Worth reading
71In 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
70
Hundreds of millions of yenWording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+0.1%
基準 2,027Target2,030Hundreds of millions of yen
Operating profit margin+2,019.5pt
基準 10.5Target2,030％
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.
Operating profit¥500 million (previous target for the fiscal year ending June 2027) → Not disclosed
Net income for the current fiscal yearNot disclosed → At least ¥700 million (2030)
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planRevenue of ¥5 billion, operating margin of at least 10%, production capacity increased by at least 30%, 314 employees, and a 15% share for the reliability evaluation business → Actual results for the fiscal year ended June 2026: revenue of ¥4.3 billion, operating margin of 11.3%, production capacity increased by 17.9%, 261 employees, and a 13.5% share for the reliability evaluation business（Revenue 86.1%, operating margin 113.0%, production capacity 59.7%, personnel 83.1%, market share 89.7%）+545.2%Calculated from the two disclosed figures
Total investment planStrategic investment budget of ¥3 billion through 2030
Investment amount by sectorField Capital Expenditure / Amount Planned investment of ¥900 million (fiscal year ending June 2027), Field Growth investment in the precision processing business / Amount Under consideration: at least ¥1 billion, Field Growth investment, M&A and other strategic investment / Amount Not disclosed
Statements about the use of capital
Payout ratio / DOE policyThe policy is to continue providing stable dividends to shareholders while returning profits appropriately, taking business performance into account. Applicable period: Going forwardThe payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Increase market share through stronger sales activities and capital investment
02Capital investment, employee development and stronger sales activities
03Capital investment and winning projects through stronger sales activities
04Utilize Power Electronics C and recruit personnel
05Joint research with Ritsumeikan University and development of new applications
06Evolve into an evaluation equipment manufacturer
07Advance management through the full use of AI
08Develop new technologies for advanced semiconductor packages
09Evolve from a contract business for power semiconductors into an equipment business
10Withdraw from the GeO2 semiconductor and bio businesses and concentrate resources on the MAP project and existing R&D businesses
11Expand the Osaka and Nagoya locations
12Pursue business alliances and M&A opportunities flexibly as they arise
Plan assumptionsOrganic growth of 6–10% in each division, CAGR of 5–6% for the outsourced domestic analysis and reliability evaluation services market, CAGR of 6% for the electronics-sector SAM, Capital investment will be made only in projects expected to have a cash flow payback period of 5 years or less under the Company’s internal review process
Segment targetSegment Reliability Evaluation Business / Sales target At least ¥5.9 billion (2030) / Profit Target Not disclosed / Other CAGR of 13.8% from 2026 to 2030, Segment Fine Processing Business / Sales target At least ¥900 million (2030) / Profit Target Not disclosed / Other CAGR of 14.3% from 2026 to 2030, Segment Other Businesses / Sales target At least ¥200 million (2030) / Profit Target Not disclosed / Other CAGR of 16.6% from 2026 to 2030
Non-financial targetsIndicator Production capacity / Target value Increase by 40% / Timing 2030, Indicator Personnel / Target value Increase by 30% / Timing 2030, Indicator Share of the SAM for the reliability evaluation business / Target value 3.5％ / Timing 2030, Indicator R&D expenses as a percentage of revenue / Target value Maintain at 5% / Timing Next steps, Indicator Employee turnover rate / Target value Within 5% / Timing Not disclosed, Indicator Male employees' childcare leave uptake rate / Target value At least 80% / Timing Not disclosed
Size of the Target MarketDomestic Japanese outsourced market for analysis and reliability evaluation services (TAM): ¥700 billion in 2030, with a CAGR of 5–6%. Of this, the electronics sector (SAM): ¥150 billion in 2025 and ¥200 billion in 2030, with a CAGR of 6%. Source: Newly estimated with support from an external consulting firm.
Risks identified by the company
Risk of fluctuations in business performance resulting from structural changes in the automotive industry (likelihood of materialization: medium / impact: high / timing: no specific timing)
Risk relating to competing companies and new market entrants (likelihood of materialization: medium / impact: high / timing: no specific timing)
Reason for revision or withdrawal
The targets were reviewed in light of changes in the business environment and expanding growth opportunities, with the aim of maximizing corporate value toward 2030. It has become clear that further growth will require not only additional equipment and personnel, but also new locations and new business pillars.
| Item | Details |
|---|---|
| Plan name | New Medium- to Long-Term 2027–2030 Management Targets |
| Plan period | Fiscal years ending June 2027 to June 2030 |
| Progress against the plan | Partially revised |
| Sales Target | ¥4.6 billion (forecast for the fiscal year ending June 2027; previous target: ¥5 billion) → At least ¥7 billion (fiscal year ending June 2030) |
| Operating profit target | ¥500 million (previous target for the fiscal year ending June 2027) → Not disclosed |
| Operating profit margin target | At least 10% (previous target; revised from at least 10.5%) → At least 15% (2030) |
| Net income target | Not disclosed → At least ¥700 million (2030) |
| Payout ratio / DOE policy | The policy is to continue providing stable dividends to shareholders while returning profits appropriately, taking business performance into account. Applicable period: Going forward |
| Total investment plan | Strategic investment budget of ¥3 billion through 2030 |
| Investment amount by sector | Field Capital Expenditure / Amount Planned investment of ¥900 million (fiscal year ending June 2027), Field Growth investment in the precision processing business / Amount Under consideration: at least ¥1 billion, Field Growth investment, M&A and other strategic investment / Amount Not disclosed |
| Segment target | Segment Reliability Evaluation Business / Sales target At least ¥5.9 billion (2030) / Profit Target Not disclosed / Other CAGR of 13.8% from 2026 to 2030, Segment Fine Processing Business / Sales target At least ¥900 million (2030) / Profit Target Not disclosed / Other CAGR of 14.3% from 2026 to 2030, Segment Other Businesses / Sales target At least ¥200 million (2030) / Profit Target Not disclosed / Other CAGR of 16.6% from 2026 to 2030 |
| Non-financial targets | Indicator Production capacity / Target value Increase by 40% / Timing 2030, Indicator Personnel / Target value Increase by 30% / Timing 2030, Indicator Share of the SAM for the reliability evaluation business / Target value 3.5％ / Timing 2030, Indicator R&D expenses as a percentage of revenue / Target value Maintain at 5% / Timing Next steps, Indicator Employee turnover rate / Target value Within 5% / Timing Not disclosed, Indicator Male employees' childcare leave uptake rate / Target value At least 80% / Timing Not disclosed |
| Plan assumptions | Organic growth of 6–10% in each division, CAGR of 5–6% for the outsourced domestic analysis and reliability evaluation services market, CAGR of 6% for the electronics-sector SAM, Capital investment will be made only in projects expected to have a cash flow payback period of 5 years or less under the Company’s internal review process |
| Key initiatives | Increase market share through stronger sales activities and capital investment, Capital investment, employee development and stronger sales activities, Capital investment and winning projects through stronger sales activities, Utilize Power Electronics C and recruit personnel, Joint research with Ritsumeikan University and development of new applications, Evolve into an evaluation equipment manufacturer, Advance management through the full use of AI, Develop new technologies for advanced semiconductor packages, Evolve from a contract business for power semiconductors into an equipment business, Withdraw from the GeO2 semiconductor and bio businesses and concentrate resources on the MAP project and existing R&D businesses, Expand the Osaka and Nagoya locations, Pursue business alliances and M&A opportunities flexibly as they arise |
| Results under the previous plan | Revenue of ¥5 billion, operating margin of at least 10%, production capacity increased by at least 30%, 314 employees, and a 15% share for the reliability evaluation business → Actual results for the fiscal year ended June 2026: revenue of ¥4.3 billion, operating margin of 11.3%, production capacity increased by 17.9%, 261 employees, and a 13.5% share for the reliability evaluation business（Revenue 86.1%, operating margin 113.0%, production capacity 59.7%, personnel 83.1%, market share 89.7%） |
| Reason for revision or withdrawal | The targets were reviewed in light of changes in the business environment and expanding growth opportunities, with the aim of maximizing corporate value toward 2030. It has become clear that further growth will require not only additional equipment and personnel, but also new locations and new business pillars. |
| Size of the Target Market | Domestic Japanese outsourced market for analysis and reliability evaluation services (TAM): ¥700 billion in 2030, with a CAGR of 5–6%. Of this, the electronics sector (SAM): ¥150 billion in 2025 and ¥200 billion in 2030, with a CAGR of 6%. Source: Newly estimated with support from an external consulting firm. |
| Risks identified | Risk of fluctuations in business performance resulting from structural changes in the automotive industry (likelihood of materialization: medium / impact: high / timing: no specific timing), Risk relating to competing companies and new market entrants (likelihood of materialization: medium / impact: high / timing: no specific timing) |
Items this document does not state (7)
ROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceDate 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.The targets were reviewed in light of changes in the business environment and expanding growth opportunities, with the aim of maximizing corporate value toward 2030. It has become clear that further growth will require not only additional equipment and personnel, but also new locations and new business pillars.
How to read this page
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