Lead Real Estate (LRE) Newsfilter·2025-02-19 00:30Core Viewpoint - Lead Real Estate Co., Ltd has received a determination letter from Nasdaq regarding the delisting of its securities due to non-compliance with the market value requirement of at least $5,000,000 [1][2]. Company Overview - Lead Real Estate Co., Ltd is a Japanese developer specializing in luxury residential properties, including single-family homes and condominiums, primarily in Tokyo, Kanagawa prefecture, and Sapporo [4]. - The company also operates hotels in Tokyo and leases apartment units in Japan and Dallas, Texas [4]. Delisting Details - The company was notified on February 12, 2025, that it has not regained compliance with Nasdaq Listing Rule 5450(b)(1)(C) [1]. - Trading of the company's American Depositary Shares will be suspended on February 21, 2025, unless an appeal is filed [2]. - The company intends to appeal the delisting determination by requesting a hearing by 4:00 p.m. (Eastern Time) on February 19, 2025 [3]. Company Mission and Vision - The company's mission is to provide stylish, safe, and luxurious living [5]. - The vision includes adopting a Kaizen approach for continuous improvement and leveraging its strong market position to create a global transaction platform for luxury properties [5].