Worth reading
44Recurring
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
-447
¥ million (net assets)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedKey initiatives
01Reforming the earnings structure
02Stabilizing the Financial Base
03Re-strengthening of the management and business foundations, and structural reform
04Strengthening sales capabilities to expand business domains
05Improving the earnings structure by reducing telecommunications infrastructure costs, software depreciation and other expenses
06Pursuing inorganic growth through M&A
Risks identified by the company
Designation as a Securities Under Supervision (Confirmation) issue if the company does not disclose that net assets are expected to become positive during the improvement period ending 31 March 2027
Designation as a Security to Be Delisted if compliance with the net assets criterion is not confirmed in the review based on the securities report for the fiscal year ending March 2027
Delisting on 1 October 2027
Reason for revision or withdrawal
The company recorded an operating loss, an ordinary loss and a net loss attributable to owners of the parent for the fiscal year ending March 2026, resulting in a net asset deficit of ¥447.251 million, primarily due to impairment losses of ¥772.505 million.
| Item | Details |
|---|---|
| Plan name | Plan to Meet the Continued Listing Criteria (Net Assets Criterion) (Entered Improvement Period) |
| Plan period | From the fiscal year ending March 2026 through the end of the fiscal year ending March 2027 |
| Progress against the plan | Formulated |
| Key initiatives | Reforming the earnings structure, Stabilizing the Financial Base, Re-strengthening of the management and business foundations, and structural reform, Strengthening sales capabilities to expand business domains, Improving the earnings structure by reducing telecommunications infrastructure costs, software depreciation and other expenses, Pursuing inorganic growth through M&A |
| Reason for revision or withdrawal | The company recorded an operating loss, an ordinary loss and a net loss attributable to owners of the parent for the fiscal year ending March 2026, resulting in a net asset deficit of ¥447.251 million, primarily due to impairment losses of ¥772.505 million. |
| Risks identified | Designation as a Securities Under Supervision (Confirmation) issue if the company does not disclose that net assets are expected to become positive during the improvement period ending 31 March 2027, Designation as a Security to Be Delisted if compliance with the net assets criterion is not confirmed in the review based on the securities report for the fiscal year ending March 2027, Delisting on 1 October 2027 |
| Publication date | 22 June 2026 |
Items this document does not state (18)
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 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 explained that net assets fell into a deficit of ¥447.251 million after recording an operating loss of ¥126.351 million, an ordinary loss of ¥142.265 million and a net loss attributable to owners of the parent of ¥925.575 million, primarily due to impairment losses of ¥772.505 million on software and shared assets.
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.