TSE News

Re-request for Improvement Report -KYCOM HOLDINGS CO., LTD.-

Update : Aug. 16, 2013

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[Tokyo Stock Exchange, Inc.]

TSE has re-requested an Improvement Report as follows.

1. Company Name KYCOM HOLDINGS CO., LTD.
(Code: 9685, Market Division: JASDAQ Standard)
2.Improvement Report Resubmission Deadline Aug. 29, 2013 (Thu.)
Provision Securities Listing Regulations, Rule 502, Paragraph 2
(Due to the content of the submitted improvement report being clearly inadequate)
3.Reason KYCOM HOLDINGS CO., LTD. (hereafter "the Company") had disclosed earnings information which required material amendments from the fiscal year ended March 2008 to the third quarter of the fiscal year ended March 2013 due to errors related to the accounting of impairment losses of fixed assets, loss on valuation of investment securities, loss on valuation of affiliates' stocks, costs pertaining to software, and bad debt loss, etc. Based on this, TSE deemed that improvements to the Company’s organizational structure for conducting timely disclosure were highly necessary. As such, on Aug. 1, 2013 (Thu.), TSE requested the Company to submit an improvement report by Aug. 15, 2013 (Thu.).
Although the improvement report was submitted on Aug. 15, 2013, the background of the errors, recognition of issues in timely disclosure, and details of the improvement measures based on such recognition were deemed to be clearly inadequate. As such, TSE has requested the Company to amend the improvement report pursuant to Rule 502, Paragraph 2 of the Securities Listing Regulations and resubmit the amended improvement report by Aug. 29, 2013 (Thu.).
  • (*) The Company disclosed on Aug. 13, 2013 (Tue.) that it is not expected to be able to submit a quarterly report by the statutory

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