Non-Compliance with the Tokyo Stock Exchange Growth Market’s Net Assets Requirement and Delisting Risk
First written in FY2026-H1. 5 of 6 entries say "Mitigated", first in 2026-05-13. Latest entry: 2026-06-23.
The whole theme swung hardest in 2022: 1 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- 2026-06-23MitigatedManagement PlanningSuggests it is closing out
「We have confirmed that, as of the end of March 2026, the company complied with the Growth Market listing maintenance requirements, and hereby announce this as follows.」
The company formally confirmed compliance as of the end of March 2026 with the Growth Market net asset requirement, which it had failed to meet at the end of March 2025, along with the associated delisting risk. - FY2026MitigatedAnnual report
「Total net assets at the end of the current fiscal year increased by ¥1,828 million from the end of the previous fiscal year to ¥1,134 million.」
Although the Company had failed to meet the Growth Market's net assets requirement in the previous fiscal year, net assets were positive at ¥1,134 million at the end of the current fiscal year. However, no explicit confirmation was found that the Company had returned to compliance with the listing maintenance criteria. - FY2026-H1MaterialisedAnnual report
「As of 31 March 2025, the Company failed to meet the listing maintenance criteria for the Tokyo Stock Exchange Growth Market, specifically the net assets requirement, and remains non-compliant with those criteria. In principle, the Company will be delisted if it fails to eliminate its negative net worth by the end of March 2026 and does not meet the listing maintenance criteria.」
The Company failed to meet the Growth Market's net assets requirement as of 31 March 2025, and remained non-compliant at the end of the interim period. In principle, it is required to eliminate its negative net worth by the end of March 2026, and the risk of delisting if it fails to meet the requirement was explicitly disclosed.