Nearing the formal requirement for free-float market capitalization
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2023: 3 of 15 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「As of the date of submission of this report, 31 October 2023, the estimated free-float market capitalization is close to the formal requirement set by the exchange. To continue meeting the exchange’s formal requirements, the company intends to expand its free-float market capitalization by continuously increasing corporate value in line with its management policies and strategies and by considering capital policies. However, fluctuations in the company’s share price or other circumstances could cause its free-float market capitalization to fall below the exchange’s formal requirement.」
The risk that the Tokyo Stock Exchange free-float market capitalization could approach the formal requirement, and the policy of addressing this through improvements in corporate value and capital policies, have been reaffirmed. - FY2022First statedAnnual report
「As of the date of submission of this report, 26 October 2022, the estimated free-float market capitalization is close to the formal requirement set by the exchange. To continue meeting the exchange’s formal requirements, the company intends to expand its free-float market capitalization by continuously increasing corporate value in line with its management policies and strategies and by considering capital policies. However, fluctuations in the company’s share price or other circumstances could cause its free-float market capitalization to fall below the exchange’s formal requirement.」
Regarding continued listing on the Tokyo Stock Exchange Growth Market, the company newly identifies as a risk that its free-float market capitalization is close to the formal requirement and could fall below it.