Growth Strategy
Medium-Term Management Plan（FY2027 - FY2029）
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Management Policies to Achieve the Medium-Term Management Plan
Policy1 |
Development of reuse business
Open 30 to 40 new stores per year on a consolidated basis to expand the Group’s reuse network. These stores will serve as purchase and sales locations for physical stores and as sales locations for online stores. |
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| Policy2 | Investment in new businesses
In addition to investing in our core reuse business, invest continuously in peripheral reuse businesses that are synergistic and complementary to reuse business, and in other businesses that are in line with our management philosophy to expand our growth platform. |
| Policy3 | Growth in overseas markets
Continue to build the business structure and improve earnings while opening new stores based on the conditions of each region. |
| Policy4 | Growth through M&A
Conduct aggressive M&A of reuse companies that can complement our business and other companies that can enhance synergy within the Group to accelerate growth. |
| Policy5 | Growth through investments in digital transformation
Leverage the development capabilities of our internal system division and the Group’s system development company to streamline operations and make innovations using IT and AI, and create new business opportunities to increase the Group’s revenue. |
Medium-Term Management Plan（FY2027 - FY2029）
We have revised its plans for FY2027 and FY2028 upwards, and has created a new plan for FY2029.
For the fiscal year ending February 2029, we forecast net sales of 71.0 billion yen and operating profit of 6.3 billion yen.
| FY2026 | FY2027 | FY2028 | FY2029 | CAGR (annual growth rate) | |
|---|---|---|---|---|---|
| Stores to be opened per year | 32stores | 30-35stores | 35-40stores | 35-40stores | — |
| Net sales | ¥48.5billion | ¥54.3billion | ¥62.0billion | ¥71.0billion | 13.55% |
| Operating profit | ¥4.77billion | ¥5.06billion | ¥5.68billion | ¥6.38billion | 10.18% |
| Operating profit ratio | 9.8% | 9.3% | 9.2% | 9.0% | — |
| Profit attributable to owners of the parent | ¥3.17billion | ¥3.39billion | ¥3.83billion | ¥4.29billion | 10.61% |
| Earnings per share | 135.2yen | 144.8yen | 163.4yen | 183.2yen | 10.66% |
| Dividend per share | 40.0yen | 44.0yen | 49.0yen | 55.0yen | — |
| Dividend payout ratio | 29.6% | 30.4% | 30.0% | 30.0% | — |
Assumptions and notes on the Plan
- As there are many uncertain elements, increase in profit and expenses for M&A, including intermediary fees, are not included in the Plan.
- The Plan may be impacted in the event the Company fails to secure the number of new store properties as originally assumed.
- The Plan may be significantly impacted in the event of unexpected situations, such as the spread of COVID-19.
- The Medium-Term Management Plan may be revised as necessary.