Worth reading
33Immaterial
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
-699
¥ million (variance from forecast for operating profit)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedWhat happened to the previous planRevenue 26,000, operating income 1,800, operating margin 6.9%, profit before tax 1,650, profit 1,000, profit attributable to owners of the parent 1,000, earnings per share 134.49 → Actual: revenue 25,634, operating income 1,100, operating margin 4.3%, profit before tax 925, profit 539, profit attributable to owners of the parent 465, earnings per share 63.36（Revenue -1.4%, operating income -38.9%, operating margin -38.0%, profit before tax -43.9%, profit -46.1%, profit attributable to owners of the parent -53.5%, earnings per share -52.9%）-1.4%Calculated from the two disclosed figures
Key initiatives
011. Expand the organic user base and carry out PMI for subsidiaries brought into the group
022. Strengthen subsidiaries established overseas
033. Expand into Asia and global markets
Size of the Target MarketJapan's domestic travel transaction volume and air-ticket transaction volume, and India's travel transaction volume and air-ticket transaction volume, are shown from 2019 or 2021 through 2027. The unit is US$ billions. The online penetration rate is 44%–60% for domestic travel in Japan, 58%–68% for air tickets in Japan, 54%–61% for travel in India, and 58%–61% for air tickets in India. Source: Phocuswright.inc.
Risks identified by the company
Global infectious disease outbreaks (likelihood and timing of emergence: low / medium to long term; impact: high)
Changes to or termination of contracts with airlines and other parties (medium / unknown; impact: high)
Disaster risk (terrorism, earthquakes, aviation accidents) (medium / medium to long term; impact: medium)
Leakage of personal information and other data (low / medium to long term; impact: high)
Reason for revision or withdrawal
The shortfall was attributable to global upfront investment by the standalone company and lower profit and impairment losses at Tabikobo.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Plan period | Starting fiscal year Not disclosed / Final year Not disclosed / Description 3 years |
| Progress against the plan | Formulated |
| Key initiatives | 1. Expand the organic user base and carry out PMI for subsidiaries brought into the group, 2. Strengthen subsidiaries established overseas, 3. Expand into Asia and global markets |
| Results under the previous plan | Revenue 26,000, operating income 1,800, operating margin 6.9%, profit before tax 1,650, profit 1,000, profit attributable to owners of the parent 1,000, earnings per share 134.49 → Actual: revenue 25,634, operating income 1,100, operating margin 4.3%, profit before tax 925, profit 539, profit attributable to owners of the parent 465, earnings per share 63.36（Revenue -1.4%, operating income -38.9%, operating margin -38.0%, profit before tax -43.9%, profit -46.1%, profit attributable to owners of the parent -53.5%, earnings per share -52.9%） |
| Reason for revision or withdrawal | The shortfall was attributable to global upfront investment by the standalone company and lower profit and impairment losses at Tabikobo. |
| Size of the Target Market | Japan's domestic travel transaction volume and air-ticket transaction volume, and India's travel transaction volume and air-ticket transaction volume, are shown from 2019 or 2021 through 2027. The unit is US$ billions. The online penetration rate is 44%–60% for domestic travel in Japan, 58%–68% for air tickets in Japan, 54%–61% for travel in India, and 58%–61% for air tickets in India. Source: Phocuswright.inc. |
| Risks identified | Global infectious disease outbreaks (likelihood and timing of emergence: low / medium to long term; impact: high), Changes to or termination of contracts with airlines and other parties (medium / unknown; impact: high), Disaster risk (terrorism, earthquakes, aviation accidents) (medium / medium to long term; impact: medium), Leakage of personal information and other data (low / medium to long term; impact: high) |
| Publication date | September 2026 |
Items this document does not state (16)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsDate 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 shortfall was attributable to global upfront investment by the standalone company and lower profit and impairment losses at Tabikobo.
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.