JAPAN EXCHANGE GROUP, INC. An Improvement Report has been made available for public inspection as follows.
| １．Company Name |
tella,Inc. (Code: 2191, Market Division: JASDAQ Standard) |
| ２．Public Inspection Period | From Jan. 8, 2021 (Fri.) to Jan. 7, 2026 (Wed.) |
| Provision |
Securities Listing Regulations, Rule 502, Paragraph 4 (Public Inspection of Improvement Report) |
| ３．Reason for Submission |
tella,Inc. (hereinafter 'the Company') disclosed posting of extraordinary income and extraordinary loss, etc. on Sep. 3, 2020 and transfer of fixed assets on Sep. 4, 2020. These disclosures and inquiries to the Company from Japan Exchange Regulation revealed that the Company had violated the listing rules by not disclosing information in a timely manner (hereinafter 'this timely disclosure violation') as it did not conduct disclosure on extraordinary income and loss, etc. until Sep. 3 and 4 despite the fact that (i) on Apr. 24, the Company resolved on matters related to settlement payment (JPY 46 million) that was likely to fall under the criteria for timely disclosure and then made such payment on Apr. 28, and (ii) on Jun. 8, it resolved on the transfer of fixed assets that was likely to be posted as extraordinary income (JPY 74 million) that similarly falls under the criteria for the timely disclosure. This was a case of inappropriate disclosure arising from deficiencies in the Company's organizational structure for conducting timely disclosure, and improvements to the organizational structure were deemed highly necessary. As such, TSE required the Company to submit a report containing the background of the issue and improvement measures. The Company subsequently submitted the report on Dec. 15, however, the content of the report was deemed to be clearly inadequate. As such, TSE requested the Company to amend the improvement report and resubmit an amended improvement report by Jan. 7, 2021. |
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After submission of the Improvement Report, etc. by the Company, they will be made available on the JPX website and through the TDnet database service.
Improvement Report, etc. that are currently available for public inspection can be found on the following page of the JPX website （https://www.jpx.co.jp/listing/market-alerts/improvement-reports/index.html) (available only in Japanese).
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.
Enquiry
Tokyo Stock Exchange, Inc. Listing Department, Corporate Disclosure Office, Planning & Coordination, Listed Company Services
TEL:+81-3-3666-0141(Switchboard)
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Japan Exchange Group Inc. published this content on 07 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 January 2021 07:33:00 UTC
