Delisting grace period due to negative net worth
First written in FY2023-Q1. 2 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2022: 2 of 9 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Net assets at the end of the current consolidated fiscal year were ¥149 million, eliminating the negative net worth.」
The negative net worth that caused the delisting grace period was eliminated, with consolidated net assets reaching ¥149 million at the end of the fiscal year. - FY2023-Q3RestatedAnnual report
「Accordingly, if the negative net worth is not eliminated during the grace period ending 31 March 2024, the Company's shares will be delisted.」
The Company has reconfirmed the delisting grace period resulting from negative net worth and the delisting risk if the negative net worth is not eliminated by 31 March 2024. - FY2023-Q2RestatedAnnual report
「Accordingly, if the negative net worth is not eliminated during the grace period ending 31 March 2024, the Company's shares will be delisted.」
The Company has reconfirmed the delisting grace period resulting from negative net worth and the delisting risk if the negative net worth is not eliminated by 31 March 2024. - FY2023-Q1MaterialisedAnnual report
「Because the Company was in a state of negative net worth, its shares became subject to a grace period for delisting under Article 604-2, Paragraph 1, Item 3 of the Securities Listing Regulations as amended before 4 April 2022, based on the securities report for the fiscal year ended March 2022 submitted on 29 August 2022. Accordingly, if the negative net worth is not eliminated during the grace period ending 31 March 2024, the Company's shares will be delisted.」
The Company has, for the first time, disclosed that its shares became subject to a delisting grace period because of negative net worth, explicitly stating the delisting risk if the negative net worth is not eliminated by 31 March 2024.