Announces the decision to designate as Supervised Securities (Under Review) and outlines subsequent responses. The company will be reviewed after November 1 for compliance with the tradable shares market capitalization standard; if non-compliant, delisting could occur on May 1, 2027. 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The company will be reviewed after November 1 for compliance with the tradable shares market capitalization standard; if non-compliant, delisting could occur on May 1, 2027. Trading will continue.","jir_summary":"### Overview\nThis notice announces the designation as Supervised Securities (Under Review) regarding compliance with the Tokyo Stock Exchange Standard Market tradable shares market capitalization standard, and states that subsequent handling will depend on the review outcome. It was confirmed that the company was non-compliant as of the end of October 2026, and the designation is scheduled to take effect on November 1. Depending on the review results, there is a risk of delisting. Trading itself will continue.\n\n### Future Actions and Impact\nThe company plans to submit the share distribution status as of October 31, 2026 during November. If compliance with the tradable shares market capitalization standard is confirmed, the Supervised Securities (Under Review) designation is expected to be lifted. If non-compliant, the company may be designated as a Securities to be Delisted, which could result in delisting on May 1, 2027.","jir_financial_highlights":"Tradable Shares Market Capitalization: 9.98 hundred million yen (Currently non-compliant; compliance status pending review)\nNumber of Tradable Share Units: 55,618 units (Current tradable ratio is 34.3%)\nNumber of Shareholders: 7,943 people (Currently short of the compliance standard of 400 people)","jir_category":"","jir_hashtags":"#TOPCULTURE, #Disclosure, #MarketRegulationResponse","jir_key_figures":"Tradable Shares Market Capitalization: 9.98 hundred million yen\nNumber of Tradable Share Units: 55,618 units\nNumber of Shareholders: 7,943 people","jir_meta_title":"TOP CULTURE Co.,Ltd. \u2014 Notice of Designation as Supervised Securities (Under Review) | October 2026","jir_meta_description":"TOP CULTURE Co.,Ltd. announced designation as Supervised Securities (Under Review) concerning compliance with the tradable shares market capitalization standard. Depending on upcoming review results, there is a potential delisting risk; monitor review outcomes after November.","jir_og_title":"Notice of Supervised Securities Designation for TOP CULTURE Co.,Ltd.","jir_og_description":"Announcement of possible designation as Supervised Securities (Under Review) as a market regulation measure. Attention is required regarding the outcome of the compliance review and potential delisting risk.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":60521,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"disclosure_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-139222","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n