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
15.1
% (year-on-year growth in consolidated revenue for FY26)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+15.2%
基準 3,418Target3,936million
Operating profit+30.7%
基準 306Target400million
Operating profit margin+1.0pt
基準 25Target26%
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.
ROE13.4 (actual for the fiscal year ended December 2025) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous plan30 new graduates, 30 mid-career hires (FY25 annual targets) → 17 new graduates, 25 mid-career hires (FY25 actual results)（57% achievement rate for new graduates, 83% achievement rate for mid-career hires）-16.7%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyFrom FY26 onward, dividends will be determined based on an adjusted consolidated shareholders’ equity dividend ratio (DOAE) of 10%.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Strengthen expertise
02Strengthen recruitment
03Expand various services
04Developing new businesses
Segment targetSegment Domestic sales / Target 3,381 / Timing FY26, Segment Overseas Revenue / Target 600 / Timing FY26
Non-financial targetsIndicator Employee Headcount / Target 100 → 300 / Timing Not disclosed, Indicator New graduate hires / Target 30 people / Timing FY25, Indicator Number of mid-career hires / Target 30 people / Timing FY25
Size of the Target MarketThe number of M&A transactions increased 2.1-fold, from 2,428 in 2015 to 5,115 in 2025. The number of activist funds operating in Japan increased from 10 in 2015 to 74 as of May 2025. Sources: MARR, the M&A trade magazine, “February 2026 Issue: Statistics and Data for December 2025”; アイ・アールジャパンHD materials
Risks identified by the company
Human resources risk
Information Security Risk
Risk related to on-site support
Additions and deletions from the previous plan: Not disclosed
Reason for revision or withdrawal
To determine dividends based on 10% of adjusted consolidated shareholders’ equity, thereby smoothing the impact of investment earnings and losses on dividends in anticipation of expansion of the investment business.
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Progress against the plan | Annual update |
| Sales Target | 3,418（FY25） → 3,936 (FY26 full-year earnings forecast)（15.1%） |
| Operating profit target | 306（FY25） → 400 (FY26 full-year earnings forecast) |
| Operating profit margin target | 9.0（FY25） → 10.2（FY26） |
| ROE target | 13.4 (actual for the fiscal year ended December 2025) → Not disclosed |
| Payout ratio / DOE policy | From FY26 onward, dividends will be determined based on an adjusted consolidated shareholders’ equity dividend ratio (DOAE) of 10%. |
| Segment target | Segment Domestic sales / Target 3,381 / Timing FY26, Segment Overseas Revenue / Target 600 / Timing FY26 |
| Non-financial targets | Indicator Employee Headcount / Target 100 → 300 / Timing Not disclosed, Indicator New graduate hires / Target 30 people / Timing FY25, Indicator Number of mid-career hires / Target 30 people / Timing FY25 |
| Key initiatives | Strengthen expertise, Strengthen recruitment, Expand various services, Developing new businesses |
| Results under the previous plan | 30 new graduates, 30 mid-career hires (FY25 annual targets) → 17 new graduates, 25 mid-career hires (FY25 actual results)（57% achievement rate for new graduates, 83% achievement rate for mid-career hires） |
| Reason for revision or withdrawal | To determine dividends based on 10% of adjusted consolidated shareholders’ equity, thereby smoothing the impact of investment earnings and losses on dividends in anticipation of expansion of the investment business. |
| Size of the Target Market | The number of M&A transactions increased 2.1-fold, from 2,428 in 2015 to 5,115 in 2025. The number of activist funds operating in Japan increased from 10 in 2015 to 74 as of May 2025. Sources: MARR, the M&A trade magazine, “February 2026 Issue: Statistics and Data for December 2025”; アイ・アールジャパンHD materials |
| Risks identified | Human resources risk, Information Security Risk, Risk related to on-site support, Additions and deletions from the previous plan: Not disclosed |
Items this document does not state (11)
Plan periodNet income targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorPlan assumptionsDate of board resolutionPublication date
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 smooth the impact of investment earnings and losses on dividends in anticipation of expansion of the investment business. The growth strategy includes capturing strong market demand, expanding the consulting structure, and diversifying and stabilizing the earnings structure.
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.