Aiful stock was delisted as Muninova took over its listing structure

Published on 10/20/2026 at 00:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Aiful moved into a holding structure on March 30, 2026. Aiful stock passed to Muninova, which listed on April 1 and drew a JPY 450 target.

Listing transition and analyst view

Aiful stock was delisted on March 30, 2026, during a holding-company restructuring.
Muninova Holdings began trading on April 1, 2026, after receiving one share for each Aiful share.
JPMorgan cut its Muninova target from JPY 560.00 to JPY 450.00 on October 19, 2026.

Aiful, JP3105040004, Illustration mit AI erstellt.

Aiful stock was delisted on March 30, 2026, as the consumer-finance group moved into a holding-company structure, according to Kabutabi. The transition means the listed successor, rather than Aiful itself, is now the relevant equity-market vehicle.

The listing changed March 30

The restructuring followed a sole share transfer. Holders received one Muninova Holdings share for each Aiful share, while Aiful became the operating company inside the new group, Kabutabi reported.

What does the successor mean?

The chronology is clear: Aiful was delisted on March 30, 2026; Muninova Holdings was listed on the Tokyo Stock Exchange Prime Market on April 1, 2026; and JPMorgan analyst Koki Sato downgraded Muninova from Overweight to Neutral on October 19, 2026, cutting the target from JPY 560.00 to JPY 450.00, according to StreetInsider.

For investors tracking the former Aiful listing, the analyst action applies to Muninova Holdings, ticker 547A, not to the delisted Aiful security. The target reduction of JPY 110.00 represents a 19.64 percent cut from the previous JPY 560.00 target. That distinction matters because historical Aiful results now serve as background for the successor's first reporting cycle.

Former ticker and successor

Aiful's former securities code was 8515, while Muninova trades under 547A after the April 1, 2026 technical listing, according to Kabutabi. The group remains centered on consumer finance, credit guarantees and related financial services in Japan.