Market News
Jan. 25, 2024 TSE Designation of Securities Under Supervision (Confirmation): Taka-Q Co.,Ltd.
TSE has designated an issue as Securities Under Supervision (Confirmation) as follows.
| １．Issue Name | Taka-Q Co.,Ltd. stock (Code:8166, Market Segment: Standard Market) |
| ２．Period of Designation as Securities Under Supervision (Confirmation) | From Jan. 25, 2024 (Thu.) to the day when TSE determines whether the company has fallen under the delisting criteria |
| Reason (Related Clause) |
Due to the likelihood that a company whose revitalization is supported by the Regional Economy Vitalization Corporation of Japan (REVIC) will not meet the continued listing criteria within the improvement period (Enforcement Rules for Securities Listing Regulations, Rule 719, Paragraph 5, Item 1, b) |
| ３．Details of Reason | Taka-Q Co., Ltd. (hereinafter referred to as "the Company"), which had a negative net worth as of the end of its fiscal year ended Feb. 2022 and is currently in an improvement period pursuant to the delisting criteria and lasting from Mar. 1, 2022 to Feb. 29, 2024 (see Notes) as a result, disclosed today that REVIC had decided to support its revitalization and that the Company did not expect to meet the continued listing criteria within said improvement period. Since the Company's stock will be delisted if the Company does not meet the continued listing criteria within said improvement period, TSE has deemed that said stock is likely to be delisted and designated it as a Security Under Supervision (Confirmation) accordingly. Please note that the Company has a plan to regain a positive net worth through the revitalization of its business based on REVIC's decision to extend it support. If said plan conforms to the restructuring plan prescribed in Rule 501, Paragraph 9 of the Enforcement Rules for Securities Listing Regulations as applied in Rule 719, Paragraph 4 of the same rules, the Company submits said plan along with the documents prescribed in Item 1, d. and Item 2 of the same paragraph, and TSE deems said plan is adequate, TSE will examine whether the Company meets the continued listing criteria. Then, if deemed appropriate to do so, TSE will consider the improvement period pursuant to the delisting criteria to be the "period deemed appropriate by TSE" based on the Company's restructuring plan and de-designate the Company's stock as a Security Under Supervision (Confirmation). |
- ･In accordance with Article 2, Paragraph 9 of the Supplementary Provisions of the Securities Listing Regulations revised on April 4, 2022, TSE treats the Company's stock as if it were in the improvement period pursuant to the delisting criteria of its new market segment from the day it entered the grace period.
In addition, although the Company had a negative net worth as of the end of its fiscal year ended February 2022, it was deemed to be due to the impact of the COVID-19 outbreak. Accordingly, the improvement period was extended to two years.
Designation History of Securities Under Supervision & Securities to Be Delisted
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