Worth reading
32Immaterial
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
33.6
Tradable share ratio (%)Wording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedKey initiatives
01Consider the cancellation of treasury shares as one of the principal options
02Use the shares to enhance the company’s share price and corporate value
03Consider a range of options, including allocating the shares for share-based compensation for officers and employees
Non-financial targetsIndicator name Tradable share ratio / Target value 35% or more / 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 will be designated by the Tokyo Stock Exchange as a Security Under Supervision (Confirmation).
If, following the subsequent review, compliance with the free-float ratio requirement still cannot be confirmed, 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 | Starting fiscal year Not disclosed / Final year 31 March 2027 |
| Progress against the plan | Formulated |
| Non-financial targets | Indicator name Tradable share ratio / Target value 35% or more / Timing By 31 March 2027 |
| Key initiatives | Consider the cancellation of treasury shares as one of the principal options, Use the shares to enhance the company’s share price and corporate value, Consider a range of options, including allocating the shares for share-based compensation for officers and employees |
| Risks identified | If compliance cannot be confirmed during the improvement period ending 31 March 2027, the company will be designated by the Tokyo Stock Exchange as a Security Under Supervision (Confirmation)., If, following the subsequent review, compliance with the free-float ratio requirement still cannot be confirmed, the company will be designated as a Security to Be Delisted and delisted on 1 October 2027. |
| Publication date | 29 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 targetPlan assumptionsResults 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 recognizes that the primary factor is that the ratio of free-floating shares to total shares issued has become relatively low because it holds a certain number of treasury shares.
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.