Share Liquidity Risk Due to Failure to Meet Listing Maintenance Criteria
First written in FY2023. 1 of 2 entries say "Softened", first in FY2024. Latest entry: FY2024.
Sakura Rubber moved to the "Worse" side of this theme in 2024.
0 other companies' latest entry also says "Softened".
- FY2024SoftenedAnnual report
「As of the record date of 31 March 2024, the Company did not meet the continued-listing criterion for the tradable share ratio.」
Of the tradable share market capitalization and tradable share ratio, both of which were below the criteria in the previous fiscal year, only the tradable share ratio is identified as a non-compliant item in the current fiscal year. - FY2023First statedAnnual report
「As of the record date of 31 March 2023, the Company did not meet the continued-listing criteria for tradable share market capitalization or tradable share ratio. As stated in “II. Business Situation, 1. Management Policy, Business Environment and Issues to Be Addressed, (2) Business Environment and Issues to Be Addressed,” the Company is working to meet the continued-listing criteria based on its “Plan for Compliance with the Continued-Listing Criteria.” However, if the plan is delayed due to external factors, this could affect the share price, share liquidity and financial condition.」
The Company disclosed for the first time that tradable share market capitalization and the tradable share ratio failed to meet the continued-listing criteria, and that delays in the compliance plan could affect the share price, share liquidity and financial condition.