Worth reading
62In 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
8000
¥ millionWording
Conditional
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
Operating profit margin-1,997.0pt
基準 2,027Target30%
ROE+2.0pt
基準 2,026Target2,028%
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.
Total investment planAmount ¥4.5 billion / Period Fiscal years ending May 2026 to May 2028 / Details Investment & returns
Investment amount by sectorField Growth investment (hiring, products, AI use, etc.) / Amount Not disclosed, Field M&A / Amount Not disclosed, Field Fixed assets (software, etc.) / Amount Not disclosed, Field M&A or investment securities / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyTarget Targeting an annual DOE of 5% / Period Covered AnnualThe 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 dividends. In the fiscal year ended May 2026, the company conducted a ¥800 million share buyback.
Key initiatives
01Group Synergy
02Full-Stack & Deep-Dive
03¥2 Tn Commerce Frontier
04Agent-First SaaS
05Partner & Propel
06Basic capital allocation policy
07PS Business
08SaaS Business
09DX Business
10Segment collaboration
Plan assumptionsThe company expects revenue to receive a certain level of contribution from M&A., The company does not expect M&A to contribute to operating profit, due to anticipated amortisation and other expenses associated with M&A., The assumptions underlying advertising operations, SaaS and e-commerce support are changing because of AI.
Segment targetSegment PS Business / Sales Target ¥4 billion / Segment Profit Targets ¥1.5 billion / Timing Fiscal year ending May 2028, Segment SaaS Business / Sales Target ¥2 billion / Segment Profit Targets ¥900 million / Timing Fiscal year ending May 2028, Segment DX Business / Sales Target ¥2 billion / Segment Profit Targets ¥600 million / Timing Fiscal year ending May 2028
Size of the Target MarketScale ¥2 trillion market / Growth rate Not disclosed / Source Not disclosed
Reason for revision or withdrawal
The assumptions underlying advertising operations, SaaS and e-commerce support are changing because of AI. This is ushering in an era in which AI agents understand, compare and recommend products and services. This change is a tailwind rather than a threat.
| Item | Details |
|---|---|
| Plan name | FFG Three-Year Plan |
| Plan period | Fiscal years ending May 2026 to May 2028 |
| Progress against the plan | Partially revised |
| Sales Target | FY ended May 2025 actual: 4,373 → Target for the fiscal year ending May 2028: 8,000 |
| Operating profit target | FY ended May 2025 actual: 1,592 → Target for the fiscal year ending May 2028: 3,000 |
| Operating profit margin target | FY ending May 2027 plan: 41.1% → Maintain at 30% or more |
| ROE target | FY ended May 2026 actual: 41.9% → FY ending May 2028 target: 30% or more |
| Payout ratio / DOE policy | Target Targeting an annual DOE of 5% / Period Covered Annual |
| Treasury share acquisition policy | To be implemented flexibly when cash flow exceeds investment and dividends. In the fiscal year ended May 2026, the company conducted a ¥800 million share buyback. |
| Total investment plan | Amount ¥4.5 billion / Period Fiscal years ending May 2026 to May 2028 / Details Investment & returns |
| Investment amount by sector | Field Growth investment (hiring, products, AI use, etc.) / Amount Not disclosed, Field M&A / Amount Not disclosed, Field Fixed assets (software, etc.) / Amount Not disclosed, Field M&A or investment securities / Amount Not disclosed |
| Segment target | Segment PS Business / Sales Target ¥4 billion / Segment Profit Targets ¥1.5 billion / Timing Fiscal year ending May 2028, Segment SaaS Business / Sales Target ¥2 billion / Segment Profit Targets ¥900 million / Timing Fiscal year ending May 2028, Segment DX Business / Sales Target ¥2 billion / Segment Profit Targets ¥600 million / Timing Fiscal year ending May 2028 |
| Plan assumptions | The company expects revenue to receive a certain level of contribution from M&A., The company does not expect M&A to contribute to operating profit, due to anticipated amortisation and other expenses associated with M&A., The assumptions underlying advertising operations, SaaS and e-commerce support are changing because of AI. |
| Key initiatives | Group Synergy, Full-Stack & Deep-Dive, ¥2 Tn Commerce Frontier, Agent-First SaaS, Partner & Propel, Basic capital allocation policy, PS Business, SaaS Business, DX Business, Segment collaboration |
| Reason for revision or withdrawal | The assumptions underlying advertising operations, SaaS and e-commerce support are changing because of AI. This is ushering in an era in which AI agents understand, compare and recommend products and services. This change is a tailwind rather than a threat. |
| Size of the Target Market | Scale ¥2 trillion market / Growth rate Not disclosed / Source Not disclosed |
| Publication date | 29 September 2026 |
Items this document does not state (8)
Net income targetROIC targetCost of capitalSelf-assessment of PBR and share priceNon-financial targetsResults under the previous planRisks 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.The assumptions underlying advertising operations, SaaS and e-commerce support are changing because of AI, ushering in an era in which AI agents understand, compare and recommend products and services. The company describes this change as a tailwind rather than a threat and explains that customers will need data assets and infrastructure.
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.