Market News
Nov. 28, 2025 TSE Designation of Securities Under Supervision (Examination): PIXEL COMPANYZ INC.
TSE has designated an issue as a Security Under Supervision (Examination) as follows.
| １．Issue Name | PIXEL COMPANYZ INC. stock (Code: 2743, Market Segment: Standard Market) |
| ２．Period of Designation as Securities Under Supervision (Examination) |
From Nov. 27, 2025 (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 fall under a case where the Exchange deems that the company has no possibility of an adequately developed and implemented internal management system, etc. (Enforcement Rules for Securities Listing Regulations, Rule 604, Paragraph 1, Item (12)) |
| ３．Details of Reason | PIXEL COMPANYZ INC. (hereinafter “the Company”) published “Notice That Disclosure of the Earnings Report for the Third Quarter of the Fiscal Year Ending Dec. 2025 Will Be More Than 45 Days From the End of the Quarter”* on Nov. 14, 2025 and “Notice Regarding Resignation of Certified Public Accountant and Appointment of Temporary Accounting Auditor”* on Nov. 20. Later, on Nov. 27, the Company disclosed the circumstances behind the postponement of disclosure of the earnings report and the resignation of the certified public accountant in “(Correction) Notice of Partial Correction to “Notice That Disclosure of the Earnings Report for the Third Quarter of the Fiscal Year Ending Dec. 2025 Will Be More Than 45 Days From the End of the Quarter””* and “(Correction) Notice of Partial Correction to “Notice Regarding Resignation of Certified Public Accountant and Appointment of Temporary Accounting Auditor.””* (*These disclosures available only in Japanese) This disclosure revealed the following facts: - The Company’s management had prepared the earnings report for the third quarter of the fiscal year ending Dec. 2025, and on Nov. 14, had received a “disclaimer of conclusion” from the accounting auditor in the Interim Review Report. Despite this, they postponed disclosure of the financial results without making this fact clear in the disclosure. - Among the reasons for postponement of disclosure, “not being able to receive an appropriate audit” was given as the Company’s view, but despite having been requested by the accounting auditor to take into account the view of the accounting auditor in its disclosure, the Company did not adequately explain the circumstances behind the accounting auditor’s resignation or their opinion. - The occurrence of these kinds of problems and the Company’s failure to make timely and appropriate disclosure, despite ten months having passed since its designation as a Security on Special Alert, suggests that serious issues requiring improvement still remain in the Company’s internal management system, etc. In light of the above, Japan Exchange Regulation has decided to examine whether the Company's internal management system is likely to be adequately developed and implemented. 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. |
Current Designations of Securities Under Supervision & Securities to Be Delisted
Designation History of Securities Under Supervision & Securities to Be Delisted
Designation History of Securities Under Supervision & Securities to Be Delisted
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