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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.
On January 6, JPX and its group companies held ceremonies in Tokyo and Osaka to mark the first trading day of the New Year. Many people from related industries were in attendance, along with members of the public who had entered into a ballot.
In Tokyo, Finance Minister Taro Aso delivered his congratulatory remarks and rang the bell alongside young people dressed in traditional kimono .
In Osaka, attendees gave three cheers of "banzai" and took part in a customary hand-clapping to pray for good health and further development of the securities market.
This year, both ceremonies are available for viewing on the official JPX channel on YouTube. (Top: Osaka Bottom: Tokyo)
TSE selected KOMATSU LTD. ("KOMATSU") as the Grand Prix winner of the 8th Corporate Value Improvement Award, based on the results of an evaluation by the Listed Company Award Selection Committee (Chairman: Specially Appointed Professor Ito Kunio, Graduate School of Business Administration, Hitotubashi University). The committee recognized that KOMATSU has implemented excellent management initiatives aimed at improving corporate value, such as continuously referencing ROE in its management objectives over a long period, and disclosing expected capital cost and efforts to decrease it. Also, KOMATSU has built management structures around capital productivity and has utilized these structures to review its business portfolio since the beginning of the 2000s.Shiseido Company, Limited, ANA HOLDINGS INC. and Nitori Holdings Co., Ltd. were selected for Excellence Awards.
The Awards ceremony will take place on February 26 from 15:00 at TSE, with representatives from all four winners in attendance.
On January 30, JPX released its consolidated earnings report for Q3 FY2019.
Operating revenue was down JPY 4.5 billion (-5.0%) year on year to JPY 87.4 billion due mainly to a decrease in trading of cash equities and derivatives.
Operating expenses were up JPY2.3 billion (+6.0%) year on year to JPY 42 billion due mainly to an increase in system related costs.
As a result, operating income decreased by JPY 6.1 billion (-11.3%) to JPY 48.1 billion with net income (attributable to owners of the parent company) down JPY 5.1 billion (-13.3%) to JPY 33.3 billion. Thus, both revenue and income decreased compared to the previous year.
The stock market has been experiencing drastic changes in recent times. In response to these changes, on January 30, TSE published a list of possible measures that could help strengthen the functions of the market, as well as improve its fairness and reliability, in the "Action Program for Strengthening the Functions of the Cash Equity Market".
The list of possible measures includes some that require further detailed deliberations, so we cannot be sure whether all these measures will have immediate effects, but while the market environment evolves quickly around us, TSE will work together with market users to develop the environment needed to provide a highly convenient market infrastructure for all investors to use with confidence.
TSE will start calculating and publishing the Tokyo Stock Exchange Infrastructure Funds Index on April 27, 2020.
The Tokyo Stock Exchange Infrastructure Funds Index, which is comprised of all infrastructure funds listed on TSE, is free-float adjusted and market capitalization-weighted and will show the trend of the whole TSE infrastructure funds market.
TSE will continue to enhance the market through the development of indices in reaction to changes in the market environment and investors' needs.