Funai Soken Holdings Incorporated [9757.T]
TOKYO, Jun 05 (Pulse News Wire) – Funai Soken Holdings Incorporated (9757.T) announced today that its subsidiary, Funai Sozoku Kenkyujo Co., Ltd., has obtained the S-Adviser qualification from the Sapporo Securities Exchange Association for the upcoming Sapporo PRO Frontier Market scheduled to launch. This move aligns with the group’s purpose of fostering sustainable growth among mid-sized and small enterprises through comprehensive management consulting services.
By securing the S-Adviser status, Funai Sozoku Kenkyujo aims to offer integrated support for companies seeking initial public offerings (IPOs). The subsidiary has previously held qualifications for similar roles in other markets since 2018, including the J-Adviser role in the TOKYO PRO Market and F-Adviser role in the Fukuoka PRO Market. The S-Adviser role involves conducting due diligence checks for companies aspiring to list on the Sapporo PRO Frontier Market and providing guidance post-listing to ensure compliance with regulatory requirements. The service will be managed by the IPO Support Department within Funai Sozoku Kenkyujo, which was established on November 28, 2013, with a capital of ¥3 billion.
The department operates out of the Yaesu Central Tower in Tokyo. Funai Soken anticipates that this initiative will contribute positively to the company's long-term performance and value. However, the impact on the current fiscal period is expected to be minor. Any significant developments related to this matter will be disclosed promptly.
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