JPX Monthly Headlines
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.
July
July 2: New DRR and CDM International Standards Leveraged in Derivative Transaction Reporting
Japan Securities Clearing Corporation (JSCC) has been exploring a framework to adapt to new international standards for derivative transaction reporting that leverages Digital Regulatory Reporting (DRR) promoted by the International Swaps and Derivatives Association (ISDA) and the Common Domain Model (DRM) managed by Fintech Open Source Foundation (FINOS).It is pleased to announce that it began running such operations in parallel with the current system on June 27, 2025.
JSCC will use live data to conduct comparative analysis between the new and current systems and continue to leverage the potential of DRR and CDM through medium- to long-term pilot projects and other initiatives.
July 2: JSCC, JPX and TSE Hold Eighth Japanese CDS Market Seminar
On July 2, 2025, Japan Securities Clearing Corporation (JSCC), Japan Exchange Group, Inc. (JPX) and Tokyo Stock Exchange, Inc. (TSE) held the Eighth Japanese CDS Market Seminar at the TSE Hall in partnership with S&P Global Market Intelligence.
The seminar, held in person for the first time in six years, featured presentations on the latest topics in the CDS market from leading experts in the field.
We welcomed many financial institutions, institutional investors and other guests to the event, and the day ended on a high note.
July 2 & 18: Brisk Business in mini 20-year JGB Futures at Osaka Exchange, Inc.
In July 2025, business was brisk in mini 20-year JGB Futures at Osaka Exchange, Inc. (OSE).
Amid recent fluctuations in JPY interest rates, and with investors reaffirming the importance of 20-year JGB Futures, OSE has been working to improve liquidity in cooperation with market makers and other market participants. As a result, on July 2, 100 contracts (JPY 1 billion in face value) were executed, marking the first transaction in this product for about three years. Trading has continued daily since, and the total trading volume for July reached 12,099 contracts (JPY 120.99 billion in face value), representing the highest monthly figures by far since the market was relaunched in 2014, and surpassing the April 2014 record high of 1,581 contracts.
OSE will continue in its efforts to improve efficiency in the yen interest rate market in order to meet the needs of market players.
July 22: Publication of “Investors’ Views on IR Systems and Activities”
Since July 22, 2025, Tokyo Stock Exchange, Inc. (TSE) has made it mandatory for all listed companies to develop IR systems. In light of this, it has compiled “Investors’ Views on IR Systems and Activities” so that listed companies, including those that already have IR systems, can consider their approaches to IR. The document includes sections on investors’ expectations related to IR, specific examples of expected improvements to IR systems and activities (IR briefings and individual meetings), and examples of companies that have made well-received improvements.
July 22: Launch of JPX-Nikkei Index Human Capital 100
On July 22, JPX Market Innovation & Research, Inc. (JPXI) and Nikkei Inc. (Nikkei) launched a new stock price index called JPX-Nikkei Index Human Capital 100.
The 100 constituents of JPX-Nikkei Index Human Capital 100 are selected from the constituents of JPX-Nikkei Index 400 based on the status of the efforts of their management to be conscious of human capital.
Through JPX-Nikkei Index Human Capital 100, we hope to create a virtuous cycle where widespread investment in the index encourages companies to make human capital-related improvements, which increases their corporate value and benefits investors, which then encourages further investment and improvements.
For more details, please refer to the following webpage.
July 30: Financial Results for Q1 FY2025
Japan Exchange Group, Inc. (JPX) has published its consolidated earnings report for Q1 FY2025.
Operating revenue increased by JPY 3.1 billion (+7.7%) year-on-year to JPY 43.4 billion due to an increase in revenue related to trading and clearing services linked to market conditions amidst an increase in the value of cash equities transactions compared to the same period of the previous year.
Operating expenses increased by JPY 1.3 billion (+8.0%) to JPY 18.9 billion due to factors such as an increase in costs associated with operating systems including arrowhead 4.0, as well as an increase in research and other expenses relating to measures in the Medium-Term Management Plan 2027.
As a result, operating income increased by JPY 1.9 billion (+8.3%) to JPY 25.2 billion, and net income (attributable to owners of the parent company) increased by JPY 1.2 billion (+8.0%) to JPY 17.0 billion.