥1.7 trillion / Growth rate 24.7% / Source Estimated by the company based on the "2018 Service Industry Directory" (Fuji Keizai Networks Co., Ltd.), "Market Forecast for Automotive-Related Infrastructure Systems/Parking and Sharing Services 2019" (Fuji Keizai Co., Ltd.), and "Survey of the Rental Meeting Room Market (2019)" (press release by Yano Research Institute)
Risks identified by the company
System failures and information security
Failures at data centers
Handling of personal information
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Plan period | Fiscal year ending March 2027 |
| Progress against the plan | Annual update |
| Sales Target | Actual results for the fiscal year ended March 2026: 2,181 → Earnings forecast for the fiscal year ending March 2027: 2,400（+10%） |
| Operating profit target | Actual results for the fiscal year ended March 2026: 97 → Earnings forecast for the fiscal year ending March 2027: 72（-26%） |
| Operating profit margin target | 4% → 3% |
| Net income target | Actual results for the fiscal year ended March 2026: 74 → Earnings forecast for the fiscal year ending March 2027: 55（-26%） |
| Payout ratio / DOE policy | The disclosure states that a 10th anniversary commemorative dividend was paid, but the target payout ratio, DOE level and applicable period are not disclosed |
| Non-financial targets | Indicator Number of uses / Target value 1,904 thousand / Timing Fiscal year ending March 2027, Indicator Number of listed spaces / Target value 51.4 thousand / Timing Fiscal year ending March 2027, Indicator Increase in listed spaces / Target value 5 thousand / Timing Fiscal year ending March 2027 |
| Plan assumptions | Item Annual average growth rate of the space-sharing market / Figures 31.3% / Subject Medium- to Long-Term Outlook, Item Compound annual growth rate of the meeting room and rental space market / Figures 24.7% / Subject Medium- to Long-Term Outlook |
| Key initiatives | Strengthen customer acquisition, Strengthen customer acquisition through existing channels, Develop new customer acquisition channels, Increasing Service Awareness, Optimize UI/UX, Optimize the space reservation experience, Improve the space usage experience, Promote repeat use and increase usage frequency, Increase average unit prices, Acquire longer-duration bookings, Acquire bookings for larger groups, Acquire corporate users, Maximize the number of listed spaces, Expand the number of spaces in existing categories, Develop new space categories, Expand alliances with major companies, Prioritize investments that contribute to Instabase's growth strategy, Include peripheral areas of the existing business as investment targets |
| Results under the previous plan | Revenue 2,177, operating profit 70, net income 49 → Revenue 2,181, operating profit 97, net income 74（Revenue 100%, operating profit 139%, net income 151%） |
| Size of the Target Market | Market Space-sharing market / Scale ¥4.8 trillion / Growth rate 31.3% / Source Information and Communications Research Institute, Inc., "Survey Results on the Sharing Economy: Fiscal 2022 Survey", Market Meeting room rental and rental workspace market / Scale ¥1.7 trillion / Growth rate 24.7% / Source Estimated by the company based on the "2018 Service Industry Directory" (Fuji Keizai Networks Co., Ltd.), "Market Forecast for Automotive-Related Infrastructure Systems/Parking and Sharing Services 2019" (Fuji Keizai Co., Ltd.), and "Survey of the Rental Meeting Room Market (2019)" (press release by Yano Research Institute) |
| Risks identified | System failures and information security, Failures at data centers, Handling of personal information |
| Publication date | June 2026 |
Items this document does not state (10)
ROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetReason for revision or withdrawalDate 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 will continue making proactive investments to support medium- to long-term growth, focusing on the growth of Instabase and research and development in new areas. In addition, one-time office relocation costs of ¥58 million are expected to be incurred in the fiscal year ending March 2027.
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.