PLANET, INC.
2391・Standard Market・Services
Business
Planet Inc. is an information infrastructure company specializing in the general consumer goods distribution industry, founded in 1985. The company operates two businesses: an EDI (electronic data interchange) service connecting manufacturers, distributors, and retailers, and a database service providing trading partner and product information. Its main customers are manufacturers and wholesalers of daily necessities, cosmetics, pet food and pet supplies, and OTC pharmaceuticals, and it holds trading partner information on approximately 510,000 companies nationwide. It listed in 2004 and is currently listed on the Standard Market of the Tokyo Stock Exchange. The TIS Group, Intec, and Lion are among its other affiliated companies, with True Data Inc. as an equity-method affiliate.
Business Model
The company earns fees from companies participating in its VAN service, which is built on industry-standard formats and codes, based on their usage of core EDI, logistics EDI, sales report services, and other offerings. In the database business, it collects usage fees for its business partner database and product database. EDI business accounts for approximately 92.5% of net sales, with growth in the number of participating companies and connection lines serving as the main driver of revenue growth. System operations are outsourced to INTEC, allowing the company to concentrate its management resources on service planning, sales, and development.
Company Strengths
Since its establishment in 1985, the company has functioned as the EDI standard for the daily necessities and cosmetics industries, establishing industry-wide unified formats and standard codes. Even after surpassing 1,000 EDI user companies in 2005, the number of user companies and connections has continued to expand. Due to network effects, the value increases as more companies participate, functioning as an irreplaceable industry infrastructure.
Operating margin from FY2021 to FY2025 was 23.0% in FY2021, 22.5% in FY2022, 20.0% in FY2023, 20.2% in FY2024, and 17.8% in FY2025. While showing a declining trend in the most recent period, it has continuously maintained a high level. Even in the interim period of FY2025, the company secured an operating margin of 20.1%, demonstrating the stability of its recurring revenue structure.
The company obtained ISMS conformity assessment certification in 2004 and ISO27001 international standard certification in 2007. As an infrastructure company handling highly confidential transaction data in the distribution industry, it has institutionally established an information security management system, which serves as a foundation of trust from client companies.
ENVALITH's Perspective
Performance Trend
Revenue remained flat, moving from ¥3,067 million in FY2021 to ¥3,162 million in FY2025. Operating profit peaked at ¥705 million in FY2021 and FY2022, then continued to decline, worsening at an accelerated pace to ¥564 million in FY2025, down 12.2% year on year. For the cumulative first three quarters of FY2026 (ending July 2026) (August 2025 to April 2026), revenue was ¥2,349 million (down 0.3% year on year) and operating profit was ¥422 million (down 1.5% year on year), indicating that the core business continues to shrink. As an external factor, manufacturers' consolidation of items and shift to larger container sizes, driven by rising logistics costs, has led to a slight decrease in the volume of core EDI data. On the other hand, against a backdrop of rising market interest rates, interest income received has expanded, and ordinary profit and net income increased slightly year on year. The full-year forecast remains unchanged at revenue of ¥3,200 million (up 1.2% year on year) and operating profit of ¥575 million (up 1.9% year on year).
Growth Strategy
Deepening distribution DX through EDI horizontal expansion, Logistics EDI adoption, and PRS transition, alongside restructuring of the earnings base
The company aims to increase the number of user companies by expanding sales of Core EDI services into adjacent industries such as health foods and horticulture. Growth in Sales Report Service revenue is partly offsetting the slight decline in Core EDI data volume, and efforts to expand usage will continue.
Utilization of ASN data (advance shipping notice data) is steadily expanding, centered on major companies in the daily necessities and cosmetics industries, with both the number of user companies and the number of connections increasing. The company will continue to promote expansion in this area as a growth field toward realizing a sustainable logistics environment.
The returns adjustment operation efficiency service launched in September 2025 has begun operation between early-adopting companies and their trading partner manufacturers. Sales activities aimed at further expanding adoption are continuing.
PRS, jointly established with ARATA CORPORATION and PALTAC CORPORATION, will begin service in April 2026. The existing Product Database will be discontinued at the end of March 2026, transitioning to a new structure providing systems for and collecting usage fees from PRS. The company will promote optimization of management resources through this transformation of its business portfolio.
To rapidly create new services following Logistics EDI and the Returns Workflow, the company will further strengthen its development capabilities. Support for electronic order processing for small and medium-sized manufacturers through MITEOS will also continue.
Last updated: July 17, 2026