Worth reading
52Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales0.0%
基準 20,000Target20,000million
Operating profit0.0%
基準 1,000Target1,000million
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.
What happened to the previous plan¥12,200 million → ¥12,600 million（103.2% (versus plan)）+3.3%Calculated from the two disclosed figures
Key initiatives
01Investment in new businesses
02Strengthen the competitiveness of Housing Equipment DX: enter the Solutions Business
03Investment to build a business platform supporting growth
04Enhance brand strength and awareness
05Ongoing business enhancement initiatives
06Technology investment
Plan assumptionsThe residential renovation market was ¥7.3 trillion in fiscal 2021, with a government target of ¥7–8 trillion in 2030, New housing starts were 860,000 units in fiscal 2021, with an outlook of 700,000 units in fiscal 2030, The IT services market was ¥6.4608 trillion in 2023 and is forecast to reach ¥8.1495 trillion in 2028, representing an average annual growth rate of 4.8%
Size of the Target MarketMarket Residential Renovation Market / Scale ¥7.3 trillion (fiscal 2021); ¥7–8 trillion (government target for 2030) / Source Yano Research Institute Co., Ltd.; Nomura Research Institute,Ltd., Market Housing equipment market / Scale ¥2.8 trillion / Source Market data stated in the materials, Market IT services market / Scale ¥6.4608 trillion in 2023 to ¥8.1495 trillion in 2028 (forecast); average annual growth rate of 4.8% / Source IDC Japan, July 2024 survey, Market B2C e-commerce market / Scale ¥24.8 trillion (2023) / Source Ministry of Economy, Trade and Industry, “FY2022 Digital Transaction Environment Development Project (Market Survey on Electronic Commerce)”
Risks identified by the company
The risk that SEO measures may no longer function adequately due to changes in search algorithms by search engine operators
Information security risks, including cyberattacks
The risk of natural disasters significantly exceeding expectations
| Item | Details |
|---|---|
| Plan name | Three-Year Medium-Term Consolidated Earnings Plan |
| Plan period | Fiscal years ending March 2026 to March 2028 |
| Progress against the plan | Annual update |
| Sales Target | ¥20,000 million → ¥20,000 million |
| Operating profit target | ¥1,000 million → ¥1,000 million |
| Plan assumptions | The residential renovation market was ¥7.3 trillion in fiscal 2021, with a government target of ¥7–8 trillion in 2030, New housing starts were 860,000 units in fiscal 2021, with an outlook of 700,000 units in fiscal 2030, The IT services market was ¥6.4608 trillion in 2023 and is forecast to reach ¥8.1495 trillion in 2028, representing an average annual growth rate of 4.8% |
| Key initiatives | Investment in new businesses, Strengthen the competitiveness of Housing Equipment DX: enter the Solutions Business, Investment to build a business platform supporting growth, Enhance brand strength and awareness, Ongoing business enhancement initiatives, Technology investment |
| Results under the previous plan | ¥12,200 million → ¥12,600 million（103.2% (versus plan)） |
| Size of the Target Market | Market Residential Renovation Market / Scale ¥7.3 trillion (fiscal 2021); ¥7–8 trillion (government target for 2030) / Source Yano Research Institute Co., Ltd.; Nomura Research Institute,Ltd., Market Housing equipment market / Scale ¥2.8 trillion / Source Market data stated in the materials, Market IT services market / Scale ¥6.4608 trillion in 2023 to ¥8.1495 trillion in 2028 (forecast); average annual growth rate of 4.8% / Source IDC Japan, July 2024 survey, Market B2C e-commerce market / Scale ¥24.8 trillion (2023) / Source Ministry of Economy, Trade and Industry, “FY2022 Digital Transaction Environment Development Project (Market Survey on Electronic Commerce)” |
| Risks identified | The risk that SEO measures may no longer function adequately due to changes in search algorithms by search engine operators, Information security risks, including cyberattacks, The risk of natural disasters significantly exceeding expectations |
Items this document does not state (15)
Operating 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 targetsReason for revision or withdrawalDate of board resolutionPublication date
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.Operating conditions remained solid in both the Housing Equipment DX Business and the Solutions Business, and net sales exceeded the plan. Operating profit fell short of the plan due to one-off expenses related to M&A and other factors.
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.