TOKYO, Mar 26 (Pulse News Wire) – Aqualine Ltd. (6173.T) received notice from the Tokyo Stock Exchange on March 25, confirming its removal from special monitoring status effective March 26.
The company had been designated as a confirmed candidate for special measures since March 1, but now meets the listing maintenance standards based on its efforts to strengthen its financial foundation and improve corporate value. In detail, Aqualine's equity capital reached ¥984.5 million as of February 28, 2026, surpassing the required threshold. However, the company still falls short of meeting the market capitalization requirement of ¥20 billion. As such, Aqualine remains subject to improvement until February 28, 2027, and plans to disclose further steps toward compliance by May 31, 2026.
To bolster its financial position, Aqualine issued new shares totaling 148,900 units and subscription warrants worth 148,900 units on March 26, 2025, with 148,900 units exercised. Additionally, the company issued another tranche of shares amounting to 148,900 units and fully exercised subscription warrants worth 148,900 units on December 22, 2025. Most recently, on February 27, 2026, Aqualine completed the issuance of 148,900 units of new shares. Furthermore, despite expecting continued operating losses through the fiscal year ending February 28, 2026, Aqualine has focused on restructuring existing operations and enhancing corporate value under new management appointed in May 2025.
The company also intensified investor relations activities, engaging actively with institutional and individual investors interested in the firm.
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