Listing

Transfers to 1st Section

Update : Jul. 16, 2013

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As of May 10, 2012

Criteria Securities Listing Regulations
(Formal Requirment)
(1) Number of Shareholders
(As of the day of assignment)
2,200 or more
(2) Tradable Shares
(As of the day of assignment)
  1. Number of tradable shares: 20,000 units or more
  2. Market capitalization of tradable shares: 2 billion yen or more
  3. Ratio of tradable shares to listed shares: 35% or more
(3) Trading Volume The average monthly trading volume for each of the last three (3) months and the preceding three (3) months shall be at least 200 units
(4) Market Capitalization
(As of the day of assignment)
4 billion yen or more
(5) Amount of net assets
(As of the day of assignment)
1 billion yen or more
(6) Amount of profits or market capitalization
(The following a. or b. must be satisfied.)
a. The total amount of profits in the last two (2) years shall be at least 500 million yen;

b. The market capitalization of the listing company shall be at least 50 billion yen excluding cases where sales for the last year are less than 10 billion yen
(7) False statement or adverse opinion, etc. a. A listed company makes no false statement in the securities report, etc. which contains or makes reference to financial statements, etc. for each business year or each consolidated accounting year or quarterly financial statements, etc. for a quarterly accounting period in each business year or for a quarterly consolidated accounting period in each consolidated accounting year which ended in the last five (5) years;

b. The audit report of a listed company attached to financial statements, etc. for each
business year or each consolidated accounting year and a quarterly review report of the listed company attached to quarterly financial statements, etc. for a quarterly counting period in each business year or for a consolidated quarterly accounting period in each consolidated accounting year which ended in the last five (5) years contain an "unqualified opinion", a "qualified opinion with exceptions", "an unqualified conclusion" or a "qualified conclusion with exceptions" of certified public accountants or an audit firm; provided;

c. The listed company shall not fall under the following (a) and (b):
(a) The internal control report pertaining to a business year ending in the last year
contains the fact that "appraisal results cannot be provided"; and
(b) The internal control audit report regarding an internal control report pertaining to a business year ending in the last year contains the fact that "opinions are not
expressed"

For more details, please refer to the following webpage:

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