Worth reading
34Immaterial
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
4.3
Improvement in tradable share ratio (%)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Annual updateWhat happened to the previous planListing maintenance criterion: 25% → As of 31 December 2025: 21.2%+8,000.0%Calculated from the two disclosed figures
Key initiatives
01Sale of shares held by directors through off-auction trades, block trades and other transactions
02Encouraging employees to exercise the stock options granted to them
03Continuing to hold briefings for institutional and individual investors, and regularly conducting small meetings with institutional investors
04Continuing IR activities, including briefings for individual investors
Plan assumptionsThe number of tradable shares is low at 1,150,851 as of the reference date, and supplying a large number of shares to the market over a short period would have a significant adverse impact on share price formation.
Non-financial targetsIndicator name Tradable share ratio / Target value 25％ / Timing Through 31 December 2026
Risks identified by the company
Adverse impact on share price formation from supplying a large number of shares to the market over a short period
Designation as a Security Under Supervision (Confirmation) if compliance cannot be confirmed by 31 December 2026
Designation as a Security to Be Delisted and delisting on 1 July 2027 if compliance with the tradable share ratio criterion cannot be confirmed
Reason for revision or withdrawal
The number of tradable shares is low at 1,150,851, and supplying a large number of shares to the market over a short period to improve the tradable share ratio would have a significant adverse impact on share price formation, which remains a challenge.
| Item | Details |
|---|---|
| Plan name | Plan for Compliance with Continued Listing Criteria |
| Plan period | Until 31 December 2026 (improvement period) |
| Progress against the plan | Annual update |
| Non-financial targets | Indicator name Tradable share ratio / Target value 25％ / Timing Through 31 December 2026 |
| Plan assumptions | The number of tradable shares is low at 1,150,851 as of the reference date, and supplying a large number of shares to the market over a short period would have a significant adverse impact on share price formation. |
| Key initiatives | Sale of shares held by directors through off-auction trades, block trades and other transactions, Encouraging employees to exercise the stock options granted to them, Continuing to hold briefings for institutional and individual investors, and regularly conducting small meetings with institutional investors, Continuing IR activities, including briefings for individual investors |
| Results under the previous plan | Listing maintenance criterion: 25% → As of 31 December 2025: 21.2% |
| Reason for revision or withdrawal | The number of tradable shares is low at 1,150,851, and supplying a large number of shares to the market over a short period to improve the tradable share ratio would have a significant adverse impact on share price formation, which remains a challenge. |
| Risks identified | Adverse impact on share price formation from supplying a large number of shares to the market over a short period, Designation as a Security Under Supervision (Confirmation) if compliance cannot be confirmed by 31 December 2026, Designation as a Security to Be Delisted and delisting on 1 July 2027 if compliance with the tradable share ratio criterion cannot be confirmed |
| Publication date | 27 March 2026 |
Items this document does not state (15)
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 targetSize 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 explained that, because the number of tradable shares is low at 1,150,851, supplying a large number of shares to the market over a short period would have a significant adverse impact on share price formation. Accordingly, improving the ratio over a short period remains a challenge.
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.