TOKYO, Mar 25 (Pulse News Wire) – Polaris Holdings CO.,LTD. (3010.T) announced today that it expects to meet all listing standards set by the Tokyo Stock Exchange's Standard Market.
As of March 31, 2025, the company had previously fallen short of the circulating share ratio requirement but now estimates that its circulating share ratio exceeds 25%, based on recent developments. In a previous filing on December 27, 2021, Polaris disclosed its plan to comply with the listing requirements. A portion of shares held by major shareholder Star Asia Group was transferred to a third party, leading to an increase in the circulating share ratio to 25.3%. This adjustment brings the company within compliance across all criteria. According to the company’s assessment, the circulating share ratio stood at 15 billion yen on June 30, 2021, improving to 19 billion yen by March 31, 2023.
By March 31, 2024, the circulating share value reached 63 billion yen, and as of March 25, 2026, it is estimated to be 71 billion yen. The minimum requirements stipulate a circulating share ratio of ¥1 billion%. The company's progress towards meeting the listing standards is detailed below: | Circulating Shares | Number of Shareholders | Circulating Share Ratio | |-------------------|-----------------------|------------------------| | Market Value | | | | June 30, 2021 | 8,259 | 15 billion yen | 22.7% | March 31, 2023 | 8,109 | 19 billion yen | 17.7% | March 31, 2024 | 10,100 | 63 billion yen | 23.4% | March 25, 2026 | 10,353 | 71 billion yen | 15.0% As of March 25, 2026, Polaris meets all listing standards except for the circulating share ratio, which is expected to exceed the threshold soon. The improvement period ends on March 31, 2027. Prior assessments on June 30, 2021, March 31, 2023, March 31, 2024, and March 31, 2025 were conducted by the Tokyo Stock Exchange based on the distribution status of the company's shares.
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