Worth reading
57In 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
¥100 million (2028 operating profit target)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet Sales+22.6%
基準 4,364Target5,350million
Operating profit margin+17.5pt
基準 3Target20.5%
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 profitNot disclosed → 20 (2028)
Net income for the current fiscal year531 (FY25 actual) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planRevenue 4,670 / operating profit 800 / net income 530 → Revenue 4,364 / operating profit 760 / net income 531（Revenue 93.5% / operating profit 95.0% / net income 100.3%）-6.6%Calculated from the two disclosed figures
Key initiatives
01① Maximize the number of subleased units
02② Raise average prices: add products and options
03② Raise average prices: improve commission rates
04③ Operations DX
05Promote operations DX
06Optimize selling, general and administrative expenses
07Services for moving companies
Plan assumptionsApproximately 93% of the revenue growth plan for fiscal 2026 is based on projects already under contract as of 2025, Raise the average price per user by ¥500 year on year, More than 55% of annual revenue is concentrated in the first and second quarters, The company assumes that growing demand for foreign workers, driven by the decline in Japan's working-age population, will provide a tailwind, The inbound business, providing employment support for foreign nationals, will begin full-scale operations in 2026
Non-financial targetsIndicator Combined uptake rate for men's childcare leave and special childcare leave / Target value 50% or higher / Timing By 31 March 2027, Indicator Percentage of management positions held by women / Target value 40% / Timing By 31 March 2027
Size of the Target MarketGeneral market: approximately 18 million units, Employee relocation market: approximately 1.09 million units, Number of movers: 5.2 million cases per year (Source: Statistics Bureau of Japan, Report on Internal Migration in Japan Derived from the Basic Resident Registration, 2024), Number of relocated employees: 670,000 per year (Source: Recruit Works Institute, Japan Panel Study of Employment Dynamics (JPSED), 2020)
Risks identified by the company
Trends in the moving industry
Intensifying competition
Economic conditions and personnel transfer trends at corporations and other organizations
The possibility that technological innovation will lead to the spread of new services and a decline in demand for existing services
Initiatives in New Businesses
Personal Information Leaks
System Failures
Natural disasters and infectious diseases
| Item | Details |
|---|---|
| Plan name | Growth Plan (Operating Profit) |
| Plan period | 2026–2028 |
| Progress against the plan | Annual update |
| Sales Target | 4,364 (FY25 actual) → 5,350 (forecast for the fiscal year ending December 2026)（+22.6% (year on year)） |
| Operating profit target | Not disclosed → 20 (2028) |
| Operating profit margin target | 3.0% → 20.5% |
| Net income target | 531 (FY25 actual) → Not disclosed |
| Non-financial targets | Indicator Combined uptake rate for men's childcare leave and special childcare leave / Target value 50% or higher / Timing By 31 March 2027, Indicator Percentage of management positions held by women / Target value 40% / Timing By 31 March 2027 |
| Plan assumptions | Approximately 93% of the revenue growth plan for fiscal 2026 is based on projects already under contract as of 2025, Raise the average price per user by ¥500 year on year, More than 55% of annual revenue is concentrated in the first and second quarters, The company assumes that growing demand for foreign workers, driven by the decline in Japan's working-age population, will provide a tailwind, The inbound business, providing employment support for foreign nationals, will begin full-scale operations in 2026 |
| Key initiatives | ① Maximize the number of subleased units, ② Raise average prices: add products and options, ② Raise average prices: improve commission rates, ③ Operations DX, Promote operations DX, Optimize selling, general and administrative expenses, Services for moving companies |
| Results under the previous plan | Revenue 4,670 / operating profit 800 / net income 530 → Revenue 4,364 / operating profit 760 / net income 531（Revenue 93.5% / operating profit 95.0% / net income 100.3%） |
| Size of the Target Market | General market: approximately 18 million units, Employee relocation market: approximately 1.09 million units, Number of movers: 5.2 million cases per year (Source: Statistics Bureau of Japan, Report on Internal Migration in Japan Derived from the Basic Resident Registration, 2024), Number of relocated employees: 670,000 per year (Source: Recruit Works Institute, Japan Panel Study of Employment Dynamics (JPSED), 2020) |
| Risks identified | Trends in the moving industry, Intensifying competition, Economic conditions and personnel transfer trends at corporations and other organizations, The possibility that technological innovation will lead to the spread of new services and a decline in demand for existing services, Initiatives in New Businesses, Personal Information Leaks, System Failures, Natural disasters and infectious diseases |
| Publication date | 27 March 2026 |
Items this document does not state (11)
ROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetReason for revision or withdrawalDate 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.Growth drivers include expanding corporate services, adding new services and options, improving commission rates through increased customer referrals, reducing costs through the introduction of AI, and launching new HAKOPLA menus. The company also cites the predictability of the plan, noting that approximately 93% of the FY26 revenue growth plan is based on projects already under contract as of FY25.
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.