TOKYO, Mar 31 (Pulse News Wire) – Sockets Inc. (3634.T) announced today that its shares will be designated as a supervisory listing (under review) effective April 1, 2026, due to non-conformity with the Tokyo Stock Exchange's maintenance standards for listed companies.
Specifically, the company failed to meet the circulating share price total value criterion as of March 31, 2025. As part of the remediation process, Sockets Inc. plans to promptly submit the latest distribution status report of securities by March 31, 2026, for further assessment by the Tokyo Stock Exchange. According to the company’s filings, the circulating share price total value requirement was not met, despite efforts to increase the number of circulating shares through various measures such as selling off KDDI Corporation's extraneous market holdings amounting to 240,000 shares on March 27, 2025, and changing Face Co., Ltd.'s holding purpose to pure investment on March 17, 2025.
In addition, approximately 145,000 shares held by the company's representative director, Hiroshi Urabe, were also sold outside the trading session on March 27, 2025. These transactions could potentially lead to an increase in circulating shares by up to around 390,000 units based on the shareholder structure as of September 30, 2025. However, should the Tokyo Stock Exchange determine that the circulating share price total value criterion remains unmet post-assessment, Sockets Inc.’s shares risk being delisted entirely on October 1, 2026. The circulating share price total value threshold of 6 billion yen was calculated based on the average closing prices over three months ending March 31, 2025, and the circulating share count of 2,000 units.
During the improvement period from January 5, 2026, to March 31, 2026, the average daily closing price stood at 3 billion yen, indicating a need for at least 2,200 circulating shares to exceed the 6 billion yen threshold and regain conformity with the listing requirements.
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