Worth reading
56In 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
61.2
¥ hundred million (revenue forecast for the fiscal year ending March 2029)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+54.8%
基準 3,954,289Target6,120,000thousand
Operating profit+89.7%
基準 231,411Target439,000thousand
Net income for the current fiscal year+68.7%
基準 162,459Target274,000thousand
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.
Total investment planApproximately ¥500 million (expenditures for service expansion, M&A, and capital and business alliances)
Investment amount by sectorField System development for personnel matching, business process outsourcing, and related services / Amount Not disclosed, Field Capital and business alliances and M&A involving companies with business synergies / Amount Not disclosed, Field Strengthening security related to the protection of personal information / Amount Not disclosed, Field Investment in employee development to strengthen human capital management / Amount Not disclosed, Field Product development investment to expand existing business services / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyProgressive and stable dividends, with a payout ratio of approximately 40% as a guideline. The applicable period is not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Shift focus from expanding the matching-planning business to recruitment consulting
02Significantly expand the organizational structure for RPO (recruitment process outsourcing)
03Expand the success-fee-based personnel placement business
04Launch new businesses in the mid-career recruitment and retention-support fields
05Further expand the international student acceptance business, which offers room for growth
06New database-based services: full-scale entry into the lifestyle-support field
07Donation and fundraising consulting: strengthen support for universities
08Develop new markets: enter the research institution and sports organization sectors
09Strengthen support for companies operating businesses with a strong public-service dimension, including local governments
10Undertake BPO operations beyond the promotion field
11Expand services for social media and video
12Expand systems and facilities with a focus on security and efficiency
13Invest in system development for personnel matching, recruitment, business process outsourcing, and related services
14Promote M&A and capital and business alliances to create business synergies.
15Capital expenditures related to business expansion and stronger security
Plan assumptionsLabor demand is expected to reach 70.73 million in 2030, against a supply of 64.29 million, resulting in an anticipated labor shortage of approximately 6.44 million., The number of foreign workers was approximately 2.57 million at the end of October 2025., JICA estimates a shortage of 770,000 foreign workers relative to demand in 2030 and 970,000 in 2040., The proportion of foreign workers is expected to increase from 3.7% in 2020 to 9.4% in 2040., The population aged 18 is expected to decline to approximately 440,000 in 2040, down approximately 30% from approximately 630,000 in 2017., The government aims to accept 400,000 international students by 2033., The domestic BPO market was approximately ¥5.0786 trillion in fiscal 2024., The domestic video advertising market is expected to expand from approximately ¥885.5 billion in 2025 to approximately ¥1.6 trillion in 2029., The social media management outsourcing market is expected to grow to approximately ¥350 billion by 2030., Actual results may differ from the target figures due to geopolitical developments, economic conditions, foreign exchange fluctuations, the competitive environment, changes in laws and regulations, and other factors.
Size of the Target MarketMarket Labor Market / Size and growth rate Labor demand of 70.73 million in 2030, supply of 64.29 million, and a shortage of approximately 6.44 million / Source Persol Research and Consulting Co., Ltd. and Chuo University, “Future Projection of the Labor Market 2030”, Market Foreign labor market / Size and growth rate Approximately 2.57 million foreign workers at the end of October 2025; estimated shortages of 770,000 in 2030 and 970,000 in 2040 / Source Ministry of Health, Labour and Welfare; JICA, “Updated Forecast of Foreign Worker Supply and Demand”, Market University education market / Size and growth rate The population aged 18 is expected to be approximately 440,000 in 2040, down approximately 30% from approximately 630,000 in 2017 / Source Ministry of Education, Culture, Sports, Science and Technology, “Estimates of Advancement Rates and Numbers of Students Advancing to Higher Education”, Market International student market / Size and growth rate Approximately 337,000 in fiscal 2024, against the government's target of 400,000 by 2033 / Source Ministry of Education, Culture, Sports, Science and Technology, “Survey of the Status of International Students Enrolled”; government, “Council for the Creation of Future Education”, Market Domestic BPO market / Size and growth rate Approximately ¥5.0786 trillion in fiscal 2024 / Source Yano Research Institute, “Survey of the BPO Market”, Market Domestic video advertising market / Size and growth rate Approximately ¥885.5 billion in 2025 and approximately ¥1.6 trillion in 2029 / Source CyberAgent, “2025 Domestic Video Advertising Market Survey”, Market Social media management outsourcing market / Size and growth rate Expected to grow to approximately ¥350 billion by 2030 / Source CyberBuzz, based on research by Digital Infact, Market Foreign resident-related consumption and local-government BPO market / Size and growth rate The number of foreign residents was approximately 4.12 million at the end of 2024, and the consumption market was approximately ¥5 trillion / Source Immigration Services Agency of Japan; Wovn Technologies Co., Ltd., “Estimate of the Foreign Resident Consumption Market”
Risks identified by the company
General industry and market conditions
Interest Rates
Currency and foreign exchange fluctuations
General domestic and international economic conditions
Geopolitics
Competitive Environment
Changes in laws and regulations
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan for the Fiscal Years Ending March 2027–March 2029 |
| Plan period | Fiscal years ending March 2027–March 2029 |
| Progress against the plan | Formulated |
| Sales Target | 3,954,289 (actual for the fiscal year ended March 2026) → 6,120,000 (forecast for the fiscal year ending March 2029) |
| Operating profit target | 231,411 (actual for the fiscal year ended March 2026) → 439,000 (forecast for the fiscal year ending March 2029) |
| Net income target | 162,459 (actual for the fiscal year ended March 2026) → 274,000 (forecast for the fiscal year ending March 2029) |
| Payout ratio / DOE policy | Progressive and stable dividends, with a payout ratio of approximately 40% as a guideline. The applicable period is not disclosed. |
| Total investment plan | Approximately ¥500 million (expenditures for service expansion, M&A, and capital and business alliances) |
| Investment amount by sector | Field System development for personnel matching, business process outsourcing, and related services / Amount Not disclosed, Field Capital and business alliances and M&A involving companies with business synergies / Amount Not disclosed, Field Strengthening security related to the protection of personal information / Amount Not disclosed, Field Investment in employee development to strengthen human capital management / Amount Not disclosed, Field Product development investment to expand existing business services / Amount Not disclosed |
| Plan assumptions | Labor demand is expected to reach 70.73 million in 2030, against a supply of 64.29 million, resulting in an anticipated labor shortage of approximately 6.44 million., The number of foreign workers was approximately 2.57 million at the end of October 2025., JICA estimates a shortage of 770,000 foreign workers relative to demand in 2030 and 970,000 in 2040., The proportion of foreign workers is expected to increase from 3.7% in 2020 to 9.4% in 2040., The population aged 18 is expected to decline to approximately 440,000 in 2040, down approximately 30% from approximately 630,000 in 2017., The government aims to accept 400,000 international students by 2033., The domestic BPO market was approximately ¥5.0786 trillion in fiscal 2024., The domestic video advertising market is expected to expand from approximately ¥885.5 billion in 2025 to approximately ¥1.6 trillion in 2029., The social media management outsourcing market is expected to grow to approximately ¥350 billion by 2030., Actual results may differ from the target figures due to geopolitical developments, economic conditions, foreign exchange fluctuations, the competitive environment, changes in laws and regulations, and other factors. |
| Key initiatives | Shift focus from expanding the matching-planning business to recruitment consulting, Significantly expand the organizational structure for RPO (recruitment process outsourcing), Expand the success-fee-based personnel placement business, Launch new businesses in the mid-career recruitment and retention-support fields, Further expand the international student acceptance business, which offers room for growth, New database-based services: full-scale entry into the lifestyle-support field, Donation and fundraising consulting: strengthen support for universities, Develop new markets: enter the research institution and sports organization sectors, Strengthen support for companies operating businesses with a strong public-service dimension, including local governments, Undertake BPO operations beyond the promotion field, Expand services for social media and video, Expand systems and facilities with a focus on security and efficiency, Invest in system development for personnel matching, recruitment, business process outsourcing, and related services, Promote M&A and capital and business alliances to create business synergies., Capital expenditures related to business expansion and stronger security |
| Size of the Target Market | Market Labor Market / Size and growth rate Labor demand of 70.73 million in 2030, supply of 64.29 million, and a shortage of approximately 6.44 million / Source Persol Research and Consulting Co., Ltd. and Chuo University, “Future Projection of the Labor Market 2030”, Market Foreign labor market / Size and growth rate Approximately 2.57 million foreign workers at the end of October 2025; estimated shortages of 770,000 in 2030 and 970,000 in 2040 / Source Ministry of Health, Labour and Welfare; JICA, “Updated Forecast of Foreign Worker Supply and Demand”, Market University education market / Size and growth rate The population aged 18 is expected to be approximately 440,000 in 2040, down approximately 30% from approximately 630,000 in 2017 / Source Ministry of Education, Culture, Sports, Science and Technology, “Estimates of Advancement Rates and Numbers of Students Advancing to Higher Education”, Market International student market / Size and growth rate Approximately 337,000 in fiscal 2024, against the government's target of 400,000 by 2033 / Source Ministry of Education, Culture, Sports, Science and Technology, “Survey of the Status of International Students Enrolled”; government, “Council for the Creation of Future Education”, Market Domestic BPO market / Size and growth rate Approximately ¥5.0786 trillion in fiscal 2024 / Source Yano Research Institute, “Survey of the BPO Market”, Market Domestic video advertising market / Size and growth rate Approximately ¥885.5 billion in 2025 and approximately ¥1.6 trillion in 2029 / Source CyberAgent, “2025 Domestic Video Advertising Market Survey”, Market Social media management outsourcing market / Size and growth rate Expected to grow to approximately ¥350 billion by 2030 / Source CyberBuzz, based on research by Digital Infact, Market Foreign resident-related consumption and local-government BPO market / Size and growth rate The number of foreign residents was approximately 4.12 million at the end of 2024, and the consumption market was approximately ¥5 trillion / Source Immigration Services Agency of Japan; Wovn Technologies Co., Ltd., “Estimate of the Foreign Resident Consumption Market” |
| Risks identified | General industry and market conditions, Interest Rates, Currency and foreign exchange fluctuations, General domestic and international economic conditions, Geopolitics, Competitive Environment, Changes in laws and regulations |
| Date of board resolution | 15 May 2026 |
| Publication date | 15 May 2026 |
Items this document does not state (10)
Operating profit margin targetROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceSegment targetNon-financial targetsResults under the previous planReason for revision or withdrawal
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 achieve its 2032 management vision of reaching ¥10 billion in revenue, the company will expand its subscription-based services, improve operational efficiency through AI, invest in human capital, and enter new business areas.
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.