Worth reading
59In 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
12
Year-on-year revenue growth (%)Wording
Definitive
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending March 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥16,282 million+12.0%
Operating profit¥1,813 million+20.9%
Ordinary income¥1,843 million+16.0%
Net income¥1,100 million +8.2%net income attributable to owners of the parent
Gross Profit Margin48.9% (fiscal year ended March 2026), up 3.4 percentage points year on year+3.4%
Operating profit margin11.1% (fiscal year ended March 2026), up 0.8 percentage points year on year+0.8%
Selling, general and administrative expenses¥10,315 million human capital investment: 7,613; digital and DX investment: 425; branding and marketing investment: 475; other general and administrative expenses: 1,802
Full-year earnings forecast
Net Sales
¥17,200 million
Gross profit
¥8,480 million
Operating profit
¥1,900 million
Ordinary income
¥1,900 million
Profit attributable to owners of the parent
¥1,155 million
EPS
¥35.97
Annual Dividend
¥29
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue and profits exceeded the initial planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in sales¥1,738 million
Decrease in cost of sales¥216 million
Increase in human capital investment¥-1,287 million
Increase in digital and DX investment¥-91 million
Increase in branding and marketing investment¥-127 million
Increase in other general and administrative expenses¥-136 million
Increase in operating profit¥313 million
New initiatives
- Introduce a shareholder benefit program and provide digital gifts
- From the fiscal year ending March 2027, reclassify certain businesses from Digital and DX to Brand and PR and Finance and M&A, and change the organizational structure accordingly
- Continue strategic investment in human capital, digital and DX, and branding and marketing
Key KPIsA metric the company considers important as a management benchmark.
- Team consulting revenue¥10,755 millionYear on year against the same period last yearRecord high, above the previous fiscal year
- Number of team consulting engagements2,311 EngagementsYear on year against the same period last yearRecord high, above the previous fiscal year
- Number of team consulting clients1,367 Companies period averageYear on year against the same period last yearRecord high, above the previous fiscal year
- Base revenue¥11,098 millionYear on year against the same period last yearRecord high, above the previous fiscal year
Segment results
Strategy and Domain
Net Sales
¥3,151 million
Year on year against the same period last year+10.7%
Digital and DX
Net Sales
¥3,582 million
Year on year against the same period last year+10.1%
HR
Net Sales
¥3,384 million
Year on year against the same period last year+29.7%
Finance and M&A
Net Sales
¥2,447 million
Year on year against the same period last year+12.6%
Branding and PR
Net Sales
¥3,019 million
Year on year against the same period last year+2.7%
Other
Net Sales
¥698 million
Year on year against the same period last year-3.2%
Medium-term management plan targets
Plan nameTCG Future Vision 2030（2021～2025）
Target value800 employees
Actual resultsTarget achieved with 843 employees in the fiscal year ended March 2026
Financial targets
Equity ratio
Actual results69.6 %
Market Size / Share
Revenue mix from large to mid-sized companies, primarily mid-sized companiesApproximately 62%
Number of listed companies supportedMore than 1,350 companies
Number of employees
843 People
Hiring planContinue to actively recruit specialized personnel across each management consulting area
Annual Dividend
Fiscal year ending March 2026
Annual¥27
Interim¥12
End of period¥15
Forecast for the fiscal year ending March 2027
Annual¥29
Interim¥13
End of period¥16
Payout ratio
Fiscal year ending March 202679.6 %
Forecast for the fiscal year ending March 202780.3 %
Total payout ratio177.1% for the fiscal year ended March 2026
DOE8.3% for the fiscal year ended March 2026; projected at 8.9% for the fiscal year ending March 2027
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥16,282 million (YoY +12.0%) |
| Operating profit | ¥1,813 million (YoY +20.9%) |
| Ordinary income | ¥1,843 million (YoY +16.0%) |
| Net income | ¥1,100 million (net income attributable to owners of the parent) (YoY +8.2%) |
| Gross Profit Margin | 48.9% (fiscal year ended March 2026), up 3.4 percentage points year on year (YoY +3.4%) |
| Operating profit margin | 11.1% (fiscal year ended March 2026), up 0.8 percentage points year on year (YoY +0.8%) |
| Selling, general and administrative expenses | ¥10,315 million (human capital investment: 7,613; digital and DX investment: 425; branding and marketing investment: 475; other general and administrative expenses: 1,802) |
| Full-year earnings forecast | Net Sales ¥17,200 million / Gross profit ¥8,480 million / Operating profit ¥1,900 million / Ordinary income ¥1,900 million / Profit attributable to owners of the parent ¥1,155 million / EPS ¥35.97 / Annual Dividend ¥29 |
| Self-assessment against the plan | Revenue and profits exceeded the initial plan |
| Segment results | Strategy and Domain Net Sales ¥3,151 million / Year on year against the same period last year 10.7 / Digital and DX Net Sales ¥3,582 million / Year on year against the same period last year 10.1 / HR Net Sales ¥3,384 million / Year on year against the same period last year 29.7 / Finance and M&A Net Sales ¥2,447 million / Year on year against the same period last year 12.6 / Branding and PR Net Sales ¥3,019 million / Year on year against the same period last year 2.7 / Other Net Sales ¥698 million / Year on year against the same period last year -3.2 |
| Breakdown of Factors Affecting the Change | Increase in sales ¥1,738 million / Decrease in cost of sales ¥216 million / Increase in human capital investment ¥-1,287 million / Increase in digital and DX investment ¥-91 million / Increase in branding and marketing investment ¥-127 million / Increase in other general and administrative expenses ¥-136 million / Increase in operating profit ¥313 million |
| Key KPIs | Team consulting revenue ¥10,755 million, Number of team consulting engagements 2,311 Engagements, Number of team consulting clients 1,367 Companies (period average), Base revenue ¥11,098 million |
| Number of employees | 843 People |
| Medium-term management plan targets | Plan name TCG Future Vision 2030（2021～2025） / Target value 800 employees / Actual results Target achieved with 843 employees in the fiscal year ended March 2026 |
| Financial targets | Equity ratio Actual results 69.6 % / Target Not disclosed |
| Annual Dividend | Fiscal year ending March 2026 Annual ¥27 / Interim ¥12 / End of period ¥15 / Forecast for the fiscal year ending March 2027 Annual ¥29 / Interim ¥13 / End of period ¥16 |
| Payout ratio | Fiscal year ending March 2026 79.6 % / Forecast for the fiscal year ending March 2027 80.3 % / Total payout ratio 177.1% for the fiscal year ended March 2026 / DOE 8.3% for the fiscal year ended March 2026; projected at 8.9% for the fiscal year ending March 2027 |
| Market Size / Share | Revenue mix from large to mid-sized companies, primarily mid-sized companies Approximately 62% / Number of listed companies supported More than 1,350 companies |
| New initiatives | Introduce a shareholder benefit program and provide digital gifts, From the fiscal year ending March 2027, reclassify certain businesses from Digital and DX to Brand and PR and Finance and M&A, and change the organizational structure accordingly, Continue strategic investment in human capital, digital and DX, and branding and marketing |
Items this document does not state (10)
Results for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
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.Demand for consulting services supporting growth remained strong, and projects involving long-term visions and medium-term management plans, business model transformation, new business development, DX, human resources and human capital, and M&A performed well. Services provided by Surpass, which was added in the previous fiscal year, and ピースマインド, which was added during the current fiscal year, also contributed to revenue growth.
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