Risk of Delisting Due to Negative Net Worth
First written in FY2023-Q2. 5 of 8 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 1 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Based on the Company’s calculations, we have also confirmed compliance with the listing maintenance criteria relating to the market capitalization of tradable shares.」
The Company states that, as a result of initiatives based on the plan, its calculations confirmed compliance with the listing maintenance criterion for the market capitalization of tradable shares. - FY2024MitigatedAnnual report
「To maintain its listing, the Company had applied to the Tokyo Stock Exchange for a review of its business revitalization plan. As of 10 April 2024, the plan was recognized as one that provided for net assets to become positive, and the “Securities Under Supervision (under examination)” designation was lifted as of 11 April 2024.」
Recognition of the business revitalization plan by the Tokyo Stock Exchange and the lifting of the “Securities Under Supervision (under examination)” designation advanced the Company’s response to the risk of delisting. - FY2024-Q3RestatedAnnual report
「If the negative net assets are not eliminated by the end of February 2024, the Company's shares will fall under the Tokyo Stock Exchange's delisting criteria and will be delisted.」
The Company continues to disclose the risk of delisting if the negative net assets cannot be eliminated by the end of February 2024. - FY2024-Q2RestatedAnnual report
「If the negative net assets are not eliminated by the end of February 2024, the Company's shares will fall under the Tokyo Stock Exchange's delisting criteria and will be delisted.」
The Company continues to disclose the risk of delisting if the negative net assets cannot be eliminated by the end of February 2024. - FY2024-Q1RestatedAnnual report
「The Company had negative net assets of ¥876 million in the fiscal year ended February 2022 and entered the grace period for delisting from 1 March 2022 to 29 February 2024. The Company is working to eliminate the negative net assets by implementing various business structure reforms to stabilize its business and financial positions, achieve sustainable improvement in its income and expenses, and consider and pursue various measures to strengthen its capital base. However, if the negative net assets are not eliminated by the end of February 2024, the Company's shares will fall under the Tokyo Stock Exchange's delisting criteria and will be delisted.」
The Company reconfirmed the risk of delisting if the negative net assets could not be eliminated by the end of February 2024, as well as its response policy based on business structure reforms and capital strengthening. - FY2023RestatedAnnual report
「If the negative net assets are not eliminated by the end of February 2024, the Company's shares will fall under the Tokyo Stock Exchange's delisting criteria and will be delisted. If the shares are delisted, the Company may continue its business, but its financing options will be limited, which could have a material impact on its financial position, operating results and cash flows.」
The Company reconfirmed the assumption that the negative net assets would be eliminated by the end of February 2024, as well as the risk of delisting and constraints on financing if they were not eliminated. - FY2023-Q3RestatedAnnual report
「If the negative net assets are not eliminated by the end of February 2024, the Company's shares will fall under the Tokyo Stock Exchange's delisting criteria and will be delisted. If the shares are delisted, the Company may continue its business, but its financing options will be limited, which could have a material impact on its financial position, operating results and cash flows. The Company had negative net assets of ¥876 million at the end of the previous fiscal year and entered the grace period for delisting from 1 March 2022 to 29 February 2024. It is working to eliminate the negative net assets by implementing various business structure reforms to stabilize its business and financial positions, achieve sustainable improvement in its income and expenses, and consider and pursue various measures to strengthen its capital base.」
The Company reconfirmed the risk of delisting if the negative net assets could not be eliminated by the end of February 2024, as well as its response policy based on business structure reforms and capital strengthening. - FY2023-Q2First statedAnnual report
「If the negative net assets are not eliminated by the end of February 2024, the Company's shares will fall under the Tokyo Stock Exchange's delisting criteria and will be delisted. If the shares are delisted, the Company may continue its business, but its financing options will be limited, which could have a material impact on its financial position and operating results.」
Against the backdrop of the negative net assets at the end of the previous fiscal year, the Company disclosed for the first time, as a separate item, the risk of delisting if they were not eliminated by the end of February 2024.