Status of issues which have entered a grace period, etc.

List of Issues in a Grace Period, etc.

Update : Mar. 28, 2014

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Issues which are likely to enter a grace period due to ceasing to be a substantial surviving company due to a merger, etc.

Issues in a grace period due to ceasing to be a substantial surviving company due to a merger, etc.

Issues in a grace period pertaining to the criteria for the number of shareholders

1st Section: Reassignment to the 2nd Section (pertaining to Rule 311, Paragraph 1, Item 1 of the Securities Listing Regulations)

Not applicable.

1st / 2nd Section: Delisting (pertaining to Rule 601, Paragraph 1, Item 1 of the Securities Listing Regulations)

Not applicable.

Mothers: Delisting (pertaining to Rule 603, Paragraph 1, Item 1 of the Securities Listing Regulations)

Not applicable.

Issues in a grace period pertaining to the criteria for the number of tradable shares, etc.

Notice

Removal of Partial Revision to Criteria for Market Capitalization, etc. pertaining to Listed Stocks

With regard to the criteria for reassignment to the 2nd Section from the 1st Section and the delisting criteria, TSE implemented partial revisions to the criteria for market capitalization and market capitalization of tradable shares.
The revisions were implemented at the end of Jan. 2009 following the rapid deterioration of overall stock market conditions. However, in light of the current stock market conditions, TSE shall apply the revisions until the end of Mar. 2014 and start to apply the pre-revision criteria with effect from Apr. 01, 2014.

1st Section: Reassignment to the 2nd Section (pertaining to Rule 311, Paragraph 1, Item 2 of the Securities Listing Regulations)

Not applicable.

1st / 2nd Section: Delisting (pertaining to Rule 601, Paragraph 1, Item 2 of the Securities Listing Regulations)

Not applicable.

Mothers: Delisting (pertaining to Rule 603, Paragraph 1, Item 2 of the Securities Listing Regulations)

Not applicable.

Mothers (Foreign Stocks): Delisting (pertaining to Rule 604, Paragraph 1, Item 1 of the Securities Listing Regulations (relevant to Rule 603, Paragraph 1, Item 2, Sub-item b of the same regulations))

Not applicable.

Issues in a grace period pertaining to the criteria for market capitalization

Notice

Removal of Partial Revision to Criteria for Market Capitalization, etc. pertaining to Listed Stocks

With regard to the criteria for reassignment to the 2nd Section from the 1st Section and the delisting criteria, TSE implemented partial revisions to the criteria for market capitalization and market capitalization of tradable shares.
The revisions were implemented at the end of Jan. 2009 following the rapid deterioration of overall stock market conditions. However, in light of the current stock market conditions, TSE shall apply the revisions until the end of Mar. 2014 and start to apply the pre-revision criteria with effect from Apr. 01, 2014.

Reassignment Criteria from the 1st Section to the 2nd Section Before
(Criteria applied until Mar. 2014)
After
(Criteria applied from Apr. 2014 onward)
Criteria for Market Capitalization Less than JPY 1.2 billion Less than JPY 2 billion
Criteria for Market Capitalization of Tradable Shares Less than JPY 600 million Less than JPY 1 billion
Delisting Criteria for Main Markets (1st / 2nd Sections) Before
(Criteria applied until Mar. 2014)
After
(Criteria applied from Apr. 2014 onward)
Criteria for Market Capitalization Less than JPY 600 million
(Less than JPY 300 million for those listed only on OSE)
Less than JPY 1 billion
(Less than JPY 500 million for those listed only on OSE)
Criteria for Market Capitalization of Tradable Shares Less than JPY 300 million
(Less than JPY 150 million for those listed only on OSE)
Less than JPY 500 million
(Less than JPY 250 million for those listed only on OSE)
Delisting Criteria for Mothers Before
(Criteria applied until Mar. 2014)
After
(Criteria applied from Apr. 2014 onward)
Criteria for Market Capitalization Less than JPY 300 million Less than JPY 500 million
Criteria for Market Capitalization of Tradable Shares Less than JPY 150 million Less than JPY 250 million
Delisting Criteria for JASDAQ Before
(Criteria applied until Mar. 2014)
After
(Criteria applied from Apr. 2014 onward)
Criteria for Market Capitalization of Tradable Shares Less than JPY 150 million Less than JPY 250 million
(Note)

In cases of being in the grace period pertaining to the criteria for reassignment or delisting due to falling under the criteria before the removal of the revisions, for removal of the grace period in or after Apr. 2014, such company shall be required to satisfy the criteria after the removal of the revisions.

1st Section: Reassignment to the 2nd Section (pertaining to Rule 311, Paragraph 1, Item 4 of the Securities Listing Regulations)

Not applicable.

1st / 2nd Section: Delisting (pertaining to Rule 601, Paragraph 1, Item 4 of the Securities Listing Regulations)

Not applicable.

Mothers: Delisting (pertaining to Rule 603, Paragraph 1, Item 5 of the Securities Listing Regulations)

Not applicable.

Mothers (Foreign Stocks): Delisting (pertaining to Rule 604, Paragraph 1, Item 1of the Securities Listing Regulations (relevant to Rule 603, Paragraph 1, Item 5, Sub-item a))

Not applicable.

Two-yen criterion: Delisting (pertaining to Rule 601, Paragraph 1, Item 4, Sub-item b / Rule 603, Paragraph 1, Item 5, Sub-item b of the Securities Listing Regulations)

Not applicable.

Issues in a grace period pertaining to the criteria for stock price on Mothers

Mothers: Delisting (pertaining to Rule 603, Paragraph 1, Item 5-2 of the Securities Listing Regulations)

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.

Issues in a grace period pertaining to the criteria for liabilities in excess of assets

1st Section: Reassignment to the 2nd Section (pertaining to Rule 707, Paragraph 3 of the Securities Listing Regulations)

NAKAYAMA STEEL WORKS,LTD.

Code 5408
Grace Period From Apr. 01, 2013 (Mon.) to Mar. 31, 2014 (Mon.)
Reason Due to confirmation of liabilities in excess of assets as of the end of the business year
※TSE confirmed in the consolidated balance sheet in the Securities Report submitted by the Company that the Company had fallen into liabilities in excess of assets as of the end of the business year (Mar. 31, 2013). However, the Company is currently under the support of Regional Economy Vitalization Corporation of Japan (hereinafter referred to as " REVIC"). After examining the reconstruction plan based on such support by REVIC announced by the Company on Mar. 28, 2013, TSE deemed said plan as appropriate. As a result, instead of being reassigned to the 2nd Section, the Issue enters the grace period pertaining to reassignment to the 2nd Section from the 1st Section.

1st/2nd Section: Delisting (pertaining to Rule 601, Paragraph 1, Item 5 of the Securities Listing Regulations)

NAKAYAMA STEEL WORKS,LTD.

Code 5408
Grace Period From Apr. 01, 2013 (Mon.) to Mar. 31, 2014 (Mon.)
Reason Due to confirmation of liabilities in excess of assets as of the end of the business year

HARAKOSAN CO.,LTD.

Code 8894
Grace Period From Mar. 01, 2013 (Fri.) to Feb. 28, 2014 (Fri.)
Reason Due to confirmation of liabilities in excess of assets as of the end of the business year

Mothers: Delisting (pertaining to Rule 603, Paragraph 1, Item 3 of the Securities Listing Regulations)

YAMATO Ltd.

Code 7853
Grace Period From Oct. 01, 2013 (Tue.) to Sep. 30, 2014 (Tue.)
Reason Due to confirmation of liabilities in excess of assets as of the end of the business year

inspec Inc.

Code 6656
Grace Period From May. 01, 2013 (Wed.) to Apr. 30, 2014 (Wed.)
Reason Due to confirmation of liabilities in excess of assets as of the end of the business year

ecash corporation

Code 3840
Grace Period From Apr. 01, 2013 (Mon.) to Mar. 31, 2014 (Mon.)
Reason Due to confirmation of liabilities in excess of assets as of the end of the business year

Mothers (Foreign Stocks): Delisting (pertaining to Rule 604, Paragraph 1, Item 1 of the Securities Listing Regulations (relevant to Rule 603, Paragraph 1, Item 3 of the same regulations))

Not applicable.

JASDAQ Standard: Delisting (pertaining to Rule 604 - 2, Paragraph 1, Item 3 of the Securities Listing Regulations (relevant to Rule 601, Paragraph 1, Item 5 of the same regulations))

MEGANESUPER CO.,LTD.

Code 3318
Grace Period From May 01, 2013 (Wed.) to Apr. 30, 2014 (Wed.)
Reason Due to confirmation of liabilities in excess of assets as of the end of the business year

Sun Capital Management Corp.

Code 2134
Grace Period From Apr. 01, 2013 (Mon.) to Mar. 31, 2014 (Mon.)
Reason Due to confirmation of liabilities in excess of assets as of the end of the business year

Universal Solution Systems Inc.

Code 3390
Grace Period From Apr. 01, 2013 (Mon.) to Mar. 31, 2014 (Mon.)
Reason Due to confirmation of liabilities in excess of assets as of the end of the business year

JASDAQ Growth: Delisting (pertaining to Rule 604 - 4, Paragraph 1, Item 2 of the Securities Listing Regulations (relevant to Rule 601, Paragraph 1, Item 5 of the same regulations))

IDEA INTERNATIONAL CO.,LTD.

Code 3140
Grace Period From Jul. 01, 2013 (Mon.) to Jun. 30, 2014 (Mon.)
Reason Due to confirmation of liabilities in excess of assets as of the end of the business year

Inspire,Inc.

Code 2724
Grace Period From Apr. 01, 2013 (Mon.) to Mar. 31, 2014 (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.

Issues under market capitalization examination prescribed in the last sentence of Rule 601, Paragraph 1, Item 7 of the Securities Listing Regulations

Not applicable.

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