JOHNAN ACADEMIC PREPARATORY INSTITUTE,INC. [4720.T]
TOKYO, Mar 31 (Pulse News Wire) – Johnan Academic Preparatory Institute,inc. (4720.T) was designated as an observation stock by the Tokyo Stock Exchange effective April 1, 2026.
The designation stems from failing to meet the listing maintenance criteria based on the average closing price of its circulating shares over three months ending March 31, 2025, which stood at ¥679 million. During the improvement period until March 31, 2026, the average closing price rose to ¥287, but the company expects its circulating share value to reach ¥1.066 billion by the end of March 2026, meeting the criteria. The company's situation as of March 31, 2025, showed 1,028 shareholders holding 28,282 units with a circulating share value of ¥679 million, falling below the requirement of ¥1 billion.
However, the circulation ratio remained compliant at 25%. Johnan Academic Preparatory Institute plans to submit its equity distribution report by mid-April 2026 to the Tokyo Stock Exchange. Should the review fail, the company’s shares could face delisting on October 1, 2026.
Meanwhile, the firm continues trading on the Sapporo Stock Exchange under different listing standards.
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