Worth reading
81Important
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
-313
¥ million (versus the medium-term plan for operating profit in the fiscal year ending June 2027)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales0.0%
基準 2,942Target2,942million (FY30)
Operating profit0.0%
基準 898Target898million (FY30)
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.
What happened to the previous plan¥339 million (FY26 revenue) → ¥294 million (FY26 revenue)-13.3%Calculated from the two disclosed figures
Investment amount by sectorField Initial costs for the MS business alliance and upfront investment in the EX business / Amount ¥1 billion / Timing To be implemented after raising the funds by the end of April 2026, Field Battery storage facility acquisition / Amount ¥900 million / Timing Assuming that funding will be raised by June 2026, Field Training and management of TikTok livestreamers / Amount ¥300 million (¥150 million for events and acquiring promising livestreamers, ¥100 million for advertising and promotion, and ¥50 million for personnel expenses) / Timing Upfront investment toward FY30, Field Acquisition of マーベリック社 / Amount When cumulative funds raised reach ¥2 billion / Timing Was scheduled to be completed by the end of May 2026, but the acquisition timing remains undetermined
Statements about the use of capital
Self-assessment of PBR and share priceThe Company stated that the exercise of the Ninth Series of Stock Acquisition Rights fell significantly short of expectations due to the weak share price.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01MS Business Division: Stability and growth through new initiatives in marketing
02EX Business Division: Rapid launch through upfront investment in new businesses
03M&A: Growth through business diversification via M&A
04New Business Development Division: Strengthening the financial foundation through investment in the battery storage business
05Company-wide initiatives: Organic growth and creation of synergies; securing and developing human resources; strengthening governance and reorganizing the organization
06Growth Strategy 1 | Live commerce
07Growth Strategy 2 | Livestreamer business
08Growth Strategy 3 | Battery storage business
Plan assumptionsTo be implemented after raising ¥1 billion by the end of April 2026 for initial costs for the MS business alliance and upfront investment in the EX business, Assuming that ¥900 million will be raised by June 2026 to acquire a battery storage facility, The acquisition of マーベリック社 will be completed when cumulative funds raised reach ¥2 billion, From FY29 onward, revenue from the battery storage business is estimated conservatively, assuming a decline in electricity selling prices due to an increase in market entrants, The plan may vary significantly depending on the timing of the acquisition of shares in マーベリック社 and the status of fundraising
Segment targetSegment MS Business Division / Timing FY30 / Sales target ¥1,106 million / Profit Target Business profit of ¥330 million, Segment EX Business Division / Timing FY30 / Sales target ¥800 million / Profit Target Business profit of ¥610 million, Segment New Business Development Division (battery storage) / Timing FY27 / Sales target ¥958 million / Profit Target Not disclosed, Segment New Business Development Division (battery storage) / Timing FY30 / Sales target ¥249 million / Profit Target Not disclosed, Segment マーベリック社 / Timing FY27 / Sales target ¥720 million / Profit Target ¥72 million (operating profit), Segment マーベリック社 / Timing FY30 / Sales target ¥786 million / Profit Target Not disclosed
Non-financial targetsIndicator Number of affiliated livestreamers acquired / Target value 200 people / Timing FY27, Indicator Number of exclusive TikTok livestreamers / Target value 10–20 people / Timing Execution Roadmap, Phase 1, Year 1
Size of the Target MarketMarket Japan's total advertising expenditures / Scale ¥8.0623 trillion (2025) / Growth rate Equivalent to 105.1% year on year / Source Dentsu, 2025 Advertising Expenditures in Japan, Market Content Market / Scale ¥12.9 trillion (2024) / Growth rate Not disclosed / Source 2026 White Paper on Information and Communications, Ministry of Internal Affairs and Communications, Market Japan's domestic influencer marketing market / Scale ¥130.2 billion (2027 forecast) / Growth rate Approximately 2.1 times the 2022 level / Source Research by Digital Infact Inc. and CyberBuzz, Inc., Market Battery storage facility business market (grid-scale batteries) / Scale ¥424 billion (FY2030 forecast) / Growth rate Approximately 10 times the FY2024 level / Source Yano Research Institute, Forecast of the Domestic Battery Storage Facility Business Market (announced in January 2026), Market Monthly active TikTok users in Japan / Scale 49.5 million (May 2026) / Growth rate Approximately 2.3 times the November 2022 level / Source Official announcement by TikTok Japan (27 November 2025)
Risks identified by the company
Material events and other matters related to the going-concern assumption (likelihood of materialization: high; timing: within 1 year; impact: significant)
Risks related to the renewable energy business (fluctuations in electricity market prices, changes in market systems, delays in facility operations, and the status of alliance initiatives)
Development of new businesses (delays in launching the live commerce and livestreamer businesses, and changes in the business environment)
Securing human resources
Dependence on Specific Business Partners
Dilution of share value through the exercise of stock acquisition rights
Reason for revision or withdrawal
The exercise of the Ninth Series of Stock Acquisition Rights fell significantly short of expectations due to the weak share price, and funding for the acquisition of マーベリック社 has not been secured. In addition, because the plan may vary significantly depending on the acquisition timing and the status of fundraising, revisions to the plans for each business are being considered.
| Item | Details |
|---|---|
| Plan name | Five-Year Medium-Term Management Plan (FY26–FY30) |
| Plan period | FY26〜FY30 |
| Progress against the plan | Annual update |
| Sales Target | ¥2,942 million (FY30) → ¥2,942 million (FY30)（0） |
| Operating profit target | ¥898 million (FY30) → ¥898 million (FY30)（0） |
| Self-assessment of PBR and share price | The Company stated that the exercise of the Ninth Series of Stock Acquisition Rights fell significantly short of expectations due to the weak share price. |
| Investment amount by sector | Field Initial costs for the MS business alliance and upfront investment in the EX business / Amount ¥1 billion / Timing To be implemented after raising the funds by the end of April 2026, Field Battery storage facility acquisition / Amount ¥900 million / Timing Assuming that funding will be raised by June 2026, Field Training and management of TikTok livestreamers / Amount ¥300 million (¥150 million for events and acquiring promising livestreamers, ¥100 million for advertising and promotion, and ¥50 million for personnel expenses) / Timing Upfront investment toward FY30, Field Acquisition of マーベリック社 / Amount When cumulative funds raised reach ¥2 billion / Timing Was scheduled to be completed by the end of May 2026, but the acquisition timing remains undetermined |
| Segment target | Segment MS Business Division / Timing FY30 / Sales target ¥1,106 million / Profit Target Business profit of ¥330 million, Segment EX Business Division / Timing FY30 / Sales target ¥800 million / Profit Target Business profit of ¥610 million, Segment New Business Development Division (battery storage) / Timing FY27 / Sales target ¥958 million / Profit Target Not disclosed, Segment New Business Development Division (battery storage) / Timing FY30 / Sales target ¥249 million / Profit Target Not disclosed, Segment マーベリック社 / Timing FY27 / Sales target ¥720 million / Profit Target ¥72 million (operating profit), Segment マーベリック社 / Timing FY30 / Sales target ¥786 million / Profit Target Not disclosed |
| Non-financial targets | Indicator Number of affiliated livestreamers acquired / Target value 200 people / Timing FY27, Indicator Number of exclusive TikTok livestreamers / Target value 10–20 people / Timing Execution Roadmap, Phase 1, Year 1 |
| Plan assumptions | To be implemented after raising ¥1 billion by the end of April 2026 for initial costs for the MS business alliance and upfront investment in the EX business, Assuming that ¥900 million will be raised by June 2026 to acquire a battery storage facility, The acquisition of マーベリック社 will be completed when cumulative funds raised reach ¥2 billion, From FY29 onward, revenue from the battery storage business is estimated conservatively, assuming a decline in electricity selling prices due to an increase in market entrants, The plan may vary significantly depending on the timing of the acquisition of shares in マーベリック社 and the status of fundraising |
| Key initiatives | MS Business Division: Stability and growth through new initiatives in marketing, EX Business Division: Rapid launch through upfront investment in new businesses, M&A: Growth through business diversification via M&A, New Business Development Division: Strengthening the financial foundation through investment in the battery storage business, Company-wide initiatives: Organic growth and creation of synergies; securing and developing human resources; strengthening governance and reorganizing the organization, Growth Strategy 1 | Live commerce, Growth Strategy 2 | Livestreamer business, Growth Strategy 3 | Battery storage business |
| Results under the previous plan | ¥339 million (FY26 revenue) → ¥294 million (FY26 revenue) |
| Reason for revision or withdrawal | The exercise of the Ninth Series of Stock Acquisition Rights fell significantly short of expectations due to the weak share price, and funding for the acquisition of マーベリック社 has not been secured. In addition, because the plan may vary significantly depending on the acquisition timing and the status of fundraising, revisions to the plans for each business are being considered. |
| Size of the Target Market | Market Japan's total advertising expenditures / Scale ¥8.0623 trillion (2025) / Growth rate Equivalent to 105.1% year on year / Source Dentsu, 2025 Advertising Expenditures in Japan, Market Content Market / Scale ¥12.9 trillion (2024) / Growth rate Not disclosed / Source 2026 White Paper on Information and Communications, Ministry of Internal Affairs and Communications, Market Japan's domestic influencer marketing market / Scale ¥130.2 billion (2027 forecast) / Growth rate Approximately 2.1 times the 2022 level / Source Research by Digital Infact Inc. and CyberBuzz, Inc., Market Battery storage facility business market (grid-scale batteries) / Scale ¥424 billion (FY2030 forecast) / Growth rate Approximately 10 times the FY2024 level / Source Yano Research Institute, Forecast of the Domestic Battery Storage Facility Business Market (announced in January 2026), Market Monthly active TikTok users in Japan / Scale 49.5 million (May 2026) / Growth rate Approximately 2.3 times the November 2022 level / Source Official announcement by TikTok Japan (27 November 2025) |
| Risks identified | Material events and other matters related to the going-concern assumption (likelihood of materialization: high; timing: within 1 year; impact: significant), Risks related to the renewable energy business (fluctuations in electricity market prices, changes in market systems, delays in facility operations, and the status of alliance initiatives), Development of new businesses (delays in launching the live commerce and livestreamer businesses, and changes in the business environment), Securing human resources, Dependence on Specific Business Partners, Dilution of share value through the exercise of stock acquisition rights |
| Publication date | 30 September 2026 |
Items this document does not state (9)
Operating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalTotal investment planDate 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.Reasons cited include rebuilding the foundation of the MS business, specifying the new business strategy for the EX business, delays in starting operations at battery storage facilities, an insufficient exercise rate for the stock acquisition rights due to the weak share price, and the failure to secure funding for the acquisition of マーベリック社.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.