Mar. 14, 2017 TSE
Designation of Securities Under Supervision (Examination): TOSHIBA CORPORATION
TSE has designated an issue as Securities Under Supervision (Examination) as follows.
| １．Issue Name |
TOSHIBA CORPORATION stock
(Code: 6502, Market Division: 1st Section) |
| ２．Period of Designation of Securities Under Supervision (Examination) |
From Mar. 15, 2017 (Wed.) to the day when TSE determines whether the company has fallen under the delisting criteria |
| Provision |
Enforcement Rules for Securities Listing Regulations, Rule 605, Paragraph 1, Item 14-3
(Due to the company being deemed likely to fall under a case where the Exchange deems that the internal management system, etc. of the listed company has not been improved on the basis of the written confirmation of the internal management system resubmitted by said listed company) |
| ３．Reason |
TOSHIBA CORPORATION (hereinafter "the Company") disclosed an investigation report of the Independent Investigation Committee concerning inappropriate accounting processing on Jul. 20, 2015 and disclosed corrections to past earnings reports, etc. on Sep. 8, 2015. Then, TSE deemed that improvement of the internal management system, etc. of the Company was highly necessary and designated the Company's stock as Securities on Alert on Sep. 15, 2015.
On Mar. 15, 2017, one (1) year and six (6) months will have elapsed since said designation, and the Company will resubmit a written confirmation of internal management system at a later date. If the internal management system, etc. of the Company is deemed to not have been improved based on TSE’s review of the aforementioned written confirmation, etc., a decision will be made to delist the Company's stock. As such, TSE designates the stock as Securities Under Supervision (Examination). |
- Note that the reason for designating the stock as Securities Under Supervision (Examination) is not the Company’s failure to submit its third quarterly report for the fiscal year ending Mar. 2017 by today.
DISCLAIMER: This translation may be used for reference purposes only. 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. This translation is subject to change without notice. Tokyo Stock Exchange, Inc. and/or Japan Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or changes with regard to this translation.
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