Worth reading
36Immaterial
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
3048
¥ million (listing maintenance criterion: ¥4,000 million)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedStatements about the use of capital
Payout ratio / DOE policyIt will also consider implementing dividends and other measures. No numerical targets or target period are stated.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 analyzed that its market capitalization was below the criterion and that the funds outflow incident and concerns regarding its governance structure had contributed to the decline in its share price. Market capitalization was ¥3,048 million, compared with a listing maintenance criterion of ¥4,000 million.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Return to a trend of revenue and profit growth
02Recovery in demand for new development of contract services and continued expansion of DX support for publishers
03Enhancing Corporate Value over the Medium to Long Term
04Developing new growth areas by leveraging technology
05Establishing distinctive value through SaaS and contract development
06Creating businesses and products in the generative AI space
07Enhance shareholder returns
08Strengthening IR activities
09Rebuilding governance and internal controls
10Consideration of the market segment
Risks identified by the company
Risk of delisting if it fails to meet the market capitalization criterion as of 31 July 2027 and does not change its market segment to the Standard Market
Depending on whether it has potential shares as of the reference date, it may be designated as a delisting issue or an issue under supervision (under review)
If designated as a delisting issue, it may be delisted on 1 February 2028
Concerns regarding the governance structure arising from the funds outflow incident
Reason for revision or withdrawal
The company was unable to sustain the high growth required by the Growth Market and, having reported lower revenue and lower profit for the fiscal year ended July 2026, was unable to demonstrate sufficient profit growth to meet market expectations. In addition, the funds outflow incident that occurred in April 2026 resulted in a net loss for the period, and the resulting concerns regarding its governance structure contributed to the decline in its share price.
| Item | Details |
|---|---|
| Plan name | Plan to Meet the Listing Maintenance Criteria |
| Plan period | From 31 July 2026 to the end of July 2027 |
| Progress against the plan | Formulated |
| Payout ratio / DOE policy | It will also consider implementing dividends and other measures. No numerical targets or target period are stated. |
| Self-assessment of PBR and share price | The company analyzed that its market capitalization was below the criterion and that the funds outflow incident and concerns regarding its governance structure had contributed to the decline in its share price. Market capitalization was ¥3,048 million, compared with a listing maintenance criterion of ¥4,000 million. |
| Key initiatives | Return to a trend of revenue and profit growth, Recovery in demand for new development of contract services and continued expansion of DX support for publishers, Enhancing Corporate Value over the Medium to Long Term, Developing new growth areas by leveraging technology, Establishing distinctive value through SaaS and contract development, Creating businesses and products in the generative AI space, Enhance shareholder returns, Strengthening IR activities, Rebuilding governance and internal controls, Consideration of the market segment |
| Reason for revision or withdrawal | The company was unable to sustain the high growth required by the Growth Market and, having reported lower revenue and lower profit for the fiscal year ended July 2026, was unable to demonstrate sufficient profit growth to meet market expectations. In addition, the funds outflow incident that occurred in April 2026 resulted in a net loss for the period, and the resulting concerns regarding its governance structure contributed to the decline in its share price. |
| Risks identified | Risk of delisting if it fails to meet the market capitalization criterion as of 31 July 2027 and does not change its market segment to the Standard Market, Depending on whether it has potential shares as of the reference date, it may be designated as a delisting issue or an issue under supervision (under review), If designated as a delisting issue, it may be delisted on 1 February 2028, Concerns regarding the governance structure arising from the funds outflow incident |
| Publication date | 16 October 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.The company was unable to sustain the high growth required by the Growth Market and reported lower revenue and lower profit for the fiscal year ended July 2026. In addition, the net loss for the period resulting from the funds outflow incident in April 2026 and concerns regarding its governance structure put downward pressure on the share price.
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.