Konami has confirmed that as of Friday 24th April 2015, its shares would no longer be trading on the New York Stock Exchange (NYSE). Shares in Konami will continue to trade on the London Stock Exchange and Tokyo Stock Exchange (TYO). The publisher confirmed it had also filed with the Securities and Exchange Commission to terminate any reporting obligations. Konami did confirm that even though it would have no reporting obligations, it will continue to release its regular financial reports in English for the benefit of overseas investors.
The intent to delist itself from the NYSE was announced back in November as the company felt “the continued listing on the NYSE is not economically justified.” The reason being that investors were moving towards trading Konami shares on the Tokyo Stock Exchange as they saw that in the year ending 31st March, the company reported 97.48% of trading for its shares took place in Japan, with another 2.23% in the UK. Out of 1.03 million Konami shares traded on average on a given day, only 3,139 of them were traded through the NYSE.