非ひ上じょう場じょう

noun which may take the genitive case particle 'no'

unlisted; not publicly traded

Business term for a company or stock that is not listed on a stock exchange.

• その会かい社しゃは非ひ上じょう場じょうなので、株かぶ式しきを公こう開かいしていない。

  That company is unlisted, so it does not offer its shares to the public.

• 非ひ上じょう場じょう企き業ぎょうの財ざい務む情じょう報ほうは入にゅう手しゅしにくい。

  Financial information for unlisted companies is hard to obtain.