Worth reading
57In focus
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
236
¥ million (fiscal year ending February 2027 revenue compared with actual revenue for the fiscal year ended February 2026)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+7.5%
基準 3,127Target3,363million
Operating profit+103.1%
基準 -423Target13million
Net income for the current fiscal year+76.5%
基準 -260Target-61million
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 planNet Sales 3,481 / Operating profit -64 / Ordinary income -54 / Net income for the current fiscal year -134 → Net Sales 3,127 / Operating profit -423 / Ordinary income -74 / Net income for the current fiscal year -260（Net Sales △10.2% / Operating profit Not disclosed / Ordinary income Not disclosed / Net income for the current fiscal year Not disclosed）
Key initiatives
01Sustained growth in the Marketing DX Business
02Increase LTV by supporting legacy industries
03Strengthen customer acquisition channels
04Improve the quality of support provided to each customer
05Strengthen the 解体の窓口 business
06Develop real estate-related services for consumers (plans include real estate brokerage, purchases and sales, insurance, and loans)
07Develop other platforms that consolidate land information
08Explore themes following real estate DX
09Launch new businesses in line with the business-building cycle
Plan assumptionsInternet advertising media spending ¥3.3093 trillion in 2025, forecast at ¥3.5840 trillion in 2026, 108.3% year on year / Residential demolition market CAGR of 7.57% for the overall market, CAGR of 0.79% for the visible market / Non-residential demolition market CAGR of 3.10% for the overall market, CAGR of 3.90% for the retail and office market
Segment targetSegment Marketing DX Business / Net Sales ¥2,619 million / Gross profit ¥677 million / Subject Fiscal year ending February 2027, Segment Real Estate DX Business / Net Sales ¥744 million / Profit Not disclosed / Subject Fiscal year ending February 2027
Non-financial targetsIndicator Number of customers / Target value 1,890 companies / Timing Fiscal year ending February 2027, Indicator Existing customer retention rate (prior month to current month) / Target value 97.0% / Timing Fiscal year ending February 2027
Size of the Target MarketMarket Internet advertising media spending / Scale ¥3.3093 trillion in 2025 / Growth rate ¥3.5840 trillion forecast for 2026, 108.3% year on year / Source Dentsu, Advertising Expenditures in Japan in 2025, Market Residential demolition market / Scale ¥9.2713 trillion (visible market: ¥894.7 billion; latent market: ¥8.3765 trillion) / Growth rate CAGR of 7.57% for the overall market, CAGR of 0.79% for the visible market / Source Our estimate based on the Statistics Bureau of Japan's Housing and Land Survey 2023 and the Ministry of Land, Infrastructure, Transport and Tourism's Building Starts Statistics Survey (2023), Market Non-residential demolition market / Scale ¥868.5 billion / Growth rate CAGR of 3.10% for the overall market, CAGR of 3.90% for the retail and office market / Source Our estimate based on the Ministry of Land, Infrastructure, Transport and Tourism's Building Stock Statistics for 2018 and Building Starts Statistics Survey (2023)
Reason for revision or withdrawal
It was confirmed that fictitious circular transactions had existed in certain transactions involving major business partners, requiring corrections to revenue and a review of accounting treatment, including for prior fiscal years. The cancellation of related revenue, the cancellation of the entire ¥215 million in revenue related to receivables from ジー・プラン, and the recognition of a ¥180 million impairment loss on goodwill resulted in a difference between the full-year earnings forecast and actual results.
| Item | Details |
|---|---|
| Plan name | Presentation on Business Plans and Growth Potential |
| Plan period | Fiscal year ending February 2027 |
| Progress against the plan | Annual update |
| Sales Target | ¥3,127 million → ¥3,363 million（108% year on year） |
| Operating profit target | ¥-423 million → ¥13 million（-3% year on year） |
| Net income target | ¥-260 million → ¥-61 million（24% year on year） |
| Segment target | Segment Marketing DX Business / Net Sales ¥2,619 million / Gross profit ¥677 million / Subject Fiscal year ending February 2027, Segment Real Estate DX Business / Net Sales ¥744 million / Profit Not disclosed / Subject Fiscal year ending February 2027 |
| Non-financial targets | Indicator Number of customers / Target value 1,890 companies / Timing Fiscal year ending February 2027, Indicator Existing customer retention rate (prior month to current month) / Target value 97.0% / Timing Fiscal year ending February 2027 |
| Plan assumptions | Internet advertising media spending ¥3.3093 trillion in 2025, forecast at ¥3.5840 trillion in 2026, 108.3% year on year / Residential demolition market CAGR of 7.57% for the overall market, CAGR of 0.79% for the visible market / Non-residential demolition market CAGR of 3.10% for the overall market, CAGR of 3.90% for the retail and office market |
| Key initiatives | Sustained growth in the Marketing DX Business, Increase LTV by supporting legacy industries, Strengthen customer acquisition channels, Improve the quality of support provided to each customer, Strengthen the 解体の窓口 business, Develop real estate-related services for consumers (plans include real estate brokerage, purchases and sales, insurance, and loans), Develop other platforms that consolidate land information, Explore themes following real estate DX, Launch new businesses in line with the business-building cycle |
| Results under the previous plan | Net Sales 3,481 / Operating profit -64 / Ordinary income -54 / Net income for the current fiscal year -134 → Net Sales 3,127 / Operating profit -423 / Ordinary income -74 / Net income for the current fiscal year -260（Net Sales △10.2% / Operating profit Not disclosed / Ordinary income Not disclosed / Net income for the current fiscal year Not disclosed） |
| Reason for revision or withdrawal | It was confirmed that fictitious circular transactions had existed in certain transactions involving major business partners, requiring corrections to revenue and a review of accounting treatment, including for prior fiscal years. The cancellation of related revenue, the cancellation of the entire ¥215 million in revenue related to receivables from ジー・プラン, and the recognition of a ¥180 million impairment loss on goodwill resulted in a difference between the full-year earnings forecast and actual results. |
| Size of the Target Market | Market Internet advertising media spending / Scale ¥3.3093 trillion in 2025 / Growth rate ¥3.5840 trillion forecast for 2026, 108.3% year on year / Source Dentsu, Advertising Expenditures in Japan in 2025, Market Residential demolition market / Scale ¥9.2713 trillion (visible market: ¥894.7 billion; latent market: ¥8.3765 trillion) / Growth rate CAGR of 7.57% for the overall market, CAGR of 0.79% for the visible market / Source Our estimate based on the Statistics Bureau of Japan's Housing and Land Survey 2023 and the Ministry of Land, Infrastructure, Transport and Tourism's Building Starts Statistics Survey (2023), Market Non-residential demolition market / Scale ¥868.5 billion / Growth rate CAGR of 3.10% for the overall market, CAGR of 3.90% for the retail and office market / Source Our estimate based on the Ministry of Land, Infrastructure, Transport and Tourism's Building Stock Statistics for 2018 and Building Starts Statistics Survey (2023) |
Items this document does not state (12)
Operating profit margin targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorRisks identifiedDate 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.Fictitious circular transactions were identified in certain transactions involving major business partners, requiring revenue corrections and a review of accounting treatment, including for prior fiscal years. The cancellation of related revenue, the cancellation of ¥215 million in revenue related to receivables from ジー・プラン, and the recognition of a ¥180 million impairment loss on goodwill resulted in a difference between the full-year earnings forecast and actual results.
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.