Number of Inappropriate Disclosures

Number of warnings given for inappropriate disclosure

For the purpose of raising awareness of the importance of timely disclosure by TSE-listed companies and preventing violations of any regulation concerning timely disclosure, TSE delivers a reminder when it finds that a listed company has violated such regulations. 
When a listed company is recognized as having violated any regulation concerning timely disclosure, TSE may take measures such as public announcement and imposing a listing agreement violation penalty. In addition, TSE may require a listed company to submit an improvement report when the company is deemed to need urgent improvement.
To encourage listed companies to perform more timely and appropriate disclosure, TSE has been publicizing the number of reminders given in each month since May 2003.
Refer to the following pages for the overview of each system concerning the above measures.

Rules for Public Announcement Measures
Rules for Listing Agreement Violation Penalty
Rules for Improvement Reports

Number of inappropriate disclosures (fiscal year 2017)

2017 Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar.
Number of inappropriate disclosures 24 43 28 25 35 17 16 24 29 19 26

Number of inappropriate disclosures (since fiscal year 2003)

fiscal year 2003 2004 2005 2006 2007 2008 2009
Number of inappropriate disclosures 207 259 238 150 299 222 155
fiscal year 2010 2011 2012 2013 2014 2015 2016
Number of inappropriate disclosures 173 165 130 242 299 309 288
  • ・Figures for 2003 are for May. 2003 - Mar. 2004.
  • ・Figures don't include inappropriate disclosures of OSE before Jul.16, 2013. Please refer to“Archives(OSE)”.