Worth reading
20Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
10
¥100 million (annual purchase limit)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Partially revisedKey initiatives
01Use of crypto assets
02Design of terms such as put options
03Limiting cash outflows
04Exploring the potential use of lending and other arrangements
05Operational management framework
Plan assumptionsIntensifying competition to secure transactions in the M&A market, Increasing diversity of sellers’ preferences and views regarding consideration, Progress in establishing regulations for crypto assets and changes in the market environment
Risks identified by the company
Cryptocurrency Price Volatility
Legal, tax, accounting, financial regulatory and internal control issues
Counterparty credit conditions, contractual terms and asset protection frameworks in crypto asset lending and other services
Reason for revision or withdrawal
This initiative does not change the M&A strategy itself of the Company’s group. It is intended to complement the existing strategy, which centers on business succession M&A, and enhance the feasibility of executing M&A transactions.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan “Tsunageru 2027” |
| Progress against the plan | Partially revised |
| Plan assumptions | Intensifying competition to secure transactions in the M&A market, Increasing diversity of sellers’ preferences and views regarding consideration, Progress in establishing regulations for crypto assets and changes in the market environment |
| Key initiatives | Use of crypto assets, Design of terms such as put options, Limiting cash outflows, Exploring the potential use of lending and other arrangements, Operational management framework |
| Reason for revision or withdrawal | This initiative does not change the M&A strategy itself of the Company’s group. It is intended to complement the existing strategy, which centers on business succession M&A, and enhance the feasibility of executing M&A transactions. |
| Risks identified | Cryptocurrency Price Volatility, Legal, tax, accounting, financial regulatory and internal control issues, Counterparty credit conditions, contractual terms and asset protection frameworks in crypto asset lending and other services |
| Date of board resolution | 15 May 2026 |
| Publication date | 15 May 2026 |
Items this document does not state (17)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planSize of the Target Market
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 enhance the ability to secure M&A opportunities, negotiating power and capital efficiency, in light of intensifying competition to secure transactions in the M&A market, the increasing diversity of sellers’ preferences and views regarding consideration, and changes in the regulatory and market environments for crypto assets.
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.