Market News
Sep. 25, 2020 TSE Entry into Grace Period pertaining to Delisting: ONKYO CORPORATION
The following issue has entered into a grace period pertaining to delisting.
| １．Issue Name | ONKYO CORPORATION stock (Code: 6628, Market: JASDAQ Standard) |
| ２．Grace Period (Note) | From Apr. 01, 2020 (Wed.) to Mar. 31, 2021 (Wed.) |
| ３．Reason | Due to confirmation of liabilities in excess of assets as of the end of the business year (Mar. 31, 2020) on the consolidated balance sheet in the Securities Report submitted today. (Securities Listing Regulations Rule 604-2, Paragraph 1, Item 3(relevant to Rule 601, Paragraph 1, Item 5, Main Clause of the same regulations)) |
(Note) Considering the impact from the COVID-19 outbreak, Rule 727 of the Securities Listing Regulations (relevant to Rule 725 of the same regulations) was implemented on Apr. 21, 2020 to extend the grace period pertaining to delisting from one year to two years. If the Company announces improvement plans for eliminating liabilities in excess of assets, the grace period for the Company may be extended pursuant to these provisions.
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