Delisting Risk from Designation as a Security on Special Alert
First written in FY2026. 1 of 2 entries say "Mitigated", first in 2026-07-31. Latest entry: 2026-07-31.
The whole theme swung hardest in 2026: 1 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- 2026-07-31MitigatedEarnings presentation materialsSuggests it is closing out
「Aim to have the Security on Alert designation lifted during 2027」
The Company presented the process for submitting the improvement plan and progress report and the internal management structure confirmation report, and set a target of lifting the designation during 2027. The designation had not yet been lifted. - FY2026First statedAnnual report
「On 30 April 2026, the company received notification from the Tokyo Stock Exchange, Inc. that its shares would be designated as a Security on Special Alert effective 1 May 2026 and that an amount would be collected as a penalty for violating the listing agreement. The designation period is, in principle, 1 year from 1 May 2026. After 1 year, the company will submit a Confirmation Letter Regarding the Internal Management System, and the Tokyo Stock Exchange, Inc. will review the internal management system and related matters. If no problems are found with the internal management system, the designation will be lifted. If problems are found, the company will, in principle, be delisted.」
Following inappropriate accounting practices, the company was designated as a Security on Special Alert on 1 May 2026. It has specifically disclosed the risk of delisting if problems are identified in the internal management system review, generally conducted one year later, as well as the possibility that the designation may continue for up to 3 fiscal years.