Worth reading
13Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Statements about the use of capital
Payout ratio / DOE policyThe company positions shareholder returns as one of its key management priorities and will work to improve capital efficiency and enhance shareholder returns while considering the balance with growth investment.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Key initiatives
01Strengthening the Business Foundation
02Strengthening governance
03Improving capital efficiency
04Enhance shareholder returns
05Policy of aiming to change market segment to the Standard Market
06Fully advancing preparations for the application
Plan assumptionsThe market capitalization of tradable shares and other factors are affected by stock market conditions.
Risks identified by the company
A review by the Tokyo Stock Exchange and other procedures will be required
The market capitalization of tradable shares and other factors are affected by stock market conditions
The market segment change has not been decided or finalized as of now
| Item | Details |
|---|---|
| Plan name | Change of market segment to the Standard Market |
| Payout ratio / DOE policy | The company positions shareholder returns as one of its key management priorities and will work to improve capital efficiency and enhance shareholder returns while considering the balance with growth investment. |
| Plan assumptions | The market capitalization of tradable shares and other factors are affected by stock market conditions. |
| Key initiatives | Strengthening the Business Foundation, Strengthening governance, Improving capital efficiency, Enhance shareholder returns, Policy of aiming to change market segment to the Standard Market, Fully advancing preparations for the application |
| Risks identified | A review by the Tokyo Stock Exchange and other procedures will be required, The market capitalization of tradable shares and other factors are affected by stock market conditions, The market segment change has not been decided or finalized as of now |
| Publication date | 30 September 2026 |
Items this document does not state (19)
Plan periodProgress against the planSales 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 targetsResults 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.The company stated that, as its business has grown, it has made progress in stabilizing its earnings base and financial base, and has also worked to strengthen its management and governance structures. It therefore aims to move to a market segment suited to its current business stage and management foundation.
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.