Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
37
¥ billion (market capitalization)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Update to the plan (change in the plan period)Investment amount by sectorField Funds for investment in the Solana Treasury business / Amount Not disclosed, Field Growth capital for subsidiaries and portfolio companies / Amount Not disclosed, Field Funds for creating new IP and promoting new businesses / Amount Not disclosed, Field SIAP-related costs (expenses required for M&A) / Amount Not disclosed
Statements about the use of capital
Self-assessment of PBR and share priceThe company recognizes that its share price has remained weak and that it does not meet the market capitalization criterion. Market capitalization at the end of December 2025 was ¥3.7 billion.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Business and Management-Base Stabilization
02Stabilizing the Financial Base
03Consideration of a market-segment transfer within the Standard Market
04IP investment and development business
05Solana Treasury business
06Social Impact Passport (SIP) initiative
07M&A strategy: SIAP (Social Impact Acceleration Program) initiative
08Lifestyle IP business
09Digital IP business
Non-financial targetsIndicator Number of downloads of the official e-commerce app / Target value 50,000 downloads / Timing By year-end
Risks identified by the company
Recording an operating loss, an ordinary loss, and a net loss attributable to owners of the parent
Events or circumstances that raise substantial doubt about the going-concern assumption
Designation as a security to be delisted and delisting if the company fails to meet the market capitalization criterion
Reason for revision or withdrawal
To comply with the listing maintenance criteria by the end of December 2026.
| Item | Details |
|---|---|
| Plan name | Plan for Compliance with Continued Listing Criteria |
| Plan period | End of December 2026 |
| Progress against the plan | Update to the plan (change in the plan period) |
| Self-assessment of PBR and share price | The company recognizes that its share price has remained weak and that it does not meet the market capitalization criterion. Market capitalization at the end of December 2025 was ¥3.7 billion. |
| Investment amount by sector | Field Funds for investment in the Solana Treasury business / Amount Not disclosed, Field Growth capital for subsidiaries and portfolio companies / Amount Not disclosed, Field Funds for creating new IP and promoting new businesses / Amount Not disclosed, Field SIAP-related costs (expenses required for M&A) / Amount Not disclosed |
| Non-financial targets | Indicator Number of downloads of the official e-commerce app / Target value 50,000 downloads / Timing By year-end |
| Key initiatives | Business and Management-Base Stabilization, Stabilizing the Financial Base, Consideration of a market-segment transfer within the Standard Market, IP investment and development business, Solana Treasury business, Social Impact Passport (SIP) initiative, M&A strategy: SIAP (Social Impact Acceleration Program) initiative, Lifestyle IP business, Digital IP business |
| Reason for revision or withdrawal | To comply with the listing maintenance criteria by the end of December 2026. |
| Risks identified | Recording an operating loss, an ordinary loss, and a net loss attributable to owners of the parent, Events or circumstances that raise substantial doubt about the going-concern assumption, Designation as a security to be delisted and delisting if the company fails to meet the market capitalization criterion |
| Publication date | 27 March 2026 |
Items this document does not state (15)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalTotal investment planSegment targetPlan 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.The company recognizes that its share price has remained weak and that it does not meet the market capitalization criterion because it has recorded an operating loss, an ordinary loss, and a net loss attributable to owners of the parent, and there are events or circumstances that raise substantial doubt about the going-concern assumption.
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.