Worth reading
68In focus
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Decision and Details
Tokyo Stock Exchange, Inc.Designation of the Company's Shares as Securities Under Supervision (Examination Pending)
Decision31 July 2026
Period CoveredFrom 31 July 2026 until the Tokyo Stock Exchange determines whether the shares meet the delisting criteria
Implementation31 July 2026 (designation commenced; actual)
Going forwardWe will fully cooperate with the examination by the Tokyo Stock Exchange and promptly submit any necessary materials and explanations. In light of facts that may emerge in the future and the results of verification by external experts, we will strive to make timely and appropriate disclosures and will promptly notify stakeholders if any matters requiring disclosure arise.
Reason
Because it is considered likely to fall under circumstances in which the Exchange may determine that the internal management system and other systems are unlikely to be appropriately established or operated.
| Item | Details |
|---|---|
| Matter Covered | Designation of the Company's Shares as Securities Under Supervision (Examination Pending) |
| Decision-Making Body | Tokyo Stock Exchange, Inc. |
| Decision Date | 31 July 2026 |
| Implementation Date | 31 July 2026 (designation commenced; actual) |
| Period Covered | From 31 July 2026 until the Tokyo Stock Exchange determines whether the shares meet the delisting criteria |
| Reason | Because it is considered likely to fall under circumstances in which the Exchange may determine that the internal management system and other systems are unlikely to be appropriately established or operated. |
| Governing Rule | Article 604, paragraph 1, item 12 of the Enforcement Rules of the Securities Listing Regulations; Article 601, paragraph 1, item 9(b) of the Securities Listing Regulations |
| Future plans | We will fully cooperate with the examination by the Tokyo Stock Exchange and promptly submit any necessary materials and explanations. In light of facts that may emerge in the future and the results of verification by external experts, we will strive to make timely and appropriate disclosures and will promptly notify stakeholders if any matters requiring disclosure arise. |
Items this document does not state (4)
AmountQuantity / scaleImpact on Business PerformanceRelated previous disclosures
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 Tokyo Stock Exchange determined that there is a risk that the shares may fall under the category applicable where it recognizes that there is no prospect that the internal control system and other relevant systems will be appropriately developed or operated.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.