Compliance with continued listing criteria following the removal of the going concern note; listing on another exchange
First written in FY2026-H1. 1 of 3 entries say "Restated". Latest entry: 2026-05-29.
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- 2026-05-29SoftenedManagement planning
「On 13 December 2021, the Company submitted and disclosed a plan for compliance with the continued-listing criteria under the new market classification. As the Company remained non-compliant with the continued-listing criteria as of 28 February 2026, it has prepared the following information on the progress of the plan and related matters.」
While non-compliance with the continued-listing criteria continued, the plan and improvement periods for the market capitalization and ratio of tradable shares were extended from the end of March 2026 to the end of February 2027 due to the change in the fiscal year-end. Withdrawal or achievement of the targets was not indicated. - FY2026RestatedAnnual report
「We will continue to promote the measures described above and work to improve profitability and strengthen our financial position. However, these improvement measures and related actions are still being implemented, and significant uncertainty regarding the going-concern assumption is recognised at present.」
Regarding the objective of complying with the listing maintenance criteria and pursuing a listing on another exchange on the condition that the note concerning the going-concern assumption is removed, significant uncertainty remained during the current fiscal year, and the note has not yet been removed. - FY2026-H1First statedAnnual report
「We recognized that removing the note concerning the going-concern assumption was necessary to comply with the TSE's listing maintenance criteria and to pursue a listing on another domestic exchange. By changing the fiscal year-end (the last day of the fiscal year) to the last day of February, the improvement period for achieving compliance with the TSE's listing maintenance criteria, which currently ends on 31 March 2026, will end on 28 February 2027, allowing more time to take measures toward removing the note. Accordingly, we changed the fiscal year-end (the last day of the fiscal year) to the last day of February.」
The fiscal year-end was changed to secure an improvement period through 28 February 2027, with the removal of the note concerning the going-concern assumption positioned as a necessary condition for compliance with the TSE's listing maintenance criteria and for pursuing a listing on another domestic exchange.