Support for Listed Companies
In order to raise investor interest in listed companies’ activities and encourage medium- to long-term investment, TSE and the Ministry of Economy, Trade and Industry (METI) jointly select and publish lists of companies which are making proactive efforts in particular areas.
Nadeshiko Brands
In partnership with the Ministry of Economy, Trade and Industry (METI), TSE annually publishes a list of companies which make proactive efforts to improve women’s participation and contributions in the workplace, under the name “Nadeshiko Brands”*. This includes creating an environment where women can continue working through all life stages.
The Nadeshiko Brands have been selected and the list published every year since 2012. The aim is to pique the interest of investors looking for medium- to long-term growth potential, by publicizing companies who make proactive efforts in this area as attractive investment opportunities. This in turn should speed up initiatives for women’s participation.
In addition, from FY2023, companies with particularly good work-life balance initiatives which support either sex to enable dual-career and co-parenting have been chosen as "Next Nadeshiko: Companies Supporting Dual-career and Co-parenting."
(note)
- ･"Nadeshiko” is a type of flower which grows in the Japanese mountains, and is often used as a symbol for Japanese women
The selection process
The Nadeshiko Brand selection process was renewed for FY2023 as below.
- Enhancement of factors related to "supporting dual-career and co-parenting" (work-life balance support regardless of sex) as evaluation factors
- For women's empowerment to lead to corporate value improvements, it is essential for companies to accelerate support for both "consistent career development from recruitment to promotion" and "dual-career and co-parenting."
- Particularly for initiatives supporting work-life balance, if these are used mostly by women, they can fail to lead to women's empowerment as they result in the burden of balancing housework and life events (birth, childcare, etc.) falling mostly to women. For this reason, it is important to put in place initiatives that can be easily used by anyone who wishes, regardless of sex.
- Given the above, from this fiscal year, work-life balance initiatives provided regardless of sex that enable dual-career and co-parenting were given an enhanced presence as evaluation factors for the Nadeshiko Brands.
- Selection of "Next Nadeshiko: Companies Supporting Dual-career and Co-parenting"
Companies with particularly good initiatives related to supporting dual-career and co-parenting (work-life balance support regardless of sex) were selected as "Next Nadeshiko: Companies Supporting Dual-career and Co-parenting."
This year's selection process was as follows:
Please see the FY2023 Nadeshiko Brands report (English version) for more details.
KENKO Investment for Health Stocks
Since 2014, also in partnership with the Ministry of Economy, Trade and Industry (METI), TSE has annually published a list of companies which carry out strategic management initiatives related to employee health and productivity, under the name “Health and Productivity Stocks.” From 2024, this has been re-branded as "KENKO* Investment for Health Stocks."
"KENKO investment for health" means thinking about employee health and productivity as a management issue and implementing it as part of strategy, based on the belief that efforts to maintain and promote the health of employees and others are an investment that will have benefits such as increasing profitability in the future. The promotion of health and productivity management can be expected to revitalize organizations through improving the vitality and productivity of employees, ultimately leading to improved company results and corporate value.
This initiative also seeks to promote health and productivity investment by companies by introducing them as attractive companies to investors who place importance on corporate value improvement in the long term.
- "Kenko" is the word for "health" in Japanese.
The selection process
The "KENKO Investment for Health Stocks 2024" were selected using the following process.
SX Brands
Tokyo Stock Exchange (TSE) and the Ministry of Economy, Trade and Industry (METI) have started a project for selecting and awarding the designation of "SX (Sustainability Transformation*) Brands" to a group of progressive companies. These are corporations that are enhancing their ability to create a source of funds for growth in a sustainable manner, using SX to improve their corporate value.
- Sustainability Transformation (SX) is an initiative to improve corporate value in a long-term, sustainable manner by thinking about the sustainability of both the company and society in a synchronized way and carrying out the necessary management and businesses reforms to achieve this.
In 2017, METI published the "Guidance for Collaborative Value Creation" as a framework for companies to carry out effective information disclosure and constructive dialogue with investors. The metrics for Sustainability Transformation were then set out in the updated "Guidance for Collaborative Value Creation 2.0," published in 2022. The SX Brands are chosen based on these metrics.
The selection process
Given that SX Brands are expected to create returns in excess of their cost of equity in the medium to long term, only companies with a PBR above 1 are eligible.
Please see the METI press release for the list of SX Brands 2024.
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