Japan Exchange Group Inc.

04/10/2024 | Press release | Distributed by Public on 04/09/2024 22:23

Apr. 10, 2024TSE Change of Improvement Period and De-designation as Security Under Supervision (Confirmation) : Taka-Q Co.,Ltd.

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Apr. 10, 2024 TSEChange of Improvement Period and De-designation as Security Under Supervision (Confirmation) : Taka-Q Co.,Ltd.

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TSE has modified the previously designated improvement period as pertains to the delisting criteria, and de-designated the following issue as a Security Under Supervision (Confirmation).

１．Issue Name Taka-Q Co.,Ltd. stock
(Code:8166, Market Segment: Standard Market)
２．Improvement Period From Mar. 01, 2022 (Tue.) to Feb. 28, 2025 (Fri.)
(Improvement Period before the change: From Mar 01, 2022 (Tue.) to Feb. 29, 2024 (Thu.))
　 Reason
　 (Related Clause) 		Falling under a case in which the listed company has a plan to turn the amount of net assets to positive by revitalizing their business based on the revitalization support decision by Regional Economy Vitalization Corporation of Japan (REVIC) (limited to cases deemed appropriate by TSE)
(Enforcement Rules for Securities Listing Regulations, Rule 719, Paragraph 3, and Rule 501, Paragraph 7, Item (5), b of the same regulations)
３．Date of Cancellation of Designation of Securities Under Supervision (Confirmation) Apr. 11, 2024 (Thu.)
　 Reason
　(Related Clause) 		As stated in 2. above, improvement period has been modified.
(Enforcement Rules for Securities Listing Regulations, Rule 719, Paragraph 5,Item (2), a and Item (1), b of the same paragraph)
４．Details of Reason TSE designated the stock of Taka-Q Co.,Ltd. (hereinafter "the Company") as a Security Under Supervision (Confirmation) on Jan. 25, 2024, because the Company had disclosed that REVIC had decided to support its revitalization and that the Company did not expect to meet the continued listing criteria within the designated improvement period.
Today, the Company submitted a restructuring plan as prescribed in Rule 501, Paragraph 9 of the Enforcement Rules for Securities Listing Regulations and documents prescribed in Item (1), d. and Item (2) of the same paragraph, as applied pursuant to the provisions of Rule 719, Paragraph 4 of the same enforcement rules. Based on the above, TSE has deemed that the Company conforms to the cases that TSE deems appropriate as prescribed in Rule 501, Paragraph 7, Item (5), b., as applied pursuant to the provisions of Rule 719, Paragraph 3 of the same enforcement rules, has considered that the improvement period is until Feb. 28, 2025, based on the said plan, and has de-designated the Company's stock as a Security Under Supervision (Confirmation).

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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