Worth reading
22Immaterial
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
0.9
¥100 million (difference from the market capitalization of tradable shares criterion)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateStatements about the use of capital
Payout ratio / DOE policySubject to stabilizing the earnings base, the company will continue its review based on business performance trends, its financial position, and consistency with its overall capital policy.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Self-assessment of PBR and share priceThe company has stated a policy of seeking to improve its share price, but the figures for PBR and the share price level are not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Improve market valuation by increasing earnings power
02Shareholder Returns
03Strengthening Investor Relations Activities
04Review capital policy
Risks identified by the company
Risk of withdrawal due to redevelopment or closure of commercial facilities and other factors
Risk of designation as Securities Under Supervision (Examination) if compliance cannot be confirmed during the improvement period
Risk of designation as Securities to be Delisted and delisting on 1 September 2027 if the market capitalization of tradable shares does not meet the criterion
Reason for revision or withdrawal
Because the market capitalization of tradable shares did not meet the continued listing criterion
| Item | Details |
|---|---|
| Plan name | Plan to Meet the Listing Maintenance Criteria |
| Plan period | Improvement period through 28 February 2027 |
| Progress against the plan | Annual update |
| Payout ratio / DOE policy | Subject to stabilizing the earnings base, the company will continue its review based on business performance trends, its financial position, and consistency with its overall capital policy. |
| Self-assessment of PBR and share price | The company has stated a policy of seeking to improve its share price, but the figures for PBR and the share price level are not disclosed. |
| Key initiatives | Improve market valuation by increasing earnings power, Shareholder Returns, Strengthening Investor Relations Activities, Review capital policy |
| Reason for revision or withdrawal | Because the market capitalization of tradable shares did not meet the continued listing criterion |
| Risks identified | Risk of withdrawal due to redevelopment or closure of commercial facilities and other factors, Risk of designation as Securities Under Supervision (Examination) if compliance cannot be confirmed during the improvement period, Risk of designation as Securities to be Delisted and delisting on 1 September 2027 if the market capitalization of tradable shares does not meet the criterion |
| Publication date | 20 May 2026 |
Items this document does not state (16)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planSize 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.Because the market capitalization of tradable shares did not meet the criterion. Based on the factors behind the shortfall in business performance, the company has identified its store-opening strategy, cost structure, and IP strategy as key issues.
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.