TOKYO, May 14 (Pulse News Wire) – Change Holdings,inc. (3962.T) adjusted its mid-term business plan due to missing revenue targets.
The revised plan shifts the goal of achieving operating profit of 180 billion yen from fiscal year 2028 to fiscal year 2030. Key changes include reallocating capital towards organic growth rather than mergers and acquisitions (M&A). The M&A budget was reduced from 300 billion yen to ¥13.00 billion. Additionally, the company set aside approximately ¥7.500 billion for dividends based on a debt-to-equity ratio of DOE3.6%, and established a share repurchase program with a cap of ¥5 billion.
For fiscal year 2027, the company aims to achieve operating profits ranging from ¥115 billion to ¥12.50 billion, representing a year-over-year increase of 6.5% to 15.7% percent. The competitive environment post-October 2025 is expected to positively impact the company's Fureai Choicesservice, although end-of-year donation concentration remains a concern. In light of recent developments, CHANGE Holdings resolved to repurchase up to a maximum of ¥2 billion worth of shares. The company also plans to prioritize debt repayment and shareholder returns over M&A activities, reflecting a strategic shift aimed at improving financial health and enhancing shareholder value.
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