Orient Corp. (TYO:8585) now complies with all continued listing criteria for the Tokyo Stock Exchange's Prime Market as of March 31, after meeting the minimum tradable share ratio, according to a Friday filing on the Tokyo Stock Exchange.
The consumer finance company had fallen short of the distribution requirement in prior years but improved its tradable share ratio to 36.2% through shareholder engagement and sales of shares by fixed holders.
Orient submitted a compliance plan in 2021 and revised the timeline in 2023.
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