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.
January
Dec. 26: TSE Publishes New Case Studies For Listed Companies
Tokyo Stock Exchange, Inc. (TSE), published the following case studies on December 26, 2025:
For Prime and Standard Market-listed companies
Case Studies of Companies’ Initiatives Toward Issue Resolution Related to Management That is Conscious of Cost of Capital and Stock Price
For Growth Market-Listed Companies
Examples of Initiatives by Growth Market-Listed Companies That Were Well Received by Investors
For listed companies in parent-subsidiary relationships or under equity method relationships
Compilation of Case Studies on Such Matters as Parent-Subsidiary Listings
TSE will continue to provide the support and infrastructure to aid the initiatives of listed companies, as well as constructive dialogue with investors.
TSE Publishes Examples of Initiatives by Growth Market-Listed Companies That Were Well Received by Investors
TSE Publishes Compilation of Case Studies on Such Matters as Parent-Subsidiary Listings
Jan. 5: Held Ceremonies on First Trading Day of 2026
Japan Exchange Group, Inc. (JPX) held ceremonies on the first trading day of 2026 at its Tokyo and Osaka venues.
At the Tokyo venue, JPX welcomed Finance Minister Katayama Satsuki, who gave a speech and rang the bell. At the Osaka venue, a brief performance of "Sanbanso," a ritual dance from the Bunraku puppet theater, was given. Ceremonial hand-clappings were performed at both venues to conclude the ceremonies and pray for the prosperity of Japan’s securities markets.
Both ceremonies may be viewed on JPX’s official YouTube channel.
(Photos: (Top) Finance Minister Katayama gave a speech at the Tokyo venue; (Bottom) A brief Bunraku performance was given at the Osaka venue)
Jan. 7, 13 and 15: JPX Derivatives Markets See Record Growth in 2025
The JPX derivatives markets achieved record growth in 2025.
In the securities options market, annual trading volume reached a new all-time high, with liquidity and convenience steadily improving through measures such as expanding the range of market makers.
In JPY interest rate derivatives, trading volume for 20-year JGB Futures and TONA Futures, along with the clearing value of JPY interest rate swaps, all reached record highs. This reflects growing utilization of these instruments as risk management tools in a positive-interest economy.
Furthermore, the electricity futures market, which introduced fiscal-year contracts in May 2025, also grew significantly, recording its highest-ever annual trading volume. A new product targeting the Chubu region is also scheduled for listing in April 2026.
JPX will continue to meet the needs of investors and market participants, striving to further enhance the efficiency and convenience of our derivatives markets.
JGB and JPY Interest Rate Derivatives Reach Annual Record Highs in 2025
TOCOM Electricity Futures Surge in 2025 - Market Hits Historic High Amid Explosive Growth
TOCOM Electricity Futures - an Essential Infrastructure for Energy Hedging
Jan. 29: Financial Results for Q3 FY2025
Japan Exchange Group, Inc. (JPX) has published its consolidated financial results for Q3 FY2025.
Operating revenue increased by JPY 18.0 billion (+14.8%) year-on-year to JPY 139.6 billion due to such factors as an increase in trading/clearing-related revenue that was linked to a year-on-year increase in the value of cash equities transactions and an increase in revenue from deposited collateral assets related to interest rate swap transactions.
In addition, operating expenses increased by JPY 6.4 billion (+12.1%) year-on-year to JPY 59.5 billion due to such factors as an increase in the amount returned to clearing participants for deposited collateral assets related to interest rate swap transactions and system costs resulting from the operation of systems such as arrowhead 4.0.
As a result, operating income increased by JPY 11.8 billion (+17.1%) year-on-year to JPY 81.3 billion, and net income (attributable to owners of the parent company) increased by JPY 8.0 billion (+17.1%) year-on-year to JPY 54.9 billion.