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Latest Tokyo Brief coverage on Showa Holdings Co.,Ltd., tracking filings, financial news, and market signals from Japan.
TSE:5103
A court-appointed administrator is running Showa Holdings after a reorganization petition from J Trust Asia, and the company says the accounting and audit work involved means no first-quarter earnings report will appear before its shares are delisted on August 25.
The exchange found no prospect that Showa Holdings, a Standard Market company whose delisting notice is signed by a provisional administrator, can properly build or run internal controls, and will strike its shares from trading on 25 August 2026.
Two board meetings in as many days failed to reach quorum after three audit-committee directors boycotted and went silent, leaving the Tokyo-listed holding company without a representative director and, by its own account, without its corporate seal, accounting books or bank passbooks.