TSE Delists SAKURAI, KOYOSHA, and NEPON from Standard Market
Summary
The Tokyo Stock Exchange has decided to delist three securities from the Standard Market effective October 1, 2026. SAKURAI LTD. (Code: 7255), KOYOSHA INC. (Code: 7946), and NEPON Inc. (Code: 7985) were found non-compliant with continued listing criteria under Securities Listing Regulations, Rule 601, Paragraph 1, Item (1). The designation period runs from April 15, 2026 through September 30, 2026.
What changed
The Tokyo Stock Exchange has determined to delist three securities from the Standard Market due to their failure to meet continued listing criteria. SAKURAI LTD., KOYOSHA INC., and NEPON Inc. have been designated as Securities to Be Delisted from April 15, 2026 through September 30, 2026, with official delisting on October 1, 2026. SAKURAI LTD. is additionally excluded from securities in lieu of money for margin transactions and trading participant security effective April 16, 2026.
Affected companies will no longer be able to list securities on the TSE Standard Market and investors holding these stocks may face reduced liquidity or inability to trade on the exchange. Broker-dealers and market participants should update their systems to reflect the changed status of these securities and advise affected clients accordingly.
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. 15, 2026 TSE Decision on Delisting, etc.: SAKURAI LTD. and 2 Other Issue(s)
Post TSE has decided on delisting and designation as Securities to Be Delisted as follows.
-
-
1. Issue Name
| Issue Name (Stock) | code | Market Segment | Securities in Lieu of Money |
|---|---|---|---|
| SAKURAI LTD. | 7255 | Standard Market | Excluded |
| KOYOSHA INC. | 7946 | Standard Market | |
| NEPON Inc. | 7985 | Standard Market |
2. Period of Designation as Securities to Be Delisted
From Apr. 15, 2026 (Wed.) to Sep. 30, 2026 (Wed.)
3. Delisting Date
Oct. 1, 2026 (Thu.)
(Note)
- ･In cases where circumstances in which the issues should be promptly delisted occur, TSE may change the period of designation as Securities to Be Delisted and the delisting date.
4. Reason
Because the stocks on the list do not meet the continued listing criteria
(Securities Listing Regulations, Rule 601, Paragraph 1, Item (1))
Details of Reason
As a result of its examination of the “Table of Distribution of Stocks, etc.” submitted by each listed company, TSE has confirmed that the stocks on the list do not comply with the continued listing criteria.
5. Exclusion from Securities in Lieu of Money
Stocks indicated as "Excluded" under "Securities in Lieu of Money" in "(1) Issue Name" above will be excluded from securities in lieu of money for the following items from Apr. 16, 2026 (Thu.) 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, Administration, Listed Compnay Services
TEL:+81-3-3666-0141(Switchboard)
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