Worth reading
71In 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
3000
¥ million (operating profit target for the fiscal year ending May 2028)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+82.9%
基準 4,373Target8,000million
Operating profit+48.1%
基準 2,025Target3,000million
ROE-1,995.0pt
基準 2,025Target30%
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 planCumulative Q3 plan for the fiscal year ending May 2026 (based on the revised forecast published in October 2025) → Cumulative Q3 results: revenue 3,603; operating profit 1,430+77.8%Calculated from the two disclosed figures
Total investment planApproximately ¥3.7 billion (maximum investment amount, including M&A, for the fiscal years ending May 2026 through May 2028)
Investment amount by sectorField Acquisition of fixed assets and M&A / Amount Approximately ¥3.7 billion
Statements about the use of capital
Payout ratio / DOE policyTargeting annual DOE of 5%. Until shareholders’ equity reaches approximately ¥5 billion, the current dividend level of ¥10 per share per year will be maintained.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 policyTo be implemented flexibly when cash flow exceeds investment and dividend payments. For the fiscal years ending May 2026 through May 2028, the maximum amount of shareholder returns in the absence of investment opportunities will be approximately ¥4.5 billion.
Key initiatives
011. Group Synergy
022. Full-Stack & Deep-Dive
033. ¥2 Tn Commerce Frontier
044. Agent-First SaaS
055. Partner & Propel
06Launch of a research media platform for agentic commerce
07Provision of applications supporting the stable operation of TikTok Shop
08Expand usage by LLMs and AI agents
09Expand the business pipeline
Plan assumptionsThe revenue target for the fiscal year ending May 2028 assumes a certain contribution from M&A., The operating profit target for the fiscal year ending May 2028 does not assume a contribution from M&A, as it factors in amortization and other expenses associated with M&A., The new GMV markets created by TikTok and LLM × Shopping are estimated to reach approximately ¥1 trillion each in three years., Investment opportunities are generally assessed on the basis that they are expected to generate an IRR of 10% or higher.
Segment targetSegment PS Business / Net Sales ¥2.63 billion for the fiscal year ended May 2025; ¥4 billion for the fiscal year ending May 2028 / Segment Profit or Loss ¥1.12 billion for the fiscal year ended May 2025; ¥1.5 billion for the fiscal year ending May 2028, Segment SaaS Business / Net Sales ¥1.25 billion for the fiscal year ended May 2025; ¥2 billion for the fiscal year ending May 2028 / Segment Profit or Loss ¥480 million for the fiscal year ended May 2025; ¥900 million for the fiscal year ending May 2028, Segment DX Business / Net Sales ¥470 million for the fiscal year ended May 2025; ¥2 billion for the fiscal year ending May 2028 / Segment Profit or Loss Loss of ¥10 million for the fiscal year ended May 2025; ¥600 million for the fiscal year ending May 2028
Non-financial targetsIndicator Tradable share ratio / Target value 50% or higher / Timing Around May 2028
Size of the Target MarketThe new GMV markets created by TikTok and LLM × Shopping are expected to reach approximately ¥1 trillion each, or ¥2 trillion in total, in three years. Source: Not disclosed.
Reason for revision or withdrawal
The company identifies changes in the market driven by the spread of AI agents, a shift in the basis of competition from functions to the ability to generate results, and the creation of new GMV markets through TikTok and LLM × Shopping as growth opportunities.
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Plan period | Fiscal years ending May 2025 to May 2028 |
| Progress against the plan | Partially revised |
| Sales Target | Actual for the fiscal year ended May 2025: 4,373 → Target for the fiscal year ending May 2028: 8,000 |
| Operating profit target | Actual for the fiscal year ended May 2025: 1,592 → Target for the fiscal year ending May 2028: 3,000 |
| ROE target | Actual for the fiscal year ended May 2025: 33.4% → At least 30% |
| Payout ratio / DOE policy | Targeting annual DOE of 5%. Until shareholders’ equity reaches approximately ¥5 billion, the current dividend level of ¥10 per share per year will be maintained. |
| Treasury share acquisition policy | To be implemented flexibly when cash flow exceeds investment and dividend payments. For the fiscal years ending May 2026 through May 2028, the maximum amount of shareholder returns in the absence of investment opportunities will be approximately ¥4.5 billion. |
| Total investment plan | Approximately ¥3.7 billion (maximum investment amount, including M&A, for the fiscal years ending May 2026 through May 2028) |
| Investment amount by sector | Field Acquisition of fixed assets and M&A / Amount Approximately ¥3.7 billion |
| Segment target | Segment PS Business / Net Sales ¥2.63 billion for the fiscal year ended May 2025; ¥4 billion for the fiscal year ending May 2028 / Segment Profit or Loss ¥1.12 billion for the fiscal year ended May 2025; ¥1.5 billion for the fiscal year ending May 2028, Segment SaaS Business / Net Sales ¥1.25 billion for the fiscal year ended May 2025; ¥2 billion for the fiscal year ending May 2028 / Segment Profit or Loss ¥480 million for the fiscal year ended May 2025; ¥900 million for the fiscal year ending May 2028, Segment DX Business / Net Sales ¥470 million for the fiscal year ended May 2025; ¥2 billion for the fiscal year ending May 2028 / Segment Profit or Loss Loss of ¥10 million for the fiscal year ended May 2025; ¥600 million for the fiscal year ending May 2028 |
| Non-financial targets | Indicator Tradable share ratio / Target value 50% or higher / Timing Around May 2028 |
| Plan assumptions | The revenue target for the fiscal year ending May 2028 assumes a certain contribution from M&A., The operating profit target for the fiscal year ending May 2028 does not assume a contribution from M&A, as it factors in amortization and other expenses associated with M&A., The new GMV markets created by TikTok and LLM × Shopping are estimated to reach approximately ¥1 trillion each in three years., Investment opportunities are generally assessed on the basis that they are expected to generate an IRR of 10% or higher. |
| Key initiatives | 1. Group Synergy, 2. Full-Stack & Deep-Dive, 3. ¥2 Tn Commerce Frontier, 4. Agent-First SaaS, 5. Partner & Propel, Launch of a research media platform for agentic commerce, Provision of applications supporting the stable operation of TikTok Shop, Expand usage by LLMs and AI agents, Expand the business pipeline |
| Results under the previous plan | Cumulative Q3 plan for the fiscal year ending May 2026 (based on the revised forecast published in October 2025) → Cumulative Q3 results: revenue 3,603; operating profit 1,430 |
| Reason for revision or withdrawal | The company identifies changes in the market driven by the spread of AI agents, a shift in the basis of competition from functions to the ability to generate results, and the creation of new GMV markets through TikTok and LLM × Shopping as growth opportunities. |
| Size of the Target Market | The new GMV markets created by TikTok and LLM × Shopping are expected to reach approximately ¥1 trillion each, or ¥2 trillion in total, in three years. Source: Not disclosed. |
| Publication date | 26 March 2026 |
Items this document does not state (7)
Operating profit margin targetNet income targetROIC targetCost of capitalSelf-assessment of PBR and share priceRisks identifiedDate 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.To advance five growth strategies centered on data utilization. The company identifies the spread of AI agents and the expansion of new commerce markets through TikTok and LLM × Shopping as growth opportunities, and plans to focus on expanding its customer-support capabilities, system development, and M&A and capital alliances.
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.