TSE News

Entry into Grace Period pertaining to Reassignment to the 2nd Section from the 1st Section -SUNCITY CO.,LTD-

Update : Apr. 05, 2011

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[Tokyo Stock Exchange, Inc.]

The following issue has entered a grace period pertaining to reassignment to the 2nd Section from the 1st Section.

1. Issue Name SUNCITY CO.,LTD stocks
(Code: 8910, Market: 1st Section)
2. Grace Period From Apr. 01, 2011 (Fri.) to Jun. 30, 2012 (Sat.) (1 year and 3 months)

However, in the case where the business improvement report is not submitted by Dec. 31, 2011 (Sat.), a period from Apr. 01, 2011 (Fri.) to Dec. 31, 2011 (Sat.) (9 months).
3. Reason Due to the market capitalization on Mar. 2011 being less than the required amount (JPY 1.2 billion) prescribed in the criteria for reassignment to the 2nd Section from the 1st Section. (Securities Listing Regulations Rule 311, Paragraph 1, Item 4)

(Note)
1. Of the criteria for reassignment to the 2nd Section from the 1st Section and the delisting criteria, the handling of the criteria pertaining to the required value of market capitalization shall be revised between Jan. 2009 and Dec. 2011, and such value shall be applied.
2. In light of the effect of the Great East Japan Earthquake which occurred on Mar. 11, 2011, where listed companies which, thereafter, fall under the criteria for reassignment to the 2nd Section from the 1st Section or the delisting criteria are, due to the disaster, unable to submit documents containing description on the current state of business, future developments, improvement of business plan, and other matters deemed necessary by TSE by the original submission deadline (within 3 months from falling under the criteria), such documents may be submitted by Dec. 2011. In such cases, the grace period for reassignment to the 2nd Section from the 1st Section or delisting shall be until the end of Jun. 2012.
3. Both market capitalization at the end of the month and monthly average market capitalization must meet
the required value.

DISCLAIMER: This translation may be used only for reference purposes. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. Tokyo Stock Exchange, Inc., Tokyo Stock Exchange Group, Inc., and/or Tokyo Stock Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, or misunderstanding with regard to this translation.

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