Market News
Jan. 07, 2022 TSE Designation of Securities Under Supervision (Examination): DAIICHI COMMODITIES CO.,LTD.
TSE has designated an issue as Securities Under Supervision (Examination) as follows.
| １．Issue Name | DAIICHI COMMODITIES CO.,LTD. stock (Code: 8746, Market Division: JASDAQ Standard) |
| ２．Period of Designation as Securities Under Supervision (Examination) | From Jan. 11, 2022 (Tue.) 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 | DAIICHI COMMODITIES CO.,LTD. (hereinafter "the Company") disclosed an investigation report of the third party committee concerning inappropriate accounting processing on Apr. 30, 2020 and disclosed corrections to financial results for past fiscal years on May. 1, 2020. Then, TSE deemed that improvement of the internal management system, etc. of the Company was highly necessary and designated its stock as a Security on Alert on Jul. 11, 2020. On Jan. 11, 2022, 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 have not been improved based on TSE's review of the aforementioned written confirmation, etc., a decision will be made to delist its stock. As such, TSE designates the stock as Securities Under Supervision (Examination). |
Designation History of Securities Under Supervision & Securities to Be Delisted
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