Items |
Criteria |
Number of Shareholders |
400 or more |
Number of Tradable Shares |
2,000 units or more |
Tradable Share Market Capitalization |
JPY 1 billion or more |
Years of Business Operation |
The business has operated continuously as a cooperative structured financial institution for three or more years before the date of application. |
Amount of Net Assets |
The amount of net assets is a positive figure. |
Profits |
Profits over the last year are JPY 100 million or more. |
False Statements or Adverse Opinions, etc. |
- No false statements were made in annual securities reports, etc. for the last two years.
- Accounting auditor's opinion on financial statements, etc. for the last two years (excluding that for the last year) was either an "unqualified opinion" or a "qualified opinion with exceptions".
- Accounting auditor's opinion on financial statements, etc. for the last year was, in principle, an "unqualified opinion".
- Preferred equity investment securities pertaining to the initial listing application that are listed on other domestic financial instruments exchanges do not fall under the following (a) and (b):
(a) The internal control report issued in the last year states that "appraisal results cannot be provided"
(b) The internal control audit report issued in the last year states that "opinion is not expressed".
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Audit by a Registered Auditor of Listed Companies |
The financial statements, etc. for the last two years have undergone audit or quarterly review by a registered auditor of listed companies (limited to those which have undergone quality control reviews by The Japanese Institute of Certified Public Accountants). |
Establishment of a Shareholder Services Agent |
Shareholder services have been entrusted to an institution specified as the applicant's shareholder services agent approved by TSE, or an informal consent of undertaking the entrustment of such shareholder services from the shareholder services agent has been received. |
Restriction on Transfer of Preferred Equity Investment Securities |
The applicant institution has no restriction on transferring preferred equity investment securities pertaining to the initial listing application, or no such restriction is expected to be imposed by the time of listing. |
Handling by Designated Book-Entry Transfer Institution |
The applicant institution is subject to the book-entry transfer operation of the designated book-entry transfer institution, or is expected to become so. |
Plans for Mergers, etc. |
The applicant institution does not fall under the following (a) and (b):
- The applicant institution has plans to conduct a merger or company split, make a company a subsidiary or exclude an existing subsidiary from its umbrella, or take over or transfer business, and will cease to remain a substantial surviving company due to these events within two years from the last day of the base business year.
- The applicant institution has plans to conduct a merger through which it becomes a dissolved company, or a share exchange/share transfer through which it becomes a wholly-owned subsidiary of another company, within two years from the last day of the base business year (except where such plans are scheduled to be carried out before the date of listing).
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