Breach of Delisting Criteria and Measures to Maintain the Listing
First written in FY2020-Q1. 2 of 4 entries say "Restated". Latest entry: FY2020.
1 other company's latest entry also says "Restated".
- FY2020RestatedAnnual report
「The company's shares entered the grace period under the Tokyo Stock Exchange's delisting criteria in February 2020, when both the monthly average market capitalization and month-end market capitalization fell below ¥1 billion. However, because both figures were at least ¥1 billion in June 2020, the designation placing the shares in the grace period under the delisting criteria was lifted.」
The Company is reiterating that its market capitalization exceeded the required threshold in June 2020, resulting in the lifting of its designation as being within the grace period applicable to the delisting criteria. - FY2020-Q3RestatedAnnual report
「With the monthly average market capitalisation and month-end market capitalisation in June 2020 reaching ¥1 billion or more, the Company no longer fell under the delisting criteria prescribed by the Tokyo Stock Exchange, and its designation as being within the grace period for the delisting criteria was lifted.」
The company reiterates that the monthly average market capitalization and month-end market capitalization exceeded ¥1 billion in June 2020, resolving the breach of the delisting criteria and lifting the designation for the grace period. - FY2020-Q2MitigatedAnnual report
「With the monthly average market capitalisation and month-end market capitalisation in June 2020 reaching ¥1 billion or more, the Company no longer fell under the delisting criteria prescribed by the Tokyo Stock Exchange, and its designation as being within the grace period for the delisting criteria was lifted.」
The monthly average market capitalization and month-end market capitalization exceeded ¥1 billion in June 2020, eliminating the breach of the delisting criteria and lifting the designation placing the Company in a grace period. - FY2020-Q1First statedAnnual report
「If the monthly average market capitalization or month-end market capitalization of the company's shares falls below ¥1 billion, the company will be in breach of Article 601, paragraph 1, item 4(a) of the Tokyo Stock Exchange Securities Listing Regulations. In that event, if the monthly average market capitalization and month-end market capitalization do not reach at least ¥1 billion within 9 months, the company's shares will be delisted and can no longer be traded on the listing market, resulting in a significant decline in liquidity. However, this period is 3 months if the company does not submit to the Tokyo Stock Exchange within 3 months a document describing the current status of its business, future development, measures to improve its business plan and other matters deemed necessary by the Tokyo Stock Exchange. The monthly average market capitalization and month-end market capitalization of the company's shares fell below ¥1 billion in February 2020, and the company plans to submit the above document to the Tokyo Stock Exchange by the end of May 2020.」
The monthly average market capitalisation and month-end market capitalisation in February 2020 fell below ¥1 billion, resulting in a breach of the delisting criteria. The Company plans to submit a document describing an improvement plan and other matters by the end of May 2020.