Decision and Details
Tokyo Stock Exchange, Inc.Designation of the Company's Shares as Securities Under Supervision (Examination Pending)
Because compliance with the free-float market capitalization criterion and the free-float ratio criterion had not been confirmed at the end of the improvement period, and an application to change the market segment to the Tokyo Stock Exchange Standard Market is pending.
The disclosure states that the company had an operating loss of ¥271 million, an ordinary loss of ¥340 million, a quarterly net loss attributable to owners of the parent of ¥768 million, and negative net worth of ¥276 million. The impact on business performance resulting from the designation as Securities Under Supervision is Not disclosed.
| Item | Details |
|---|---|
| Matter Covered | Designation of the Company's Shares as Securities Under Supervision (Examination Pending) |
| Decision-Making Body | Tokyo Stock Exchange, Inc. |
| Decision Date | 30 September 2026 |
| Implementation Date | Effective 1 October 2026 (scheduled designation date) |
| Amount | Operating loss of ¥271 million, ordinary loss of ¥340 million, quarterly net loss attributable to owners of the parent of ¥768 million, and negative net worth of ¥276 million. The amount of the listing agreement penalty is Not disclosed. |
| Quantity / scale | Non-compliance with the free-float market capitalization criterion and the free-float ratio criterion |
| Impact on Business Performance | The disclosure states that the company had an operating loss of ¥271 million, an ordinary loss of ¥340 million, a quarterly net loss attributable to owners of the parent of ¥768 million, and negative net worth of ¥276 million. The impact on business performance resulting from the designation as Securities Under Supervision is Not disclosed. |
| Reason | Because compliance with the free-float market capitalization criterion and the free-float ratio criterion had not been confirmed at the end of the improvement period, and an application to change the market segment to the Tokyo Stock Exchange Standard Market is pending. |
| Related previous disclosures | 14 November 2025: “Plan for Compliance with Listing Maintenance Criteria (Free-Float Market Capitalization Criterion and Free-Float Ratio Criterion) (Entering Improvement Period)”; announced 18 September 2026: “Summary of Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending September 2026”; dated 29 September 2026: “Notice Regarding the Tokyo Stock Exchange’s Designation as Securities on Alert and Collection of a Listing Agreement Penalty”; dated 30 September 2026: “Notice Regarding the Formulation of Recurrence Prevention Measures (Detailed Version)” |
| Future plans | The company will continue the application process to change the market segment. If approval is obtained, the designation as Securities Under Supervision (Examination) will be lifted. To have the designation as Securities on Alert lifted, the company plans to formulate an improvement plan and submit an “Improvement Plan and Status Report” to the Tokyo Stock Exchange. The specific submission schedule will be disclosed once determined. |
Items this document does not state (2)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Because compliance with the free-float market capitalization criterion and the free-float ratio criterion had not been confirmed at the end of the improvement period. In addition, an application to change the market segment to the Tokyo Stock Exchange Standard Market is pending.