Latest update: 2025/5/12

Mid-term Management Plan (Fiscal 2024-2026）

Osaki Group has formulated a Mid-Term Management Plan covering the fiscal years ending March 2025 through March 2027.

Please note that certain financial targets in the original plan were revised and disclosed on May 12, 2025.

Underlying Policy

As its underlying policy, the Mid-Term Management Plan aims for sustainable growth by leveraging Group synergies to the fullest and providing new solutions for societal goals like achieving decarbonization while the smart meter remains at the heart of all business.
For Smart meters & solutions in Japan, the smart meter business remains at the core while the solutions business expands in response to the needs of society, including green transformation solutions and smart locks.
For Smart meters & solutions overseas, transformation into a profit-oriented business continues by promoting sales of meters combined with head-end systems alongside organizational reforms.

The OSAKI Group also plans to build resilient group operations infrastructure to support these strategies, and will aim for appreciation of enterprise value through the creation of recurrent profits. The mid-term financial target, therefore, is operating income of 9 billion yen in Fiscal 2026 (ending March 31, 2027), the final year of the plan.

Key Strategic Pillars

(a) Supplying added value to social infrastructure centered on smart meters (Japan)
In the Japan market, an optimal production system for second-generation smart meters, scheduled for full-scale deployment in Fiscal 2026, will be built out with the aim of securing steady earnings. At the same time, the company will develop markets by creating new value for social infrastructure, introducing DC meters that can expand the use of renewable energy and electric vehicles.
 
(b) Supporting the streamlining of customers’ operations (digital transformation) by harnessing digital technology (Japan)
Smart locks contribute to labor savings in managerial operations of the rental properties market. The introduction of new products and stronger collaboration with partners will lead to expanded adoption in the rental properties market, other housing markets, corporate offices, etc. In addition, acquiring new installations and capturing replacement demand from existing customers are targeted for automated meter reading systems that reduce the burden of facility management operations.

 

(c) Providing comprehensive Green Transformation Solutions to achieve decarbonization (Japan)
Capitalizing on the growing urgency of decarbonization, energy management services will develop new customers across other industries as well as in the distribution and retail industries, where our current customers are engaged in physical multi-outlet operations. In addition, the company will increase profitability with further offers to current customers of high value-added green transformation solutions alongside the structuring of business platforms for new green transformation solutions that have potential to become future growth pillars.

 

(d) Transformation into profit-oriented business (Overseas)
The following initiatives will roll out in Oceania, Europe centered on UK, Asia, Middle East and Africa to further the transformation into a profit-oriented business.

  • Provision of high value-added solutions tailored to market characteristics
  • Reinforcing the commercial and industrial meter business
  • Exit from low-profit markets
  • Organizational reforms

 

(e) Building resilient Group Operations platform
The Group will implement the following initiatives to build a resilient group operations platform.

  • Build strong teams by developing and deploying talent
  • Strengthen group-wide risk management
  • Improve capital efficiency and optimize cash allocation
  • Promote sustainability initiatives

Financial Targets

(1) Consolidated Financial Targets

（Millions of yen)

FY2023 FY2024 FY2025 FY2026
Actual Forecast Actual Initial
Forecast		 Revised
Forecast		 Forecast
Net Sales 95,147 90,000 97,102 95,000 98,000 100,000
Operating Profit 5,874 4,700 5,701 5,500 5,800 9,000
Profit attributable
to owners of parent		 2,407 2,000 3,504 3,500 3,600 5,500
ROE(%) 5.0 4.0 6.9 6.5 7.0 10.0

 

(2) Financial Targets by Business Segments 

（Millions of yen)

FY2023 FY2024 FY2025 FY2026
Actual Forecast Actual Initial
Forecast		 Revised
Forecast		 Initial
Forecast		 Revised
Forecast
Net
Sales		 Smart meters &
solutions in Japan		 55,244 53,500 56,061 56,000 57,700 59,500 63,700
Smart meters &
solutions overseas		 39,436 36,000 40,584 38,500 40,000 40,000 36,000
Real estate 466 500 456 500 300 500 300
Operating
Profit		 Smart meters &
solutions in Japan		 4,451 2,600 3,965 2,600 3,500 5,400 5,600
Smart meters &
solutions overseas		 1,155 1,800 1,477 2,600 2,200 3,300 3,300
Real estate 277 300 270 300 100 300 100

*Sales to external customers

* Please note that the above plans have been prepared based on information available as of the date of this announcement, and actual results may differ due to various factors.