Delisting Grace Period and Delisting Risk Due to Negative Net Worth
First written in FY2021. 3 of 7 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2022: 1 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2026DroppedAnnual report
「Our group is listed on the Growth Market of the Tokyo Stock Exchange.」
The risks of a grace period for delisting and delisting due to negative net worth, which had been disclosed in previous fiscal years, are not identified in the risk disclosures in this filing. Following the elimination of negative net worth, compliance with the Growth Market's market-capitalisation criteria is identified as a new listing-related issue. - FY2024-Q2RestatedAnnual report
「Our group had negative net worth in the fiscal year ended June 2021 and was subject to a grace period for delisting that ran through 31 March 2023. However, net assets became positive in the fiscal year ended March 2023 and negative net worth was eliminated. Accordingly, effective 30 June 2023, the company was removed from designation under the delisting criteria of the Tokyo Stock Exchange and Fukuoka Stock Exchange.」
The filing continues to state that the risk has been reduced as a result of the company being removed from designation under the delisting criteria following the elimination of negative net worth. - FY2023-Q4MitigatedAnnual report
「Our group had negative net worth in the fiscal year ended June 2021 and was subject to a grace period for delisting that ran through 31 March 2023. However, net assets became positive in the fiscal year ended March 2023 and negative net worth was eliminated. Accordingly, effective 30 June 2023, the company was removed from designation under the delisting criteria of the Tokyo Stock Exchange and Fukuoka Stock Exchange.」
Eliminating negative net worth removed the company from designation under the delisting criteria of the Tokyo Stock Exchange and Fukuoka Stock Exchange, substantially reducing the risk associated with the grace period for delisting. - FY2023-Q2MitigatedAnnual report
「Negative net worth of ¥144.911 million continued as of the end of the third quarter of the current consolidated fiscal year.」
Negative net worth relevant to the grace period for delisting decreased substantially from ¥5.602419 billion at the end of the previous fiscal year to ¥144.911 million. The challenge of eliminating negative net worth to maintain the listing remains. - FY2023-Q1MitigatedAnnual report
「Negative net worth of ¥406.612 million continued as of the end of the second quarter of the current consolidated fiscal year.」
Negative net worth relevant to the grace period for delisting decreased from more than ¥5.6 billion at the end of the previous fiscal year to approximately ¥406.61 million. However, negative net worth itself remains, and the challenge of eliminating it to maintain the listing continues. - FY2022-Q2Specification of the grace-period deadlineAnnual report
「If approved at the extraordinary general meeting of shareholders, the grace period for delisting based on negative net worth is scheduled to run through 31 March 2023, the end of the fiscal year after the change.」
The deadline for the grace period for delisting if the change to the fiscal year-end is approved has been specified as 31 March 2023. - FY2021First statedAnnual report
「Our group is expected to be unable to eliminate negative net worth at the end of the current consolidated fiscal year and to become a security subject to a grace period for delisting due to negative net worth under Article 601, Paragraph 1, Item 5 of the Tokyo Stock Exchange Securities Listing Regulations and Article 2-2, Paragraph 1, Item 4 of the Fukuoka Stock Exchange Delisting Criteria for Stocks.」
The company newly identified as a risk the expected entry into a grace period for delisting by the Tokyo Stock Exchange and Fukuoka Stock Exchange due to negative net worth at the end of the fiscal year.