Worth reading
31Immaterial
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
13.6
Tradable share ratio (%)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedKey initiatives
01Sale of the Company's shares held by corporate shareholders, including GMO Internet Group, Inc.
02Improving the liquidity of non-tradable shares through off-auction distributions and other measures
03Disposal of shares held by officers and others
04Consideration of methods including the issuance of new shares (capital increase) to secure growth capital for the Company
05Statutory and timely disclosure of quarterly financial results information
06Preparation and disclosure of supplementary materials explaining the financial results
07Holding financial results briefings on a quarterly basis
Plan assumptionsThe Company will give due consideration to the impact on share price formation while taking into account the market trading conditions for its shares.
Non-financial targetsIndicator Tradable share ratio / Target value 25.0% or higher / Timing Through 31 December 2026
Risks identified by the company
If compliance with the tradable share ratio criterion cannot be confirmed during the improvement period through 31 December 2026, the Company may be designated as a Security Under Supervision (under review).
If the Company is subsequently confirmed to remain non-compliant with the criteria, it may be designated as a Security to Be Delisted.
The Company's listing may be delisted on 1 July 2027.
The impact on share price formation depending on the methods, volume and timing of share sales and other measures
| Item | Details |
|---|---|
| Plan name | Plan to Meet Listing Maintenance Criteria (Entering Improvement Period) |
| Plan period | Starting fiscal year Not disclosed / Final year End of December 2026 |
| Progress against the plan | Formulated |
| Non-financial targets | Indicator Tradable share ratio / Target value 25.0% or higher / Timing Through 31 December 2026 |
| Plan assumptions | The Company will give due consideration to the impact on share price formation while taking into account the market trading conditions for its shares. |
| Key initiatives | Sale of the Company's shares held by corporate shareholders, including GMO Internet Group, Inc., Improving the liquidity of non-tradable shares through off-auction distributions and other measures, Disposal of shares held by officers and others, Consideration of methods including the issuance of new shares (capital increase) to secure growth capital for the Company, Statutory and timely disclosure of quarterly financial results information, Preparation and disclosure of supplementary materials explaining the financial results, Holding financial results briefings on a quarterly basis |
| Risks identified | If compliance with the tradable share ratio criterion cannot be confirmed during the improvement period through 31 December 2026, the Company may be designated as a Security Under Supervision (under review)., If the Company is subsequently confirmed to remain non-compliant with the criteria, it may be designated as a Security to Be Delisted., The Company's listing may be delisted on 1 July 2027., The impact on share price formation depending on the methods, volume and timing of share sales and other measures |
| Publication date | 31 March 2026 |
Items this document does not state (17)
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 targetResults 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.The tradable share ratio has not reached the 25.0% criterion. The Company cites, among other factors, an aggregate ownership ratio of 72.8% held by the parent company and its subsidiaries, and an ownership ratio of 10.0% represented by shares held by officers and others.
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.