TOKYO, Mar 27 (Pulse News Wire) – Sunwels CO.,LTD. (9229.T) applied for a preliminary review to upgrade its listing from the Prime Market to the Standard Market on the Tokyo Stock Exchange.
The application follows the company's previous announcement on June 19, 2025, which outlined plans to meet the criteria for the Standard Market listing. Currently, Sunwels faces two significant deadlines related to its listing status. By April 30, 2026, the company must either apply for a re-examination due to a violation of declaration requirements or complete the preliminary application for the Standard Market listing to avoid delisting. Additionally, Sunwels is currently non-compliant with the Prime Market maintenance standards and is in a grace period until March 31, 2026, to rectify the situation. Failure to comply could result in delisting through a series of regulatory measures.
The company’s board decided today to proceed with the preliminary application for the Standard Market listing to maintain its continued listing status while avoiding potential delisting risks. Following the submission of the preliminary application, the formal review process will commence, with a final decision expected within one year from the application date, by March 26, 2027. During this period, improvements in corporate governance and internal control systems, among other criteria, will be assessed. In addition to addressing these immediate concerns, Sunwels continues to implement long-term strategies aimed at sustainable growth. These initiatives include enhancing operational efficiency, securing and developing talent, and optimizing service delivery models.
The company remains committed to ensuring the safety and quality of care services it provides to patients and their families.
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