Risk of delisting due to designation as a Security on Special Alert
First written in FY2022-Q2. 4 of 6 entries say "Mitigated", first in FY2022. Latest entry: FY2023.
0 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「The designation as a Security on Alert was lifted effective 20 May 2023. The Company will continue to implement the improvement plan, evaluate its compliance and internal management systems, and pursue further improvements and strengthening, with all officers and employees working together.」
While the risk of delisting associated with designation as a Security on Alert has declined following the lifting of that designation, the company will continue implementing and evaluating its improvement plan. - FY2023-Q3MitigatedAnnual report
「The Company's shares had been designated by the Tokyo Stock Exchange as a Security on Alert since April 2022. However, because the Company implemented measures to prevent recurrence as planned and advanced initiatives to improve its internal control system and other systems, with no problems recognized in those systems, the designation as a Security on Alert was lifted effective 20 May 2023. The Company will continue to implement the improvement plan, evaluate its compliance and internal management systems, and pursue further improvements and strengthening, with all officers and employees working together.」
The designation as a Security on Alert was lifted, reducing the risk of delisting premised on the continuation of the designation. At the same time, the Company stated that it would continue implementing the improvement plan and evaluating its internal management system. - FY2023-Q2MitigatedAnnual report
「To address the identified issues with our internal management system, we implemented as planned the measures to prevent recurrence described in the Improvement Plan and Improvement Status Report attached to the Notice Regarding the Progress of Measures to Prevent Recurrence announced on 16 March 2022, before the designation as a Security on Alert, and to the Notice Regarding Publication of the Improvement Plan and Improvement Status Report announced on 20 May 2022, following the designation. Believing that our initiatives to improve the internal management system have achieved a certain degree of results, we submitted an Internal Management System Confirmation Report to the Tokyo Stock Exchange on 3 April 2023. The Tokyo Stock Exchange is expected to conduct confirmation and review procedures following receipt of the report. We will respond appropriately and aim to have the designation as a Security on Alert lifted.」
Implementation of the improvement measures and submission of the Internal Management System Confirmation Report advanced the procedures toward lifting the designation. The lifting of the designation and avoidance of delisting had not yet been reported. - FY2022MitigatedAnnual report
「At present, no items are behind schedule in terms of their response dates from the dates originally set for completion of individual actions under the improvement plan. Going forward, all officers and employees will work together to restore trust by steadily implementing the improvement plan to prevent recurrence and continuously carrying out measures to strengthen the internal management system, with the aim of having the designation as a Security on Alert lifted.」
Although the risk of delisting continues, it was stated that no individual actions under the improvement plan are delayed and that amendments to regulations, reviews of business processes and training are being implemented. - FY2022-Q3RestatedAnnual report
「As of 31 March 2022, the Company's shares had been designated by the Tokyo Stock Exchange as a Security on Alert as described below, creating a risk of delisting.」
The risk of delisting depending on the designation as a Security on Alert and the status of improvements to the internal management system and other systems continues. - FY2022-Q2First statedAnnual report
「The designation will generally remain in effect for 1 year from 1 April 2022. After 1 year, the Company will submit an Internal Management System Confirmation Report, and the Tokyo Stock Exchange will review the internal management system and other matters. If no problems are recognized, the designation will be lifted. If problems are recognized, the shares will generally be delisted. However, if further improvement is expected, the designation as a Security on Alert will continue and the improvement period will be extended by 6 months.」
Following the Tokyo Stock Exchange's designation as a Security on Alert, the company disclosed for the first time the specific risk that the designation could be lifted or, in principle, the shares could be delisted depending on the submission of the Internal Management System Confirmation Report and the results of the review. The designation itself had occurred, but no delisting had been reported.