Dialogue with Shareholders

Policy for Constructive Dialogue with Shareholders

JPX aims to sustainably increase its corporate value through the development of fair, transparent, and convenient markets. To achieve this, it is important to listen to the voices of various stakeholders, so JPX will proactively carry out dialogue with those such as shareholders and investors to build long-term relationships of trust.

Management System for Dialogue

Dialogue with shareholders and investors etc. are overseen by the executive officer in charge of IR. Actual meetings will take place with a director, executive officer, or the department in charge of IR, depending on the purpose of the meeting.
To raise the effectiveness of dialogue, the department in charge of IR coordinates closely to share information with all departments across the Group including other corporate divisions such as the treasury, corporate strategy, and general administration departments, as well as the subsidiary financial instruments exchange operators.

Main IR Activities


Activity	Details
Company Briefings for Retail Investors	On a regular basis
Company Briefings for Analysts and Institutional Investors	Financial results briefings,medium‐term management plan briefings and business briefings (JPX Investor Day)
Individual Meetings with Analysts and Institutional Investors	Individual meetings in person or online as and when necessary, in addition to participating in conferences for institutional investors
Posting of IR Materials on Website	Earnings reports, material on briefing sessions and general shareholders meetings, securities reports, medium-term management plans and other material on our website.

Status of Dialogue with Shareholders


Main correspondents	Group CEO, CFO, Executive Officer in charge of Investor Relations, Investor Relations Department
Shareholders, investors, and analysts with whom we had dialogue (Total number of meetings (i.e., an investor that attended twice is counted as two) in FY2025)	Individual Meetings Overseas investors: 250 (of these, 97 hosted by CEO or CFO) Domestic investors: 26 (of these, 8 hosted by CFO) Sell-side analysts: 23 (of these, 8 hosted by CFO) Financial results briefings(held twice and hosted by CEO and CFO) Medium‐term management plan briefing (held once and hosted by CEO and CFO) Business briefing (held once and hosted by CEOs of TSE, OSE, JPXI and JSCC, outside directors, and CFO) Total number of participants: 33 overseas investors, 15 domestic investors, 23 sell-side analysts Company briefing for retail investors(held once online and hosted by director of Corporate Communications Department) *Number of participants: Approx. 1,100
Main topics and points of interest	Additional initiatives for enhancing the effectiveness of TSE’s request regarding cost of capital Impact of interest rate hikes on our business (deposited collateral assets at JSCC, etc.) Growth strategies and M&A opportunities to expand earnings Approach to capital requirements and shareholder returns (share buybacks, etc.)
Feedback to the board of directors and employees	Report of and discussions on the content of dialogue at board of directors' meetings (twice a year) Contents of dialogue shared with employees (quarterly)
Actions taken based on dialogue, etc.	Outside directors participated in business briefing and conducted individual meetings Revised explanatory materials for earnings releases and company presentation materials

Investor Relations

Shareholder & Stock Information

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