Shinto's Free-Float Shortfall Sets Up a 2028 Delisting Test
Shinto Company's free-float market value slipped to ¥496.1mn, under half the ¥1.0bn Tokyo Stock Exchange Standard-market threshold, and the tile maker now has until the close of the fiscal year ending June 2027 to close the gap, or face a liquidation designation and delisting on January 1, 2028.