Worth reading
56In focus
Scored from 3 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
0.8
Shortfall in the free-float ratio (percentage points)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedKey initiatives
01Expand the free float through the reduction of strategic shareholdings and other measures
02Sustainable Enhancement of Corporate Value
Plan assumptionsWe will proceed with the phased sale of strategic shareholdings, while taking into consideration the impact on market conditions and the share price.
Non-financial targetsIndicator name Shareholders / Target value 800 people / Timing By March 2027, Indicator name Number of tradable shares / Target value 20,000 units / Timing By March 2027, Indicator name Market capitalization of tradable shares / Target value ¥10,000 million / Timing By March 2027, Indicator name Tradable share ratio / Target value 35.0％ / Timing By March 2027
Risks identified by the company
If compliance with the free-float ratio requirement cannot be confirmed by 31 March 2027, the Company may be designated as a Security on Alert (Confirmation Pending). If compliance remains unconfirmed thereafter, it will be designated as a Security to Be Delisted, and delisted on 1 October 2027.
| Item | Details |
|---|---|
| Plan name | Plan to Meet the Listing Maintenance Criteria |
| Plan period | By March 2027 |
| Progress against the plan | Formulated |
| Non-financial targets | Indicator name Shareholders / Target value 800 people / Timing By March 2027, Indicator name Number of tradable shares / Target value 20,000 units / Timing By March 2027, Indicator name Market capitalization of tradable shares / Target value ¥10,000 million / Timing By March 2027, Indicator name Tradable share ratio / Target value 35.0％ / Timing By March 2027 |
| Plan assumptions | We will proceed with the phased sale of strategic shareholdings, while taking into consideration the impact on market conditions and the share price. |
| Key initiatives | Expand the free float through the reduction of strategic shareholdings and other measures, Sustainable Enhancement of Corporate Value |
| Risks identified | If compliance with the free-float ratio requirement cannot be confirmed by 31 March 2027, the Company may be designated as a Security on Alert (Confirmation Pending). If compliance remains unconfirmed thereafter, it will be designated as a Security to Be Delisted, and delisted on 1 October 2027. |
| Publication date | 29 June 2026 |
Items this document does not state (17)
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 targetResults under the previous planReason 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.We recognize the main factors as the high proportion of shares held on a long-term, continuing basis by domestic operating companies, financial institutions and others, and the resulting low liquidity in the stock market. In response, we will seek to improve the free-float ratio by reducing strategic shareholdings, enhancing corporate value, and strengthening dialogue and information disclosure with investors and shareholders.
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.