Worth reading
64In 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
10000
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Partially revisedNet Sales+99.8%
基準 5,004Target10,000million
Operating profit+0.0%
基準 2,027Target2,028million
Operating profit margin+1.0pt
基準 2,027Target2,028%
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.
What happened to the previous planRevenue of ¥1,880 million / operating profit of ¥14 million (initial forecast for the fiscal year ending July 2026) → Revenue of ¥1,661 million / operating loss of ¥543 million (actual results for the fiscal year ending July 2026)（Revenue down approximately 11.6% / operating profit changed from ¥14 million to an operating loss of ¥543 million）0.0%Calculated from the two disclosed figures
Investment amount by sectorField Service and system development / Amount Not disclosed, Field Telecommunications terminals and related equipment / Amount Not disclosed, Field M&A and PMI / Amount Not disclosed, Field AI infrastructure and related areas / Amount Not disclosed
Key initiatives
01Growth and improved profitability in the 4 core business segments
02MARKETING M&A
03AI- and digital-related businesses
04Expansion into the GPU and data center sectors
05Creating corporate value with external partners
Plan assumptionsThe plan for the fiscal year ending July 2027 assumes contributions from newly consolidated companies, improved profitability in existing businesses and rigorous cost management, The plan assumes improved profitability in existing businesses and expansion of business scale through M&A, while also factoring in integration costs for acquired companies, goodwill amortization, costs to strengthen group management systems and upfront investment in new businesses, The plan assumes securing procurement and sales channels and the necessary funding for the GPU-related business, as well as executing M&A in line with the plan, Actual results may differ from the targets depending on order and delivery timing for the GPU-related business, procurement prices, financing and the timing of M&A completion
Segment targetSegment Existing businesses (different from management categories and reporting segments) / Net Sales ¥1,724 million / Operating profit ¥294 million / Subject Fiscal year ending July 2027, Segment Contributions from M&A and newly established subsidiaries to consolidated results (different from management categories and reporting segments) / Net Sales ¥3,280 million / Operating profit ¥303 million / Subject Fiscal year ending July 2027, Segment Consolidated total / Net Sales ¥5,004 million / Operating profit ¥202 million / Subject Fiscal year ending July 2027
Size of the Target MarketMarket Domestic internet advertising expenditure / As of 2025 / Amount ¥4.0459 trillion / Growth Rate +10.8% year on year / Source Dentsu, "Advertising Expenditures in Japan 2025" (March 2026), Market Domestic B2C e-commerce market size / As of 2024 / Amount ¥26.1 trillion / Growth Rate +5.1% year on year / Source Ministry of Economy, Trade and Industry, "Fiscal 2024 E-Commerce Market Survey" (August 2025), Market Global travel eSIM market / As of 2025 / Amount US$1.8 billion / Growth Rate Forecast at US$8.7 billion in 2030 / Source Juniper Research, "Travel eSIM Market 2025-2030" (October 2025), Market Domestic AI market spending / As of 2025 / Amount ¥2.3725 trillion / Growth Rate Forecast at ¥6.8897 trillion in 2029 / Source IDC forecast published in 2026, Market Domestic M2M market / As of Fiscal 2024 / Amount ¥299.0 billion / Growth Rate Not disclosed / Source Yano Research Institute, "Survey of the IoT/M2M Market" (September 2025, based on operator sales)
Risks identified by the company
Failure of existing businesses to meet plan
Failure to meet targets for M&A and PMI
Fundraising and Cash Management
Capital and listing maintenance criteria
Dependence on advertising media and business partners
Products, inventory and quality
Technology and investment related to AI, GPUs and other areas
Performance and pricing of digital assets
Regulations and Regulatory Approvals
Information Management and Systems
Human Resources and Management Structure
Overseas business
Reason for revision or withdrawal
In addition to some existing businesses falling below plan, M&A-related expenses, allowance for doubtful accounts, inventory valuation losses and head office expenses affected earnings, and the planned return to profitability was not achieved, The recovery in transactions with existing customers and new orders fell below plan, while a decline in advertising budgets among major customers also affected the advertising agency business, The recovery in advertising efficiency and revenue fell below expectations, and the planned improvement in profitability was not achieved, Expansion into new fields fell below plan, and both revenue and profit fell short of the previous targets, Orders and revenue recognition for development projects fell below plan, while contributions from digital asset recovery support were limited because some projects were not completed by the end of the fiscal year
| Item | Details |
|---|---|
| Plan name | Business Plan and Growth Potential |
| Plan period | Fiscal years ending July 2027 to July 2030 |
| Progress against the plan | Partially revised |
| Sales Target | ¥5,004 million (forecast for fiscal July 2027) → ¥10,000 million (target for the fiscal year ending July 2028)（Up approximately 99.8%） |
| Operating profit target | ¥202 million (forecast for fiscal July 2027) → ¥400 million (target for the fiscal year ending July 2028)（Up approximately 98.0%） |
| Operating profit margin target | 4.0% (forecast for the fiscal year ending July 2027) → 4.0% (target for the fiscal year ending July 2028)（0%） |
| Investment amount by sector | Field Service and system development / Amount Not disclosed, Field Telecommunications terminals and related equipment / Amount Not disclosed, Field M&A and PMI / Amount Not disclosed, Field AI infrastructure and related areas / Amount Not disclosed |
| Segment target | Segment Existing businesses (different from management categories and reporting segments) / Net Sales ¥1,724 million / Operating profit ¥294 million / Subject Fiscal year ending July 2027, Segment Contributions from M&A and newly established subsidiaries to consolidated results (different from management categories and reporting segments) / Net Sales ¥3,280 million / Operating profit ¥303 million / Subject Fiscal year ending July 2027, Segment Consolidated total / Net Sales ¥5,004 million / Operating profit ¥202 million / Subject Fiscal year ending July 2027 |
| Plan assumptions | The plan for the fiscal year ending July 2027 assumes contributions from newly consolidated companies, improved profitability in existing businesses and rigorous cost management, The plan assumes improved profitability in existing businesses and expansion of business scale through M&A, while also factoring in integration costs for acquired companies, goodwill amortization, costs to strengthen group management systems and upfront investment in new businesses, The plan assumes securing procurement and sales channels and the necessary funding for the GPU-related business, as well as executing M&A in line with the plan, Actual results may differ from the targets depending on order and delivery timing for the GPU-related business, procurement prices, financing and the timing of M&A completion |
| Key initiatives | Growth and improved profitability in the 4 core business segments, MARKETING M&A, AI- and digital-related businesses, Expansion into the GPU and data center sectors, Creating corporate value with external partners |
| Results under the previous plan | Revenue of ¥1,880 million / operating profit of ¥14 million (initial forecast for the fiscal year ending July 2026) → Revenue of ¥1,661 million / operating loss of ¥543 million (actual results for the fiscal year ending July 2026)（Revenue down approximately 11.6% / operating profit changed from ¥14 million to an operating loss of ¥543 million） |
| Reason for revision or withdrawal | In addition to some existing businesses falling below plan, M&A-related expenses, allowance for doubtful accounts, inventory valuation losses and head office expenses affected earnings, and the planned return to profitability was not achieved, The recovery in transactions with existing customers and new orders fell below plan, while a decline in advertising budgets among major customers also affected the advertising agency business, The recovery in advertising efficiency and revenue fell below expectations, and the planned improvement in profitability was not achieved, Expansion into new fields fell below plan, and both revenue and profit fell short of the previous targets, Orders and revenue recognition for development projects fell below plan, while contributions from digital asset recovery support were limited because some projects were not completed by the end of the fiscal year |
| Size of the Target Market | Market Domestic internet advertising expenditure / As of 2025 / Amount ¥4.0459 trillion / Growth Rate +10.8% year on year / Source Dentsu, "Advertising Expenditures in Japan 2025" (March 2026), Market Domestic B2C e-commerce market size / As of 2024 / Amount ¥26.1 trillion / Growth Rate +5.1% year on year / Source Ministry of Economy, Trade and Industry, "Fiscal 2024 E-Commerce Market Survey" (August 2025), Market Global travel eSIM market / As of 2025 / Amount US$1.8 billion / Growth Rate Forecast at US$8.7 billion in 2030 / Source Juniper Research, "Travel eSIM Market 2025-2030" (October 2025), Market Domestic AI market spending / As of 2025 / Amount ¥2.3725 trillion / Growth Rate Forecast at ¥6.8897 trillion in 2029 / Source IDC forecast published in 2026, Market Domestic M2M market / As of Fiscal 2024 / Amount ¥299.0 billion / Growth Rate Not disclosed / Source Yano Research Institute, "Survey of the IoT/M2M Market" (September 2025, based on operator sales) |
| Risks identified | Failure of existing businesses to meet plan, Failure to meet targets for M&A and PMI, Fundraising and Cash Management, Capital and listing maintenance criteria, Dependence on advertising media and business partners, Products, inventory and quality, Technology and investment related to AI, GPUs and other areas, Performance and pricing of digital assets, Regulations and Regulatory Approvals, Information Management and Systems, Human Resources and Management Structure, Overseas business |
| Publication date | October 2026 |
Items this document does not state (10)
Net income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planNon-financial targetsDate 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 aims to achieve profitability in the fiscal year ending July 2027 through contributions from newly consolidated companies, improved profitability in existing businesses and rigorous cost management. In light of the major change in its business portfolio following the previous fiscal year's M&A, it also plans to redefine its core business and pursue growth through M&A, AI and new businesses.
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.