Failure to meet delisting criteria
First written in FY2019-Q1. 1 of 2 entries say "Mitigated", first in FY2019-Q2. Latest entry: FY2019-Q2.
2 other companies' latest entry also says "Mitigated".
- FY2019-Q2MitigatedAnnual report
「The monthly average market capitalization and month-end market capitalization of the company's shares fell below ¥1 billion in November 2018. Article 601, Paragraph 1, Item 4(a) of the Tokyo Stock Exchange Securities Listing Regulations provides that a company will be delisted if, within 9 months, its monthly average market capitalization and month-end market capitalization do not reach at least ¥1 billion in every month. This period is 3 months if the company does not submit to the Tokyo Stock Exchange, within 3 months, a document describing the current state of its business, future developments, improvements to its business plan and other matters deemed necessary by the Tokyo Stock Exchange. As of the date of submission of this report, the situation had been resolved.」
The company stated that the breach of the market capitalization requirement that occurred in November 2018 had been resolved as of the date of submission. - FY2019-Q1First statedAnnual report
「The monthly average market capitalization and month-end market capitalization of the company's shares fell below ¥1 billion in November 2018. Article 601, Paragraph 1, Item 4(a) of the Tokyo Stock Exchange Securities Listing Regulations provides that a company will be delisted if, within 9 months, its monthly average market capitalization and month-end market capitalization do not reach at least ¥1 billion in every month. This period is 3 months if the company does not submit to the Tokyo Stock Exchange, within 3 months, a document describing the current state of its business, future developments, improvements to its business plan and other matters deemed necessary by the Tokyo Stock Exchange.」
The monthly average market capitalization and month-end market capitalization fell below ¥1 billion in November 2018, and the company disclosed as a new risk the possibility of delisting if the market capitalization requirements were not met within a specified period.