FINWIRES · TerminalLIVE
FINWIRES

Tokyo Stock Exchange Issues Supervisory Designations for Three Firms Over Delisting Concerns

By

The Tokyo Stock Exchange has issued distinct supervisory designations for three companies due to compliance concerns, according to statements on the stock market operator's official website.

nms Holdings (TYO:2162) was placed under Securities Under Supervision (Confirmation) starting May 29 after approving a takeover bid by World Holdings that could lead to delisting via a cash-out or share consolidation that would leave minority holders with less than one share.

Bewith (TYO:9216), listed on the Prime Market, received the same designation from June 1, because it was deemed unlikely to meet continued listing criteria within the prescribed improvement period.

Meanwhile, Medical Net (TYO:3645), trading on the Growth Market, was designated as Securities Under Supervision (Examination) from June 1.

This examination status similarly reflects the company's inability to satisfy continued listing requirements within the improvement period, but it is specifically tied to a pending review regarding a potential transfer of market segment.

All three designations remain in effect until the TSE makes a final determination on whether delisting criteria have been met.

These actions highlight the exchange's ongoing oversight of listed companies' compliance with continued listing standards.

Related Articles

Asia

Atlas Arteria's Target Statement on Acquisition Proposal Risks Misleading Shareholders, IFM Global Says

Atlas Arteria's (ASX:ALX) target's statement related to IFM Global Infrastructure Fund's proposal to acquire the company contains a number of omissions and "unreasonable assumptions" that risk misleading shareholders, IFM said in a Monday filing with the Australian bourse.IFM Global unit Diamond Infraco 1 has proposed to acquire Atlas Arteria at AU$4.75 per share in cash, with the consideration potentially increasing to AU$5.10 per share if IFM obtains at least a 45% relevant interest before the offer closes.An independent expert's report commissioned by Atlas treats the recently rejected right-of-first-offer price for Chicago Skyway toll road in the US as a market-based valuation, but should instead have included a risk-weighted valuation of Atlas' liability under the Ontario Teachers' Pension Plan put option, IFM Global argued.IFM said its proposed maximum consideration of AU$5.10 per security, if achieved, would deliver "full value for Chicago Skyway."The independent directors' belief that further value can be created via asset disposals or operational initiatives "is not credible," and Atlas' proposed use of a $1.2 billion bridge facility will raise financial risk, IFM said.Atlas Arteria did not immediately respond to a request for comment from.The company's shares gained nearly 2% in recent Monday trade.

$ASX:ALX
Asia

SHIFT, Rise Consulting Group Deepen Partnership

SHIFT (TYO:3697) and its equity-method affiliate Rise Consulting (TYO:9168) have agreed to expand their business collaboration across talent, sales, delivery, and AI, according to a Tokyo bourse filing on Friday.The latest partnership builds on a capital and business alliance first signed in April 2025.Through this expanded partnership, SHIFT will support Rise's recruiting, project staffing, and joint proposal development.Rise, in turn, will tap into SHIFT's operational frameworks and networks.Initial joint efforts have already produced three co-developed service offerings, including AI-powered system modernization and business process innovation.Both companies expect to drive mutual business growth and enhance corporate value while maintaining their independence as publicly listed firms.

$TYO:3697$TYO:9168
Asia

Update: Web Travel Group CEO Sells Nearly AU$7 Million Shares to Settle Financing Arrangements With UBS

(Updates to add stock movement in the last paragraph)Web Travel Group (ASX:WEB) said its chief executive and managing director, John Guscic, sold 2.7 million fully paid ordinary shares for a consideration of AU$6.9 million in order to to settle amounts owed to UBS under previously disclosed funding arrangements, according to an Australian bourse filing on May 29 after hours.The funding arrangements included options and stock loans referencing 2.7 million Web Travel Group shares.The company's shares fell past 2% in recent Monday trade.

$ASX:WEB