Casa : Plan for Compliance with Listing Maintenance Criteria for the New Market Segment

	December 22, 2021
Company Name	Casa Inc.
Representative	President Seigo Miyaji
	(Code number: 7196 TSE First Section)
	Yusuke Takasugi,
Inquiries	Director, General Manager of Business
	Administration Department
	(TEL.[phone])

Plan for Compliance with Listing Maintenance Criteria for the New Market Segment

Casa Inc. has today an application to select the Prime Market regarding the review of the market classification of the Tokyo Stock Exchange, Inc. scheduled for April 2022.

As of the transition record date (June 30, 2021), the Company does not meet the listing maintenance criteria for the relevant market, so the following plans have been prepared for compliance with the listing maintenance criteria for the new market segment.

1. Compliance status and planning period of the listing maintenance criteria

The status of compliance with the listing maintenance criteria of the Prime Market as of the transition record date is as follows, and the market capitalization of tradable shares does not meet the criteria. The Company will proceed with various efforts to meet the listing maintenance criteria by the fiscal year ending January 2025 regarding the market capitalization of tradable shares.

		Number of	Market	Ratio of
		capitalization	Daily average	Market
	Number of	tradable	tradable
	of tradable	trading value	capitalization
	shareholders	shares	shares	shares	(million yen)	(million yen)
		(units)	(million yen)	(%)
Our status
(As of the	-	71,456	6,812	64.4	122	-
transition
reference date)
Listing	-	20,000	10,000	35.0	20	-
maintenance
criteria
Items stated in	-	-	○	-	-	-
the plan

• The conformity status of the Company is calculated based on the distribution status of the Company's stock certificates, etc. that the TSE has grasped as of the record date.

2. Basic policy, issues and initiatives for compliance with listing maintenance criteria

Please refer to "Plan for Compliance with Listing Maintenance Criteria for the New Market Segment".

Casa Inc.

Plan for Compliance with Listing Maintenance Criteria for the New Market Segment

December 22, 2021

Copyright © 2021 Casa Inc.

Conformity status

Compliance with Listing Maintenance Criteria

Prime Market maintenance criteria

Number of tradable	Over 20,000 units
shares
Market	10 billion yen or more
capitalization of
tradable shares
Ratio of tradable	35.0% or more
shares
	Daily average
Trading price
More than 20 million yen

Our figures		judgment result

71,456 units	×
6.8 billion yen

64.4%

122 million yen

Copyright © 2021 Casa Inc.

1

Basic policy for conforming to listing maintenance criteria

Basic policy

Casa Inc. is in the process of formulating a medium-term management plan with the fiscal year ending January 2023 as the first year.

By improving corporate value and obtaining appropriate evaluation in the stock market based on the medium-term management plan, we aim to continuously improve market capitalization.

Current	Medium-term management plan
(February 2022 - January 2025)

Next Medium-Term Management Plan

The fiscal year	The fiscal year	The fiscal year	The fiscal year	The fiscal year
ending January 2021	ending January 2022	ending January 2023	ending January 2024	ending January 2025

The planning period is until the fiscal year ending January 2025, which is the final year of the medium-term management plan.

We will strive to meet the listing maintenance criteria.

* The medium-term management plan is scheduled to be announced when the financial results for the fiscal year ending January 2022 are announced.

Copyright © 2021 Casa Inc.

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Target value for meeting the criteria

Our stock price, which has a market capitalization of tradable shares of 10 billion yen on the transition record date, will be * 1,400 yen.

As a benchmark for the time being, we will set the stock price and consolidated business results for the fiscal year ending January 2020 as target values for satisfying the minimum criteria.

Recent 2 fiscal year stock price trends

1,400 yen

End of January 2020

1,535 yen

The fiscal year ending January 2020 The fiscal year ending January 2021

Consolidated performance target for the fiscal year ending January 2025

Operating profit	Over 1,522 million yen
or more
Ordinary profit	Over 1,577 million yen
or more
Profit attributable to	927 million yen
owners of parent	or more
Payout ratio	30.9%

(Consolidated results for the fiscal year ending January 2020)

• Market capitalization of tradable shares 10 billion yen ÷ Ratio of tradable shares 64.4% = 15.5 billion yen
  15.5 billion yen ÷ Number of listed shares 11,082,700 shares ≒ Stock price 1,400 yen

Copyright © 2021 Casa Inc.

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