Listing

Transfers to 1st Section

Update : Apr. 18, 2008

Criteria	A company must meet criteria (1)-(5), (8), and also criteria (6) or (7)
(1)Number of Shareholders	2,200 or more
(2)Tradable Shares	Number of tradable shares: 20,000 units or more Market capitalization of tradable shares: ¥2 billion or more Ratio of tradable shares to listed shares: 35% or more
(3)Average Monthly Trading Volume	For both the last 3 months and the 3 months preceding that period: 200 units or more for each period
(4)Market Capitalization of Shares Listed	¥ 4 billion or more
(5)Shareholders' Equity	¥ 1 billion or more
(6)Pre-tax Profit	Either (a or b) Annual total for each of the last two years: First year: ¥100 million or more, and Second (last) year: ¥400 million or more Annual total for each of the last three years: First year: ¥100 million or more, Third (last) year: ¥400 million yen or more, and total for the three years: ¥600 million or more
(7)Market Capitalization	¥100 billion or more, except for when sales for the immediately preceding year is less than ¥10 billion.
(8)False Statements or Unfair Representations	There should be no false statements in the applicant's securities reports for the 5 most recent fiscal years. The opinion given by a certified public accountant in the audit reports should be 'fair' for the 5 most recent fiscal years.