Worth reading
34Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
4.13
¥100 million (market capitalization of tradable shares)Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedStatements about the use of capital
Self-assessment of PBR and share priceThe company recognizes that the share price level has declined against a backdrop of weak business performance due to the continuous recording of losses.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Enhancing corporate value through improved business performance
02Increasing revenue by strengthening live sales
03Optimizing advertising and promotional expenses and strengthening social media communications
04Fixed Cost Reduction
05Strengthening IR activities and communication with investors
06Improving share liquidity
Risks identified by the company
Designation as a Security Under Supervision (Confirmation Underway) if compliance cannot be confirmed during the improvement period ending 28 February 2027
Designation as a Security to Be Delisted if compliance with the criteria is not confirmed in the subsequent examination by the Tokyo Stock Exchange
Delisting on 1 September 2027
Reason for revision or withdrawal
In addition to the decline in the share price level against a backdrop of weak business performance due to the continuous recording of losses, insufficient share liquidity because the number of free-float shares is limited, and a situation in which communication with investors cannot be considered sufficient
| Item | Details |
|---|---|
| Plan name | Plan to Meet the Listing Maintenance Criteria |
| Plan period | Improvement period through 28 February 2027 |
| Progress against the plan | Formulated |
| Self-assessment of PBR and share price | The company recognizes that the share price level has declined against a backdrop of weak business performance due to the continuous recording of losses. |
| Key initiatives | Enhancing corporate value through improved business performance, Increasing revenue by strengthening live sales, Optimizing advertising and promotional expenses and strengthening social media communications, Fixed Cost Reduction, Strengthening IR activities and communication with investors, Improving share liquidity |
| Reason for revision or withdrawal | In addition to the decline in the share price level against a backdrop of weak business performance due to the continuous recording of losses, insufficient share liquidity because the number of free-float shares is limited, and a situation in which communication with investors cannot be considered sufficient |
| Risks identified | Designation as a Security Under Supervision (Confirmation Underway) if compliance cannot be confirmed during the improvement period ending 28 February 2027, Designation as a Security to Be Delisted if compliance with the criteria is not confirmed in the subsequent examination by the Tokyo Stock Exchange, Delisting on 1 September 2027 |
| Publication date | 19 May 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 capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan assumptionsResults under the previous planSize 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 decline in the share price level against a backdrop of weak business performance due to the continuous recording of losses, insufficient share liquidity because the number of free-float shares is limited, and a situation in which communication with investors cannot be considered sufficient had a combined impact.
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.