Completion of Filing of the Annual Securities Report for the Fiscal Year Ended December 2025, Decision to Delist the Company's Shares and Designation as Securities to Be Delisted
V-cube,Inc.
The Company's shares (Code: 3681; market segment: Prime Market)
The Company did not meet the listing maintenance criteria for net assets for the fiscal year ended December 2024 and remained non-compliant with the listing maintenance criteria as of 31 December 2025, the end of the improvement period. In addition, it was unable to file the Annual Securities Report for the fiscal year ended December 2025 by the filing deadline of 31 March 2026.
Related procedures
Decision to Delist and Designation as Securities to Be Delisted
Tokyo Stock Exchange, Inc.
The consolidated financial results for the fiscal year ended December 2025 are unchanged from the corrected earnings summary disclosed on 30 April 2026.
Subject to the execution of a definitive agreement with 株式会社日本革新投資 (J-INC), the Company plans to submit the matter to an extraordinary general meeting of shareholders scheduled for June 2026, conduct a third-party allotment to an SPC established by J-INC, and subsequently make the Company a wholly owned subsidiary of the SPC through a share consolidation, thereby taking the Company private. The final trading date on the Tokyo Stock Exchange is scheduled to be 25 June 2026, and the delisting date is scheduled to be 26 June 2026.
| Item | Details |
|---|---|
| Event name | Completion of Filing of the Annual Securities Report for the Fiscal Year Ended December 2025, Decision to Delist the Company's Shares and Designation as Securities to Be Delisted |
| Date of occurrence | 30 April 2026 |
| Date recognized / date notice received | 30 April 2026 |
| Subject Entity | V-cube,Inc. |
| Target Locations / Products | The Company's shares (Code: 3681; market segment: Prime Market) |
| Cause | The Company did not meet the listing maintenance criteria for net assets for the fiscal year ended December 2024 and remained non-compliant with the listing maintenance criteria as of 31 December 2025, the end of the improvement period. In addition, it was unable to file the Annual Securities Report for the fiscal year ended December 2025 by the filing deadline of 31 March 2026. |
| Impact on Earnings Forecast | The consolidated financial results for the fiscal year ended December 2025 are unchanged from the corrected earnings summary disclosed on 30 April 2026. |
| Type of litigation or proceeding | Decision to Delist and Designation as Securities to Be Delisted |
| Court or authority | Tokyo Stock Exchange, Inc. |
| Date of filing / date of action | 30 April 2026 |
| Outlook | Subject to the execution of a definitive agreement with 株式会社日本革新投資 (J-INC), the Company plans to submit the matter to an extraordinary general meeting of shareholders scheduled for June 2026, conduct a third-party allotment to an SPC established by J-INC, and subsequently make the Company a wholly owned subsidiary of the SPC through a share consolidation, thereby taking the Company private. The final trading date on the Tokyo Stock Exchange is scheduled to be 25 June 2026, and the delisting date is scheduled to be 26 June 2026. |
Items this document does not state (14)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company did not meet the listing maintenance criteria for net assets for the fiscal year ended December 2024 and remained non-compliant as of 31 December 2025, the end of the improvement period. In addition, it was unable to file the Annual Securities Report for the fiscal year ended December 2025 by the filing deadline of 31 March 2026.