Worth reading
58In focus
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
5000
¥100 million (FY2030 revenue target)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.2%
基準 2,026Target2,030100 million
ROE+4.0pt
基準 2,026Target2,030%
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.
What happened to the previous planMaintaining revenue of ¥250 billion and an EBITDA margin of 30–40% (FY2028) → Expected to be broadly achieved during FY2027-0.0%Calculated from the two disclosed figures
Investment amount by sectorField Capital investment, including office expansion / Amount Not disclosed, Field Strategic investment to strengthen and expand existing businesses (M&A to acquire capabilities) / Amount Not disclosed, Field Capital transactions, including JVs, to provide comprehensive support to key customers / Amount Not disclosed, Field Establishment of a support structure for major Japanese companies operating overseas / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyTargeting an IFRS-based payout ratio of 40%. Applicable period: Not disclosedThe 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 conduct flexible share buybacks funded by cash in excess of business working capital, taking into account the share price level and investment opportunities. Excess cash generated each year will be returned to shareholders through share buybacks, conducted during the fiscal year or around the announcement of the full-year results.
Self-assessment of PBR and share priceThe company estimates a market capitalization of approximately ¥1–1.5 trillion and a PER of 20–30 times as of FY2026. Self-assessment that the PBR or share price is low: Not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Business expansion (deployment of the growth model)
02Further improvement in profitability (use of AI and higher value added)
03Laying the groundwork for the future (establishment of new revenue models)
04Highly profitable business platform
05Long-term, comprehensive support (stabilization of earnings over the medium to long term)
06Local support needs overseas (capturing new demand)
07Strengthening service lines
08Increasing the value added of services (investment in AI and personnel)
09Enhancing Brand Value
Plan assumptionsAmong major Japanese companies, AI-related support needs are expected to shift, in line with medium- to long-term investment plans spanning 3–5 years, from implementation support to support for company-wide AI-native organizational and operational transformation, with the scale of these needs expected to expand., Expansion of new demand related to national policy priorities, including cybersecurity, defense, energy, and semiconductors, As the decline in Japan's working-age population and shortage of specialized personnel become more serious, demand for new forms of support is expected to expand.
Non-financial targetsIndicator Backlog ratio / Target value Approximately 50% / Timing FY2035, Indicator Overseas Revenue Mix / Target value Approximately 20% / Timing FY2035
Risks identified by the company
Risks and uncertainties associated with forward-looking statements
Known or unknown risks and other factors
Interest-rate trends
Fluctuations in the overall stock market
Reason for revision or withdrawal
The company achieved growth at a pace substantially exceeding the original plan as new demand, including demand related to cybersecurity and defense, emerged in addition to AI-related demand. The current medium-term management plan is expected to be broadly achieved during the next fiscal year, approximately one year ahead of schedule.
| Item | Details |
|---|---|
| Plan name | Growth Roadmap to FY2035 / Performance Plan to FY2030 (New Medium-Term Management Plan) |
| Plan period | FY2027～FY2035 |
| Progress against the plan | Formulated |
| Sales Target | ¥190 billion (FY2026, initial guidance) → ¥500 billion (FY2030) |
| ROE target | Approximately 40% (FY2026) → Approximately 80% (FY2030) |
| Payout ratio / DOE policy | Targeting an IFRS-based payout ratio of 40%. Applicable period: Not disclosed |
| Treasury share acquisition policy | The company will conduct flexible share buybacks funded by cash in excess of business working capital, taking into account the share price level and investment opportunities. Excess cash generated each year will be returned to shareholders through share buybacks, conducted during the fiscal year or around the announcement of the full-year results. |
| Self-assessment of PBR and share price | The company estimates a market capitalization of approximately ¥1–1.5 trillion and a PER of 20–30 times as of FY2026. Self-assessment that the PBR or share price is low: Not disclosed. |
| Investment amount by sector | Field Capital investment, including office expansion / Amount Not disclosed, Field Strategic investment to strengthen and expand existing businesses (M&A to acquire capabilities) / Amount Not disclosed, Field Capital transactions, including JVs, to provide comprehensive support to key customers / Amount Not disclosed, Field Establishment of a support structure for major Japanese companies operating overseas / Amount Not disclosed |
| Non-financial targets | Indicator Backlog ratio / Target value Approximately 50% / Timing FY2035, Indicator Overseas Revenue Mix / Target value Approximately 20% / Timing FY2035 |
| Plan assumptions | Among major Japanese companies, AI-related support needs are expected to shift, in line with medium- to long-term investment plans spanning 3–5 years, from implementation support to support for company-wide AI-native organizational and operational transformation, with the scale of these needs expected to expand., Expansion of new demand related to national policy priorities, including cybersecurity, defense, energy, and semiconductors, As the decline in Japan's working-age population and shortage of specialized personnel become more serious, demand for new forms of support is expected to expand. |
| Key initiatives | Business expansion (deployment of the growth model), Further improvement in profitability (use of AI and higher value added), Laying the groundwork for the future (establishment of new revenue models), Highly profitable business platform, Long-term, comprehensive support (stabilization of earnings over the medium to long term), Local support needs overseas (capturing new demand), Strengthening service lines, Increasing the value added of services (investment in AI and personnel), Enhancing Brand Value |
| Results under the previous plan | Maintaining revenue of ¥250 billion and an EBITDA margin of 30–40% (FY2028) → Expected to be broadly achieved during FY2027 |
| Reason for revision or withdrawal | The company achieved growth at a pace substantially exceeding the original plan as new demand, including demand related to cybersecurity and defense, emerged in addition to AI-related demand. The current medium-term management plan is expected to be broadly achieved during the next fiscal year, approximately one year ahead of schedule. |
| Risks identified | Risks and uncertainties associated with forward-looking statements, Known or unknown risks and other factors, Interest-rate trends, Fluctuations in the overall stock market |
| Publication date | 15 October 2026 |
Items this document does not state (9)
Operating profit targetOperating profit margin targetNet income targetROIC targetCost of capitalTotal investment planSegment targetSize 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 grew at a pace substantially exceeding the original plan by capturing new demand in areas including cybersecurity and defense, in addition to AI-related demand. As the current medium-term management plan is expected to be broadly achieved during the next fiscal year, approximately one year ahead of schedule, the company formulated a new roadmap and performance plan aimed at sustainable growth in corporate value.
How to read this page
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