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.


Jan. 4: First Trading Day of 2019

On January 4, JPX held ceremonies to mark the first trading day of the New Year in Tokyo and Osaka.Many people from the industry and the public attended this event.
In Tokyo, Finance Minister Taro Aso delivered his congratulatory remarks and rang the bell alongside Finance Vice Minister Ryousei Tanaka and ladies in kimonos.
(Top: Tokyo Bottom: Osaka)

Jan. 15-31: Exhibition on Shareholder Incentives 2019

TSE hosted Exhibition on Shareholder Incentives 2019 from January 15 to 31, attracting a large number of visitors who were able to enjoy a wide-array of attractions. Panel displays introduced 14 listed companies and the various shareholder benefits they offer. On January 27, Hiroto Kiritani and Miki Komori, well-known personalities whose lifestyles revolve around capitalizing on shareholder benefits, gave talks and enjoyed a lively photo session with the audience. Alongside the talks, rakugo performer SekiSekitei A-Taro also entertained the crowd with witty investment-themed comical stories, and a selection of paintings related to JPX was on exhibit. A group of university students visiting TSE for the first time commented on how the exhibition was a great chance to delve into the world of investing. Exhibition on Shareholder Incentives 2019 will be moving to OSE and running from February 4 to 7.

Jan. 28: The 7th Corporate Value Improvement Award

TSE selected DAIKIN INDUSTRIES, LTD. ("DAIKIN") as the Grand Prix winner of the 7th Corporate Value Improvement Award, based on the results of the evaluation by the Listed Company Award Selection Committee (Chairman: Adjunct Professor Kunio Ito, Graduate School of Business Administration, Hitotsubashi University).Over the years, DAIKIN has consistently set and announced management goals that take capital costs into consideration (i.e., ROE and ROA). Furthermore, DAIKIN is a pioneer in having adopted originally-designed performance indicators, including DVA (Daikin Value Added), since 1999 and has successfully engrained a mindset conducive to achieving such targets internally. As a result, DAIKIN achieved sustainable value-creating growth, and the committee recognized that DAIKIN has engaged in excellent management initiatives toward improving corporate value.
The Awards ceremony will take place on February 19 from 11:00 a.m. at TSE with representatives from the Grand Prix winner and the other three recipients of Excellence Awards in attendance.

Jan. 28: Revisions to Trading Rules to Improve Market Functions

On January 28, TSE announced an outline of specifications for the revisions to trading rules to improve cash equities market functions.As a result of an upgrade to arrowhead, TSE's cash equities trading system, the Sequential Trade Quote mechanism will be improved to deter sharp price fluctuations more easily. At the same time, trade executions will be facilitated by doubling the executable price range at the closing auction in the afternoon session. In addition, measures such as adding U.S. stocks to the securities in lieu of security deposits for margin transactions will be implemented.
TSE is requesting public comments on these revisions from January 28 to February 27. Taking public comments into account, TSE will work on further enhancing market functions.

Jan. 29: Consolidated Financial Results for Q3 FY2018

On January 29, JPX released its consolidated earnings report for Q3 FY2018. Operating revenue was up JPY 4.1 billion (+4.7%) year on year to JPY 92 billion due mainly to a year-on-year increase in trading of cash equities and derivatives and a growth in ETF NAV. Operating expenses were up 3.4 billion (+9.5%) year on year to JPY 39.6 billion due mainly to an increase in system-related costs.
As a result, operating income increased by JPY 1.2 billion (+2.3%) to JPY 54.3 billion with net income (attributable to owners of the parent company) up JPY 1.2 billion (+3.3%) to JPY 38.4 billon. Thus, both revenue and income increased compared to the previous year.