Segue : Plan for Compliance with the Listing Maintenance Criteria for the New Market Segment
January 19, 2022 at 03:32 am EST
Share
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.
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.
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.
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Segue Group Co. Ltd. published this content on 19 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 08:31:02 UTC.
Segue Group Co.,Ltd. is a Japan-based holding company mainly engaged in information technology (IT) solutions business. IT solution business is engaged in the provision of design, sale, construction, operation and maintenance services mainly related to IT infrastructure and network security products. It has two kinds of services. Solution product service is engaged in the sale of security products and IT infrastructure products that imported from domestic and overseas manufacturers. It also sells self-owned server-type secure browser SCVX and one-time password authentication single sign-on WisePoint. Main security products include Firewall and VPN, UTM, and Next Generation Firewall. Main IT infrastructure products include Wi-Fi products, routers, Local Area Network (LAN) switches, servers, storage. Solution services provide end users with IT system design and construction services that meet their requirements, and maintenance, repair and replacement services, and help desk services.