Market News
Sep. 27, 2024 TSE Designation of Securities Under Supervision (Examination): TOKYO KOKI CO.LTD.
TSE has designated an issue as a Security Under Supervision (Examination) as follows.
| １．Issue Name | TOKYO KOKI CO.LTD. stock (Code: 7719, Market Segment: Standard Market) |
| ２．Period of Designation as Securities Under Supervision (Examination) |
From Sep. 30, 2024 (Mon.) 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 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* (Enforcement Rules for Securities Listing Regulations, Rule 604, Paragraph 1, Item (12)) |
| ３．Details of Reason | TOKYO KOKI CO.LTD. (hereinafter "the Company") disclosed an investigation report of the third party committee concerning inappropriate accounting processing on Mar. 3, 2023 and disclosed corrections to financial results for past fiscal years on Mar. 8, 2023. 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 (currently "Security on Special Alert") on Mar. 30, 2023. On Sep. 30, 2024, 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). |
- Since the Company's stock was designated as a Security on Alert before the implementation date of "Partial Revisions to the Securities Listing Regulations and Other Rules in Response to Revisions to the Rules for Securities on Alert in Order to Improve the Effectiveness of Listed Companies' Improvements to Their Internal Management Systems" (Jan. 15, 2024), the Company is deemed likely to fall under Rule 601, Paragraph 1, Item 9 before the revisions has been applied pursuant to the provision of Paragraph 4 of the Supplementary Provisions of the Securities Listing Regulations revised on Jan. 15, 2024.
Designation History of Securities Under Supervision & Securities to Be Delisted
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