Items stated in the management plan
Partially revisedAgainst the backdrop of recent international developments and the heightened uncertainty in financial markets, we recognize the need to continue carefully assessing trends in the equity markets. We also believe that it is extremely important for the sustainable enhancement of corporate value after listing to raise the replicability and scalability of the business model, including its potential deployment in other regions, to a level that can be demonstrated through an established track record. We determined that, rather than prioritizing a short-term listing timetable, it is appropriate to pursue the realization of greater corporate value by establishing the business model and building an operating track record across multiple locations.
| Item | Details |
|---|---|
| Plan name | Preparations for and Future Policy on the Application for a New Listing of a Subsidiary |
| Plan period | During the current fiscal year (the fiscal year ending July 2026) |
| Progress against the plan | Partially revised |
| Key initiatives | Establishing the business model and strengthening the management foundation, Building an operating track record across multiple locations, Establishing a robust governance structure, Driving business growth and strengthening the earnings base, Continuing growth investments with a focus on investment efficiency, Enhancing business operations and strengthening regional collaboration |
| Reason for revision or withdrawal | Against the backdrop of recent international developments and the heightened uncertainty in financial markets, we recognize the need to continue carefully assessing trends in the equity markets. We also believe that it is extremely important for the sustainable enhancement of corporate value after listing to raise the replicability and scalability of the business model, including its potential deployment in other regions, to a level that can be demonstrated through an established track record. We determined that, rather than prioritizing a short-term listing timetable, it is appropriate to pursue the realization of greater corporate value by establishing the business model and building an operating track record across multiple locations. |
| Risks identified | Recent international developments, Heightened uncertainty in financial markets, Stock market trends |
| Publication date | 3 April 2026 |
Items this document does not state (18)
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 determined that, given recent international developments and the heightened uncertainty in financial markets, it is necessary to carefully assess trends in the equity markets. It also determined that it is important to raise the replicability and scalability of the business model to a level that can be demonstrated through an established track record, and that prioritizing the establishment of the business model and the accumulation of operating results across multiple locations, rather than pursuing a short-term listing timetable, will contribute to maximizing corporate value over the longer term.