Transfers to 1st section

Transfers to 1st section

Update : Apr. 18, 2008
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As of end of March 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
  1. Number of tradable shares: 20,000 units or more
  2. Market capitalization of tradable shares: ¥2 billion or more
  3. 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.