TOKYO, Apr 14 (Pulse News Wire) – Aqualine Ltd. (6173.T) reported progress toward meeting listing standards as of the fiscal year ending February 2026.
In its previous disclosure dated May 29, 2025, the company acknowledged non-compliance with certain criteria set by the Tokyo Stock Exchange due to negative net assets and insufficient circulating stock value as of February 2025. To address the issue, Aqualine implemented several equity financing measures throughout 2025 and early 2026, issuing new shares worth ¥650 million and exercising subscription rights totaling ¥70 million. Additionally, the company executed further share issuances and exercised subscription rights up to ¥295 million as detailed in subsequent disclosures. By February 28, 2026, the company's net asset value stood at ¥131 million, indicating potential compliance with the net asset requirement.
However, final confirmation will depend on the filing of the semi-annual report by May 31, 2026. Regarding circulating stock value, Aqualine focused on strengthening its financial foundation and enhancing corporate value through cost optimization efforts and increased investor relations activities. As a result, the circulating stock value reached ¥984 million as of February 28, 2026, meeting the necessary threshold. Looking ahead, Aqualine remains committed to maintaining listing standards, recognizing their importance in building trust and demonstrating governance quality.
The company plans to disclose further details on its strategy to meet price-to-book ratio requirements by the end of May 2026.
🟢 Confidence: High AI-translated content.