Worth reading
43Recurring
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
16
¥ million (difference from the market capitalization of tradable shares criterion)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedStatements about the use of capital
Payout ratio / DOE policyFrom the fiscal year ending March 2027, the Company will continue to pay stable dividends based on a dividend-on-equity ratio of 3.0%. For the fiscal year ending March 2027, the Company plans to pay dividends twice a year, consisting of an interim dividend and a year-end dividend, with an annual dividend of ¥15 per share.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Self-assessment of PBR and share priceThe Company recognizes weak share prices resulting from lower profitability as one of the main factors behind the non-compliance in the market capitalization of tradable shares.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Improving domestic business profitability
02Improving the Profitability of the China Business
03Changing the dividend policy
04Promoting and strengthening IR activities
Plan assumptionsIn the China business, the economic downturn has persisted against a backdrop of sluggish domestic demand and worsening employment conditions, and the bridal market has also been significantly affected.
Risks identified by the company
If compliance with the market capitalization of tradable shares criterion cannot be confirmed during the improvement period through 31 March 2027, the Company will be designated as a security under supervision (confirmation pending).
If compliance is not subsequently confirmed in the Tokyo Stock Exchange's review, the Company will be designated as a security to be delisted and delisted on 1 October 2027.
| Item | Details |
|---|---|
| Plan name | Plan to Meet Listing Maintenance Criteria (Entering Improvement Period) |
| Plan period | From 31 March 2026 to 31 March 2027 |
| Progress against the plan | Formulated |
| Payout ratio / DOE policy | From the fiscal year ending March 2027, the Company will continue to pay stable dividends based on a dividend-on-equity ratio of 3.0%. For the fiscal year ending March 2027, the Company plans to pay dividends twice a year, consisting of an interim dividend and a year-end dividend, with an annual dividend of ¥15 per share. |
| Self-assessment of PBR and share price | The Company recognizes weak share prices resulting from lower profitability as one of the main factors behind the non-compliance in the market capitalization of tradable shares. |
| Plan assumptions | In the China business, the economic downturn has persisted against a backdrop of sluggish domestic demand and worsening employment conditions, and the bridal market has also been significantly affected. |
| Key initiatives | Improving domestic business profitability, Improving the Profitability of the China Business, Changing the dividend policy, Promoting and strengthening IR activities |
| Risks identified | If compliance with the market capitalization of tradable shares criterion cannot be confirmed during the improvement period through 31 March 2027, the Company will be designated as a security under supervision (confirmation pending)., If compliance is not subsequently confirmed in the Tokyo Stock Exchange's review, the Company will be designated as a security to be delisted and delisted on 1 October 2027. |
| Date of board resolution | 18 June 2026 (resolution concerning the transfer of assets and withdrawal from operations at the Shanghai Hongqiao store) |
| Publication date | 23 June 2026 |
Items this document does not state (15)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planReason for revision or withdrawalSize of the Target Market
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 the main factors behind the non-compliance in the market capitalization of tradable shares as weak share prices resulting from lower profitability, issues with its dividend policy, and low awareness due to insufficient IR activities.
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.