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.
April
Derivatives Trading Including SSOs and Electricity Futures Hit Record High in FY2025
Trading volume for Single Stock Options (SSOs) on Osaka Exchange (OSE) hit a record high in FY2025, reaching 4,544,558 contracts. This was following expansion of the Market Maker Program in September 2025 (increasing issues eligible for market making from 12 to 32) and amid buoyant equity market conditions.
Electricity Futures on Tokyo Commodity Exchange (TOCOM) also saw a record annual trading volume of 4,547 GWh. Further expansion of the market is expected with the launch of Chubu Area Electricity Futures on April 13, 2026.
In addition, all-time annual highs in trading volume were also recorded for Nikkei 225 micro Futures, Nikkei 225 mini Options, and 20-year JGB Futures.
Apr. 3: TSE Requests Companies Disclose Objectives for Listing on TOKYO PRO Market
Based on discussions at the Council of Experts Concerning the Follow-up of Market Restructuring, Tokyo Stock Exchange, Inc. (TSE) has positioned the TOKYO PRO Market (TPM) as a market that can accommodate a diverse range of needs in the middle ground between unlisted and public markets, and it is working on initiatives to enhance its functionality.
As part of this, TSE has requested that all TPM listed companies and newly listing companies disclose information on their objectives for listing on the market.
This initiative requires companies to disclose such information as why they are listing and how they intend to use the platform, the aim being to help answer companies’ needs with the support of investors and market stakeholders. From July of this year, TSE plans to publish a list of companies disclosing this information.
Apr. 3: JPXI and JSF Agree to Collaborate on Cross-industry Common Data Platform for Securities Industry
JPX Market Innovation & Research, Inc. (JPXI) and Japan Securities Finance Co., Ltd. (JSF) have agreed to work together to advance discussions on building an industry-wide common data platform. This platform will aggregate various types of corporate and transaction information and distribute this information in a format conducive to automated processing, with the aim of supporting securities companies in improving the accuracy and efficiency of their back-office operations.
We aim to start providing the service around spring 2027, and prior to its full-fledged launch, we plan to provide a beta environment in early 2027 so that users can verify its usefulness and test its integration into actual business processes.
We will continue to explore opportunities for collaboration with a wide range of market stakeholders with the aim of improving productivity across the securities industry.
Apr. 13: OSE Lists FX Futures, Pocket Gold 100 Futures and Pocket Platinum 100 Futures
On April 13, 2026, Osaka Exchange, Inc. (OSE) listed FX Futures for the three currency pairs of USD/JPY, CNH/JPY, and EUR/JPY, as well as Pocket Gold 100 Futures (based on the price of Gold Standard Futures) and Pocket Platinum 100 futures (based on the price of Platinum Standard Futures). A listing ceremony was held in the atrium on the first floor of the Osaka Securities Exchange Building. We believe that the introduction of FX Futures will enhance convenience for investors by enabling one-stop trading for JPX-listed products and foreign exchange hedging.
With their smaller contract units, Pocket Futures have been designed to make futures trading more accessible for individual investors.
OSE will continue to provide investors both in Japan and abroad with opportunities and means to hedge against risk, and strive to operate a highly convenient market.
Apr. 20: Launch of PoC for Digital Collateral Management Using JGBs
Along with Mizuho Financial Group, Inc., Nomura Holdings, Inc., and Digital Asset Holdings, LLC, Japan Securities Clearing Corporation is launching a proof-of-concept trial (PoC) to enhance collateral management.
The PoC focuses on Japanese government bonds (JGBs) and will verify, from both legal and practical perspectives, whether the transfer of rights and updates to book-entry transfer records can be executed seamlessly using blockchain technology.
More specifically, by integrating existing systems with the blockchain infrastructure the PoC will evaluate the feasibility of achieving realtime collateral transactions 24/7, while maintaining the legal status of JGBs under the Book-Entry Transfer Act and the Financial Instruments and Exchange Act.
Through this PoC, we will contribute to the expanded utilization of JGBs by institutional investors in and outside Japan and strengthen the international competitiveness of the Japanese financial market.
Apr. 24: 40th AOSEF General Assembly (GA40) Held in Hong Kong
The General Assembly is the supreme decision-making forum of the Asian and Oceanian Stock Exchanges Federation (AOSEF). It is held annually and brings together top executives of member exchanges to set the direction for cooperation in developing the region’s capital markets, and to decide on important matters related to AOSEF’s organizational management. This year’s General Assembly was hosted by Hong Kong Exchanges and Clearing Limited (HKEX) and featured lively discussions.
The General Assembly approved the Royal Securities Exchange of Bhutan (RSEB) as a new member, bringing the total number of AOSEF member exchanges to 18.
As secretariat of the AOSEF, JPX will continue to promote collaboration and mutual cooperation between member exchanges, contributing to the sustainable development of capital markets in the Asian region.
Apr. 24: TSE Publishes TSE Listing Handbook for Overseas Startups
In recent years, overseas startups hoping to expand into Japan and their investors have shown increasing interest in listing on Tokyo Stock Exchange (TSE) as part of their growth strategies.
In response to these developments, TSE has issued “BEYOND BORDERS—An Introductory Handbook: From Market Entry in Japan to Cross-Border IPOs on TSE,” in cooperation with the Ministry of Economy, Trade and Industry (METI) and the Japan External Trade Organization (JETRO). The handbook provides a systematic overview of the process from entering the Japanese market to conducting a cross-border IPO on TSE.
TSE will continue to collaborate with METI, JETRO, and other relevant stakeholders to advance the development of an appropriate environment that enables a broader range of companies to leverage the Japanese market in pursuing further growth.
Apr. 28: FY2025 Earnings Release
Japan Exchange Group, Inc. (JPX) has published its earnings release for FY2025.
Operating revenue increased by JPY 36.5 billion (+22.5%) year-on-year to JPY 198.7 billion, driven by higher trading volumes in cash equities, an increase in market-linked trading and clearing services revenue, and higher revenue from collateral assets related to interest rate swap transactions.
In addition, operating expenses increased by JPY 8.5 billion (+11.4%) to JPY 83.5 billion, due to factors such as an increase in deposited collateral assets related to interest rate swap transactions, and higher system maintenance and operation expenses associated with the launch of arrowhead 4.0 and other systems.
As a result, operating income increased by JPY 26.1 billion (+29.0%) to JPY 116.2 billion, and net income (attributable to owners of the parent company) increased by JPY 18.0 billion (+29.5%) to JPY 79.1 billion.
Apr. 28: Medium-Term Management Plan 2027 Update
Japan Exchange Group, Inc. (JPX) has updated its Medium-Term Management Plan 2027. While paying attention to changes in the business environment, such as geopolitical risk and the Bank of Japan’s monetary policy, we will maintain the overall direction of the Medium-Term Management Plan 2027 and continue to steadily implement the initiatives under each Core Theme.
Also, given the revisions to Japan’s Corporate Governance Code, we will encourage meaningful dialogue between listed companies and investors through consideration of and disclosure on appropriate allocation of management resources. For JPX’s own growth, we will emphasize future-focused investments and research & development.