Worth reading
42Recurring
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
-0.4
Tradable share ratio (percentage points)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedWhat happened to the previous planCompliance with the continued listing criterion for the free-float ratio → The free-float ratio was 25.3% as of the end of January 2025, meeting the criterion
Statements about the use of capital
Self-assessment of PBR and share priceAlthough the company has stated a policy of pursuing share price stability, numerical assessments of PBR and the share price level are Not disclosedPBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Steadily implement the medium-term management plan
02Further enhance information disclosure to investors
03Approach major shareholders and others, mainly, about selling their holdings in the market
Non-financial targetsIndicator name Tradable share ratio / Target value 25% or higher / Timing By the end of January 2027
Risks identified by the company
If compliance cannot be confirmed during the improvement period through the end of January 2027, the company may be designated by the Tokyo Stock Exchange as a Security Under Supervision (Confirmation).
Thereafter, if compliance with the free-float ratio criterion is not confirmed in the review based on the distribution status table as of the end of January 2027, the company may be designated as a Security to Be Delisted and delisted on 1 August 2027.
Reason for revision or withdrawal
As of the end of January 2026, the company was not compliant with the criterion for the free-float ratio. The company will pursue various initiatives to meet the continued listing criteria and satisfy the free-float ratio requirement with which it is currently non-compliant.
| Item | Details |
|---|---|
| Plan name | Plan to Meet Listing Maintenance Criteria (Entering Improvement Period) |
| Progress against the plan | Formulated |
| Self-assessment of PBR and share price | Although the company has stated a policy of pursuing share price stability, numerical assessments of PBR and the share price level are Not disclosed |
| Non-financial targets | Indicator name Tradable share ratio / Target value 25% or higher / Timing By the end of January 2027 |
| Key initiatives | Steadily implement the medium-term management plan, Further enhance information disclosure to investors, Approach major shareholders and others, mainly, about selling their holdings in the market |
| Results under the previous plan | Compliance with the continued listing criterion for the free-float ratio → The free-float ratio was 25.3% as of the end of January 2025, meeting the criterion |
| Reason for revision or withdrawal | As of the end of January 2026, the company was not compliant with the criterion for the free-float ratio. The company will pursue various initiatives to meet the continued listing criteria and satisfy the free-float ratio requirement with which it is currently non-compliant. |
| Risks identified | If compliance cannot be confirmed during the improvement period through the end of January 2027, the company may be designated by the Tokyo Stock Exchange as a Security Under Supervision (Confirmation)., Thereafter, if compliance with the free-float ratio criterion is not confirmed in the review based on the distribution status table as of the end of January 2027, the company may be designated as a Security to Be Delisted and delisted on 1 August 2027. |
| Publication date | 9 April 2026 |
Items this document does not state (16)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetPlan 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.Due to the history of past management integrations and business reorganizations, the company has a high ratio of stable shareholders consisting mainly of domestic corporations that are business partners of affiliated companies and subsidiaries, resulting in low liquidity in the stock market.
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.