Market News
Feb. 16, 2024 TSE Designation of Securities Under Supervision (Examination): ARDEPRO Co.,Ltd.
TSE has designated an issue as Securities Under Supervision (Examination) as follows.
| １．Issue Name | ARDEPRO Co.,Ltd. stock (Code: 8925, Market Segment: Standard Market) |
| ２．Period of Designation as Securities Under Supervision (Examination) |
From Feb. 15, 2024 (Thu.) to the day when TSE determines whether the company has fallen under the delisting criteria |
| Reason (Related Clause) |
Due to the company being deemed likely to have no possibility of improvement in the internal management system, etc. by the Exchange (Enforcement Rules for Securities Listing Regulations, Rule 604, Paragraph 1, Item (12)) |
| ３．Details of Reason | TSE designated the stock of ARDEPRO Co., Ltd. (hereinafter "the Company") as a Security on Alert (currently "Security on Special Alert") on Nov. 30, 2023. Then, on Dec. 15, 2023, the Company disclosed its policy for formulating an improvement plan for its internal management system, which is required for its de-designation as a Security on Special Alert. Later, on Jan. 18, 2024, the Company disclosed its intention to postpone the plan's formulation and announced a revised schedule for its release. However, on Feb. 15, 2024, the Company has disclosed that it has decided to give up the idea of formulating the improvement plan. In light of the above, Japan Exchange Regulation has decided to examine whether the Company's internal management system can be improved. If, as a result of this examination, it is determined that there is no such possibility, the Company's stock will be delisted. Because of this, TSE has deemed that the Company's stock is likely to be delisted and has designated it as a Security Under Supervision (Examination) while also continuing its designation as a Security on Special Alert. |
Designation History of Securities Under Supervision & Securities to Be Delisted
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