1. HOME
  2. Data & Statistics
  3. Statistics (Equities)
  4. Trading by Type of Investors
  5. Survey Outline & Definition of Investment Categories
  6. ETFs

Trading by Type of Investors

File Format

TSE posts trading volume data and trading value data on its website in both Excel and PDF formats. The volume and value data in the Excel file is organized into separate worksheets, while the PDF file shows volume and value data one after the other within the same file.

Issues

Domestic exchange traded funds (domestic ETFs) listed on the Tokyo Stock Exchange.

Transactions

  • Auction trading
    Regular transactions (excludes cash transactions, when-issued transactions and forced buy-ins)
  • ToSTNeT Trading
  • Transactions for error correction

Scope of Survey

General trading participants with capital of at least 3 billion yen

Definition of Investment Categories

(1) Foreigners

  1. "Non-residents" as defined in Article 6, Paragraph 1, Item 6 of the Foreign Exchange Act (Foreign Exchange and Foreign Trade Act). Since overseas branches and overseas subsidiaries of Japanese corporations are also classified as "Non-residents", they are included in "Foreigners", but since Japanese branch offices of foreign corporations excluding those in b. below are classified as "Residents", they will be included in (5) Others Corporations or (8) Other Financials. Similarly, since Japanese subsidiaries of foreign corporations are classified as "Residents", they will be classified into the respective investment category.
  2. Branch offices established by foreign securities companies which are not TSE trading participants.

(2) Securities Companies

Brokerage trading by securities companies excluding (1) b. Proprietary trading by all trading participants covered by the survey is aggregated under "Proprietary" not "Securities cos."

(3) Investment Trusts

Investment trust management companies and asset management companies as defined by the Investment Trust Act (Act on investment Trusts and Investment Corporations).

(4) Business Companies

Joint-stock companies, limited companies and partnership companies (mochibun kaisha), including general partnership companies (gomei kaisha), limited partnership companies (goshi kaisha) and limited liability companies (godo kaisha), that do not fall under (1), (3), (6)through (8) inclusive. Also includes business companies that control financial institutions. All holding companies fall under business companies.

(5) Other Corporations

Institutions excluding (1) that do not fall under financial institutions, investment trusts and business companies. More specifically, groups such as government and local public bodies and their affiliated organizations, foundations, special corporations, employee shareholding associations, friendship associations and labor unions, and Japanese branch offices of foreign corporations that are not financial institutions fall under this category.

(6) Life & Non-life

Life insurance companies and non-life insurance companies as defined in the Insurance Business Act

(7) Banks

Regular Japanese banks licensed under the Banking Act and trust banks that are members of the Trust Companies Association of Japan.

(8) Other Financials

Financial institutions besides (6) and (7).
More specifically, credit unions, credit associations, agriculture-related financial institutions, various mutual aid associations, government-related financial institutions and Japanese branch offices of foreign banks fall under this category.