Worth reading
34Immaterial
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
1000
Hundreds of millions of yenWording
Conditional
How definitive the wording is.Contents of this document
Medium-Term Management Plan PresentationFiscal years ending March 2027–March 20295 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Operating profit marginRecently remained at around 10%. Previously stood at around 15% but declined due to factors including higher personnel expenses.
What the company explained in this material
New initiatives
- Integrate the Digital Human Resources Business and Contracted Development Business into TSD from the first quarter of the fiscal year ending March 2027.
- Return to its roots as an IT specialist production company
- Review the organizational structure to make TSD the driver of growth
- The next medium-term management plan is expected to set out specific plans for the B2B business within the Content Properties Business.
- Actively consider M&A to accelerate TSD growth
Key KPIsA metric the company considers important as a management benchmark.
- Average annual revenue growth rate15.2 ％
- PERLess than 10xYear on year against the same period last yearDown
- ROEAround 20%Year on year against the same period last yearStable
- Market capitalizationApproximately 70Year on year against the same period last yearBroadly stable
Segment results
Digital Talent BusinessRevenue increased for 7 consecutive fiscal years from the fiscal year ended March 2020. The profit margin declined.
Contracted Development BusinessThe profit margin rose substantially after returning to profitability in the fiscal year ended March 2023 and has remained at a high level. Revenue growth slowed from the fiscal year ended March 2025.
Content Properties BusinessProprietary products expanded. The profit margin declined but remained at a high level.
Medium-term management plan targets
Net Sales¥100 billion
Target fiscal yearLong-term vision. The fiscal year was not specified in the materials.
Fiscal year ending March 2029An indicative target for the final fiscal year of the medium-term plan was presented.
Financial targets
ROEMaintain approximately 20% steadily (assessment of actual performance)
PERLess than 10x (current assessment)
| Item | Details |
|---|---|
| Document type | Medium-Term Management Plan Presentation |
| Fiscal Period Covered | Fiscal years ending March 2027–March 2029 |
| Operating profit margin | Recently remained at around 10%. Previously stood at around 15% but declined due to factors including higher personnel expenses. |
| Segment results | Digital Talent Business Revenue increased for 7 consecutive fiscal years from the fiscal year ended March 2020. The profit margin declined. / Contracted Development Business The profit margin rose substantially after returning to profitability in the fiscal year ended March 2023 and has remained at a high level. Revenue growth slowed from the fiscal year ended March 2025. / Content Properties Business Proprietary products expanded. The profit margin declined but remained at a high level. |
| Key KPIs | Indicator name Average annual revenue growth rate / Value 15.2 ％ / Year on year against the same period last year Not disclosed, Indicator name PER / Value Less than 10x / Year on year against the same period last year Down, Indicator name ROE / Value Around 20% / Year on year against the same period last year Stable, Indicator name Market capitalization / Value Approximately 70 / Year on year against the same period last year Broadly stable |
| Medium-term management plan targets | Net Sales ¥100 billion / Target fiscal year Long-term vision. The fiscal year was not specified in the materials. / Fiscal year ending March 2029 An indicative target for the final fiscal year of the medium-term plan was presented. |
| Financial targets | ROE Maintain approximately 20% steadily (assessment of actual performance) / PER Less than 10x (current assessment) |
| New initiatives | Integrate the Digital Human Resources Business and Contracted Development Business into TSD from the first quarter of the fiscal year ending March 2027., Return to its roots as an IT specialist production company, Review the organizational structure to make TSD the driver of growth, The next medium-term management plan is expected to set out specific plans for the B2B business within the Content Properties Business., Actively consider M&A to accelerate TSD growth |
Items this document does not state (23)
Net SalesOperating profitOrdinary incomeNet incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
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 address the decline in the operating margin, the lower profitability and slowing growth of the Digital Human Resources Business, labor shortages in labor-intensive businesses, the need to accelerate growth in the Contracted Development Business, and declining growth expectations from the capital markets.
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.