Worth reading
74In 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
1
Years (postponement of the sales plan)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+0.1%
基準 2,027Target2,029hundred million
Operating profit+0.1%
基準 2,027Target2,029hundred million
Operating profit margin+2.0pt
基準 2,027Target2,029%
ROE+3.0pt
基準 2,026Target2,029%
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.
Net income for the current fiscal yearFiscal year ending March 2027 forecast: 12 → Not disclosed
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Payout ratio / DOE policyThe company will build retained earnings necessary for future growth while targeting a dividend payout ratio of 35%. This policy applies during the plan period. No DOE policy is stated.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
011. Expansion of the existing business: analog × active-senior business
022. Expansion of the customer base: digital × pre-senior business
033. Overseas expansion: product sales business through digital marketing in China
Plan assumptionsFor the population of the company's target demographic, the company estimates that in 2024 there were 16.4 million active seniors and 12.9 million pre-seniors, and projects that in 2034 there will be 15.8 million active seniors and 12.7 million pre-seniors. Sources: the Statistics Bureau of the Ministry of Internal Affairs and Communications, Population Estimates, and the National Institute of Population and Social Security Research, Population Projections for Japan (2023 projection).
Size of the Target MarketIn 2024, the analog population of senior women comprised 10.1 million active seniors and 1.6 million pre-seniors. The company's share of the active-senior × analog market is approximately 7%. Source: the company's estimate based on data from the Statistics Bureau of the Ministry of Internal Affairs and Communications.
Risks identified by the company
Impairment risk
Risks relating to procurement
Reputational risk
Personal information risk
Security risk
System-related risks
System failure risk
Reason for revision or withdrawal
The company will proceed with structural reforms and first improve profitability, then seek to achieve both sales and profit growth, and has therefore revised its medium-term management plan. Only the sales plan in the medium-term management plan established for the fiscal year ended March 2025 has been pushed back by 1 year.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan |
| Plan period | Fiscal years ending March 2025–March 2029 |
| Progress against the plan | Partially revised |
| Sales Target | Fiscal year ending March 2027 forecast: 350 → Fiscal year ending March 2029 plan: 400（+14.3%） |
| Operating profit target | Fiscal year ending March 2027 forecast: 20 → Fiscal year ending March 2029 plan: 30（+50.0%） |
| Operating profit margin target | Fiscal year ending March 2027 forecast: 5.7% → Fiscal year ending March 2029 plan: 7.5%（+31.6%） |
| Net income target | Fiscal year ending March 2027 forecast: 12 → Not disclosed |
| ROE target | Actual for the fiscal year ended March 2026: 12% → Fiscal year ending March 2029 plan: 16% |
| Payout ratio / DOE policy | The company will build retained earnings necessary for future growth while targeting a dividend payout ratio of 35%. This policy applies during the plan period. No DOE policy is stated. |
| Plan assumptions | For the population of the company's target demographic, the company estimates that in 2024 there were 16.4 million active seniors and 12.9 million pre-seniors, and projects that in 2034 there will be 15.8 million active seniors and 12.7 million pre-seniors. Sources: the Statistics Bureau of the Ministry of Internal Affairs and Communications, Population Estimates, and the National Institute of Population and Social Security Research, Population Projections for Japan (2023 projection). |
| Key initiatives | 1. Expansion of the existing business: analog × active-senior business, 2. Expansion of the customer base: digital × pre-senior business, 3. Overseas expansion: product sales business through digital marketing in China |
| Reason for revision or withdrawal | The company will proceed with structural reforms and first improve profitability, then seek to achieve both sales and profit growth, and has therefore revised its medium-term management plan. Only the sales plan in the medium-term management plan established for the fiscal year ended March 2025 has been pushed back by 1 year. |
| Size of the Target Market | In 2024, the analog population of senior women comprised 10.1 million active seniors and 1.6 million pre-seniors. The company's share of the active-senior × analog market is approximately 7%. Source: the company's estimate based on data from the Statistics Bureau of the Ministry of Internal Affairs and Communications. |
| Risks identified | Impairment risk, Risks relating to procurement, Reputational risk, Personal information risk, Security risk, System-related risks, System failure risk |
| Publication date | June 2026 |
Items this document does not state (10)
ROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous 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.The company will proceed with structural reforms and first improve profitability, then seek to achieve both sales and profit growth. In light of the substantial improvement in profitability from structural reforms in the fiscal year ending March 2026, the company plans to return sales to a growth trajectory from the fiscal year ending March 2027.
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.