Worth reading
63In 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
20
ROE (%, target for 3 consecutive fiscal years)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partially revisedROE+2.0pt
基準 18Target20％
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).
Net SalesNot disclosed → Approximately ¥212 billion
Net income for the current fiscal yearNot disclosed → Approximately ¥76 billion
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planNot disclosed → Operating revenue ¥198.7 billion / Operating profit ¥116.2 billion / Profit attributable to owners of parent ¥79.1 billion
Investment amount by sectorField Systems Investment / Amount Approximately ¥45.0 billion
Statements about the use of capital
Payout ratio / DOE policyPayout ratio of at least 60%. Total shareholder returns for the 3-year period will be approximately ¥230 billion, including approximately ¥60 billion in share buybacks. The applicable period is 3 years.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 policyShare buybacks of approximately ¥60 billion are included in total shareholder returns of approximately ¥230 billion for the 3-year period. The amount may increase or decrease depending on market conditions and the implementation of future growth investments, among other factors. Additional shareholder returns will be considered flexibly in light of the future financial position and other factors.
Key initiatives
01Promoting the autonomous enhancement of listed companies’ value
02Creating an environment conducive to investment
03Fostering the equity and options markets
04Evolving as a core market in Asia
05Strengthening and expanding interest-related products and services
06Fostering energy-related products
07Next-generation development of data services
08Proactively adopting advanced technologies such as AI
09Contributing to solutions to challenges facing the industry as a whole
10Expanding market functions and service areas
11Research and development to open up next-generation market infrastructure
12Strengthening self-regulatory functions to further enhance market confidence
13Further pursuing the reliability and resilience of systems infrastructure
14Continuously strengthening human capital through ambitious investment
Plan assumptionsCalculated on the assumption that the average daily trading value of shares and other securities will be ¥7.5 trillion throughout the 3-year period, Assumes average annual growth of approximately 12% in interest-related revenue, Assumes average annual growth of approximately 8% in data services revenue
Non-financial targetsIndicator Core system availability / Target value 100％ / Timing Not disclosed
Risks identified by the company
Rising geopolitical risks
Decline in the working-age population
Transition to a sustainable society
Potential increases or decreases in Cash In, investment amounts and shareholder returns due to market conditions and other factors
Uncertain factors affecting future business performance
Certain risks and uncertainties concerning future outlooks, including business strategies
Reason for revision or withdrawal
The financial targets were revised based on the ROE level in fiscal 2025. In light of the expanded outlook for cumulative Cash In over the 3-year period, shareholder returns for the 3-year period were increased while promoting investment for the future. Based on changes in the business environment and the progress and results of initiatives to date, the overall direction of Medium-Term Management Plan 2027 has been maintained.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2027 |
| Plan period | 3-year plan from fiscal 2025 (fiscal 2025–fiscal 2027) |
| Progress against the plan | Partially revised |
| Sales Target | Not disclosed → Approximately ¥212 billion |
| Net income target | Not disclosed → Approximately ¥76 billion |
| ROE target | At least 18.0% in the final fiscal year → At least 20.0% for 3 consecutive fiscal years |
| Payout ratio / DOE policy | Payout ratio of at least 60%. Total shareholder returns for the 3-year period will be approximately ¥230 billion, including approximately ¥60 billion in share buybacks. The applicable period is 3 years. |
| Treasury share acquisition policy | Share buybacks of approximately ¥60 billion are included in total shareholder returns of approximately ¥230 billion for the 3-year period. The amount may increase or decrease depending on market conditions and the implementation of future growth investments, among other factors. Additional shareholder returns will be considered flexibly in light of the future financial position and other factors. |
| Investment amount by sector | Field Systems Investment / Amount Approximately ¥45.0 billion |
| Non-financial targets | Indicator Core system availability / Target value 100％ / Timing Not disclosed |
| Plan assumptions | Calculated on the assumption that the average daily trading value of shares and other securities will be ¥7.5 trillion throughout the 3-year period, Assumes average annual growth of approximately 12% in interest-related revenue, Assumes average annual growth of approximately 8% in data services revenue |
| Key initiatives | Promoting the autonomous enhancement of listed companies’ value, Creating an environment conducive to investment, Fostering the equity and options markets, Evolving as a core market in Asia, Strengthening and expanding interest-related products and services, Fostering energy-related products, Next-generation development of data services, Proactively adopting advanced technologies such as AI, Contributing to solutions to challenges facing the industry as a whole, Expanding market functions and service areas, Research and development to open up next-generation market infrastructure, Strengthening self-regulatory functions to further enhance market confidence, Further pursuing the reliability and resilience of systems infrastructure, Continuously strengthening human capital through ambitious investment |
| Results under the previous plan | Not disclosed → Operating revenue ¥198.7 billion / Operating profit ¥116.2 billion / Profit attributable to owners of parent ¥79.1 billion |
| Reason for revision or withdrawal | The financial targets were revised based on the ROE level in fiscal 2025. In light of the expanded outlook for cumulative Cash In over the 3-year period, shareholder returns for the 3-year period were increased while promoting investment for the future. Based on changes in the business environment and the progress and results of initiatives to date, the overall direction of Medium-Term Management Plan 2027 has been maintained. |
| Risks identified | Rising geopolitical risks, Decline in the working-age population, Transition to a sustainable society, Potential increases or decreases in Cash In, investment amounts and shareholder returns due to market conditions and other factors, Uncertain factors affecting future business performance, Certain risks and uncertainties concerning future outlooks, including business strategies |
| Publication date | 28 April 2026 |
Items this document does not state (9)
Operating profit targetOperating profit margin targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planSegment targetSize of the Target MarketDate 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 financial targets were revised based on the ROE level in fiscal 2025, the expanded outlook for cumulative Cash In over the 3-year period, and changes in the business environment and progress and results of initiatives to date.
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