To All Concerned Parties | December 6, 2021 |
Company: | Daiseki Eco. Solution Co., Ltd. |
Representative: | Hiroya Yamamoto, President and |
Representative Director | |
(Securities code: 1712, First Section of the Tokyo Stock | |
Exchange and the Nagoya Stock Exchange) | |
Contact: | Naoto Chindo, Director and General |
Manager of Headquarters of Planning and | |
Management |
(Tel: +81-52-819-5310)
Plan to Meet Continued Listing Criteria for New Market Segment
Regarding the restructuring of the market segments operated by Tokyo Stock Exchange, Inc. scheduled for April 2022, Daiseki Eco. Solution Co., Ltd. ("the Company") today submitted an application to select the Prime Market for its listing. As the Company had not yet met the continued listing criteria for the Prime Market as of the transition date of record (June 30, 2021), it hereby notifies that it has prepared a plan to meet continued listing criteria for new market segment, the details of which are provided below.
1. Results of preliminary examination and current status concerning compliance with continued listing criteria for new market segment
On July 9, 2021, the Company was notified by the Tokyo Stock Exchange that only its tradable share market capitalization did not meet the continued listing criteria for the Prime Market.
Tradable Shares | Tradable Share | Tradable Share | Average Daily | |
(units) | Market Capitalization | Ratio | Trading Value | |
Status of the Company | ||||
(As of transition date of | 61,445 | ¥5.9 billion (*1) | 36.5% | ¥70 million |
record) | ||||
Listing criteria | 20,000 | ¥10 billion | 35.0% | ¥20 million |
Matter described in Plan | ○ | |||
Current status | - | ¥11.5 billion (*3) | 39.5% (*2) | - |
Given that its share price has increased and tradable share ratio has improved since the transition date of record, the Company believes that it now meets all continued listing criteria for the Prime Market, including tradable share market capitalization.
*1. Value calculated from the Company's tradable share ratio (36.5%), calculated based on the state of distribution of the Company's share certificates, etc. as understood by Tokyo Stock Exchange at the point of record (February 28, 2021) and other factors, and the daily average closing price (¥970) for April to June 2021.
*2. Calculated based on the state of distribution of the Company's share certificates, etc. as understood by the Company as of August 31, 2021.
*3. Calculated from the daily average closing price (¥1,742) for September to November 2021 and *2.
By steadily executing the plans and other matters stated in the attached "Plan to Meet Continued Listing Criteria for New Market Segment," the Company will strive to improve corporate value and maintain its compliance with the continued listing criteria.
-
Details of selection application
The Company has applied for selection for the "Prime Market" of Tokyo Stock Exchange's new market segments. - Plan to meet continued listing criteria for new market segment Please refer to the attachment for details.
Daiseki
Plan to Meet Continued Listing Criteria for New Market Segment
- Medium-termBusiness Plan for FYE Feb 2022 to FYE Feb 2024
Daiseki Eco. Solution Co., Ltd.
Securities Code: 1712
Results of Preliminary Examination on Transition Date of Record and Current Status
- State of Compliance with Continued Listing Criteria and Challenges
On the transition date of record (June 30, 2021), the Company did not meet the continued listing criteria for the Prime Market only in terms of its tradable share market capitalization.
However, the Company's status has now changed, and it currently meets this criterion.
Tradable Share | Tradable | Grounds for Tradable Share Market |
Capitalization Plan | ||
Market | ||
Share Ratio | (Total shares outstanding × Tradable share | |
Capitalization | ||
ratio × Share price) | ||
Prime Market Continued Listing | ¥10.0 billion | 35.0% | |
Criteria | |||
Transition date of record | ¥5.9 billion | 36.5% | 16,827,120 shares × 36.5% × ¥903/share |
(June 30, 2021) | |||
Current status of the Company | ¥11.5 billion | 39.5% | 16,827,120 shares × 39.5% × ¥1,742/share* |
*The daily average closing price for September to November 2021 is used for the share price.
- Plan Period
The Company will continue to pursue the initiatives stated in this Plan to maintain the continued listing criteria for the Prime Market.
Daiseki Eco. Solution Co., Ltd.
▶PAGE 1
Numerical Targets of Medium-term Business Plan
- Thinking Behind Targets
In addition to business strategies, we will consider financial and capital strategies in an integrated manner and aim to increase corporate value.
Numerical targets for
FYE Feb 2024
Consolidated ▶ ¥20.6 bn net sales
Consolidated | ▶ ¥3.0 bn |
ordinary profit |
ROE ▶ 11.4%
Tradable ▶ 42% Share Ratio
Trend in net sales, ordinary profit, ROE
(Net sales: million yen) | Net sales | Ordinary profit | (Ordinary profit: million yen) | |||||||
30,000 | ROE | 11.4% | 7,000 | |||||||
10.4% | ||||||||||
9.4% | ||||||||||
6,000 | ||||||||||
25,000 | ||||||||||
5.4% | 5,000 | |||||||||
20,000 | ||||||||||
4,000 | ||||||||||
15,000 | ||||||||||
3,000 | ||||||||||
10,000 | ||||||||||
2,000 | ||||||||||
5,000 | ||||||||||
1,000 | ||||||||||
0 | 0 | |||||||||
FY21 Feb | FY22 Feb | FY23 Feb | FY24 Feb | |||||||
(projected) | (projected) | (projected) | ||||||||
Daiseki Eco. Solution Co., Ltd.
▶PAGE 2
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Daiseki Eco.Solution Co. Ltd. published this content on 06 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2021 07:31:08 UTC.