Fibergate, Inc. (JP:9450) has released an update.
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Fibergate Inc. acknowledges its failure to meet the Tokyo Stock Exchange’s Prime Market listing criteria regarding market capitalization as of June 2024 but plans to comply by June 2025, driven by a strategy involving Wi-Fi expansion and becoming an On-Premise Infrastructure Integrator. The company’s medium-term plan focuses on increasing corporate value through cross-selling in home use, acquiring high-margin projects in business use, and expanding into the renewable energy sector. These efforts are part of a broader initiative to address the shortcoming in market capitalization by enhancing growth in contracted houses and advancing sales strategies in target industries.
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