UMC Electronics Co (TYO:6615) is applying for a change in its Tokyo Stock Exchange listing from the Prime Market to the Standard Market, according to its Tokyo bourse filing on Thursday.
This decision comes after determining that meeting the Prime Market's requirements for market capitalization of tradable shares and average daily trading value by the March 2026 improvement deadline would be difficult.
The final approval depends on the Tokyo Stock Exchange, and the company will promptly disclose any further developments regarding this application.