Meeting the Continued-Listing Criteria for the Standard Market
First written in FY2022. 1 of 5 entries say "Reframed", first in FY2023. Latest entry: 2026-04-10.
0 other companies' latest entry also says "Achieved".
- 2026-04-10AchievedEarnings
「The Company meets the Standard Market listing maintenance criteria as a result of establishing this trust.」
The Group explicitly stated that it met the listing maintenance criteria as a result of improving its tradable share ratio through the share supply-and-demand buffer trust. - FY2026-H1MitigatedAnnual report
「The Company meets the Standard Market listing maintenance criteria as a result of establishing this trust.」
The Company disclosed that it met the Standard Market listing maintenance criteria through its initiative to improve the tradable share ratio under the Stock Supply-Demand Buffer Trust. - FY2025-Q1RestatedAnnual report
「The Company has selected the Standard Market as its new market segment and is pursuing initiatives to improve its tradable share ratio in order to meet the listing maintenance criteria for that market. Under the Stock Supply-Demand Buffer Trust, the Company is acquiring some of its shares held by shareholders with cross-shareholdings and selling them in the market.」
The Company continues to disclose its initiative to improve the tradable share ratio in order to meet the Standard Market listing maintenance criteria, through sales of shares under the Stock Supply-Demand Buffer Trust. - FY2023ReframedAnnual report
「On 31 March 2023, the Tokyo Stock Exchange, Inc. published “Partial Amendments to the Securities Listing Regulations and Other Regulations Concerning the Treatment of Transitional Measures for Listing Maintenance Criteria.” For the Company, the transitional measures for the listing maintenance criteria will end at the end of February 2026, and the improvement period will end at the end of February 2027. If the Company does not meet the listing maintenance criteria as of the end of February 2027, its shares will be designated as securities subject to delisting, and if it still does not meet the criteria by the end of August 2027, the shares will be delisted.」
In light of the regulatory amendments, the deadlines for meeting the listing maintenance criteria and, in the event of non-compliance, for designation as securities subject to delisting and delisting were specified as the end of February 2027 and the end of August 2027, respectively. - FY2022First statedAnnual report
「The Company selected the Standard Market as its new market segment of the Tokyo Stock Exchange, Inc., effective April 2022. As of the transition reference date, 30 June 2021, the Company did not meet the listing maintenance criterion for tradable share ratio, and therefore submitted a “Plan to Meet the Listing Maintenance Criteria for the New Market Segment” on 24 December 2021. The Company is pursuing various initiatives to meet the listing maintenance criteria by the end of FY2026, including an off-auction distribution conducted on 20 August 2021 and the establishment on 26 May 2022 of the Stock Supply-Demand Buffer Trust® to improve the tradable share ratio. However, if the transitional measures for the Tokyo Stock Exchange, Inc.'s listing maintenance criteria end and the Company fails to meet the criteria, it will be unable to maintain the listing of its shares on the Standard Market, which may adversely affect the share price or liquidity.」
Against the backdrop of the Company failing to meet the tradable share ratio criterion, it aims to achieve compliance by the end of FY2026. The tradable share ratio was 16.7% as of 28 February 2022, compared with the criterion of 25%.