Tokyu : Notice Regarding Selection of Prime Market under New Market Segments
November 26, 2021 at 01:00 pm IST
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November 26, 2021
FOR IMMEDIATE RELEASE
Company Name: Tokyu Corporation
Representative: Kazuo Takahashi, President & Representative Director (Securities code: 9005 TSE First Section)
Contact: Hiroaki Nishimura, General Manager and Senior Manager, Accounting and IR Group (Telephone: +81-3-3477-6168)
Notice Regarding Selection of Prime Market under New Market Segments
Tokyu Corporation (the "Company") received the results of the first assessment dated July 9, 2021 from the Tokyo Stock Exchange regarding the status of compliance with the continued listing criteria on new market segments, and confirmed that the Company is in compliance with the continued listing criteria on the Prime Market.
Taking the results into consideration, the Company announces that at a meeting of the Board of Directors held today, it has decided to select the Prime Market with respect to the transition to the new market segments in the Tokyo Stock Exchange scheduled for April 4, 2022.
Going forward, according to the schedule specified by the Tokyo Stock Exchange, the Company will proceed with the required application procedures pertaining to an application for the selection of new market segments.
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Tokyu Corporation published this content on 26 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 07:29:05 UTC.
Tokyu Corporation specializes in railway transportation services. The group is also developing retail distribution and real estate promotion activities, and is providing entertainment services. Net sales break down by activity as follows:
- retail distribution (62.9%): operating of department stores, supermarkets, etc. The group also offers TV channels broadcasting services ;
- real estate assets promotion and management (17.2%);
- railway and road transportation services (15.9%);
- hotel operating (4%).