TOKYO, May 29 (Pulse News Wire) – Bewith,inc. (9216.T) received notification from the Tokyo Stock Exchange that its shares would be designated as quasi-suspension candidates effective June 1, 2026.
The designation stems from failing to meet the listing maintenance criteria related to the total market value of freely tradable shares during the improvement period. Specifically, the company's total market value of freely tradable shares did not reach the required level based on the average closing price over three months ending May 31, 2026. According to the company’s calculations, the average closing price was ¥1,839. Assuming this price remains consistent with the number of outstanding shares as of May 31, 2025, the total market value would be ¥11.07 billion. Despite this, the company believes it meets the necessary standards for continued listing.
As per the regulations, the quasi-suspension candidate status applies until the Tokyo Stock Exchange determines whether the delisting criteria are met. The company plans to submit a report detailing the distribution of securities based on the shareholder registry as of May 31, 2026, in early June. Should the review find non-compliance, the stock could face suspension and potential delisting by December 1, 2026. In the meantime, the company maintains confidence in meeting the listing requirements based on recent share price trends and the current state of its circulating shares. However, the company acknowledges that future outcomes depend on various factors and cannot guarantee precise results.
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