Next Growth Investments Guided by Increases in EBITDA and Improvements in ROE
First written in FY2018. 2 of 9 entries say "Softened", first in FY2022. Latest entry: 2026-09-18.
NJ Holdings moved to the "Worse" side of this theme in 2022, 3 years before the typical company in this theme (2025).
The whole theme swung hardest in 2024: 4 of 29 companies on the "Worse" side.
3 other companies' latest entry also says "Softened".
- 2026-09-18SoftenedManagement Plan
「Game business Segment profit ¥500 million (Before revision: ¥600 million)」
The target for game business segment profit for the fiscal year ending June 2027 was lowered from ¥600 million to ¥500 million. The consolidated operating profit target remained unchanged at ¥400 million. - FY2026Lower Games target and higher Mobile targetAnnual report
「With respect to the medium-term management plan announced on 18 September 2024, covering the fiscal years ending June 2025 through June 2027, the Company revised its segment profit targets on 18 September 2026. The final-year management targets are consolidated operating profit of ¥400 million, Games segment profit of ¥500 million, and Mobile segment profit of ¥150 million.」
For the final-year targets under the medium-term plan, the consolidated operating profit target of ¥400 million was maintained, while the Games segment profit target was lowered from ¥600 million to ¥500 million and the Mobile segment profit target was raised from ¥100 million to ¥150 million. - 2026-05-08RestatedEarnings
「There has been no change to the full-year earnings outlook for the consolidated fiscal year ending June 2026 announced on 8 August 2025.」
The full-year forecast for the fiscal year ending June 2026 was maintained at revenue of ¥9,910 million, operating profit of ¥150 million, ordinary profit of ¥130 million, and net income attributable to owners of the parent of ¥110 million. - FY2025AdvancedAnnual report
「The fiscal year ending June 2025 was the first year of the plan period. Against a target of consolidated operating profit of ¥100 million as the planned progression toward the final-year target above, the Company recorded ¥51 million. In the mobile business, however, the Company expanded its store-operations business, including through new store openings, achieved the first-year target of ¥100 million in segment profit, and secured segment profit of ¥236 million in the game business despite declining revenue amid a continuing difficult business environment.」
The Company disclosed the first-year results of the medium-term plan covering the fiscal years ending June 2025 through June 2027. Consolidated operating profit was ¥51 million against a plan of ¥100 million, while the mobile business achieved its first-year segment-profit target of ¥100 million and the game business secured ¥236 million. - FY2024ReframedAnnual report
「From the fiscal year ending June 2025 onward, we will pursue the initiatives set out in the new medium-term management plan announced on 18 September 2024, covering the fiscal years ending June 2025 through June 2027, with the management policies of maximizing human capital, strengthening value-creation-oriented proposal capabilities and creating new businesses. The target management metrics are consolidated operating profit of ¥400 million, segment profit of ¥600 million for the game business and segment profit of ¥100 million for the mobile business.」
After completing the final year of the medium-term management plan announced in August 2021, the Company transitioned from the previous plan centered on EBITDA and ROE to a new plan covering the fiscal years ending June 2025 through June 2027. The new plan focuses on human capital, proposal capabilities and new businesses, with targets of operating profit of ¥400 million, game-business profit of ¥600 million and mobile-business profit of ¥100 million. - FY2022SoftenedAnnual report
「Our top priority is first to return to profitability. As we restore shareholders' equity, we will pursue an ROE target of 10% as the profitability target to be achieved alongside the recovery in shareholders' equity. EBITDA is affected by changes such as amortization of goodwill, but M&A is an important strategic tool in our business portfolio strategy, and we will continue to target increased EBITDA as a metric for future earnings growth.」
The targets of consolidated EBITDA of ¥1 billion, ROE of 10%, game-business EBITDA of ¥1 billion and mobile-business EBITDA of ¥200 million were maintained, but the priority shifted first to returning to profitability and restoring shareholders' equity, with ROE positioned as contingent on the recovery of shareholders' equity. - FY2021Failure to meet the previous plan and transition to a new medium-term planAnnual report
「In response to these changes in the business environment, from the next fiscal year onward we will pursue the objectives set out in the new medium-term management plan announced on 20 August 2021, covering the fiscal years ending June 2022 through June 2024, with a focus on improving the profitability of the game business and achieving stable growth in the mobile business. The target metrics are consolidated EBITDA of ¥1 billion and ROE of 10% or more, EBITDA of ¥1 billion for the game business, and EBITDA of ¥200 million for the mobile business.」
The medium-term management plan announced in May 2018 ended its final year with game revenue of ¥9.3 billion against a target of ¥10 billion, a game profit margin of 5.5% against a target of 15%, and mobile-business profit of ¥50 million against a target of ¥200 million. The Company then transitioned to a new plan covering the fiscal years ending June 2022 through June 2024, setting numerical targets including consolidated EBITDA of ¥1 billion and ROE of 10% or more. - FY2020Adjustment of the target period following the change in the fiscal year-endAnnual report
「Although the change in the fiscal year-end during the current fiscal year shifted the third year of the medium-term management plan, which covers the period from April 2018 to March 2021, to June 2021, ... we will continue to maintain the plan for the fiscal year ending June 2021.」
The metrics of increased EBITDA and improved ROE were retained, while the change in the fiscal year-end shifted the end of the medium-term management plan from March 2021 to June 2021. - FY2018First statedAnnual report
「We will use increased EBITDA (*) as a metric for evaluating future earnings growth from a long-term perspective. At the same time, we will continue to use improved return on equity (ROE) as a metric, in order to take appropriate risks and pursue returns on the investments described above, and will implement various initiatives.」
For the next stage of growth, the Company planned to invest in human resources, software and equipment, and M&A, while setting increased EBITDA and improved ROE as management metrics in light of medium-term downward pressure on profit.