Worth reading
71In 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
255
¥100 million (target consolidated net sales for the fiscal year ending March 2031)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+101.9%
基準 126.3Target255100 million
Operating profit+73.9%
基準 16.1Target28100 million
Net income for the current fiscal year+553.8%
基準 2.6Target17100 million
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.
ROENot disclosed → 15 %
ROICNot disclosed → 7 %
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planNot disclosed → Net Sales 126.3 / Operating profit 16.1 / Versus plan Net Sales 96.5％ / Operating profit 170.2％
Statements about the use of capital
Payout ratio / DOE policyThe basic policy is progressive dividends, with a minimum dividend on equity (DOE) of 2% and a focus on maintaining a payout ratio above 20%. The Company aims to achieve a DOE of 4% and a payout ratio of 30% in the final year. The applicable period is the term of the medium-term management plan, with the final year being the fiscal year ending March 2031.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyThe Company will implement flexible shareholder returns combining dividends and share repurchases, taking into comprehensive consideration its business performance, financial condition and share price level. Specific figures for the repurchase limit, timing and terms are not disclosed.
Self-assessment of PBR and share priceThe PBR and the Company's assessment that its share price is at a low level are not disclosed. The Company states that it will consider the share price level as a factor in determining shareholder returns.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Expand solutions from risk assessment through in-situ remediation
02Upgrade construction models through coordination with risk assessment and the use of digital transformation
03Develop PFAS groundwater remediation methods and bring water treatment in-house
04Strengthen sales capabilities through cross-functional collaboration
05Expand and promote orders for construction in specific fields
06Address environmental risks originating from M&A and expand globally
07Planning and development capabilities
08Collaboration with financial institutions and specialists
09Collaboration with the Environmental Solutions business
10Rotate owned assets (stock-based business)
11Expand asset types
12Inside sales
13Collaboration with the Renewable Energy business
14Expand beyond the Kanto region (Chubu and Kansai)
15Rooftop-preferred FIP scheme
16Reduce CO2 emissions and address climate change
17Growing importance of onsite PPAs
18Accelerate growth through capital recycling
19Promote overseas business targeting countries and business fields with expectations for higher growth rates
20Address expanding energy demand and inflation in energy prices
21Address expectations for stable power supply and growing demand for balancing capacity
22Strengthen execution capabilities for growth
23Human resources investment
24Strengthening ESG Management
Segment targetSegment name Environmental Solutions Business / Net Sales Fiscal year ending March 2026 ¥69.1 100 million / Fiscal year ending March 2031 ¥102 100 million / Segment profit Fiscal year ending March 2026 ¥7.2 100 million / Fiscal year ending March 2031 ¥10.3 100 million, Segment name Real estate revitalization business / Net Sales Fiscal year ending March 2026 ¥32.4 100 million / Fiscal year ending March 2031 ¥50 100 million / Segment profit Fiscal year ending March 2026 ¥8.7 100 million / Fiscal year ending March 2031 ¥6.9 100 million, Segment name Renewable Energy Business / Net Sales Fiscal year ending March 2026 ¥24.6 100 million / Fiscal year ending March 2031 ¥103 100 million / Segment profit Fiscal year ending March 2026 ¥0.2 100 million / Fiscal year ending March 2031 ¥10.8 100 million
Risks identified by the company
Economic Conditions
Social trends
Demand trends for the services and other offerings provided by the Company
Downward pressure on prices resulting from intensifying competition
Risks of localized disasters and other events
Foreign-exchange risk
Reason for revision or withdrawal
The Company achieved, in the fiscal year ended March 2026, its target operating profit for the fiscal year ending March 2027, the final year of the current medium-term management plan, one year ahead of schedule; significant changes occurred in its business portfolio across its 3 main businesses; it achieved its target of 100 MW in total power generation capacity from solar power plants; and it took into account these changes in the business environment and the evolution of its earnings structure.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2030 |
| Plan period | Five years from the fiscal year ending March 2027 through the fiscal year ending March 2031 |
| Progress against the plan | Formulated |
| Sales Target | ¥126.3 100 million → ¥255 100 million（2.0x） |
| Operating profit target | ¥16.1 100 million → ¥28 100 million（1.7x） |
| Net income target | ¥2.6 100 million → ¥17 100 million（6.4x） |
| ROE target | Not disclosed → 15 % |
| ROIC target | Not disclosed → 7 % |
| Payout ratio / DOE policy | The basic policy is progressive dividends, with a minimum dividend on equity (DOE) of 2% and a focus on maintaining a payout ratio above 20%. The Company aims to achieve a DOE of 4% and a payout ratio of 30% in the final year. The applicable period is the term of the medium-term management plan, with the final year being the fiscal year ending March 2031. |
| Treasury share acquisition policy | The Company will implement flexible shareholder returns combining dividends and share repurchases, taking into comprehensive consideration its business performance, financial condition and share price level. Specific figures for the repurchase limit, timing and terms are not disclosed. |
| Self-assessment of PBR and share price | The PBR and the Company's assessment that its share price is at a low level are not disclosed. The Company states that it will consider the share price level as a factor in determining shareholder returns. |
| Segment target | Segment name Environmental Solutions Business / Net Sales Fiscal year ending March 2026 ¥69.1 100 million / Fiscal year ending March 2031 ¥102 100 million / Segment profit Fiscal year ending March 2026 ¥7.2 100 million / Fiscal year ending March 2031 ¥10.3 100 million, Segment name Real estate revitalization business / Net Sales Fiscal year ending March 2026 ¥32.4 100 million / Fiscal year ending March 2031 ¥50 100 million / Segment profit Fiscal year ending March 2026 ¥8.7 100 million / Fiscal year ending March 2031 ¥6.9 100 million, Segment name Renewable Energy Business / Net Sales Fiscal year ending March 2026 ¥24.6 100 million / Fiscal year ending March 2031 ¥103 100 million / Segment profit Fiscal year ending March 2026 ¥0.2 100 million / Fiscal year ending March 2031 ¥10.8 100 million |
| Key initiatives | Expand solutions from risk assessment through in-situ remediation, Upgrade construction models through coordination with risk assessment and the use of digital transformation, Develop PFAS groundwater remediation methods and bring water treatment in-house, Strengthen sales capabilities through cross-functional collaboration, Expand and promote orders for construction in specific fields, Address environmental risks originating from M&A and expand globally, Planning and development capabilities, Collaboration with financial institutions and specialists, Collaboration with the Environmental Solutions business, Rotate owned assets (stock-based business), Expand asset types, Inside sales, Collaboration with the Renewable Energy business, Expand beyond the Kanto region (Chubu and Kansai), Rooftop-preferred FIP scheme, Reduce CO2 emissions and address climate change, Growing importance of onsite PPAs, Accelerate growth through capital recycling, Promote overseas business targeting countries and business fields with expectations for higher growth rates, Address expanding energy demand and inflation in energy prices, Address expectations for stable power supply and growing demand for balancing capacity, Strengthen execution capabilities for growth, Human resources investment, Strengthening ESG Management |
| Results under the previous plan | Not disclosed → Net Sales 126.3 / Operating profit 16.1 / Versus plan Net Sales 96.5％ / Operating profit 170.2％ |
| Reason for revision or withdrawal | The Company achieved, in the fiscal year ended March 2026, its target operating profit for the fiscal year ending March 2027, the final year of the current medium-term management plan, one year ahead of schedule; significant changes occurred in its business portfolio across its 3 main businesses; it achieved its target of 100 MW in total power generation capacity from solar power plants; and it took into account these changes in the business environment and the evolution of its earnings structure. |
| Risks identified | Economic Conditions, Social trends, Demand trends for the services and other offerings provided by the Company, Downward pressure on prices resulting from intensifying competition, Risks of localized disasters and other events, Foreign-exchange risk |
| Publication date | 15 May 2026 |
Items this document does not state (8)
Operating profit margin targetCost of capitalTotal investment planInvestment amount by sectorNon-financial targetsPlan 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.The Company reviewed its business environment and earnings structure in light of having achieved, in the fiscal year ended March 2026, its target operating profit for the fiscal year ending March 2027, the final year of the current medium-term management plan, one year ahead of schedule; significant changes in its business portfolio across its 3 main businesses; and the achievement of its target of 100 MW in total power generation capacity from solar power plants in the Renewable Energy business.
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