- The deadline for the "transitional measures" due to the TSE's market classification review is approaching in March 2025. While there is a one-year grace period thereafter, for some companies, delisting becomes a real possibility. In the stock market, various scenarios such as tender offers (TOB) and management buyouts (MBO) are being talked about regarding the target companies, and there is growing interest as they could become short-term revenue opportunities.
In April 2022, the TSE reviewed the market classification and transitioned to three markets: main board, standard, and growth. As of November 15, there are 262 companies that do not meet the listing maintenance criteria and are subject to transitional measures, with 65 companies in the main board, 150 companies in the standard, and 47 companies in the growth.
For these companies, starting from the first applicable criteria date (end of the financial period) after March 1, 2025, the original listing maintenance criteria will be applied. If they continue to violate the criteria, after a one-year improvement period, they will be designated as surveillance stocks or stocks for delisting.