TOKYO, Jun 26 (Pulse News Wire) – Smile Holdings Inc. (7084.T) reported that as of March 31, 2026, it did not meet the listing standards set by the Tokyo Stock Exchange's Growth Market.
However, the company has developed a plan to achieve compliance. As of June 18, which was designated as a provisional benchmark date, the distribution ratio had improved to 27.14%. The company applied for reassessment on June 26 and expects to meet the criteria by July 1 or 8. Should it fail to comply by March 31, 2027, it could face temporary designation as a delisting candidate ("confirmation pending").
In such a scenario, further non-compliance would lead to a final determination by the exchange based on the distribution status report due on March 31, 2027, potentially resulting in delisting on October 1, 2027. As of March 31, 2026, Smile Holdings had 2,022 shareholders with a total market value of 2.450 billion units and a circulation rate of 24.3%. The minimum requirements stipulate 150 shareholders and a circulation rate of 25.0%. The company anticipates disclosing the results of the upcoming assessment scheduled for either July 1 or 8.
Based on the anticipated compliance, Smile Holdings does not foresee any immediate actions beyond the planned reassessments.
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