Aug. 29, 2022 TSEEntry into Grace Period pertaining to Delisting: GOKURAKUYU HOLDINGS CO.,LTD.
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The following issue has entered into a grace period pertaining to delisting.
１．Issue Name
GOKURAKUYU HOLDINGS CO.,LTD. stock
(Code: 2340, Market: Standard Market)
２．Grace Period
(Note)
From Apr. 01, 2022 (Fri.) to Mar. 31, 2024 (Sun.)
３．Reason
Due to confirmation of liabilities in excess of assets as of the end of the business year
(Mar. 31, 2022) in the Securities Report submitted today.
(note)
･As the company is deemed to have fallen into liabilities in excess of assets due to the impact of the COVID-19 outbreak, the grace period pertaining to delisting is two (2) years based on the application of the main clause of Rule 601, Paragraph 1, Item (5) of the Securities Listing Regulations prior to the revisions implemented on April 4, 2022, applied with rewording pursuant to the provisions of Rule 725 of the same regulations which are applied mutatis mutandis pursuant to the provisions of Rule 604-2, Paragraph 1, Item (3) and Rule 727 of the same regulations.
(note)
･TSE shall treat issues in the grace period pertaining to the delisting criteria (liabilities in excess of assets) for the old market segments as issues that have been in the improvement period pertaining to the delisting criteria for the new market segments from the day when the issues entered the grace period. (Article 2, Paragraph 9 of the Supplementary Provisions of the Securities Listing Regulations, implemented on April 4, 2022)
Current Designations of Issues in a Grace Period
DISCLAIMER: This translation may be used for reference purposes only. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. This translation is subject to change without notice. Tokyo Stock Exchange, Inc. and/or Japan Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or changes with regard to this translation.
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TEL:+81-3-3666-0141(Switchboard)
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Japan Exchange Group Inc. published this content on 29 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 August 2022 08:10:04 UTC.
Japan Exchange Group Inc is a holding company group of financial instruments exchanges, which provides everything from the listing of securities and derivatives to the provision of trading venues, clearing and settlement services, and index and information services. It operates its business through the Financial Instruments Exchange Business segment. The cash market consists mainly of the equity market. The derivatives market offers index futures, index options, government bond futures, options on government bond futures, options on securities futures, and commodity futures. Auction hours are scheduled to be during the daytime, as well as in the evening and nighttime hours. The information service distributes information such as contract prices related to securities trading and derivative transactions in real time as they occur or change and others. It also provides trading systems, self-regulatory functions, clearing and settlement, and other services.
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