Market News
Nov. 10, 2025 TSE Designation of Securities Under Supervision (Confirmation): Forum Engineering Inc.
TSE has designated an issue as a Security Under Supervision (Confirmation) as follows.
| １．Issue Name | Forum Engineering Inc. stock (Code: 7088, Market Segment: Prime Market) |
| ２．Period of Designation as Securities Under Supervision (Confirmation) |
From Nov. 10, 2025 (Mon.) to the day when TSE determines whether the company has fallen under the delisting criteria |
| Reason (Related Clause) |
Due to falling under a case where the board of directors has made a resolution on a reverse stock split with a split ratio at which the number of all the shares owned by shareholders other than a specified party will be less than one share (Enforcement Rules for Securities Listing Regulations, Rule 604, Paragraph 1, Item (24)) |
| ３．Details of Reason | Forum Engineering Inc. (hereinafter "the Company") has today indicated approval of a takeover bid to be made by KJ003 Co., Ltd. (hereinafter "the bidder") for shares of the Company (hereinafter "the shares"), which may result in the delisting of the shares. As part of the procedures for delisting after the completion of the bidder’s takeover bid, the bidder intends to request that the Company submit to the general shareholders meeting a proposal for a share consolidation. Under this proposal, all shares held by shareholders other than specified entities would be consolidated into fractional shares of less than one whole share. (Note: The share consolidation proposal shall be implemented on the condition that, following the shareholders meeting, a separate takeover bid by the Company for its own shares is completed successfully.) The shares of the Company will be delisted if the proposal is approved and the Company’s takeover bid for its own shares is completed. Accordingly, TSE deems that the shares are likely to be delisted and designates the shares as Securities Under Supervision (Confirmation). |
Designation History of Securities Under Supervision & Securities to Be Delisted
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