TSE News

Removal of Grace Period pertaining to Reassignment to the 2nd Section from the 1st Section and Delisting - ARRK CORPORATION -

Update : Jun. 27, 2012

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[Tokyo Stock Exchange, Inc.]

The grace period pertaining to reassignment to the 2nd Section from the 1st Section and delisting for the following issue has been removed .

1. Issue Name ARRK CORPORATION stock
(Code: 7873, Market: 1st Section)
2. Reason Due to confirmation that the liabilities in excess of assets have been cleared as of the end of the business year (Mar. 31, 2012) on the consolidated balance sheet in the Securities Report submitted today. The Company is currently under the support of the Enterprise Turnaround Initiative Corporation of Japan (hereinafter referred to as "ETIC").
(Securities Listing Regulations, Rule 311, Paragraph 1, Item 5 applied pursuant to Rule 707, Paragraph 3 of the same regulations, and Securities Listing Regulations, Rule 601, Paragraph 1, Item 5 applied pursuant to Rule 707, Paragraph 4 of the same regulations)

(Note)

  • (*) The Company fell into a state of liabilities in excess of assets in the business year ended Mar. 31, 2011. However, after examining the reconstruction plan based on support by the ETIC announced by the Company on Mar. 31, 2011, TSE deemed said plan as appropriate. As a result, instead of being reassigned to the 2nd Section, the Company entered the grace period pertaining to reassignment to the 2nd Section from the 1st Section.

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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