Japan Exchange Group

Batonz Co. Listing Mechanism: JPY 660 Center Price, 554A

The Tokyo Stock Exchange announced the matching mechanism for Batonz Co., Ltd. (code: 554A), scheduled for listing on April 21, 2026. The order book center price is set at JPY 660, with an upper limit of JPY 1,518 (230%) and a lower limit of JPY 495 (75%). Special quote renewals occur at JPY 33 intervals every 10 minutes up to the upper limit. Market orders are prohibited on the listing date until the initial price is determined.

TSE Public Inspection of FISCO Ltd. Improvement Status Report

Tokyo Stock Exchange (TSE) made public the Improvement Status Report submitted by FISCO Ltd. (Code: 3807, Growth Market) for inspection from April 21, 2026 to October 17, 2030. The report concerns corrections to the company's past consolidated financial statements disclosed in August 2025, attributable to inadequate organizational structure for timely disclosure. FISCO submitted its original Improvement Report to TSE on October 17, 2025, following a September 19, 2025 request, and this six-month status update is now publicly available.

TSE De-Designates Seven Companies from Securities Under Supervision

Tokyo Stock Exchange de-designated seven companies from Securities Under Supervision (Confirmation) status effective April 16, 2026. The companies—SATO FOODS INDUSTRIES (2814), RUNSYSTEM (3326), Asgent (4288), Unozawa-gumi Iron Works (6396), Ledax (7602), Bitcoin Japan Corporation (8105), and Kyogoku unyu shoji (9073)—had been under supervision because TSE could not confirm compliance with continued listing criteria. Following examination of stock distribution documentation, TSE confirmed all seven companies meet continued listing standards on the Standard Market.

Wellbin Group Delisted From Tokyo Pro Market

Tokyo Stock Exchange has decided to delist Wellbin Group Co., Ltd. (Code: 7136) from the Tokyo Pro Market. The stock is designated as Securities to Be Delisted from April 15, 2026 through May 18, 2026, with the delisting taking effect on May 19, 2026. The company submitted a delisting application, triggering TSE's determination under Special Regulations of Securities Listing Regulations Concerning Specified Listed Securities Rule 143.

Hisamitsu Pharmaceutical Delisting Effective May 11, 2026

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.

TSE Delists SAKURAI, KOYOSHA, and NEPON from Standard Market

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.

Aqualine Ltd Designated Securities Under Supervision Examination Code 6173

Tokyo Stock Exchange has designated Aqualine Ltd (Code: 6173, Growth Market) as Securities Under Supervision (Examination) effective April 16, 2026. The designation stems from examination findings that the company's internal management system has not been adequately developed or implemented, with multiple governance failures including departures of key executives, inadequate auditor oversight, and unresolved timely disclosure deficiencies. The company remains under examination until TSE determines whether it falls under delisting criteria.