Polaris Holdings Co.,Ltd. [3010.T]
TOKYO, Mar 31 (Pulse News Wire) – Polaris Holdings CO.,LTD. (3010.T) was designated as a delisting risk stock ("confirmation pending") by the Tokyo Stock Exchange effective April 1, 2026.
This follows the company's failure to meet the "circulating share ratio" requirement during its improvement period. According to the disclosure, Polaris Holdings reported that Star Asia Group, a major shareholder, had partially transferred some shares to a third party. Based on the company’s calculations, the circulating share ratio would now conform to listing standards at 15%. However, the Tokyo Stock Exchange has yet to confirm this calculation. As of March 25, 2026, the circulating share ratio stood at 15%, falling below the minimum threshold set by the exchange.
The company stated that it expects the Tokyo Stock Exchange to review its updated distribution status report submitted, which should show conformity to the circulating share ratio requirement. Historical data shows that Polaris Holdings' circulating share ratio has fluctuated since 2021, with previous non-conformities noted on March 31, 2023, and March 31, 2024. The latest figures indicate that the company’s circulating share ratio improved to 15% based on internal estimates. In addition, Polaris Holdings confirmed that the partial share transfer by Star Asia Group was previously disclosed through a large-scale transaction report amendment filed on March 27, 2026. The company anticipates that once the Tokyo Stock Exchange reviews the updated distribution status report, the delisting risk designation will be lifted.
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