Market News
Jun. 30, 2021 TSE Decision on Delisting, etc.: ONKYO HOME ENTERTAINMENT CORPORATION
TSE has decided on delisting and designation as Securities to Be Delisted as follows.
１．Delisting and Designation as Securities to Be Delisted
| （１）Issue Name | ONKYO HOME ENTERTAINMENT CORPORATION stock (Code: 6628, Market Division: JASDAQ Standard) |
| （２）Period of Designation as Securities to Be Delisted | From Jun. 30, 2021 (Wed.) to Jul. 31, 2021 (Sat.) |
| （３）Delisting Date | Aug. 1, 2021 (Sun.) (Note) In cases where circumstances in which the company should be promptly delisted occur, TSE may change the period of designation as Securities to Be Delisted and the delisting date. |
| （４）Provision | Securities Listing Regulations, Rule 604-2, Paragraph 1, Item (3) (pursuant to Rule 601, Paragraph 1, Item (5) of the same regulations) |
| （５）Reason | ONKYO HOME ENTERTAINMENT CORPORATION (hereinafter "the Company") had liabilities in excess of assets as of the end of the fiscal year ended Mar. 2020, and the liabilities in excess of assets were not cleared within the year. |
- ･The main clause of Rule 601, Paragraph 1, Item (5) of the Securities Listing Regulations that Rule 604-2, Paragraph 1, Item (3) of the same regulations refers to stipulates that "where a listed company has liabilities in excess of assets as of the end of the business year (excluding cases specified by the Enforcement Rules) and the liabilities in excess of assets is not cleared within a year", the listed domestic stock issued by said listed company shall be delisted.
TSE usually determines whether or not the liabilities in excess of assets was cleared, in principle based on an audited consolidated balance sheet. However, as of today, the Company has received approval to extend the deadline for submitting securities reports for the fiscal year ended Mar. 2021, and therefore, instead of referring to its balance sheet, TSE has decided on the delisting based on a notification and disclosure made by the Company today that it had liabilities in excess of assets as of the end of Mar. 2021. Please note that the consolidated balance sheet (unaudited) attached to the consolidated earnings report (Japanese Accounting Standards) disclosed by the Company on May 20, 2021 clarified that the Company's liabilities in excess of assets was not cleared.
2. Treatment as Securities in Lieu of Money
The stock of the same company will be excluded from securities in lieu of money for the following items from Jul. 01, 2021 (Thu.) inclusive.
- Customer margin for margin trading and when-issued transactions
- Trading margin for when-issued transactions
- Trading participant security money
- Participant bond
Designation History of Securities Under Supervision & Securities to Be Delisted
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