Worth reading
58In 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
15000
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+163.2%
基準 5,700Target15,000million
Operating profit+48.1%
基準 2,026Target3,000million
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. 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 planNot disclosed → 4,653 (actual for the fiscal year ended December 2025)
Statements about the use of capital
Payout ratio / DOE policyTargeting a consolidated payout ratio of approximately 20%. Period covered: 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
01Geographic expansion
02In-house agency services
03Redesign of the service structure
04Development of matching AI
05Services making full use of working data
06Discontinuous growth through M&A
07Review of the pricing model
08Expansion of agency functions
09Full-scale rollout of review and AI initiatives
Plan assumptionsThe domestic working-age population is projected to be 61.49 million in 2025, 58.80 million in 2030, 52.68 million in 2040, 46.40 million in 2050 and 41.57 million in 2060., The mid-career recruitment market, defined as the recruitment agency market for white-collar positions, was ¥449 billion in 2024.
Segment targetSegment OpenWork / Sales target 1,240 (forecast for the fiscal year ending December 2026) / Profit Target Not disclosed, Segment OpenWork Recruiting / Sales target 4,239 (forecast for the fiscal year ending December 2026) / Profit Target Not disclosed, Segment Alternative Data Services / Sales target 220 (forecast for the fiscal year ending December 2026) / Profit Target Not disclosed
Non-financial targetsIndicator name Overall rating / Target value 3.5 (top 3%) / Timing Not disclosed, Indicator name Engagement score (ES) / Target value AAA (highest rank) / Timing Not disclosed, Indicator name ES for GMs (section manager level) / Target value Improve to AA (second-highest of 11 levels) / Timing Not disclosed
Size of the Target MarketMid-career recruitment market (recruitment agency market for white-collar positions in 2024): ¥449 billion. Source: Yano Research Institute Ltd., “Survey of the Human Resources Business Market (2025)” (released 24 October 2025)
Risks identified by the company
Inappropriate employee reviews posted on the OpenWork website
Occurrence of system failures
Reason for revision or withdrawal
Following a review of capital allocation based on its medium-term growth targets, the company determined that it could pursue both growth investments, including M&A, and shareholder returns, and decided to pay dividends from retained earnings. To make maximum use of its large user base, data and cash, it will focus on identifying appropriate external companies and bringing them into the Group.
| Item | Details |
|---|---|
| Plan name | Growth Plan through 2030 |
| Plan period | By 2030 |
| Progress against the plan | Annual update |
| Sales Target | 5,700 (forecast for the fiscal year ending December 2026) → 15,000 or more (2030) |
| Operating profit target | 1,450 (forecast for the fiscal year ending December 2026) → 3,000 or more (2030) |
| Payout ratio / DOE policy | Targeting a consolidated payout ratio of approximately 20%. Period covered: Not disclosed |
| Segment target | Segment OpenWork / Sales target 1,240 (forecast for the fiscal year ending December 2026) / Profit Target Not disclosed, Segment OpenWork Recruiting / Sales target 4,239 (forecast for the fiscal year ending December 2026) / Profit Target Not disclosed, Segment Alternative Data Services / Sales target 220 (forecast for the fiscal year ending December 2026) / Profit Target Not disclosed |
| Non-financial targets | Indicator name Overall rating / Target value 3.5 (top 3%) / Timing Not disclosed, Indicator name Engagement score (ES) / Target value AAA (highest rank) / Timing Not disclosed, Indicator name ES for GMs (section manager level) / Target value Improve to AA (second-highest of 11 levels) / Timing Not disclosed |
| Plan assumptions | The domestic working-age population is projected to be 61.49 million in 2025, 58.80 million in 2030, 52.68 million in 2040, 46.40 million in 2050 and 41.57 million in 2060., The mid-career recruitment market, defined as the recruitment agency market for white-collar positions, was ¥449 billion in 2024. |
| Key initiatives | Geographic expansion, In-house agency services, Redesign of the service structure, Development of matching AI, Services making full use of working data, Discontinuous growth through M&A, Review of the pricing model, Expansion of agency functions, Full-scale rollout of review and AI initiatives |
| Results under the previous plan | Not disclosed → 4,653 (actual for the fiscal year ended December 2025) |
| Reason for revision or withdrawal | Following a review of capital allocation based on its medium-term growth targets, the company determined that it could pursue both growth investments, including M&A, and shareholder returns, and decided to pay dividends from retained earnings. To make maximum use of its large user base, data and cash, it will focus on identifying appropriate external companies and bringing them into the Group. |
| Size of the Target Market | Mid-career recruitment market (recruitment agency market for white-collar positions in 2024): ¥449 billion. Source: Yano Research Institute Ltd., “Survey of the Human Resources Business Market (2025)” (released 24 October 2025) |
| Risks identified | Inappropriate employee reviews posted on the OpenWork website, Occurrence of system failures |
| Publication date | 24 March 2026 |
Items this document does not state (10)
Operating profit margin targetNet income targetROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal 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.To achieve discontinuous growth by fully leveraging working data in service development and bringing appropriate companies into the Group, making maximum use of its large user base, data and cash. In addition, following a review of capital allocation based on its medium-term growth targets, the company determined that it could pursue both growth investments, including M&A, and shareholder returns.
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.