Worth reading
49Recurring
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
9.7
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet SalesNot disclosed → CAGR 20～25％
Operating profit marginNot disclosed → 25–30% in the final year
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planRevenue CAGR of 20–25%; operating profit margin of 25–30% in the final year → Results for the fiscal year ended February 2026: revenue up 9.7% year on year; operating profit margin of 20.2%+6,653.3%Calculated from the two disclosed figures
Statements about the use of capital
Treasury share acquisition policyThe share buyback announced on 13 January 2026 is in progress. The buyback will end on 30 April 2026.
Key initiatives
01Optimization of the workforce structure
02Evolve existing businesses
03Sales Force Strengthening
04Strengthening of the specialized PMO team
05Strengthen offerings
06Establish an AI-focused subsidiary
07Strengthening Sales Capabilities
Plan assumptions9.9% annual average growth in the domestic business consulting market from 2024 to 2029, Domestic business consulting market spending: 798.7 in 2024 and 1,283.2 in 2029 (¥ billion), SOM market growth rates: approximately 10% CAGR and approximately 20–25%
Non-financial targetsIndicator name Appropriate management-level pyramid / Target value Partners: 10%; managers: 30%; members: 60% / Timing Not disclosed
Size of the Target MarketMarket Domestic business consulting market / Scale 798.7 in 2024 and 1,283.2 in 2029 / Growth rate 9.9% CAGR from 2024 to 2029 / Source IDC Japan, "Domestic Business Consulting Market Forecast, 2025–2029," November 2025 (JPJ52154925), Market SOM / Scale Approximately 30,000 people and approximately 10,000 people (annual FTEs) / Growth rate Approximately 10% CAGR and approximately 20–25% / Source Estimates calculated by the company based on publicly available information and other sources
Risks identified by the company
Securing consulting personnel with business consulting skills and technology skills, including AI
Reason for revision or withdrawal
Hiring shortfalls and increased departures delayed the recruitment of partners and senior members, disrupting the balance of the workforce structure and preventing the formation of teams to win projects, which reduced utilization. In addition to changing the organizational structure to reflect market needs, the company will focus on evolving its existing businesses using AI and strengthening sales capabilities through collaboration and other initiatives.
| Item | Details |
|---|---|
| Plan name | Medium-term Management Plan |
| Progress against the plan | Annual update |
| Sales Target | Not disclosed → CAGR 20～25％ |
| Operating profit margin target | Not disclosed → 25–30% in the final year |
| Treasury share acquisition policy | The share buyback announced on 13 January 2026 is in progress. The buyback will end on 30 April 2026. |
| Non-financial targets | Indicator name Appropriate management-level pyramid / Target value Partners: 10%; managers: 30%; members: 60% / Timing Not disclosed |
| Plan assumptions | 9.9% annual average growth in the domestic business consulting market from 2024 to 2029, Domestic business consulting market spending: 798.7 in 2024 and 1,283.2 in 2029 (¥ billion), SOM market growth rates: approximately 10% CAGR and approximately 20–25% |
| Key initiatives | Optimization of the workforce structure, Evolve existing businesses, Sales Force Strengthening, Strengthening of the specialized PMO team, Strengthen offerings, Establish an AI-focused subsidiary, Strengthening Sales Capabilities |
| Results under the previous plan | Revenue CAGR of 20–25%; operating profit margin of 25–30% in the final year → Results for the fiscal year ended February 2026: revenue up 9.7% year on year; operating profit margin of 20.2% |
| Reason for revision or withdrawal | Hiring shortfalls and increased departures delayed the recruitment of partners and senior members, disrupting the balance of the workforce structure and preventing the formation of teams to win projects, which reduced utilization. In addition to changing the organizational structure to reflect market needs, the company will focus on evolving its existing businesses using AI and strengthening sales capabilities through collaboration and other initiatives. |
| Size of the Target Market | Market Domestic business consulting market / Scale 798.7 in 2024 and 1,283.2 in 2029 / Growth rate 9.9% CAGR from 2024 to 2029 / Source IDC Japan, "Domestic Business Consulting Market Forecast, 2025–2029," November 2025 (JPJ52154925), Market SOM / Scale Approximately 30,000 people and approximately 10,000 people (annual FTEs) / Growth rate Approximately 10% CAGR and approximately 20–25% / Source Estimates calculated by the company based on publicly available information and other sources |
| Risks identified | Securing consulting personnel with business consulting skills and technology skills, including AI |
| Publication date | 21 May 2026 |
Items this document does not state (12)
Plan periodOperating profit targetNet income targetROE targetROIC targetPayout ratio / DOE policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetDate 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 company stated that hiring shortfalls and increased departures delayed the recruitment of partners and senior members, disrupting the balance of the workforce structure and preventing the formation of teams to win projects, which reduced utilization. As a result, personnel expenses as a percentage of revenue rose and the operating profit margin declined.
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.