Financial Wire

Kitanotatsujin Enters Improvement Period to Regain Prime Market Compliance by 2027

-- Kitanotatsujin (TYO:2930) said it has fallen short of the Tokyo Stock Exchange's Prime Market listing criteria as of Feb. 28, and has entered an improvement period to regain compliance, according to a Tuesday filing on the Tokyo Stock Exchange.

The company failed to meet the tradable share market capitalization requirement, reporting 8.93 billion yen against the 10 billion yen threshold, while meeting other criteria.

Kitanotatsujin said it aims to meet the requirement by Feb. 28, 2027 through measures including improving earnings, enhancing investor relations and supporting its share price.

The company said it may consider shifting to the Standard Market if meeting the criteria becomes difficult.

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Kitanotatsujin Enters Improvement Period to Regain Prime Market Compliance by 2027 | Financial Wire