Meeting the free-float ratio requirement for the Tokyo Stock Exchange Prime Market
First written in FY2024. 5 of 11 entries say "Advanced", first in 2026-05-14. Latest entry: 2026-09-28.
The whole theme swung hardest in 2025: 1 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Advanced".
- FY2026WorsenedAnnual report
「As of the end of March 2026, the Company did not meet the Tokyo Stock Exchange Prime Market continued-listing criteria for net assets and the tradable share ratio.」
Regarding the listing maintenance criteria, in addition to falling short of the 20.1% tradable-share ratio requirement, net assets became negative, making it necessary to eliminate the negative net worth by the end of March 2027. - FY2025WorsenedAnnual report
「As of 31 March 2025, the company's ratio of tradable shares was 20.1%, below the Tokyo Stock Exchange Prime Market's continued listing requirement of at least 35%.」
The company remained below the listing maintenance criterion for tradable share ratios and explicitly stated the risk of delisting if it cannot meet the criterion during the special period through the end of March 2028. It also described the possibility of becoming insolvent at the end of the fiscal year ending March 2026 and the requirement to eliminate the deficit by the end of the fiscal year ending March 2027. - FY2024First statedAnnual report
「The company's tradable share ratio does not meet the Tokyo Stock Exchange Prime Market continued listing criterion for the tradable share ratio, which is at least 35%. Because the company entered into a capital alliance agreement with Ichigo Trust and received an investment for the purpose of supporting its business rehabilitation, it has been granted an exception allowing a compliance planning period through the end of March 2028, and is working to meet the criterion within that period.」
The company identified for the first time, as a standalone target and issue, the fact that its 17.3% tradable-share ratio failed to meet the listing maintenance criterion of at least 35%, as well as its plan to achieve compliance by the end of March 2028. It presented reducing Ichigo Trust's shareholding ratio, discussions with the trust and investor outreach as response measures.