Worth reading
84Important
Scored from 4 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
19.2
% (year-on-year change based on 12-month annualized revenue)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet SalesNot disclosed → 5,000〜
Operating profit marginNot disclosed → 10% or higher
Only the target level is shown because the current level for comparison was not provided.What happened to the previous planTarget number of cumulative M&A transactions for the fiscal year ending October 2026: 8 → 9 cumulative transactions from the fiscal year ended March 2015 through the fiscal year ending March 20260.0%Calculated from the two disclosed figures
Key initiatives
01Existing businesses (organic growth)
02New business areas (building the foundation for significant growth)
03Non-continuous growth through accelerated M&A
04Maximize the number and unit prices of operations support engagements
05Expand the scope of support services
06Expand operations support tools
07Expand inbound promotion and overseas marketing support
08Initiatives in the XR and AI fields
09Strengthen the system for identifying and evaluating potential M&A targets
10Strengthening the Financial Base
Plan assumptionsAssume annual revenue growth of 10% for the existing businesses from the fiscal year ending March 2027 onward, Maintain an average annual revenue growth rate of 10% to 15% for the existing businesses
Size of the Target MarketMarket Social media marketing market / Scale ¥1,203.8 billion in 2024 and ¥2,131.3 billion in 2029 / Source Prepared by the Company based on CyberBuzz / Digital InFact research, "Social Media Marketing Market", Market Inbound market from Southeast Asia / Scale ¥934.7 billion in 2024 and ¥1.4 trillion in 2030 / Source Prepared by the Company based on the Japan National Tourism Organization's "Visitor Arrivals to Japan by Nationality/Month, FY2019" and the Japan Tourism Agency's "Survey of Foreign Visitor Consumption Trends, Annual 2019 Results", Market Web3 market / Scale ¥10 billion in 2021 and ¥2.4 trillion in 2027 / Source Estimate of the Web3-related market in 2027 from A.T. Kearney's website, "The Impact of Web3", Market Japan's domestic influencer marketing market / Scale ¥61.5 billion in fiscal 2022 and ¥164.5 billion in fiscal 2029 / Source CyberBuzz / Digital InFact research
Reason for revision or withdrawal
Review of the strategy to capitalize on the areas expanded and strengths developed through M&A. Expansion of the M&A scope with the aim of broadening the portfolio. In connection with the change in the fiscal year-end, the fiscal year ending March 2026 is a five-month accounting period as a transition period. In addition, エルマーケ became a consolidated subsidiary in January 2026 and ライスカレーLS became a consolidated subsidiary in March 2026, making it difficult to reasonably calculate earnings forecasts. It is difficult to reasonably estimate the timing and amount of one-time costs associated with M&A.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan | Five-Year Growth Outlook (fiscal year ending October 2025 to fiscal year ending March 2029) |
| Plan period | Fiscal year ending October 2025 to fiscal year ending March 2029 |
| Progress against the plan | Annual update |
| Sales Target | Not disclosed → 5,000〜 |
| Operating profit margin target | Not disclosed → 10% or higher |
| Plan assumptions | Assume annual revenue growth of 10% for the existing businesses from the fiscal year ending March 2027 onward, Maintain an average annual revenue growth rate of 10% to 15% for the existing businesses |
| Key initiatives | Existing businesses (organic growth), New business areas (building the foundation for significant growth), Non-continuous growth through accelerated M&A, Maximize the number and unit prices of operations support engagements, Expand the scope of support services, Expand operations support tools, Expand inbound promotion and overseas marketing support, Initiatives in the XR and AI fields, Strengthen the system for identifying and evaluating potential M&A targets, Strengthening the Financial Base |
| Results under the previous plan | Target number of cumulative M&A transactions for the fiscal year ending October 2026: 8 → 9 cumulative transactions from the fiscal year ended March 2015 through the fiscal year ending March 2026 |
| Reason for revision or withdrawal | Review of the strategy to capitalize on the areas expanded and strengths developed through M&A. Expansion of the M&A scope with the aim of broadening the portfolio. In connection with the change in the fiscal year-end, the fiscal year ending March 2026 is a five-month accounting period as a transition period. In addition, エルマーケ became a consolidated subsidiary in January 2026 and ライスカレーLS became a consolidated subsidiary in March 2026, making it difficult to reasonably calculate earnings forecasts. It is difficult to reasonably estimate the timing and amount of one-time costs associated with M&A. |
| Size of the Target Market | Market Social media marketing market / Scale ¥1,203.8 billion in 2024 and ¥2,131.3 billion in 2029 / Source Prepared by the Company based on CyberBuzz / Digital InFact research, "Social Media Marketing Market", Market Inbound market from Southeast Asia / Scale ¥934.7 billion in 2024 and ¥1.4 trillion in 2030 / Source Prepared by the Company based on the Japan National Tourism Organization's "Visitor Arrivals to Japan by Nationality/Month, FY2019" and the Japan Tourism Agency's "Survey of Foreign Visitor Consumption Trends, Annual 2019 Results", Market Web3 market / Scale ¥10 billion in 2021 and ¥2.4 trillion in 2027 / Source Estimate of the Web3-related market in 2027 from A.T. Kearney's website, "The Impact of Web3", Market Japan's domestic influencer marketing market / Scale ¥61.5 billion in fiscal 2022 and ¥164.5 billion in fiscal 2029 / Source CyberBuzz / Digital InFact research |
| Publication date | June 2026 |
Items this document does not state (14)
Operating profit targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsRisks identifiedDate 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.This was due to revenue growth in the existing businesses and revenue contributions from companies added to the Group through M&A. The fiscal year ending March 2026 is a five-month accounting period following a change in the fiscal year-end, and the consolidation of エルマーケ and ライスカレーLS as subsidiaries made it difficult to reasonably calculate earnings forecasts. In addition, it is difficult to reasonably estimate the timing and amount of one-time costs associated with M&A.
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