Worth reading
39Recurring
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
142
¥100 million (decrease in net assets from the end of March 2025)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
Annual updateWhat happened to the previous planPositive net assets (listing maintenance criterion) → Down ¥7.4 billion
Key initiatives
01Fundamental review of the earnings structure through structural reform
02End production at the Mobara plant and consolidate domestic production at the Ishikawa plant
03Reduce the domestic and overseas workforce through measures including voluntary early retirement programs
04Sale of Held Assets
05BEYOND DISPLAY strategy
06Expand the business into sensors and advanced semiconductor packaging
07Implement financial measures, including progress in the additional exercise of share acquisition rights
08Record a gain on the sale of assets at the Mobara plant
09Launch new businesses and expand earnings
10Improve the tradable share ratio through the participation of new investors
11Expand opportunities for dialogue through proactive disclosure, financial results briefings, video distribution and other initiatives
Risks identified by the company
Designation as a security under supervision or a security subject to delisting, and delisting on 1 October 2027, if the net assets criterion is not met
Designation as a security under supervision or a security subject to delisting, and delisting on 1 October 2028, if the tradable share ratio criterion is not met
The tradable share ratio may decline further as a result of the exercise of the acquisition right for Class E preferred shares or the exercise of share acquisition rights
| Item | Details |
|---|---|
| Plan name | Plan to Meet the Listing Maintenance Criteria |
| Plan period | Based on the plan submitted on 26 June 2023, through the end of March 2028 for the tradable share ratio and through the end of March 2027 for net assets |
| Progress against the plan | Annual update |
| Key initiatives | Fundamental review of the earnings structure through structural reform, End production at the Mobara plant and consolidate domestic production at the Ishikawa plant, Reduce the domestic and overseas workforce through measures including voluntary early retirement programs, Sale of Held Assets, BEYOND DISPLAY strategy, Expand the business into sensors and advanced semiconductor packaging, Implement financial measures, including progress in the additional exercise of share acquisition rights, Record a gain on the sale of assets at the Mobara plant, Launch new businesses and expand earnings, Improve the tradable share ratio through the participation of new investors, Expand opportunities for dialogue through proactive disclosure, financial results briefings, video distribution and other initiatives |
| Results under the previous plan | Positive net assets (listing maintenance criterion) → Down ¥7.4 billion |
| Risks identified | Designation as a security under supervision or a security subject to delisting, and delisting on 1 October 2027, if the net assets criterion is not met, Designation as a security under supervision or a security subject to delisting, and delisting on 1 October 2028, if the tradable share ratio criterion is not met, The tradable share ratio may decline further as a result of the exercise of the acquisition right for Class E preferred shares or the exercise of share acquisition rights |
| Publication date | 30 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 assumptionsReason 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.Although fixed costs were significantly reduced, the decline in orders following the end of production at the Tottori and Mobara plants resulted in a net loss attributable to owners of the parent, leaving the company with excess liabilities over assets. For the tradable share ratio, Ichigo's ownership of 78.2% of the company's common shares remains a key issue, and the ratio may decline further as a result of the future exercise of share acquisition rights and other factors.
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.