Worth reading
53Recurring
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
4250
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+97.7%
基準 10,877Target21,500million
Operating profit+176.7%
基準 1,536Target4,250million
Operating profit margin+3.0pt
基準 18Target21%
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 plan¥1,470 million → ¥1,536 million（+4.5% (calculated)）+4.5%Calculated from the two disclosed figures
Total investment planamount Over ¥100 billion
Key initiatives
01Enhance building safety and functionality to extend useful life and increase value
02Create new value through changes of use and planning
03Expand financing options and pursue large-scale redevelopment projects
04Improve the operating profit margin by developing high-profit properties
05Target continued operating profit growth of at least +40%
06Increase the proportion of profitable properties held and improve the operating profit margin
07Expand the hotel business as well
08Plan to attract tenants for up to 29 units across 3 properties
Non-financial targetsIndicator name Number of hotel properties / Target value 6 properties / Timing Including properties already opened and under development, Indicator name Hotel rooms / Target value Approximately 100 rooms / Timing Including properties already opened and under development, Indicator name Attracting tenants for urban shopping malls / Target value Up to 29 units across 3 properties / Timing Plan
Risks identified by the company
Economic conditions in Japan and overseas
Trends in industries related to the Company
Changes in the operating environment
Risks and uncertainties relating to future results
Reason for revision or withdrawal
Improve the operating profit margin by developing high-profit properties. Increase the number of profitable properties held, with the operating profit margin expected to improve year after year.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2029 |
| Plan period | 19th fiscal year (fiscal year ending September 2027) to 21st fiscal year (fiscal year ending September 2029) |
| Progress against the plan | Annual update |
| Sales Target | 10,877 (actual results for the 18th fiscal year) → 21,500 (plan for the 21st fiscal year)（CAGR 25.5% (from actual results for the 18th fiscal year to the plan for the 21st fiscal year)） |
| Operating profit target | 1,536 (actual results for the 18th fiscal year) → 4,250 (plan for the 21st fiscal year)（CAGR 40.4% (from actual results for the 18th fiscal year to the plan for the 21st fiscal year)） |
| Operating profit margin target | 14.1% (actual results for the 18th fiscal year) → 19.8% (plan for the 21st fiscal year) |
| Total investment plan | amount Over ¥100 billion |
| Non-financial targets | Indicator name Number of hotel properties / Target value 6 properties / Timing Including properties already opened and under development, Indicator name Hotel rooms / Target value Approximately 100 rooms / Timing Including properties already opened and under development, Indicator name Attracting tenants for urban shopping malls / Target value Up to 29 units across 3 properties / Timing Plan |
| Key initiatives | Enhance building safety and functionality to extend useful life and increase value, Create new value through changes of use and planning, Expand financing options and pursue large-scale redevelopment projects, Improve the operating profit margin by developing high-profit properties, Target continued operating profit growth of at least +40%, Increase the proportion of profitable properties held and improve the operating profit margin, Expand the hotel business as well, Plan to attract tenants for up to 29 units across 3 properties |
| Results under the previous plan | ¥1,470 million → ¥1,536 million（+4.5% (calculated)） |
| Reason for revision or withdrawal | Improve the operating profit margin by developing high-profit properties. Increase the number of profitable properties held, with the operating profit margin expected to improve year after year. |
| Risks identified | Economic conditions in Japan and overseas, Trends in industries related to the Company, Changes in the operating environment, Risks and uncertainties relating to future results |
| Publication date | 27 October 2026 |
Items this document does not state (12)
Net income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceInvestment amount by sectorSegment targetPlan assumptionsSize of the Target MarketDate 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 improve the operating profit margin by developing high-profit properties and increase the proportion of profitable properties held. The company explained that properties already acquired will account for most of the operating profit under the medium-term management plan.
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.