Komori
Management planning7084Smile Holdings Inc.Information and Communications, Services and Others

Plan to Meet the Continued Listing Criteria

The free-float ratio fell below the continued listing criteria at the end of March 2026, prompting the preparation of a plan to achieve compliance. The free-float ratio subsequently recovered to 27.14%, and an application for re-examination has been submitted to the Tokyo Stock Exchange.

Worth reading
34Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
2.84
Percentage points (free-float ratio)
Wording
Avoiding a definitive answer
How definitive the wording is.

Items stated in the management plan

Formulated
Plan to Meet the Listing Maintenance CriteriaPlan period From 31 March 2026 to 31 March 2027
Publication date 26 June 2026
Non-financial targetsIndicator name Tradable share ratio / Target value 25.0% / Timing By 31 March 2027, Indicator name Compliance with Listing Maintenance Standards / Target value Compliant / Timing By 31 March 2027
Risks identified by the company
If compliance cannot be confirmed during the improvement period ending 31 March 2027, the Company may be designated as a Security Under Supervision (Confirmation Pending).
If compliance with the free-float ratio criterion is not confirmed in the subsequent examination by the Tokyo Stock Exchange, the Company may be designated as a Security to Be Delisted and delisted on 1 October 2027.
Items stated in the management plan
ItemDetails
Plan namePlan to Meet the Listing Maintenance Criteria
Plan periodFrom 31 March 2026 to 31 March 2027
Progress against the planFormulated
Non-financial targetsIndicator name Tradable share ratio / Target value 25.0% / Timing By 31 March 2027, Indicator name Compliance with Listing Maintenance Standards / Target value Compliant / Timing By 31 March 2027
Risks identifiedIf compliance cannot be confirmed during the improvement period ending 31 March 2027, the Company may be designated as a Security Under Supervision (Confirmation Pending)., If compliance with the free-float ratio criterion is not confirmed in the subsequent examination by the Tokyo Stock Exchange, the Company may be designated as a Security to Be Delisted and delisted on 1 October 2027.
Publication date26 June 2026
Items this document does not state (19)
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 targetPlan assumptionsKey initiativesResults 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.

As shares owned by business corporations underwent temporary fluctuations toward the end of the fiscal year ended March 2026, the number of free-floating shares decreased. As a result, the free-float ratio declined from 26.4% as of 31 March 2025 to 24.3% as of 31 March 2026, resulting in non-compliance.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Plan to Meet the Continued Listing Criteria | Smile Holdings Inc. (7084) timely disclosure | Komori