Worth reading
14Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
126
¥ trillion-scale marketWording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Publication date12 August 2026
This document does not state the plan name, plan period, or numerical targets.
Key initiatives
01Build a platform to expand into the approximately ¥126 trillion U.S. government procurement market
02Obtain Active Registration after completing the U.S. government’s business verification and validation process
03AsReader obtains a CAGE Code, and the Japanese parent company, the Company, obtains an NCAGE Code
04Advance the government and defense-related projects pursued to date to the next stage
05Make the U.S. market a new growth area for the Group
06Future outlook
Plan assumptionsExchange rate used to convert the market size into yen: US$1 = ¥159.2 (as of 12 August 2026)
Size of the Target MarketTotal U.S. federal government contract value in fiscal 2025: approximately US$793.0 billion, or approximately ¥126.2456 trillion. Source: U.S. Government Accountability Office (GAO), “Governmentwide Contracting, Fiscal Year 2025”
Risks identified by the company
Registration with SAM.gov and the acquisition or assignment of a CAGE Code, NCAGE Code, UEI or other identifiers does not mean that the U.S. government has certified or endorsed the Company or its products or technologies
It does not guarantee the selection of any individual project, the execution of a contract, the receipt of an order or the generation of revenue
Government procurement may require more time from project development to formal contract execution than sales to private-sector companies
The market size represents the total contract value of the U.S. federal government and does not indicate the size of the market directly targeted by the Company or the amount of orders the Company could receive
| Item | Details |
|---|---|
| Plan assumptions | Exchange rate used to convert the market size into yen: US$1 = ¥159.2 (as of 12 August 2026) |
| Key initiatives | Build a platform to expand into the approximately ¥126 trillion U.S. government procurement market, Obtain Active Registration after completing the U.S. government’s business verification and validation process, AsReader obtains a CAGE Code, and the Japanese parent company, the Company, obtains an NCAGE Code, Advance the government and defense-related projects pursued to date to the next stage, Make the U.S. market a new growth area for the Group, Future outlook |
| Size of the Target Market | Total U.S. federal government contract value in fiscal 2025: approximately US$793.0 billion, or approximately ¥126.2456 trillion. Source: U.S. Government Accountability Office (GAO), “Governmentwide Contracting, Fiscal Year 2025” |
| Risks identified | Registration with SAM.gov and the acquisition or assignment of a CAGE Code, NCAGE Code, UEI or other identifiers does not mean that the U.S. government has certified or endorsed the Company or its products or technologies, It does not guarantee the selection of any individual project, the execution of a contract, the receipt of an order or the generation of revenue, Government procurement may require more time from project development to formal contract execution than sales to private-sector companies, The market size represents the total contract value of the U.S. federal government and does not indicate the size of the market directly targeted by the Company or the amount of orders the Company could receive |
| Publication date | 12 August 2026 |
Items this document does not state (20)
Plan namePlan periodProgress against the planSales 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 targetsResults under the previous planReason for revision or withdrawalDate 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.Business information such as SAM.gov registration and CAGE Code may be required to advance government and defense-related projects through formal procurement processes, and addressing these requirements had been an outstanding issue. The Company will use the registration platform established this time to advance existing projects and pursue new government procurement opportunities and customers.
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.