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

Progress under the Plan for Compliance with Listing Maintenance Criteria

As of the end of March 2026, the company did not meet the continued listing criterion of a market capitalization of ¥4,000 million and remains designated as a security under supervision (confirmation pending). Although it raised approximately ¥600 million, it sold the 3 companies it had acquired because the anticipated synergies were not expected to materialize, and it also failed to meet its earnings targets.

Worth reading
46Recurring
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
6
¥100 million (approx.)
Wording
Conditional
How definitive the wording is.

Items stated in the management plan

Annual update
Medium-Term Management PlanPlan period Fiscal year ending March 2025 to fiscal year ending March 2027
Publication date 26 June 2026
Net Sales¥1,050 million (fiscal year ending March 2026) → Not disclosed
Only the target level is shown because the current level for comparison was not provided.
What happened to the previous planRevenue: ¥1,050 million; ordinary profit: ¥80 million → Actual: revenue of ¥731 million, ordinary loss of ¥195 million, and net loss attributable to owners of the parent of ¥259 million-30.4%Calculated from the two disclosed figures
Statements about the use of capital
Self-assessment of PBR and share priceThe company recognizes that the main reason its market capitalization is below the criterion is the low share price, which reflects investor valuation. No PBR figure has been provided.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Funding and proactive business investment to expand business scale
02Appropriate organizational structure
03Promotion of M&A and corporate partnerships
Risks identified by the company
If compliance with the market capitalization criterion is not confirmed as of 31 March 2027, the company will be designated as a security subject to delisting and delisted on 1 October 2027
Items stated in the management plan
ItemDetails
Plan nameMedium-Term Management Plan
Plan periodFiscal year ending March 2025 to fiscal year ending March 2027
Progress against the planAnnual update
Sales Target¥1,050 million (fiscal year ending March 2026) → Not disclosed
Self-assessment of PBR and share priceThe company recognizes that the main reason its market capitalization is below the criterion is the low share price, which reflects investor valuation. No PBR figure has been provided.
Key initiativesFunding and proactive business investment to expand business scale, Appropriate organizational structure, Promotion of M&A and corporate partnerships
Results under the previous planRevenue: ¥1,050 million; ordinary profit: ¥80 million → Actual: revenue of ¥731 million, ordinary loss of ¥195 million, and net loss attributable to owners of the parent of ¥259 million
Risks identifiedIf compliance with the market capitalization criterion is not confirmed as of 31 March 2027, the company will be designated as a security subject to delisting and delisted on 1 October 2027
Publication date26 June 2026
Items this document does not state (16)
Operating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsReason 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 company recognizes that the main reason its market capitalization is below the criterion is the low share price, which reflects investor valuation. Regarding the failure to meet its earnings targets, it cites the lack of expected synergies at the 3 acquired companies and the recognition of a loss on the restructuring of affiliated companies. Although the funding was secured, the company states that it has not yet invested in further growth or improved profitability.

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.
Progress under the Plan for Compliance with Listing Maintenance Criteria | Image Information Inc. (3803) timely disclosure | Komori