Polaris Holdings Co.,Ltd. [3010.T]
TOKYO, Apr 22 (Pulse News Wire) – Polaris Holdings CO.,LTD. (3010.T) has met all listing maintenance standards as of March 31, 2026, according to a notice received from the Tokyo Stock Exchange.
Additionally, the exchange lifted the designation of the company's shares as a provisional delisting candidate effective April 23, 2026. The company reported its progress towards meeting listing requirements since July 9, 2024, when it completed a share swap with Minasia Corporation aimed at consolidating operations.
As a result of this merger, Polaris Holdings' equity distribution ratio fell below the required threshold as of March 31, 2025. However, through negotiations with major shareholder Star Asia Group, some of their holdings were transferred to third parties, bringing the equity distribution ratio back within compliance levels as of March 31, 2026.
Key figures show: - Shareholders: 10,453 as of March 31, 2026 - Circulating Shares: 590,454 units valued at ¥110 billion - Equity Distribution Ratio: Met the requirement of 20% Moving forward, Polaris Holdings plans to enhance its enterprise value through stable and continuous business expansion, strengthen investor relations activities, and consider necessary capital policies to ensure ongoing compliance with listing standards.
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