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And Do Holdings Submits Improvement Plan After Failing Prime Market Free-Float Market Cap Requirement
And Do Holdings announced on the 25th that it has drawn up a plan to bring itself into compliance with listing maintenance standards. As of June 30, 2026, the company's free-float market capitalization stood at just 9.83 billion yen, below the 10.00 billion yen threshold, leaving it partially non-compliant with the Prime Market's listing maintenance standards. Its shareholder count of 7,827 exceeds the required 800, its free-float share count of 93,168 shares exceeds the required 20,000 shares, and its free-float ratio of 46.6 percent exceeds the required 35.0 percent. The company will pursue various measures to meet the standards by the end of the June 2027 fiscal year, but if compliance cannot be confirmed within the improvement period ending June 30, 2027, it will be designated as a supervised issue (under review) by the Tokyo Stock Exchange, and if compliance is not confirmed in a subsequent examination, it will be designated as a delisting candidate and delisted on January 1, 2028. While giving top priority to measures aimed at compliance, the company said it is also considering a market transfer to the Tokyo Stock Exchange Standard Market as one option in case it fails to comply within the plan period, noting that as of the end of June 2026, its own estimates show it meets all of the Standard Market's listing examination criteria.
3457.JP · Regulation · Negative Fails the Prime Market free-float market cap requirement and faces possible supervised/delisting designation if it cannot comply by June 2027.