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
10
% (company-wide operating margin for FY2030)Wording
Conditional
How definitive the wording is.Contents of this document
Medium-Term Management Plan Presentation14 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Operating profit marginFY2026 plan: 3.4%; FY2027 plan: 4.6%; FY2028 plan: 6.6%. Year-on-year change in percentage points: Not disclosed
Full-year earnings forecastFY2026 plan: revenue of ¥590 billion, operating profit of ¥20 billion, profit attributable to owners of the parent of ¥7 billion, operating cash flow of ¥21 billion and free cash flow of ¥6 billion. Planned figures for FY2027 and FY2028 are also provided.
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Impact of U.S. tariffs: negative ¥11.4 billion. FY2025 operating profit was ¥14.3 billion, while second-half operating profit was ¥15.4 billion, up ¥4.6 billion year on year.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign exchange assumptions for the FY2026-FY2028 plans: USD/JPY 150 and EUR/JPY 175.New initiatives
Collaboration with the Kaga Electronics Group; enhancement of maintenance services using generative AI with NTT DOCOMO BUSINESS; consideration of collaboration with NTT DOCOMO to utilize purchasing data; use of AI technologies from ジャイナミクス and Toshiba; transition to a CEO/COO structure; and investment in the ELERA and recurring-revenue businesses.Key KPIsA metric the company considers important as a management benchmark.
POS system share: 17% globally (2.75 million units) and 52% in Japan (610,000 units). Recurring revenue as a percentage of total revenue: 38% in FY2025. ELERA deployment: more than 30 countries worldwide, 15,000 stores, 135,000 lanes and 8 billion transactions annually.Segment results
FY2025 results: domestic retail revenue of ¥205 billion and operating profit of ¥11.5 billion; overseas retail revenue of ¥142.7 billion and an operating loss of ¥3.9 billion; workplace revenue of ¥227 billion and operating profit of ¥6.7 billion. Year-on-year change: Not disclosedMedium-term management plan targets
FY2028: revenue of ¥580 billion, operating profit of ¥38 billion, operating margin of 6.6%, profit attributable to owners of the parent of ¥21 billion and ROIC of 16%. FY2030: company-wide operating margin of 10%.Financial targets
Equity ratio: from 26% in FY2025 to above 30% in FY2027. ROIC: from 7% in FY2025 to 16% in FY2028. Total asset turnover: 1.6 in FY2025, to be maintained at approximately 1.6 from FY2028 onward.Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Impact of U.S. tariffs: negative ¥11.4 billionMarket Size / Share
Japan's retail and food-service DX market: market size of ¥964.4 billion in FY2030, with a CAGR of 10.4% from 2023 to 2030. POS system share: 17% globally and 52% in Japan. Overall printing market: approximately ¥8 trillion.Number of stores and locations
62 global operating entities and approximately 120 service locations. Number of store openings and closures during the period: Not disclosedNumber of employees
Group employees: 15,078, including approximately 5,000 maintenance personnel (as of the end of March 2026).Capital expenditures
¥51 billion / cumulative over 3 years
Payout ratio
Targeting a consolidated payout ratio of approximately 30%Acquisition of treasury shares
The company will conduct share repurchases as appropriate. Repurchase limit, number of shares and period: Not disclosed| Item | Details |
|---|---|
| Document type | Medium-Term Management Plan Presentation |
| Operating profit margin | FY2026 plan: 3.4%; FY2027 plan: 4.6%; FY2028 plan: 6.6%. Year-on-year change in percentage points: Not disclosed |
| Full-year earnings forecast | FY2026 plan: revenue of ¥590 billion, operating profit of ¥20 billion, profit attributable to owners of the parent of ¥7 billion, operating cash flow of ¥21 billion and free cash flow of ¥6 billion. Planned figures for FY2027 and FY2028 are also provided. |
| Segment results | FY2025 results: domestic retail revenue of ¥205 billion and operating profit of ¥11.5 billion; overseas retail revenue of ¥142.7 billion and an operating loss of ¥3.9 billion; workplace revenue of ¥227 billion and operating profit of ¥6.7 billion. Year-on-year change: Not disclosed |
| Breakdown of Factors Affecting the Change | Impact of U.S. tariffs: negative ¥11.4 billion. FY2025 operating profit was ¥14.3 billion, while second-half operating profit was ¥15.4 billion, up ¥4.6 billion year on year. |
| Key KPIs | POS system share: 17% globally (2.75 million units) and 52% in Japan (610,000 units). Recurring revenue as a percentage of total revenue: 38% in FY2025. ELERA deployment: more than 30 countries worldwide, 15,000 stores, 135,000 lanes and 8 billion transactions annually. |
| Number of stores and locations | 62 global operating entities and approximately 120 service locations. Number of store openings and closures during the period: Not disclosed |
| Number of employees | Group employees: 15,078, including approximately 5,000 maintenance personnel (as of the end of March 2026). |
| Assumptions Underlying the Business Outlook | Foreign exchange assumptions for the FY2026-FY2028 plans: USD/JPY 150 and EUR/JPY 175. |
| Risk amount incorporated into the outlook | Impact of U.S. tariffs: negative ¥11.4 billion |
| Medium-term management plan targets | FY2028: revenue of ¥580 billion, operating profit of ¥38 billion, operating margin of 6.6%, profit attributable to owners of the parent of ¥21 billion and ROIC of 16%. FY2030: company-wide operating margin of 10%. |
| Financial targets | Equity ratio: from 26% in FY2025 to above 30% in FY2027. ROIC: from 7% in FY2025 to 16% in FY2028. Total asset turnover: 1.6 in FY2025, to be maintained at approximately 1.6 from FY2028 onward. |
| Payout ratio | Targeting a consolidated payout ratio of approximately 30% |
| Acquisition of treasury shares | The company will conduct share repurchases as appropriate. Repurchase limit, number of shares and period: Not disclosed |
| Capital expenditures | ¥51 billion / cumulative over 3 years |
| Market Size / Share | Japan's retail and food-service DX market: market size of ¥964.4 billion in FY2030, with a CAGR of 10.4% from 2023 to 2030. POS system share: 17% globally and 52% in Japan. Overall printing market: approximately ¥8 trillion. |
| New initiatives | Collaboration with the Kaga Electronics Group; enhancement of maintenance services using generative AI with NTT DOCOMO BUSINESS; consideration of collaboration with NTT DOCOMO to utilize purchasing data; use of AI technologies from ジャイナミクス and Toshiba; transition to a CEO/COO structure; and investment in the ELERA and recurring-revenue businesses. |
Items this document does not state (14)
Fiscal Period CoveredNet SalesOperating profitOrdinary incomeNet incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsAnnual DividendOrders received and order backlogKey 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 respond to advances in the use of AI, increasingly sophisticated customer needs and changes in the competitive environment as the source of value shifts from hardware to solutions. The company intends to expand partnerships and recurring-revenue businesses and strengthen its underlying earnings power.
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.