Worth reading
80Important
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
400
¥100 million (compared with actual operating revenue for the fiscal year ended March 2026)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedNet Sales+0.2%
基準 2,026Target2,030100 million
Net income for the current fiscal year+0.2%
基準 2,026Target2,030100 million
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.
ROE27.5% (actual for the fiscal year ended March 2026) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous plan1,400 (target market capitalization for the fiscal year ending March 2026) → 678 (actual market capitalization for the fiscal year ended March 2026)0.0%Calculated from the two disclosed figures
Total investment planGrowth investments of ¥20.0 billion (over 4 years)
Investment amount by sectorField M&A and new business investments (Japan and overseas) / Amount Not disclosed, Field DX, human capital, and capital investments / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyTargeting a total payout ratio of 50% for the fiscal year ending March 2030. The Company will continue to increase dividends and aims for a payout ratio above 30%. DOE: not disclosed.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 policyThe Company plans to continue repurchasing its own shares. It will make flexible decisions based on the business environment and financial condition, and periodically cancel the portion exceeding 5% of the number of shares issued.
Self-assessment of PBR and share priceThe Company recognizes that its market valuation remains limited to the conventional valuation applied to a financial-only company. For the fiscal year ending March 2026: PER of 11x, PBR of 2.7x, and market capitalization of ¥67.8 billion.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Strengthen the CarPremier Club membership organization
02Become essential infrastructure for businesses
03Bring users into the economic sphere
04Strengthening IT and data strategy to support our services
05Integrate consolidated subsidiaries under a single brand
06Strengthening the Overseas Business
07Core systems: roadmap during the medium-term management plan period
Plan assumptionsThe domestic used-car market is expected to remain flat and is projected to contract over the longer term. Annual used-car retail sales totaled approximately 2.5 million units in 2024, with small and mid-sized mobility operators accounting for approximately 50% of the market. The external environment is characterized by a full transition into a rising-interest-rate phase, prolonged yen depreciation, an entrenched inflationary trend, and geopolitical risks.
Segment targetSegment/area Overseas markets and areas with growth potential / Operating revenue target ¥4 billion / Profit before tax target ¥500 million / Timing Fiscal year ending March 2030
Non-financial targetsIndicator Number of Car Premium Club member stores / Target value 12,000 locations / Timing By 2030, Indicator Churn rate (cancellation rate among CarPremier Club members) / Target value 1.0% or less / Timing By 2030, Indicator Existing Diamond member LTV / Target value 2.5x / Timing By 2030
Size of the Target MarketApproximately 2.5 million annual used-car retail sales in 2024, with small and mid-sized mobility operators accounting for approximately 50% of the market. The used-car market is expected to remain flat and is projected to contract over the longer term. Source: Prepared and estimated by the Company based on data published in Yano Research Institute's "2026 Used Car Distribution Overview."
Risks identified by the company
Full transition into a rising-interest-rate phase
Prolonged yen depreciation
Entrenched inflationary trend
Economic uncertainty arising from geopolitical risks
Decline in the working-age population and accelerating population aging
Structural changes in the labor market
Generative AI and other innovative technologies
Mobility revolution driven by MaaS and CASE
Slowdown in the global shift toward EVs
Economic Trends
Competition in the industry
Market Demand
Exchange rate
Tax systems and other regulations
Reason for revision or withdrawal
To complete the "automotive mobility ecosystem" and transform it into the "one-of-a-kind CarPremier economic sphere."
| Item | Details |
|---|---|
| Plan name | Change & Prove 2030 |
| Plan period | Fiscal year ending March 2027 to fiscal year ending March 2030 (4 years) |
| Progress against the plan | Formulated |
| Sales Target | 440 (actual for the fiscal year ended March 2026) → 840 (target for the fiscal year ending March 2030)（+90.9%） |
| Net income target | 60 (actual for the fiscal year ended March 2026) → 140 (target for the fiscal year ending March 2030)（+133.3%） |
| ROE target | 27.5% (actual for the fiscal year ended March 2026) → Not disclosed |
| Payout ratio / DOE policy | Targeting a total payout ratio of 50% for the fiscal year ending March 2030. The Company will continue to increase dividends and aims for a payout ratio above 30%. DOE: not disclosed. |
| Treasury share acquisition policy | The Company plans to continue repurchasing its own shares. It will make flexible decisions based on the business environment and financial condition, and periodically cancel the portion exceeding 5% of the number of shares issued. |
| Self-assessment of PBR and share price | The Company recognizes that its market valuation remains limited to the conventional valuation applied to a financial-only company. For the fiscal year ending March 2026: PER of 11x, PBR of 2.7x, and market capitalization of ¥67.8 billion. |
| Total investment plan | Growth investments of ¥20.0 billion (over 4 years) |
| Investment amount by sector | Field M&A and new business investments (Japan and overseas) / Amount Not disclosed, Field DX, human capital, and capital investments / Amount Not disclosed |
| Segment target | Segment/area Overseas markets and areas with growth potential / Operating revenue target ¥4 billion / Profit before tax target ¥500 million / Timing Fiscal year ending March 2030 |
| Non-financial targets | Indicator Number of Car Premium Club member stores / Target value 12,000 locations / Timing By 2030, Indicator Churn rate (cancellation rate among CarPremier Club members) / Target value 1.0% or less / Timing By 2030, Indicator Existing Diamond member LTV / Target value 2.5x / Timing By 2030 |
| Plan assumptions | The domestic used-car market is expected to remain flat and is projected to contract over the longer term. Annual used-car retail sales totaled approximately 2.5 million units in 2024, with small and mid-sized mobility operators accounting for approximately 50% of the market. The external environment is characterized by a full transition into a rising-interest-rate phase, prolonged yen depreciation, an entrenched inflationary trend, and geopolitical risks. |
| Key initiatives | Strengthen the CarPremier Club membership organization, Become essential infrastructure for businesses, Bring users into the economic sphere, Strengthening IT and data strategy to support our services, Integrate consolidated subsidiaries under a single brand, Strengthening the Overseas Business, Core systems: roadmap during the medium-term management plan period |
| Results under the previous plan | 1,400 (target market capitalization for the fiscal year ending March 2026) → 678 (actual market capitalization for the fiscal year ended March 2026) |
| Reason for revision or withdrawal | To complete the "automotive mobility ecosystem" and transform it into the "one-of-a-kind CarPremier economic sphere." |
| Size of the Target Market | Approximately 2.5 million annual used-car retail sales in 2024, with small and mid-sized mobility operators accounting for approximately 50% of the market. The used-car market is expected to remain flat and is projected to contract over the longer term. Source: Prepared and estimated by the Company based on data published in Yano Research Institute's "2026 Used Car Distribution Overview." |
| Risks identified | Full transition into a rising-interest-rate phase, Prolonged yen depreciation, Entrenched inflationary trend, Economic uncertainty arising from geopolitical risks, Decline in the working-age population and accelerating population aging, Structural changes in the labor market, Generative AI and other innovative technologies, Mobility revolution driven by MaaS and CASE, Slowdown in the global shift toward EVs, Economic Trends, Competition in the industry, Market Demand, Exchange rate, Tax systems and other regulations |
| Publication date | 11 May 2026 |
Items this document does not state (5)
Operating profit targetOperating profit margin targetROIC targetCost of capitalDate 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 complete the "automotive mobility ecosystem" and transform it into the "one-of-a-kind CarPremier economic sphere."
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.