TV Asahi Holdings (TYO:9409) aims to address its non-fulfilment of the Tokyo Stock Exchange's Prime Market continued listing criteria by March 2026, according to its bourse listing on Tuesday.
The company said it plans to achieve the required 35% tradable share ratio by the end of March 2026 by way of a secondary offering of shares to boost liquidity and diversify its investor base.
Additionally, TV Asahi Holdings is currently undertaking an own share acquisition program, targeting up to 2 million shares or 3 billion yen by Oct 31.
Upon completion of these measures, the company projects its tradable share ratio will reach approximately 39%, successfully fulfilling the listing criteria.
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