Plan for Compliance with the Listing Maintenance Criteria for
the New Market Segment
Stock Code: :3968
Segue Group Co., Ltd.
December 29, 2021
Opinions and forecasts contained in this material are based on our judgments at the time the materials were prepared, and we do not guarantee the accuracy of the information.
Actual results may differ materially from the forward-looking statement due to changes in various factors.
Our current status as of the transition record date
Among the listing maintenance criteria for the Prime Market, we did not meet the criteria of the
"Market capitalization of tradable shares" as of the transition record date (June 30, 2021)
Criteria | Prime Market | Our Company | Compliance |
status | |||
Market capitalization of | 10 billion yen or more | 6.76 billion yen | × |
tradable shares | |||
Number of shareholders | 800 or more | 2,925 | ○ |
Number of tradable shares | 20,000 units or more | 54,707 units | ○ |
Ratio of tradable shares | 35% or more | 47.3% | ○ |
Trading value (daily | 20 million yen or more | 150 million yen | ○ |
average) | |||
*The figures shown above are based on the "Results of the initial assessment on compliance with the listing criteria for the Prime Market of new market segment" received from the Tokyo Stock Exchange, Inc. as of July 9, 2021.
© Segue Group Co.,Ltd. All rights reserved. | 2 |
Basic policy and planned schedule
Basic Policy
In order to satisfy the standard for the Market capitalization of tradable shares,
we will accelerate business growth and work to increase corporate value to increase market capitalization.
At the same time, we are working to increase the ratio of tradable shares, aiming to further improve the Market capitalization of tradable shares.
Planned schedule
Our new medium-term targets are net sales of 17 billion yen, operating income of 1.2 billion yen, net income of 0.8 billion yen, and EPS of 69 yen for FY12/24,
and we will take various measures to meet the standards.
© Segue Group Co.,Ltd. All rights reserved. | 3 |
Medium-term numerical targets to meet the criteria
Forecasts for FY12/21 (revised on November 11, 2021)
Net sales | Operating income | Net income | ||||||||
12.3 | 0.57 | 0.44 | ||||||||
billion yen | billion yen | billion yen |
Targets for FY12/24
Net sales | Operating income | Net income | ||||||||
17 billion yen | 1.2 billion yen | 0.8 billion yen | ||||||||
*The sales target for FY12/24 is the figures after applying the Accounting Standard for Revenue Recognition, etc.
© Segue Group Co.,Ltd. All rights reserved. | 4 |
Estimates of theoretical stock price and market capitalization of tradable shares
Estimating the theoretical stock price using EPS based on the medium-term target figure of 0.8 billion yen in net income for FY12/24 and the Company's average PER of 23.6 times after 2019 as the assumed value, the stock price would be 1,630 yen. As a result, the Market capitalization of tradable shares will reach 10.59 billion yen.
EPS | PER | Theoretical | Tradable shares | Market | ||||
stock price | *1 | capitalization of | ||||||
tradable shares | ||||||||
69.1 yen | × | 23.6x | = | 1,630 yen | × | 65 thousand units | = | 10.59 billion yen |
*1 This is the target value for FY12/24. The decrease in the number of tradable shares due to the acquisition of treasury stock is not taken into account.
Reference: Average PER since 2019
列1 | 2019 | 2020 | 2021 | 2021 | 2019- |
1H | Q3 | ||||
Our company | 22.8x | 27.8x | 23.5x | 15.9x | 23.6x |
Industry average | 27.1x | 30.2x | 32.0x | 27.3x | 29.1x |
(Information and | |||||
Communication) | |||||
*2 Our average P/E ratio is calculated based on daily figures, and the industry average is calculated by referring to the Japan Exchange Group and other statistical materials.
© Segue Group Co.,Ltd. All rights reserved. | 5 |
This is an excerpt of the original content. To continue reading it, access the original document here.