Worth reading
27Immaterial
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
2.13
Percentage points of free-float ratioWording
Avoiding a definitive answer
How definitive the wording is.Items stated in the management plan
FormulatedKey initiatives
01Create an environment that makes it easier to invest
02Improve the liquidity of the company's shares
03Expansion of the investor base
04Sales by major shareholders
05Sell the shares in stages
Plan assumptionsThe specific timing and method will be decided after taking into account the impact on the share price., Taking into account the overall impact on existing shareholders and market conditions, sell the shares in stages while minimising the impact on the market.
Non-financial targetsIndicator Tradable share ratio / Target value 25.00% or more / Timing End of June 2027
Risks identified by the company
If the company is unable to disclose by 30 June 2027 that it is in compliance, the Tokyo Stock Exchange will designate it as Securities Under Supervision (Confirmation Underway).
If the compliance assessment does not confirm compliance with the free-float ratio standard, the company will be designated as a Security to Be Delisted and delisted on 1 January 2028.
The impact on the share price and on existing shareholders and market conditions
| Item | Details |
|---|---|
| Plan name | Plan to Meet Listing Maintenance Criteria (Entering the Improvement Period) |
| Plan period | Start: Not disclosed, End: end-June 2027 |
| Progress against the plan | Formulated |
| Non-financial targets | Indicator Tradable share ratio / Target value 25.00% or more / Timing End of June 2027 |
| Plan assumptions | The specific timing and method will be decided after taking into account the impact on the share price., Taking into account the overall impact on existing shareholders and market conditions, sell the shares in stages while minimising the impact on the market. |
| Key initiatives | Create an environment that makes it easier to invest, Improve the liquidity of the company's shares, Expansion of the investor base, Sales by major shareholders, Sell the shares in stages |
| Risks identified | If the company is unable to disclose by 30 June 2027 that it is in compliance, the Tokyo Stock Exchange will designate it as Securities Under Supervision (Confirmation Underway)., If the compliance assessment does not confirm compliance with the free-float ratio standard, the company will be designated as a Security to Be Delisted and delisted on 1 January 2028., The impact on the share price and on existing shareholders and market conditions |
| Publication date | 29 September 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 capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetResults 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 free-float ratio is 22.87% and below the 25% standard because the founder, who is also the Representative Director and President, and the founder's asset management company hold 71.41% of the shares. Taking into account the impact on existing shareholders and market conditions, the policy is to sell the shares in stages while minimising the impact on the market.
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.