Update : Apr. 18, 2008
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Criteria
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A company must meet criteria (1)-(5), (8), and also criteria (6) or (7)
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(1)Number of Shareholders
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2,200 or more
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(2)Tradable Shares
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- 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
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(3)Average Monthly Trading Volume
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For both the last 3 months and the 3 months preceding that period: 200 units or more for each period
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(4)Market Capitalization of Shares Listed
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¥ 4 billion or more
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(5)Shareholders' Equity
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¥ 1 billion or more
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(6)Pre-tax Profit
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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
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(7)Market Capitalization
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¥100 billion or more, except for when sales for the immediately preceding year is less than ¥10 billion.
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(8)False Statements or Unfair Representations
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- 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.
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