Compliance with the Prime Market Listing Maintenance Criteria
First written in FY2022-Q3. 1 of 2 entries say "Reframed", first in FY2024-Q2. Latest entry: FY2024-Q2.
Cominix moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 13 of 59 companies on the "Worse" side.
24 other companies' latest entry also says "Reframed".
- FY2024-Q2ReframedAnnual report
「After comprehensively considering the risk of delisting following the end of the transitional measures that could arise if the Company continued to be listed on the Prime Market without meeting its continued-listing criteria, as well as shareholder interests, the Company submitted an application to select the Standard Market to the Tokyo Stock Exchange dated 15 September 2023, and its market segment changed to the Standard Market on 20 October 2023.」
The policy changed from the previous plan to meet the Prime Market's continued listing criteria to a policy of selecting the Standard Market, citing reasons including the avoidance of delisting risk. - FY2022-Q3First statedAnnual report
「Although the Company has selected the Prime Market, it did not meet the Free-Float Market Capitalization or Average Daily Trading Value requirements among the continued listing criteria as of the transition reference date, 30 June 2021. Accordingly, on 28 December 2021, the Company submitted the Plan for Meeting the Continued Listing Criteria for the New Market Segments and stated that it would pursue initiatives to meet the continued listing criteria by the end of the fiscal year ending March 2026, the fourth year of the new medium-term management plan (FY74-FY78).」
The Company disclosed that, although it had selected the Prime Market, it did not meet the requirements for free-float market capitalization and average daily trading value, and first described the submission of a plan and initiatives to meet them by the end of the fiscal year ending March 2026.