非ひ上じょう場じょう企き業ぎょう

noun

unlisted company; privately held company

A company whose shares are not traded on a public stock exchange. Often used in business and legal contexts.

• 非ひ上じょう場じょう企き業ぎょうの株かぶ式しきは一いっ般ぱんに公こう開かいされていない。

  Shares of an unlisted company are not publicly traded.

• 彼かれは非ひ上じょう場じょう企き業ぎょうの経けい営えい者しゃだ。

  He is the manager of a privately held company.