Worth reading
35Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
6.9
Improvement in the free-float ratio (from 19.4% to 26.3%)Wording
Definitive
How definitive the wording is.Items stated in the management plan
What happened to the previous plan19.4% (as of 31 March 2025) → 26.3% (actual as of 31 March 2026)+0.0%Calculated from the two disclosed figures
Statements about the use of capital
Payout ratio / DOE policyThe Company intends to implement a dividend policy in line with improvements in corporate value and business performance. Specific target levels and the target period are Not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyThe Company acquired treasury shares in September 2025 and March 2026. It intends to consider and implement the use and cancellation of treasury shares as appropriate going forward. The acquisition limit and terms are Not disclosed.
Key initiatives
01Encouraging major shareholders to sell the Company's shares
02Use and cancellation of treasury shares
03Initiatives to increase the number of individual shareholders
Non-financial targetsIndicator name Shareholders / Target value Listing maintenance criterion: 400 shareholders / Timing As of 31 March 2026, Indicator name Number of tradable shares / Target value Listing maintenance criterion: 2,000 units / Timing As of 31 March 2026, Indicator name Market capitalization of tradable shares / Target value Listing maintenance criterion: ¥1 billion / Timing As of 31 March 2026, Indicator name Tradable share ratio / Target value Listing maintenance criterion: 25% / Timing As of 31 March 2026
| Item | Details |
|---|---|
| Plan name | Plan to Meet the Listing Maintenance Criteria |
| Plan period | April 2025 to March 2026 |
| Payout ratio / DOE policy | The Company intends to implement a dividend policy in line with improvements in corporate value and business performance. Specific target levels and the target period are Not disclosed. |
| Treasury share acquisition policy | The Company acquired treasury shares in September 2025 and March 2026. It intends to consider and implement the use and cancellation of treasury shares as appropriate going forward. The acquisition limit and terms are Not disclosed. |
| Non-financial targets | Indicator name Shareholders / Target value Listing maintenance criterion: 400 shareholders / Timing As of 31 March 2026, Indicator name Number of tradable shares / Target value Listing maintenance criterion: 2,000 units / Timing As of 31 March 2026, Indicator name Market capitalization of tradable shares / Target value Listing maintenance criterion: ¥1 billion / Timing As of 31 March 2026, Indicator name Tradable share ratio / Target value Listing maintenance criterion: 25% / Timing As of 31 March 2026 |
| Key initiatives | Encouraging major shareholders to sell the Company's shares, Use and cancellation of treasury shares, Initiatives to increase the number of individual shareholders |
| Results under the previous plan | 19.4% (as of 31 March 2025) → 26.3% (actual as of 31 March 2026) |
| Publication date | 15 April 2026 |
Items this document does not state (17)
Progress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetPlan assumptionsReason for revision or withdrawalSize of the Target MarketRisks identifiedDate 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 expanded its shareholder benefit program to increase the number of individual shareholders, made a gratis allotment of shares, encouraged major shareholders to sell shares, and acquired and cancelled treasury shares.
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.