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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.
TSE established the "Study Group on SPAC etc. " in September 2021, which held its first meeting on October 1. This Study Group aims to discuss the advantages and relevance of "SPACs" (special purpose acquisition companies) found on financial instruments exchanges in the United States and other countries, and further investigate the necessity of listing a similar instrument in Japan. The Study Group consists of academic experts, institutional investors, start-up companies, securities firms, and other market participants, and examines issues to be addressed if SPACs were to be introduced in Japan.
As part of its Priorities for July 2021-June 2022, as published on August 31, the Japanese Financial Services Agency (FSA) noted the urgency of developing platforms to underpin the promotion of sustainable finance and announced its intention to progress further with this in collaboration with market players. The FSA's Sustainable Finance Expert Panel has also discussed the possibilities of an information platform and certification framework for green bonds and similar products.
With this background, Japan Exchange Group, Inc. has decided to begin practical study into the creation of an information platform that collates a wide range of information on green bonds and similar products, alongside other related topics, by establishing a Working Group consisting of a varied range of related parties including issuers, institutional investors, and academics.
In May 2021, TSE established the "Working Group for Strengthening the Functions of the Cash Equity Market" in order to further improve market resilience and convenience for market users and increase international competitiveness, all while responding to changes in the environment surrounding the market and the diversified needs of investors, and held discussions with market participants.
Based on the discussions in the Working Group, TSE compiled and published the "Action Program for Strengthening the Functions of the Cash Equity Market" on October 27.
On October 27, JPX released its consolidated earnings report for Q2 FY2021.
Operating revenue was up JPY 1.6 billion (+2.6%) year-on-year to JPY 65.5 billion mainly due to an increase in revenues from listing services and information services such as market data usage fees, despite a decrease in revenues in connection with trading volume, such as trading services and clearing services.
Operating expenses were down JPY 0.1 billion (-0.5%) year-on-year to JPY 30.1 billion mainly due to a decrease in depreciation and amortization.
As a result, operating income increased JPY 0.8 billion (+2.4%) to JPY 36 billion with quarterly income (attributable to owners of the parent company) up JPY 0.7 billion (+3.3%) to JPY 24.5 billion.