Izuhakone Railway Co. pledged Friday to make efforts to list its shares again on the Tokyo Stock Exchange following the bourse's decision to delist them in December for falsifying financial statements.
"We will make utmost efforts to minimize annoyances to shareholders and investors, including application for relisting in the future," the railway said in a statement.
Izuhakone Railway, part of the Seibu Railway group, will be delisted from the TSE's second section on Dec. 26 because it falsified financial statements and misled investors, the bourse said Thursday.
The TSE transferred the shares to a liquidation post Friday from a monitoring post. Investors will be able to continue to trade shares for one month while they are on the liquidation post.