TSE News

Expansion of daily price limits (preliminary notice)- KAWAMURA CYCLE CO., LTD.

Update : Apr. 27, 2011

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[Tokyo Stock Exchange, Inc.]

The trading conditions of KAWAMURA CYCLE CO., LTD. (Code: 7311) on the TSE market today and on the previous day have fallen under the following (1) or (2) for two consecutive days. TSE wishes to bring to your attention that if the trading condition of the issue continues to fall under (1) or (2) on the next business day (April 28), TSE will expand only its upper daily price limit.

(1) The upper daily price limit is reached and trading volume is 0 without conducting allocation at the upper daily price limit
(2) Trading volume remains at 0 shares until the end of the afternoon session, trades are executed at the upper daily price limit at the close of the afternoon session with bids remaining at the upper daily price limit.

(Note) Other listed markets: None

(Reference) Criteria for expansion of daily price limits
The daily price limits will be expanded on the following business day if either of the following conditions is met for three consecutive business days.
(1) The upper (or lower) daily price limit is reached and trading volume is 0 without conducting allocation at the upper (or lower) daily price limit
(2) Trading volume remains at 0 shares until the end of the afternoon session, trades are executed at the upper (or lower) daily price limit at the close of the afternoon session with bids (or offers) remaining at the upper (or lower) daily price limit.

TSE will return the daily price limits to normal when there is a trade executed at a price other than the limit price that was subject to expansion.

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.

Contact

Tokyo Stock Exchange, Inc.
Equities Department
Tel: +81-3-3666-0141

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