Komori
Management Plan3175AP HOLDINGS CO.,LTD.Retail

Regarding the plan to comply with listing maintenance criteria (net assets criterion) and entry into the improvement period

Consolidated net assets declined from positive ¥167 million at 31 March 2025 to negative ¥50 million, resulting in non-compliance with the net assets criterion for the TSE Standard Market. The company announced a plan to eliminate its negative net worth by the end of the first quarter of the fiscal year ending March 2026, through the planned recognition of a ¥466.523 million gain on the sale of a subsidiary and measures to improve the profitability of existing locations.

Worth reading
25Immaterial
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
-50
¥ million
Wording
Avoiding a definitive answer
How definitive the wording is.

Items stated in the management plan

Formulated
Plan for Compliance with the Continued Listing Criteria (Net Assets Criterion) (with an Improvement Period)Plan period 31 March 2026
Publication date 27 June 2025
Key initiatives
01新規出店を抑制
02各カンパニーにおける人員体制の見直し
03教育レベルの把握
04衛生環境の整備
05Review of the product mix
06マーケティング施策の変更
07店舗運営体制の強化
08Strengthening the financial foundation
09人的資本経営の推進による成長事業の拡大
10Cost-structure improvement
Risks identified by the company
2026年3月31日までに純資産の額が正となる見込みである旨の開示ができない場合、監理銘柄（確認中）に指定される可能性
2026年3月期の有価証券報告書に基づく適合判定で純資産の額基準への適合が確認されない場合、整理銘柄に指定された後、2026年10月1日に上場廃止となる可能性
Items stated in the management plan
ItemDetails
Plan namePlan for Compliance with the Continued Listing Criteria (Net Assets Criterion) (with an Improvement Period)
Plan period31 March 2026
Progress against the planFormulated
Key initiatives新規出店を抑制, 各カンパニーにおける人員体制の見直し, 教育レベルの把握, 衛生環境の整備, Review of the product mix, マーケティング施策の変更, 店舗運営体制の強化, Strengthening the financial foundation, 人的資本経営の推進による成長事業の拡大, Cost-structure improvement
Risks identified2026年3月31日までに純資産の額が正となる見込みである旨の開示ができない場合、監理銘柄（確認中）に指定される可能性, 2026年3月期の有価証券報告書に基づく適合判定で純資産の額基準への適合が確認されない場合、整理銘柄に指定された後、2026年10月1日に上場廃止となる可能性
Publication date27 June 2025
Items this document does not state (19)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planReason for revision or withdrawalSize 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.

国内15店舗・香港4店舗について、営業活動から生じる損益が継続してマイナスとなり、将来の収益性がないと判断したため固定資産の減損を実施した。また、九州塚田農場および香港事業では、市場環境の変化や競争激化が連結業績に影響した。

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.
Regarding the plan to comply with listing maintenance criteria (net assets criterion) and entry into the improvement period | AP HOLDINGS CO.,LTD. (3175) timely disclosure | Komori