Worth reading
33Immaterial
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
93
¥100 million (market capitalization of tradable shares; requirement: ¥10 billion or more)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedStatements about the use of capital
Payout ratio / DOE policyThe Company plans to clarify its shareholder return policy in the medium-term management plan scheduled to be formulated and published during the current fiscal year. Target level: Not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Formulation and Disclosure of a Medium-Term Management Plan
02Strengthening Investor Relations Activities
03Strengthening Corporate Governance
04Strengthening internal controls and the disclosure system
Risks identified by the company
The possibility that compliance with the Prime Market listing maintenance criteria may become difficult due to changes in the business environment and other factors.
If compliance cannot be confirmed during the improvement period through 31 December 2026, the company may be designated by the Tokyo Stock Exchange as securities under supervision (examination).
If compliance with the market capitalization of tradable shares requirement is not confirmed in the review following designation as a Security on Alert, the Company may be designated as a Security to Be Delisted and delisted on 1 July 2027.
Reason for revision or withdrawal
The Company recognizes that the main reason it failed to meet the relevant criteria is that the stock market has not adequately reflected its growth strategy and business value. In addition, the business environment and the environment surrounding the capital markets have changed significantly in recent years.
| Item | Details |
|---|---|
| Plan name | Plan to Meet the Listing Maintenance Criteria |
| Plan period | Start: Not disclosed; End: by 31 December 2026 (improvement period) |
| Progress against the plan | Formulated |
| Payout ratio / DOE policy | The Company plans to clarify its shareholder return policy in the medium-term management plan scheduled to be formulated and published during the current fiscal year. Target level: Not disclosed. |
| Key initiatives | Formulation and Disclosure of a Medium-Term Management Plan, Strengthening Investor Relations Activities, Strengthening Corporate Governance, Strengthening internal controls and the disclosure system |
| Reason for revision or withdrawal | The Company recognizes that the main reason it failed to meet the relevant criteria is that the stock market has not adequately reflected its growth strategy and business value. In addition, the business environment and the environment surrounding the capital markets have changed significantly in recent years. |
| Risks identified | The possibility that compliance with the Prime Market listing maintenance criteria may become difficult due to changes in the business environment and other factors., If compliance cannot be confirmed during the improvement period through 31 December 2026, the company may be designated by the Tokyo Stock Exchange as securities under supervision (examination)., If compliance with the market capitalization of tradable shares requirement is not confirmed in the review following designation as a Security on Alert, the Company may be designated as a Security to Be Delisted and delisted on 1 July 2027. |
| Publication date | 30 March 2026 |
Items this document does not state (17)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal 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 recognizes that the main reason it failed to meet the market capitalization of tradable shares requirement is that the stock market has not adequately reflected its growth strategy and business value. In light of the significant changes in the business environment and the environment surrounding the capital markets in recent years, the Company plans to formulate a medium-term management plan.
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.