Over 230 Companies Have Less Than 1 Year to Meet TSE Criteria

   Tokyo, April 2 (Jiji Press)--More than 230 companies listed on the Tokyo Stock Exchange have yet to meet the TSE's listing criteria, less than a year before the moratorium period expires.
   Such companies are faced with the choice of continuing efforts to meet the criteria, moving to a different TSE section or going private.
   If they fail to meet the criteria by the deadline, which is the end of March 2026 for those that close their books every March, they would in principle be delisted as early as Oct. 1, 2026.
   In April 2022, the TSE reorganized its four former sections--the first and second sections, Jasdaq and Mothers--into the Prime, Standard and Growth sections. At the time, it allowed listed companies, as a transitional measure, to join sections for which they did not meet the criteria, including the market value and proportion of free-floating shares.
   As of the end of last November, there were 259 companies under the transitional measure: 69 on the Prime section, 143 on the Standard section and 47 on the Growth section. They included food information website operator Gurunavi Inc. and press release distribution service operator PR Times Corp.

(2025/04/02-19:32)

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