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JPX group companies undertake various initiatives and disseminate information with the aim of providing the most attractive markets to all users.
Every month, we showcase the highlights of these efforts in short and concise summaries just for you.
JPX has published JPX Report 2019 to allow stakeholders and the general public to learn more about the corporate value of our entire group. The report offers not only financial data, but also comprehensive, non-financial information such as our corporate philosophy, social raison d'etre, and our initiatives toward value creation. We hope this report helps people deepen their understanding of JPX.
We would also like to ask for your corporation in filling out a survey on our website to further improve the contents of JPX Report.
TSE Listing Forest was established in 2004 in the Yashimamachi district of the city of Yurihonjo, Akita prefecture as part of JPX Group's CSR activities. This year marks the 15th anniversary of the forest, and JPX held a ceremony to commemorate the occasion on September 13, 2019. Part of the festivities included granting commemorative items to both Yurihonjo and Honjoyuri Forestry Association, as well as planting fifteen new saplings to represent the 15-year presence of the forest in the area and visits by JPX staff to local elementary, junior, and senior high schools, where they gave lectures on how stock companies work. On the following day, many locals attended a talk by Ken Shibusawa, the great-great-grandchild of Shibusawa Eiichi, where he gave his insights on living in the centenarian era and the teachings of Shibusawa Eiichi.
The Sabae Kids Company program was launched in Sabae, Fukui prefecture on September 14, 2019 with the aim of providing youth with the opportunity to experience entrepreneurship. In order to ensure the program goes beyond simply running mock bazar stalls, TSE has offered its support in turning the program into a practical finance and economics educational experience where participants can fully engage in hands-on business management. Both TSE and the local community hope that, by proactively thinking of what products might sell, handling those products, and managing their funds, the program will serve as a great opportunity for the kids to learn the joys and perils of making a profit, as well as the significance of investing and how a company works.
TSE will partially update ETF Market Making Scheme Version 2.0 (Ver. 2.0) on October 1, 2019 and expand the eligible ETFs lineup under Ver. 2.0. When TSE launched the Ver. 2.0 in April 2019, market makers were required to display quotes for order of at least \100 million at all times on the order book with the aim of developing Star ETFs that represent each asset class and promoting utilization of ETFs by various investors. With this update, the lineup will expand from the current ETFs linked to TOPIX, Nikkei 225, foreign stocks, and foreign bonds, to include a set of six new popular ETFs linked to REITs and US equity/corporate bonds, aiming to further improve convenience in the ETF market. The revisions are expected to result in deeper liquidity for eligible ETFs while facilitating swift trading at fair prices. TSE remains committed to promoting the growth of a convenient market for investors.
JPX commenced the Tender Offer for shares of Tokyo Commodity Exchange, Inc. (TOCOM) on August 1, 2019 and completed the process on September 24, 2019. As a result, the total number of Tendered Share Certificates accounted for approximately 97% of the number of issued shares. Consequently, as of October 1, 2019, TOCOM became a consolidated subsidiary of JPX Group. JPX will commence the share cash-out demand promptly after October 1 and TOCOM is scheduled to become a wholly owned subsidiary of JPX on November 1, 2019.
