Hisamitsu Pharmaceutical Delisting Effective May 11, 2026
Summary
TSE has determined that Hisamitsu Pharmaceutical Co., Inc. (Code: 4530, Prime Market) will be delisted effective May 11, 2026. The delisting follows shareholder approval of a reverse stock split structured so that shares held by minority shareholders would be reduced to less than one share, triggering the delisting provision under Securities Listing Regulations, Rule 601, Paragraph 1, Item (18). The stock will trade under designation as Securities to Be Delisted from April 17 through May 10, 2026, after which it will be fully delisted.
What changed
TSE has formally designated Hisamitsu Pharmaceutical (4530) as Securities to Be Delisted and scheduled full delisting for May 11, 2026. The company implemented a reverse stock split that would render minority shareholders' holdings fractional, triggering mandatory delisting under TSE listing regulations. During the designation period (April 17–May 10), the stock will continue trading but with restricted settlement eligibility.
Public companies listed on TSE must ensure any capital restructuring maintains compliance with listing rules regarding minimum share thresholds for non-specified shareholders. Investors holding Hisamitsu stock, particularly in margin or collateral accounts, must unwind those positions before April 20, 2026, when the stock is excluded from securities in lieu of money. After delisting, shareholders will lose public market liquidity and may face difficulty realizing value from their holdings.
What to do next
- Investors must close margin positions involving Hisamitsu stock by April 20, 2026, when the stock is excluded from securities in lieu of money
- Brokers and trading participants must remove Hisamitsu stock from customer margin accounts, trading margin, participant security money, and participant bonds by April 20, 2026
Archived snapshot
Apr 18, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Apr. 17, 2026 TSE Decision on Delisting, etc.: HISAMITSU PHARMACEUTICAL CO.,INC.
Post TSE has decided on delisting and designation as Securities to Be Delisted as follows.
1.Delisting and Designation as Securities to Be Delisted
| (1)Issue Name | HISAMITSU PHARMACEUTICAL CO.,INC. stock
(Code: 4530, Market Segment: Prime Market) |
| (2)Period of Designation as
Securities to Be Delisted | From Apr. 17, 2026 (Fri.) to May 10, 2026 (Sun.) |
| (3)Delisting Date | May 11, 2026 (Mon.)
(Note) In cases where circumstances in which the company should be promptly delisted occur, TSE may change the period of designation as Securities to Be Delisted and the delisting date. |
| (4)Reason
(Related Clause) | Due to falling under a case where the company implements a reverse stock split with a split ratio at which the number of all the shares owned by shareholders other than a specified party will be less than one share
(Securities Listing Regulations, Rule 601, Paragraph 1, Item (18)) |
| (5)Details of Reason | At the general shareholders meeting of HISAMITSU PHARMACEUTICAL CO.,INC. (hereinafter "the Company") held today, the agenda item regarding a reverse stock split with a split ratio at which each of the shares held by shareholders other than specified entities will be less than one share was approved. |
2.Exclusion from Securities in Lieu of Money
The stock of the Company will be excluded from securities in lieu of money for the following items from Apr. 20, 2026 (Mon.) inclusive.
- Customer margin for margin transactions and when-issued transactions
- Trading margin for when-issued transactions
- Trading participant security money
- Participant bonds
Current Designations of Securities Under Supervision & Securities to Be Delisted
Designation History of Securities Under Supervision & Securities to Be Delisted 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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