Worth reading
57In focus
Scored from 1 of 5 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
130634272
Yen (shortfall against the ¥1,000,000,000 listing maintenance criterion)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedROE+2.0pt
基準 8Target10%
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. For metrics expressed as percentages, differences are shown in percentage points (pt).
Investment amount by sectorField Labor-saving investment / Amount Not disclosed
Statements about the use of capital
Self-assessment of PBR and share priceRecognizes that market capitalization remains depressedPBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Improving Profitability
02Improving Asset Efficiency
03Improvement in the equity ratio
04Enhance disclosure of management strategies and financial information
05Enhance disclosure of non-financial information
06Introduction of an Employee Stock Benefit Trust (J-ESOP)
07Introduce a restricted stock (RS) compensation plan for directors
08Hold briefings for individual investors twice a year.
09Listing on the Main Market of the Nagoya Stock Exchange
Risks identified by the company
If compliance with the listing maintenance criterion for free-float market capitalization cannot be confirmed during the improvement period through 28 February 2027, the company may be designated as a security under supervision (confirmation ongoing).
If compliance is not confirmed in the subsequent review, the company may be designated as a security subject to delisting and delisted on 1 September 2027.
Reason for revision or withdrawal
The company recognizes that its depressed market capitalization reflects the recovery in business performance falling short of the expectations of shareholders and investors.
| Item | Details |
|---|---|
| Plan name | Plan to Meet Listing Maintenance Criteria (Entering Improvement Period) |
| Plan period | Through the end of February 2027 (improvement period) |
| Progress against the plan | Formulated |
| ROE target | Maintain at 8% or above → Target 10% or above |
| Self-assessment of PBR and share price | Recognizes that market capitalization remains depressed |
| Investment amount by sector | Field Labor-saving investment / Amount Not disclosed |
| Key initiatives | Improving Profitability, Improving Asset Efficiency, Improvement in the equity ratio, Enhance disclosure of management strategies and financial information, Enhance disclosure of non-financial information, Introduction of an Employee Stock Benefit Trust (J-ESOP), Introduce a restricted stock (RS) compensation plan for directors, Hold briefings for individual investors twice a year., Listing on the Main Market of the Nagoya Stock Exchange |
| Reason for revision or withdrawal | The company recognizes that its depressed market capitalization reflects the recovery in business performance falling short of the expectations of shareholders and investors. |
| Risks identified | If compliance with the listing maintenance criterion for free-float market capitalization cannot be confirmed during the improvement period through 28 February 2027, the company may be designated as a security under supervision (confirmation ongoing)., If compliance is not confirmed in the subsequent review, the company may be designated as a security subject to delisting and delisted on 1 September 2027. |
| Publication date | 22 May 2026 |
Items this document does not state (15)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalTotal investment planSegment 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 its depressed market capitalization reflects the recovery in business performance falling short of the expectations of shareholders and investors.
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.