Worth reading
70In 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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+0.1%
基準 2,024Target2,027100 million
Operating profit+0.1%
基準 2,024Target2,027100 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.
Operating profit marginNot disclosed → 10.4% (FY2027, organic growth scenario)
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planConsolidated operating profit of ¥2.0 billion (fiscal year ended December 2024) → Operating profit of ¥1,185 million (FY2025 actual)+0.0%Calculated from the two disclosed figures
Investment amount by sectorField M&A / Amount Priority given to small-scale M&A of up to ¥500 million / Period Covered 2025-2027
Statements about the use of capital
Payout ratio / DOE policyThe company will continue to pay dividends, using a payout ratio of approximately 20% as a guideline. The applicable period is the medium to long term.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 is considering and advancing measures to conduct opportunistic share repurchases aimed at increasing corporate value over the medium to long term. The repurchase limit, timing and conditions are not disclosed.
Self-assessment of PBR and share priceThe company recognizes obtaining an appropriate valuation in the stock market as an issue and aims to improve its PER. PBR figures and assessment are not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Strengthen recruitment
02Strengthen employee development
03Knowledge sharing
04Strengthen relationships with leading companies
05Expand geographic coverage
06Promote industry-academia collaboration and services for local governments and mid-sized and small companies
07Service Enhancement
08Overseas Business Expansion
09Collaboration with the FPT and Yokogawa Electric groups
10Generate synergies
11Strengthen corporate functions
12Provide regular disclosures on progress under the medium-term management plan
13Further enhance IR-related content and other disclosure materials, including earnings presentation materials, following the revision of the corporate website
14Strengthen engagement with institutional investors and promote dialogue
15Participate in briefings for individual investors
Plan assumptionsDuring FY2025-27, the company will prioritize the recovery and improvement of profitability. It plans to maintain average operating profit growth of 20% in FY2025-27 and continue average operating profit growth of 20% in FY2028-30. As of February 2026, the assumed annual growth rates for each service area have been updated on a fiscal-year basis.
Segment targetSegment Strategic Consulting / Target FY2025-27 CAGR of +4–8%, Segment DX Consulting / Target FY2025-27 CAGR of +11–15%, Segment DX Engineering / Target FY2025-27 CAGR of +3–7%, Segment Platform & Agent / Target FY2025-27 CAGR of +1–5%
Non-financial targetsIndicator Group Personnel / Target A workforce of 1,000 / Timing During the 2nd Growth Plan period, Indicator Priority customers / Target 30 companies / Timing During the 2nd Growth Plan period, Indicator Professional personnel / Target 2,000 people / Timing 2030, Indicator NPS / Target No. 1 in business agility / Timing During the 2nd Growth Plan period
Risks identified by the company
The possibility of failing to meet the market capitalization criteria for tradable shares
Designation as a security under supervision (confirmation pending)
Designation as a security to be delisted
Delisting on 1 July 2027
General industry and market conditions
Interest Rates
Currency and foreign-exchange fluctuations
Domestic and international economic conditions
Reason for revision or withdrawal
The market capitalization of tradable shares does not meet the criteria, and the company is currently in the improvement period. Operating profit fell short of the amount set as the target for the fiscal year ended December 2024 in the plan, and the PER also did not improve.
| Item | Details |
|---|---|
| Plan name | Plan to Meet the Prime Market Listing Maintenance Criteria |
| Plan period | Through 31 December 2025 → Through 31 December 2026 |
| Progress against the plan | Partially revised |
| Sales Target | Consolidated net sales of ¥16.5 billion (fiscal year ended December 2024) → Net sales of ¥19.4 billion (FY2027, organic growth scenario) |
| Operating profit target | Consolidated operating profit of ¥2.0 billion (fiscal year ended December 2024) → Operating profit of ¥2.02 billion (FY2027, organic growth scenario) |
| Operating profit margin target | Not disclosed → 10.4% (FY2027, organic growth scenario) |
| Payout ratio / DOE policy | The company will continue to pay dividends, using a payout ratio of approximately 20% as a guideline. The applicable period is the medium to long term. |
| Treasury share acquisition policy | The company is considering and advancing measures to conduct opportunistic share repurchases aimed at increasing corporate value over the medium to long term. The repurchase limit, timing and conditions are not disclosed. |
| Self-assessment of PBR and share price | The company recognizes obtaining an appropriate valuation in the stock market as an issue and aims to improve its PER. PBR figures and assessment are not disclosed. |
| Investment amount by sector | Field M&A / Amount Priority given to small-scale M&A of up to ¥500 million / Period Covered 2025-2027 |
| Segment target | Segment Strategic Consulting / Target FY2025-27 CAGR of +4–8%, Segment DX Consulting / Target FY2025-27 CAGR of +11–15%, Segment DX Engineering / Target FY2025-27 CAGR of +3–7%, Segment Platform & Agent / Target FY2025-27 CAGR of +1–5% |
| Non-financial targets | Indicator Group Personnel / Target A workforce of 1,000 / Timing During the 2nd Growth Plan period, Indicator Priority customers / Target 30 companies / Timing During the 2nd Growth Plan period, Indicator Professional personnel / Target 2,000 people / Timing 2030, Indicator NPS / Target No. 1 in business agility / Timing During the 2nd Growth Plan period |
| Plan assumptions | During FY2025-27, the company will prioritize the recovery and improvement of profitability. It plans to maintain average operating profit growth of 20% in FY2025-27 and continue average operating profit growth of 20% in FY2028-30. As of February 2026, the assumed annual growth rates for each service area have been updated on a fiscal-year basis. |
| Key initiatives | Strengthen recruitment, Strengthen employee development, Knowledge sharing, Strengthen relationships with leading companies, Expand geographic coverage, Promote industry-academia collaboration and services for local governments and mid-sized and small companies, Service Enhancement, Overseas Business Expansion, Collaboration with the FPT and Yokogawa Electric groups, Generate synergies, Strengthen corporate functions, Provide regular disclosures on progress under the medium-term management plan, Further enhance IR-related content and other disclosure materials, including earnings presentation materials, following the revision of the corporate website, Strengthen engagement with institutional investors and promote dialogue, Participate in briefings for individual investors |
| Results under the previous plan | Consolidated operating profit of ¥2.0 billion (fiscal year ended December 2024) → Operating profit of ¥1,185 million (FY2025 actual) |
| Reason for revision or withdrawal | The market capitalization of tradable shares does not meet the criteria, and the company is currently in the improvement period. Operating profit fell short of the amount set as the target for the fiscal year ended December 2024 in the plan, and the PER also did not improve. |
| Risks identified | The possibility of failing to meet the market capitalization criteria for tradable shares, Designation as a security under supervision (confirmation pending), Designation as a security to be delisted, Delisting on 1 July 2027, General industry and market conditions, Interest Rates, Currency and foreign-exchange fluctuations, Domestic and international economic conditions |
| Publication date | 26 March 2026 |
Items this document does not state (7)
Net income targetROE targetROIC targetCost of capitalTotal investment planSize 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.As of the end of December 2025, the market capitalization of tradable shares did not meet the listing maintenance criteria, operating profit fell short of the target under the previous plan, and the PER did not improve.
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.