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.
July
July 1: TSE Publishes List of Companies Disclosing Objectives for Listing on TPM
Tokyo Stock Exchange, Inc. (TSE) is positioning the TOKYO PRO Market (TPM) as a market to accommodate the diverse needs of companies wanting to utilize the middle ground between the unlisted and public markets, and is actively working to enhance its functionality.
As part of these efforts, in April 2026, TSE requested all listed and newly listing companies on TPM to disclose their objectives for listing on this market. On July 1, we then started publishing a list of companies that disclosed this information in accordance with our request.
In collaboration with market stakeholders, TSE will continue to provide support to help TPM-listed companies achieve their listing objectives.
July 18: Nikkei 225 mini Celebrates its 20th Anniversary
The Nikkei 225 mini was listed on Osaka Securities Exchange Co., Ltd (now Osaka Exchange, Inc. (OSE)) on July 18, 2006, and it is now celebrating its 20th anniversary. Offering a contract one-tenth the size of the Nikkei 225 Futures contract, it has been utilized by a wide range of market participants from individual investors to domestic and overseas institutional investors, and has played a part in the development of the equity index futures market in Japan.
The Nikkei 225 mini has paved the way for a broader range of related products, including Nikkei 225 micro Futures, and Nikkei 225 mini Options, and has led to the creation of an environment that meets the investment and risk management needs of a wide variety of market participants.
OSE has launched a special webpage this year to describe the history of the Nikkei 225 mini and how the market has developed.
July 21: Publication of Corporate Governance Code (Revised July 2026)
On July 21, the Financial Services Agency (FSA) and Tokyo Stock Exchange, Inc. (TSE) published the revised Corporate Governance Code.
Since it was first applied in 2015, the Corporate Governance Code was revised in 2018 and in 2021. This marks the third time that the Corporate Governance Code has been revised.
Based on discussions of the Expert Panel on the Revision of the Corporate Governance Code, which was jointly established by the FSA and TSE, the revisions were finalized following a solicitation of public comments.
July 28: Request to Lower Investment Units and Establishment of Working Group on Further Promotion of Small-Size Investments
Tokyo Stock Exchange (TSE) requests listed companies to transition to and maintain investment units below JPY 500,000 in order to make investing more accessible to retail investors.
In October 2022, TSE renewed its request that listed companies implement share splits to lower their investment units, and many companies have responded positively. Nevertheless, partly as a result of rising share prices, approximately 270 listed companies continue to have investment units of JPY 500,000 or more.
Against this backdrop, TSE has decided to once again request listed companies with investment units of JPY 500,000 or more to implement share splits. TSE has also established the “Working Group on Further Promotion of Small-Size Investments” to consider specific measures and other initiatives to enable further small-size investments.
July 28: Publication of Financial Results for Q1 FY2026
Japan Exchange Group, Inc. (JPX) has published its financial results for Q1 FY2026.
Operating revenue increased by JPY 22.0 billion (+50.8%) year-on-year to JPY 65.5 billion due to such factors as (1) an increase in revenue related to trading and clearing services linked to market conditions amidst an increase in the trading value of cash equities compared to the previous year and (2) an increase in revenue from deposited collateral assets related to interest rate swap transactions.
Operating expenses increased by JPY 4.2 billion (+22.4%) to JPY 23.1 billion due to factors such as an increase in the amount returned to clearing participants for deposited collateral assets related to interest rate swap transactions.
As a result, operating income increased by JPY 18.4 billion (+73.3%) to JPY 43.7 billion, and net income (attributable to owners of the parent company) increased by JPY 12.5 billion (+73.6%) to JPY 29.5 billion.
July 29: JPXI and QUICK to Jointly Operate “JPX–QUICK Crypto Asset Index Series”
JPX Market Innovation & Research, Inc. and QUICK Corp. will jointly calculate and operate a series of indices that reflect the price movements of yen denominated spot crypto asset transactions conducted in Japan.
In Japan, over 14 million accounts have now been opened with crypto asset exchange service providers, and the balance of user deposits reached JPY 5 trillion last year. These developments indicate that crypto assets are increasingly being recognized as investment products in the domestic market.
We believe that making indices widely available that are calculated based on trade execution information from multiple domestic crypto asset exchange service providers will enable users to better understand market trends in Japan.
OSE Will Increase Single Stock Options Eligible for Market Making to 50 Issues (Effective Aug. 3, 2026)
Effective August 3, 2026, Osaka Exchange, Inc. (OSE) will increase the number of single stock options (SSOs) eligible for market making from 32 issues to 50 issues.
By increasing the number of eligible issues, continual quotations may be provided for a larger number of issues, and investors will find it even easier to trade SSOs.
Through this initiative, OSE will support improvements in trading convenience and the realization of diverse investment strategies and will aim to further increase the number of market participants and to revitalize the market.