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Management planning3803Image Information Inc.Information and Communications, Services and Others

Notice Regarding the New Management Structure and Future Management Policies

To accelerate management reform by leveraging the capital and business alliance with サイブリッジグループ, the Company decided on proposals for the election of 4 directors and 3 Audit & Supervisory Board members and set out its management policy under the new structure. Meanwhile, the Company is expected to have no independent outside directors for the time being and aims to submit an election proposal in June 2027.

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Items stated in the management plan

Formulated
This management policy
Date of board resolution 14 May 2026 · Publication date 14 May 2026
What happened to the previous plan¥40 billion (market capitalization) → Approximately 11-72.5%Calculated from the two disclosed figures
Statements about the use of capital
Self-assessment of PBR and share priceMarket capitalization was approximately ¥1.1 billion as of 30 December 2025, approximately ¥2.9 billion below the listing maintenance criterion of market capitalization of ¥4.0 billion or morePBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Capital and business alliance with サイブリッジ
02Election of the Company's officers
03This management policy
04Begin the process of selecting candidates for independent outside directors
05Aim to submit a proposal for the election of independent outside directors
Non-financial targetsIndicator Proposal for the election of independent outside directors / Target value Aim to submit the proposal to the 52nd Annual General Meeting of Shareholders scheduled for June 2027 / Timing Scheduled for June 2027
Risks identified by the company
Failure to meet the Tokyo Stock Exchange Growth Market listing maintenance criterion of market capitalization of ¥4.0 billion or more
3 consecutive years of losses
Significant corporate governance issues arising from the absence of independent outside directors
Reason for revision or withdrawal

To maximize the benefits of the capital and business alliance with サイブリッジ and accelerate fundamental management reform. The Company also aims to address the urgent management challenges of meeting the listing maintenance criteria and ending 3 consecutive years of losses.

Items stated in the management plan
ItemDetails
Plan nameThis management policy
Progress against the planFormulated
Self-assessment of PBR and share priceMarket capitalization was approximately ¥1.1 billion as of 30 December 2025, approximately ¥2.9 billion below the listing maintenance criterion of market capitalization of ¥4.0 billion or more
Non-financial targetsIndicator Proposal for the election of independent outside directors / Target value Aim to submit the proposal to the 52nd Annual General Meeting of Shareholders scheduled for June 2027 / Timing Scheduled for June 2027
Key initiativesCapital and business alliance with サイブリッジ, Election of the Company's officers, This management policy, Begin the process of selecting candidates for independent outside directors, Aim to submit a proposal for the election of independent outside directors
Results under the previous plan¥40 billion (market capitalization) → Approximately 11
Reason for revision or withdrawalTo maximize the benefits of the capital and business alliance with サイブリッジ and accelerate fundamental management reform. The Company also aims to address the urgent management challenges of meeting the listing maintenance criteria and ending 3 consecutive years of losses.
Risks identifiedFailure to meet the Tokyo Stock Exchange Growth Market listing maintenance criterion of market capitalization of ¥4.0 billion or more, 3 consecutive years of losses, Significant corporate governance issues arising from the absence of independent outside directors
Date of board resolution14 May 2026
Publication date14 May 2026
Items this document does not state (15)
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 Market

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.

To maximize the benefits of the capital and business alliance with サイブリッジ and accelerate fundamental management reform. The Company also aims to address the urgent management challenges of meeting the listing maintenance criteria and ending 3 consecutive years of losses.

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Notice Regarding the New Management Structure and Future Management Policies | Image Information Inc. (3803) timely disclosure | Komori