Market News
May 30, 2025 TSE Entry into Grace Period pertaining to not being a Substantial Surviving Company due to Merger, etc.: CUMICA CORPORATION
An issue enters the grace period pertaining to not being a substantial surviving company due to a merger, etc. as follows.
| １．Issue Name | CUMICA CORPORATION stock (Code: 8887, Market Segment: Standard Market) |
| ２．Grace Period pertaining to not being a substantial surviving company |
From Jun. 1, 2025 (Sun.) to May 31, 2029 (Thu.) |
| Reason (Related Clause) |
Due to falling under a case where TSE deems that a listed company is not a substantial surviving company (Securities Listing Regulations, Rule 601, Paragraph 1, Item (5), a.) |
| ３．Details of Reason | CUMICA CORPORATION (hereinafter "the Company") is scheduled to change its trade name to SYLA Holdings Co.,Ltd. as of Jun. 1, 2025 and will make SYLA Technologies Co., Ltd. (unlisted) its wholly-owned subsidiary as of Jun. 1, 2025 through a stock swap. In the event that such stock swap is conducted, TSE has deemed that the Company will not be a substantial surviving company. Therefore, the stock of the Company will enter a grace period from the effective date of the stock swap. |
(Note) If the Company is deemed to satisfy criteria equivalent to the initial listing criteria during the grace period, the
grace period will be removed, and the stock of the Company will continue to be listed.
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