TOKYO, Feb. 18, 2025 — Lead Real Estate Co., Ltd (Nasdaq: LRE) (“LRE” or “the Company”), a Japanese real estate developer specializing in luxury residential properties (single-family homes and condominiums) across Tokyo, Kanagawa Prefecture, and Sapporo, received a delisting determination from Nasdaq on February 12, 2025. The Nasdaq staff determined that LRE is not compliant with Nasdaq Listing Rule 5450(b)(1)(C), requiring a minimum market value of publicly held shares of $5,000,000. This announcement adheres to Nasdaq Listing Rule 5810(b).
Unless LRE appeals, trading of its American Depositary Shares will halt on February 21, 2025, followed by the filing of Form 25-NSE with the SEC, removing its securities from Nasdaq.
LRE can appeal the decision to a Nasdaq Hearings Panel following the procedures outlined in Nasdaq Listing Rule 5800 Series. An appeal would delay the suspension and Form 25-NSE filing. LRE plans to appeal by 4:00 p.m. (ET) on February 19, 2025.
About Lead Real Estate Co., Ltd
Lead Real Estate Co., Ltd develops luxury residential properties (single-family homes and condominiums) in Tokyo, Kanagawa Prefecture, and Sapporo. The company also operates hotels in Tokyo and leases apartment units in Japan and Dallas, Texas.
LRE aims to provide stylish, safe, and luxurious living. Employing a Kaizen (continuous improvement) approach, the company seeks to enhance operations and leverage its award-winning luxury homes and strong market position to build a global platform for accessing prime Japanese and international (U.S. and Hong Kong) condominiums.
For more information, please visit the Company’s website at .
Forward-looking Statements
Statements in this release regarding future expectations, plans, and prospects, and non-historical facts, may be “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Words like “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and similar expressions often identify forward-looking statements, but not always. Actual results may differ due to various factors, including market conditions, as detailed in the company’s registration statement and SEC filings. Any forward-looking statements apply only as of today’s date, and the company disclaims any obligation to update them.
Contact Information:
For Media and Investor Relations
Daisuke Takahashi
Chief Financial Officer
Lead Real Estate Co., Ltd
+81 3-5784-5127
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email:
