Kusuri No Aoki (TYO:3549) has received the approval to transfer its listing from the Tokyo Stock Exchange Prime Market to the Standard Market, effective June 19, according to a Tokyo bourse filing on Friday.
The retailer and healthcare company said the decision was driven by difficulty in meeting the tradable share ratio requirement.
Kusuri No Aoki also secured approval for its shares to be dually listed on the Nagoya Stock Exchange Main Market to attract individual investors in the Tokai region.