Worth reading
63In focus
Scored from 4 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
575
¥ millions (market capitalization of tradable shares)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateNet SalesNot disclosed → Fiscal year ending December 2028: ¥2,366 million
Operating profitNot disclosed → Fiscal year ending December 2028: ¥210 million
Net income for the current fiscal yearNot disclosed → Fiscal year ending December 2028: ¥173 million
Only the target level is shown because the current level for comparison was not provided.Statements about the use of capital
Payout ratio / DOE policyThe basic policy is to pay stable and consistent dividends while taking into account investments for future growth, business development, business performance and financial condition. Target period and numerical target: Not disclosed.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Self-assessment of PBR and share priceThe company recognizes that expectations have not increased in response to deteriorating business performance and that the share price, a key factor, has no upward trend. PBR: Not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Rebuilding existing businesses
02Executing the Growth Strategy
03Strengthening Investor Relations Activities
04Expanding markets and trading areas
Risks identified by the company
Designation as a Security Under Supervision (Confirmation Pending) if compliance with the market capitalization of tradable shares criterion cannot be confirmed during the improvement period through the end of December 2026
Designation as a Security to Be Delisted if non-compliance with the criterion is subsequently confirmed
Delisting on 1 July 2027
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan (Fiscal Years Ending December 2026 to December 2028) |
| Plan period | Fiscal years ending December 2026 through December 2028 |
| Progress against the plan | Annual update |
| Sales Target | Not disclosed → Fiscal year ending December 2028: ¥2,366 million |
| Operating profit target | Not disclosed → Fiscal year ending December 2028: ¥210 million |
| Net income target | Not disclosed → Fiscal year ending December 2028: ¥173 million |
| Payout ratio / DOE policy | The basic policy is to pay stable and consistent dividends while taking into account investments for future growth, business development, business performance and financial condition. Target period and numerical target: Not disclosed. |
| Self-assessment of PBR and share price | The company recognizes that expectations have not increased in response to deteriorating business performance and that the share price, a key factor, has no upward trend. PBR: Not disclosed. |
| Key initiatives | Rebuilding existing businesses, Executing the Growth Strategy, Strengthening Investor Relations Activities, Expanding markets and trading areas |
| Risks identified | Designation as a Security Under Supervision (Confirmation Pending) if compliance with the market capitalization of tradable shares criterion cannot be confirmed during the improvement period through the end of December 2026, Designation as a Security to Be Delisted if non-compliance with the criterion is subsequently confirmed, Delisting on 1 July 2027 |
| Publication date | 31 March 2026 |
Items this document does not state (14)
Operating profit margin targetROE targetROIC targetTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsPlan 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.Regarding the main reason why the market capitalization of tradable shares does not meet the criterion, the company states: "We believe this is because expectations have not increased in response to deteriorating business performance, leaving the share price, a key factor, without an upward trend."
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.