Worth reading
44Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
175
¥ million (shortfall against the market capitalization of tradable shares criterion)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedWhat happened to the previous planNot disclosed → Fiscal years ended April 2025 and April 2026: performance fell short of targets and losses were recorded
Statements about the use of capital
Self-assessment of PBR and share priceThe market capitalization of tradable shares is below the criterion. The Company aims to improve its share price and achieve an appropriate valuation of its share price. The market capitalization of tradable shares is ¥325 million, versus the ¥500 million criterion.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Earnings Recovery
02Restoring trust and strengthening governance
03Redefining core services and expanding the customer base
04Transforming the revenue model
05A scale strategy through alliances
06Strengthening frontline capabilities
07Information Dissemination
Risks identified by the company
If the Company fails to meet the market capitalization of tradable shares criterion during the improvement period ending 30 April 2027, it will be designated as Securities Under Supervision (under confirmation).
If compliance with the market capitalization of tradable shares criterion is not confirmed in the subsequent review, the Company will be designated as a Security to Be Delisted and its shares will be delisted on 1 November 2027.
Reason for revision or withdrawal
The Company recognizes that the primary factors were the significant downward revision of its fiscal year ending April 2026 results, including sales and operating profit, and insufficient information dissemination since listing to ensure that investors fully understood its business and growth potential.
| Item | Details |
|---|---|
| Plan name | Regarding the Plan to Meet the Continued Listing Criteria (Market Capitalization of Tradable Shares) (Entering the Improvement Period) |
| Plan period | Through the end of April 2027 (improvement period) |
| Progress against the plan | Formulated |
| Self-assessment of PBR and share price | The market capitalization of tradable shares is below the criterion. The Company aims to improve its share price and achieve an appropriate valuation of its share price. The market capitalization of tradable shares is ¥325 million, versus the ¥500 million criterion. |
| Key initiatives | Earnings Recovery, Restoring trust and strengthening governance, Redefining core services and expanding the customer base, Transforming the revenue model, A scale strategy through alliances, Strengthening frontline capabilities, Information Dissemination |
| Results under the previous plan | Not disclosed → Fiscal years ended April 2025 and April 2026: performance fell short of targets and losses were recorded |
| Reason for revision or withdrawal | The Company recognizes that the primary factors were the significant downward revision of its fiscal year ending April 2026 results, including sales and operating profit, and insufficient information dissemination since listing to ensure that investors fully understood its business and growth potential. |
| Risks identified | If the Company fails to meet the market capitalization of tradable shares criterion during the improvement period ending 30 April 2027, it will be designated as Securities Under Supervision (under confirmation)., If compliance with the market capitalization of tradable shares criterion is not confirmed in the subsequent review, the Company will be designated as a Security to Be Delisted and its shares will be delisted on 1 November 2027. |
| Publication date | 29 July 2026 |
Items this document does not state (16)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsSize of the Target MarketDate of board resolution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company significantly revised downward its forecasts for the fiscal year ending April 2026, including sales and operating profit, and had insufficiently disseminated information since listing to ensure that investors fully understood its business and growth potential.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.