COPRO : Plans to Meet the Continued Listing Criteria
December 10, 2021 at 12:52 pm IST
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Plans to Meet the Prime Market's Continued Listing Criteria
December 10, 2021
Contents
Compliance Status with the Continued Listing Criteria and Planning Period
Basic Policy to Meet the Continued Listing Criteria
Current Issues and Initiatives
Improve Business Performance by Promoting the Medium-term Management Plan
4-1. Logic behind the Formulation of the Medium-term Management Plan
4-2. Purpose
4-3. Group's Vision "Engineer Support Platform"
4-4. External Environment
4-5. Outline of the Medium-term Management Strategy
1. Compliance Status with the Continued Listing Criteria and Planning Period
Compliance Status with the Continued Listing Criteria
At the base date for transition, June 30, 2021, we do not meet the Prime Market's continued listing
criteria for Tradable Share Market Capital.
Prime Market's
Compliance status
continued listing criteria
No. of Tradable Shares
At least 20,000 units
39,736 units
〇
Tradable Share Market Capital
At least 10 billion JPY
5.31 billion JPY
×
Trading Share Ratio
At least 35％
39.7％
〇
Trading Value
At least daily avg. 20 million JPY
120 million JPY
〇
The compliance status above is calculated based on the distribution of our stock certificates, etc. as known by
TSE as of the base date (June 30, 2021).
Since we changed its listing market on September 11, 2020, it had not been 1 year old as of the record date, and the average daily trading value has not been calculated by TSE. Therefore, the figures listed are our own estimates.
Planning Period
The continued listing criteria are intended to be compliant by the end of March 2027, the final fiscal year of the medium-term management plan scheduled to be released in the spring of 2022, and we will promote each of the initiatives described in this plan.
2. Basic Policy to Meet the Continued Listing Criteria
By enhancing corporate value
with a focus on expanding business performance,
we will achieve a tradable share market capital of
at least 10 billion JPY
Basic Policy
We recognize that the reason why our tradable share market capital has not reached the continued listing criteria is that the stock price, a major component of it, has been sluggish, triggered by the sluggish performance in the fiscal year ended March 31, 2021.
In order to meet the listing criteria, we intend to promote each business strategy based on the medium- term management plan (FYE2023 to FYE2027), which will be announced in Spring 2022. At the same time, we intend to expand our business results by enhancing corporate governance and improving stock liquidity in order to increase the total value of the market through the improvement of corporate value.
By compounding the initiatives described above, we expect to achieve a tradable share market capital of at least 10 billion JPY by March 2027.
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Copro-Holdings Co. Ltd. published this content on 10 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2021 07:21:15 UTC.
COPRO-HOLDINGS. Co., Ltd. is a Japan-based holding company which is engaged in the management of the group and other related businesses. The Companyâs Construction Engineer Dispatch segment includes construction, civil engineering, facility, plant, computer aided design (CAD) and other business types. The construction business is engaged in management and design assistance of construction works like high-rise buildings. The civil engineering business is engaged in management and design assistance mainly on road and bridge construction. The facility business is engaged in management and design assistance of facility constructions like commercial facilities and factories. The plant business is engaged in management and design assistance of various plant constructions. The CAD business is engaged in the dispatch of CAD operators for above businesses. Other business is engaged in office work on above businesses.
COPRO-HOLDINGS. CO., LTD. 