The Group has established the new medium-term financial policy for the period from the fiscal year ending May 31, 2027 to the fiscal year ending May 31, 2029, aiming to achieve growth in net sales and adjusted operating profit. 
For net sales, which is the most important management indicator, the Group has set a policy of 16% to 20% for the compound annual growth rate (CAGR) over the three fiscal years. In addition, regarding adjusted operating profit, the Group aims to continue growth while investing in revenue growth for each business, and have set a policy of 25% to 30% for the profit margin in the fiscal year ending May 31, 2029.

Consolidated earnings forecasts for the fiscal year ending May 31, 2027 are as follows.
 

（million yen）
Results for FY2025 YoY change Forecasts for FY2026 YoY change
Net sales 53,761 +24.4% 63,706
～65,319		 +18.5%
～+21.5%
Sansan/Bill One Business 46,847 +24.0% 54,811
～56,217		 +17.0%
～+20.0%
Sansan 31,089 +16.2% 34,198
～34,820		 +10.0%
～+12.0%
Bill One 13,679 +39.7% 17,510
～18,057		 +28.0%
～+32.0%
Eight Business 6,720 +33.0% 8,266
～8,534		 +23.0%
～+27.0%
Adjusted operating profit 8,427 +137.0% 12,741
～14,696		 +51.2%
～+74.4%
Adjusted operating profit margin 15.7% +7.5pt 20.0%
～22.5%		 +4.3pt
～+6.8pt

Net sales are expected to increase 18.5% to 21.5% year on year, reflecting the anticipated solid growth of Sansan and continued high growth of Bill One. Net sales of Sansan are projected to grow by 10.0% to 12.0% year on year, supported by efforts such as expanding AI-driven features. Net sales of Bill One are expected to increase by 28.0% to 32.0% year on year due to strengthening the sales structure and expanding AI-driven features. As a result, net sales in the Sansan/Bill One Business are forecast to increase by 17.0% to 20.0% year on year. Net sales in the Eight Business are expected to increase 23.0% to 27.0% year on year with event services and the recruitment service serving as growth drivers.

Among selling, general and administrative expenses, personnel expenses are expected to increase by approximately 12% year on year, while advertising expenses are expected to increase by approximately 8% year on year. As a result, adjusted operating profit is forecast to increase by 51.2% to 74.4% year on year. Since our net sales are primarily composed of recurring sales, which accumulate gradually and increase in scale over the course of each quarter, the recording of adjusted operating profit is expected to be weighted toward the second half of the fiscal year. 

For the fiscal year ending May 31, 2027, we expect the operating profit to increase by 52.9% to 76.7% year on year, ordinary profit to increase by 54.1% to 78.0% year on year, profit to increase by 23.6% to 50.8% year on year, and EPS to increase by 23.9% to 51.2% year on year.