Worth reading
60In focus
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
548
¥ million (FY2026 revenue forecast compared with FY2025 actual)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+0.0%
基準 2,025Target2,026million
Operating profit+0.0%
基準 2,025Target2,026million
Net income for the current fiscal year+0.0%
基準 2,025Target2,026million
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 planFY2025 budget (initial plan): 1,513 → FY2025 actual: 1,051（▲30.5%）0.0%Calculated from the two disclosed figures
Key initiatives
01Standardization and packaging
02Transition to a recurring-revenue model
03Optimization of resource allocation
04Plant inspections (BEP Inspection)
05Power transmission line inspections (BEP Line)
06Stable operation of standard packages using BEP Port
Plan assumptionsDemand assumptions Expanding demand in the public infrastructure sector / Earnings improvement assumptions Improving the earnings structure through standardization and optimizing selling, general and administrative expenses
Segment targetSegment Inspection Solutions / FY2025 actual ¥576 million / FY2026 forecast ¥1,135 million / Year on year +¥559 million, +97%, Segment Port Solutions / FY2025 actual ¥252 million / FY2026 forecast ¥279 million / Year on year +¥27 million, +11%, Segment Education Solutions / FY2025 actual ¥203 million / FY2026 forecast ¥158 million / Year on year ▲¥44 million, ▲22%
Size of the Target MarketSocial infrastructure DX market Several trillion yen / Basis for the social infrastructure DX market Estimate based on the National Resilience Plan, valued at approximately ¥20 trillion, and infrastructure maintenance markets for aging infrastructure, including sewerage systems and bridges / Overall drone market ¥311.1 billion in 2022 to ¥905.4 billion in 2028, CAGR of 18.6% / Inspection field ¥60.2 billion in 2022 to ¥208.8 billion in 2028, an increase of ¥148.6 billion, 246% growth, CAGR of 23.0% / Source Not disclosed
Risks identified by the company
Solution Development
Procurement of imported drones for resale
Responding to Rapid Technological Innovation
Seasonality of business performance
Financial impact of upfront investment
Loss of public confidence in drones due to serious accidents or other incidents
Enactment, amendment or abolition of laws and regulations relating to drones
Economic trends and market conditions
Entry by competitors
System failures and other incidents
Contracts with specific business partners
Reason for revision or withdrawal
Supply constraints in the services business, the timing shift of revenue recognition for certain projects, efficiency issues resulting from customized responses taking precedence, and structural constraints in the delivery design and supply system. In light of these factors, the company plans to shift its earnings structure through standardization in 2026 and improve profitability.
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Plan period | 2025（Review）～2027（Goal） |
| Progress against the plan | Annual update |
| Sales Target | FY2025 actual: 1,051 → FY2026 forecast: 1,600 |
| Operating profit target | FY2025 actual: ▲548 → FY2026 forecast: ▲380 |
| Net income target | FY2025 actual: ▲635 → FY2026 forecast: ▲390 |
| Segment target | Segment Inspection Solutions / FY2025 actual ¥576 million / FY2026 forecast ¥1,135 million / Year on year +¥559 million, +97%, Segment Port Solutions / FY2025 actual ¥252 million / FY2026 forecast ¥279 million / Year on year +¥27 million, +11%, Segment Education Solutions / FY2025 actual ¥203 million / FY2026 forecast ¥158 million / Year on year ▲¥44 million, ▲22% |
| Plan assumptions | Demand assumptions Expanding demand in the public infrastructure sector / Earnings improvement assumptions Improving the earnings structure through standardization and optimizing selling, general and administrative expenses |
| Key initiatives | Standardization and packaging, Transition to a recurring-revenue model, Optimization of resource allocation, Plant inspections (BEP Inspection), Power transmission line inspections (BEP Line), Stable operation of standard packages using BEP Port |
| Results under the previous plan | FY2025 budget (initial plan): 1,513 → FY2025 actual: 1,051（▲30.5%） |
| Reason for revision or withdrawal | Supply constraints in the services business, the timing shift of revenue recognition for certain projects, efficiency issues resulting from customized responses taking precedence, and structural constraints in the delivery design and supply system. In light of these factors, the company plans to shift its earnings structure through standardization in 2026 and improve profitability. |
| Size of the Target Market | Social infrastructure DX market Several trillion yen / Basis for the social infrastructure DX market Estimate based on the National Resilience Plan, valued at approximately ¥20 trillion, and infrastructure maintenance markets for aging infrastructure, including sewerage systems and bridges / Overall drone market ¥311.1 billion in 2022 to ¥905.4 billion in 2028, CAGR of 18.6% / Inspection field ¥60.2 billion in 2022 to ¥208.8 billion in 2028, an increase of ¥148.6 billion, 246% growth, CAGR of 23.0% / Source Not disclosed |
| Risks identified | Solution Development, Procurement of imported drones for resale, Responding to Rapid Technological Innovation, Seasonality of business performance, Financial impact of upfront investment, Loss of public confidence in drones due to serious accidents or other incidents, Enactment, amendment or abolition of laws and regulations relating to drones, Economic trends and market conditions, Entry by competitors, System failures and other incidents, Contracts with specific business partners |
| Publication date | 26 March 2026 |
Items this document does not state (11)
Operating profit margin targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorNon-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 FY2025 shortfall was attributable to supply constraints in the services business, an increase in customized responses, the dispersion of revenue-recognition timing caused by project-specific specifications and delivery processes, and deterioration in the cost structure resulting from fully customized solutions. In FY2026, the company plans to improve its earnings structure by promoting standardization, transitioning to a recurring-revenue model, and optimizing selling, general and administrative expenses.
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