TOKYO BOARD INDUSTRIES CO.,LTD. [7815.T]
TOKYO, May 29 (Pulse News Wire) – Tokyo Board Industries CO.,LTD. (7815.T) extended its plan to meet the listing maintenance criteria until the end of February 2027 due to ongoing non-compliance with certain standards as of February 28, 2026.
The company's circulating stock price total value and circulating stock ratio still fall short of the requirements. As of February 28, 2026, the company had 760 shareholders holding 8,383 units, resulting in a circulating stock ratio below the required level. Previously set to achieve compliance by March 31, 2026, the deadline was pushed back to February 28, 2027, following changes made to the fiscal year-end in August 2025. To address these issues, the company continues efforts such as improving production plans, enhancing manufacturing management training, and developing new technologies to reduce costs.
Despite progress, a fire at the Sakura factory in November 2025 temporarily halted operations, leading to lower sales and profits than initially forecasted for the February 2026 period. Looking ahead, Tokyo Board Industries aims to restore full production capacity at the Sakura factory to regain customer trust and enhance profitability through new product development and digital transformation initiatives. Additionally, the company plans to strengthen investor relations activities once performance improves, aiming to boost share prices and meet the circulating stock price total value requirement. Failure to comply with the criteria by February 28, 2027, could result in the company being designated as a delisting candidate, potentially leading to delisting on September 1, 2027, should further review fail to show improvement.
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