Vis <5071> operates under the purpose of "Making working people happy." It deduces the optimal workplace that enhances human capital value and designs an environment that further improves corporate value through services related to "Work Design" (the design of working environments and working styles), supporting corporate value enhancement. The service area is expanding from office design to "Work Design."
In response to customer needs for office relocation and renovation, the company provides branding services focusing on office space design, in addition to offering the workplace construction DX tool "Work Design Platform" and flexible office "The Place," thus providing optimal solutions for customers whose management challenges involve new working styles and working to enhance corporate value. This extends across a wide range from small and medium-sized enterprises, including startups, to large listed companies, primarily in the IT sector. The number of office design projects, unit price, and order rate are set as KPIs, particularly focusing on increasing unit price and order rate.
Against the backdrop of the increasing importance of workplace as human capital management, performance has been steadily improving. The second quarter financial results for the fiscal year ending March 2025 show cumulative revenue of 7,972 million yen, an increase of 24.6% compared to the previous year, and operating profit of 976 million yen, an increase of 85.3%. The prior financial estimates were revenue of 6,846 million yen and operating profit of 558 million yen, significantly exceeding estimates. Recently, due to the return of companies to in-office work, there has been active investment in workplaces for reassessing working styles and improving employee satisfaction and comfort, leading to an increase in project unit prices. The upper half of the year saw the acquisition of 20 large projects worth over 100 million yen, leading to a record-high order volume of 8,780 million yen, with the completion of these large-scale projects concentrated in the first half. The maintenance of high project unit prices and the increase in directed request projects have contributed to this.
The company has disclosed its medium-term management plan, aiming for revenue of 25,000 million yen and operating profit of 2,500 million yen by the fiscal year 2031. After the COVID-19 pandemic, there has been an increase in companies placing importance on office design as a comfortable working environment, leading to continued demand for workplace construction beyond 2024. In particular, the company maintains a high repeat rate primarily among high-growth companies and is also expanding its customer base among large companies, which could lead to further increases in project unit prices. Among the 301 new IPO companies from 2021 to 2023, the company has 74 clients, accounting for about 25%. Shareholder returns have increased the dividend policy from 20% to 30% starting from the fiscal year ending March 2024, and the dividend yield is also relatively high at around 3%.