Update : May 10, 2012
Not applicable.
Not applicable.
Not applicable.
Of the reassignment criteria to the 2nd Section from the 1st Section and the delisting criteria, TSE partially revised the handling of the criteria pertaining to market capitalization and market capitalization of tradable shares as well as applied such criteria from the end of Jan. 2009 to the end of Dec. 2011. However, in light of current market conditions, TSE shall extend the implementation period of such measures until the end of Dec. 2012.
Not applicable.
Not applicable.
Not applicable.
| Code | 3827 |
| Grace Period | From Jan. 01, 2012 (Sun.) to Dec. 31, 2012 (Mon.) |
| Reason | Due to the market capitalization of tradable shares on Dec. 31, 2011 being less than JPY 150 million |
In light of the effects of the Great East Japan Earthquake which occurred on Mar. 11, 2011, TSE will handle cases of listed companies which, thereafter, fall under the criteria for reassignment to the 2nd Section from the 1st Section (criteria for market capitalization) or the delisting criteria (criteria for market capitalization and criteria for stock price on Mothers) as follows.
| Classification | Provision |
| Criteria for Market Capitalization | Rule 311, Paragraph 1, Item 4 of the Securities Listing Regulations (Reassignment Criteria) |
| Criteria for Market Capitalization | Rule 601, Paragraph 1, Item 4, Sub-item a of the Securities Listing Regulations (Delisting Criteria) |
| Criteria for Market Capitalization | Rule 603, Paragraph 1, Item 5, Sub-item a of the Securities Listing Regulations (Delisting Criteria) |
| Criteria for Stock Price on Mothers | Rule 603, Paragraph 1, Item 5-2 of the Securities Listing Regulations (Delisting Criteria) |
Of the reassignment criteria to the 2nd Section from the 1st Section and the delisting criteria, TSE partially revised the handling of the criteria pertaining to market capitalization and market capitalization of tradable shares as well as applied such criteria from the end of Jan. 2009 to the end of Dec. 2011. However, in light of current market conditions, TSE shall extend the implementation period of such measures until the end of Dec. 2012.
| Reassignment Criteria from the 1st Section to the 2nd Section | Criteria before revision | Criteria after revision (by the end of Dec. 2012) |
| Criteria for Market Capitalization | Less than JPY 2 billion | Less than JPY 1.2 billion |
| Criteria for Market Capitalization of Tradable Shares | Less than JPY 1 billion | Less than JPY 600 million |
| Delisting Criteria for Main Market (1st / 2nd Section) | Criteria before revision | Criteria after revision (by the end of Dec. 2012) |
| Criteria for Market Capitalization | Less than JPY 1 billion | Less than JPY 600 million |
| Criteria for Market Capitalization of Tradable Shares | Less than JPY 500 million | Less than JPY 300 million |
| Delisting Criteria for Mothers | Criteria before revision | Criteria after revision (by the end of Dec. 2012) |
| Criteria for Market Capitalization | Less than JPY 500 million | Less than JPY 300 million |
| Criteria for Market Capitalization of Tradable Shares | Less than JPY 250 million | Less than JPY 150 million |
In cases where an event that TSE deems inappropriate to continue the application of the "Criteria after revision" occurs, TSE may stop applying such criteria before the end of Dec. 2012 or revise the contents.
Not applicable.
Not applicable.
| Code | 3772 |
| Period Specified in the Criteria | In cases where the company submits documents containing description on the current state of business, future developments, improvement of a business plan, and other matters deemed necessary by TSE by Jul. 31, 2012, the grace period for delisting shall be from May 01, 2012 to Jan. 31, 2013 (from May 01, 2012 to Jul. 31, 2012 in cases where the company is unable to submit such documents). The stock shall be delisted when the monthly average market capitalization and month-end market capitalization do not reach the required value during the period. |
| Reason | Due to the market capitalization on Apr. 2012 being less than JPY 300 million |
Not applicable.
Not applicable.
In light of the effects of the Great East Japan Earthquake which occurred on Mar. 11, 2011, TSE will handle cases of listed companies which, thereafter, fall under the criteria for reassignment to the 2nd Section from the 1st Section (criteria on market capitalization) or the delisting criteria (criteria for market capitalization and criteria for stock price on Mothers) as follows.
Not applicable.
(Note 1) The examination applies to companies listed on Mothers on or after Nov. 09, 2009.
(Note 2) "Public offering price at new listing" is modified based on the effects of stock splits, gratis allotment of shares, reverse stock splits and other acts.
| Code | 7873 |
| Grace Period | From Apr. 01, 2011 (Fri.) to Mar. 31, 2012 (Sat.) |
| Reason | The company had fallen into liabilities in excess of assets and is currently under the support of Enterprise Turnaround Initiative Corporation of Japan (hereinafter referred to as "ETIC"). After examining the reconstruction plan based on such support by ETIC announced by the company on Mar. 31, 2011, TSE deemed said plan as appropriate. |
| Code | 6336 |
| Grace Period | From Feb. 01, 2012 (Wed.) to Jan. 31, 2013 (Thu.) |
| Reason | Due to confirmation of liabilities in excess of assets as of the end of the business year |
| Code | 5964 |
| Grace Period |
From Apr. 01, 2011 (Fri.) to Mar. 31, 2013 (Sun.) *The grace period until delisting has been extended from 1 year to 2 years for listed companies which fell into liabilities in excess of assets at the end of the business year in which special losses caused by the Great East Japan Earthquake on Mar. 11, 2011 occurred. |
| Reason | Due to confirmation of liabilities in excess of assets as of the end of the business year |
| Code | 7873 |
| Grace Period |
From Apr. 01, 2011 (Fri.) to Mar. 31, 2012 (Sat.) *If the company remains in a state of liabilities in excess of assets on Mar. 31, 2012, and plans to come out of this state under the support of ETIC by Mar. 31, 2013, the grace period for delisting will end on Mar. 31, 2013. |
| Reason | Due to confirmation of liabilities in excess of assets as of the end of the business year |
| Code | 3372 |
| Grace Period |
From Dec. 01, 2011 (Thu.) to Mar. 31, 2013 (Sun.) (Note) In a general shareholders meeting held on Feb. 24, 2012, the company reached a resolution to change the end of the account settlement period from Nov. 30 to Mar. 31. |
| Reason | Due to confirmation of liabilities in excess of assets as of the end of the business year |
| Code | 7853 |
| Grace Period | From Oct. 01, 2011 (Sat.) to Sep. 30, 2012 (Sun.) |
| Reason | Due to confirmation of liabilities in excess of assets as of the end of the business year |
| Code | 3856 |
| Grace Period |
From Jul. 01, 2011 (Fri.) to Jun. 30, 2012 (Sat.) |
| Reason | Due to confirmation of liabilities in excess of assets as of the end of the business year |
| Code | 3827 |
| Grace Period | From Jan. 01, 2012 (Sun.) to Dec. 31, 2012 (Mon.) |
| Reason | Due to confirmation of liabilities in excess of assets as of the end of the business year |
(Note) TSE publicizes whether the state of liabilities in excess of assets is resolved based on the descriptions in a securities report to be submitted after the expiration of the grace period.
Not applicable.