Worth reading
37Immaterial
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
0.5
Hundreds of millions of yenWording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedStatements about the use of capital
Treasury share acquisition policyBased on the decision regarding matters related to the acquisition of treasury shares disclosed on 28 March 2025, the Company worked to enhance shareholder value per share
Self-assessment of PBR and share priceSince the announcement of the earnings summary on 13 February 2026, the share price has remained above ¥1,833, the price required for compliance with the listing maintenance standardsPBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Development and sale of new products
02Review of suppliers and passing on costs in response to soaring steel prices
Plan assumptionsThe average share price during the 3-month period preceding the end of the fiscal year or other applicable date has recovered from the previous fiscal year, and the share price has remained above ¥1,833 since the announcement of the earnings summary
Risks identified by the company
If compliance is not confirmed during the improvement period through 31 December 2026, the Company will be designated as a security under supervision (confirmation pending)
If compliance with the market capitalization of tradable shares standard is not confirmed in the subsequent review, the Company will be designated as a security to be delisted and delisted on 1 July 2027
Reason for revision or withdrawal
As of the end of December 2025, the ¥1 billion market capitalization of tradable shares standard had still not been met. The Company considers it a challenge to further enhance corporate value while maintaining a stable corporate structure
| Item | Details |
|---|---|
| Plan name | Plan for Compliance with Listing Maintenance Standards (Entering the Improvement Period) |
| Plan period | Improvement period through 31 December 2026 |
| Progress against the plan | Formulated |
| Treasury share acquisition policy | Based on the decision regarding matters related to the acquisition of treasury shares disclosed on 28 March 2025, the Company worked to enhance shareholder value per share |
| Self-assessment of PBR and share price | Since the announcement of the earnings summary on 13 February 2026, the share price has remained above ¥1,833, the price required for compliance with the listing maintenance standards |
| Plan assumptions | The average share price during the 3-month period preceding the end of the fiscal year or other applicable date has recovered from the previous fiscal year, and the share price has remained above ¥1,833 since the announcement of the earnings summary |
| Key initiatives | Development and sale of new products, Review of suppliers and passing on costs in response to soaring steel prices |
| Reason for revision or withdrawal | As of the end of December 2025, the ¥1 billion market capitalization of tradable shares standard had still not been met. The Company considers it a challenge to further enhance corporate value while maintaining a stable corporate structure |
| Risks identified | If compliance is not confirmed during the improvement period through 31 December 2026, the Company will be designated as a security under supervision (confirmation pending), If compliance with the market capitalization of tradable shares standard is not confirmed in the subsequent review, the Company will be designated as a security to be delisted and delisted on 1 July 2027 |
| Publication date | 25 March 2026 |
Items this document does not state (15)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults 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.Although revenue and profit increased in the fiscal year ended December 2025 and the share price recovered, compliance with the market capitalization of tradable shares standard was not achieved. The Company considers it a challenge to further enhance corporate value while maintaining a stable corporate structure.
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.