Descente, Ltd. has delisted its shares for trading on the Prime Market of the Tokyo Stock Exchange, Inc. (TSE).
The move was effective on January 24, 2025.
The company called an extraordinary shareholders’ meeting for December 25, 2024, and offered a proposal regarding a share consolidation that was approved as proposed by the company’s shareholders. As a result, the company’s shares were delisted.
The company’s common shares will fall under the delisting criteria provided for in the Securities Listing Regulations of the TSE.
The company offered gratitude to the shareholders and related persons for the “understanding and warm support” provided to its management over many years.
The company said it would pursue its corporate philosophy “To bring the enjoyment of sports to all,” endeavor to further enhance its corporate value, and contribute to society with Itochi Corporation, the parent company of Descente Ltd., in the future.
Image courtesy Descente, Ltd., Shanghei
