TOKYO, Mar 31 (Pulse News Wire) – Koyosha INC. (7946.T) announced today that its shares will be designated as a supervisory listing (under review) by the Tokyo Stock Exchange effective April 1, 2026.
The decision was made due to non-compliance with shareholder count and circulating share price total criteria during the improvement period ending. As of March 31, 2025, Koyasha had 386 shareholders, with a circulating share price total of ¥314.612 billion, falling below the required standards set by the Tokyo Stock Exchange. The company's circulating share ratio stood at 25.7%, also failing to meet the minimum requirement of 25%. Koyasha is currently cross-listed on the Tokyo Stock Exchange Standard Market and the Nagoya Stock Exchange Main Shijou.
According to the company’s plan, if the submitted “Distribution Status Report”, does not show compliance with the shareholder count and circulating share price total criteria, the company’s shares could face delisting from the Tokyo Stock Exchange on October 1, 2026. In contrast, the maintenance criteria for the Nagoya Stock Exchange Main Shijou differ from those of the Tokyo Stock Exchange Standard Market. Therefore, should Koyasha meet the Nagoya Stock Exchange Main Shijou criteria as of March 31, 2026, trading of the company’s shares would continue on the Nagoya Stock Exchange Main Shijou. The company conducted a five-for-one stock split effective March 8, 2026, which, if assumed to have occurred, would result in a circulating share count of 10,905 units.
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