Tomoe Corp revises mid-term plan, eyes Prime market entry

Tomoe Corporation (TSE:1921) has announced a revision to its third medium-term management plan, "TOMOE BUILD up 5," citing changes in the business environment since the plan's initial formulation, including rising construction costs, workforce shortages, and project delays. The revised plan maintains a revenue target of JPY40 billion, but adjusts the profit target upwards to JPY4.2 billion. The company noted its progress toward meeting the requirements for the TSE Prime Market, with a current market capitalization of JPY14.96 billion. Tomoe Corporation aims to ensure long-term growth, enhance corporate value, and achieve a price-to-book ratio of 1.0 or higher, prioritizing technological advancement, sustainability, and employee well-being.