JPX Monthly Headlines | Japan Exchange Group

Oct. 7: Periodic Review and Initial Selection of Constituents of TOPIX and Other Stock Price Indices

JPX Market Innovation & Research, Inc. (JPXI) has announced the results of its periodic review of TOPIX constituents, together with its periodic review and initial selection of constituents for other stock price indices.
Since April 2022, JPXI has been implementing phased revisions to TOPIX in order to further enhance its functionality as an investable index while maintaining index continuity.
As part of these revisions, the first periodic review was conducted across the Prime Market, Standard Market, and Growth Market, with constituent selection based on liquidity criteria. Constituents that did not meet the continuation criteria are subject to transitional measures and scheduled for re-evaluation in October 2027.
JPXI will continue its efforts to ensure that TOPIX remains widely used by market participants.

Oct. 8: Japan Exchange Regulation Receives ACFE JAPAN AWARD

Japan Exchange Regulation (JPX-R) published the "Handbook for Strengthening Internal Controls and Preventing Misconduct: Key Insights From Systematized Recurrence Prevention Measures" in January this year and has been promoting the handbook to listed companies to help prevent accounting fraud and other misconduct. In recognition of its initiatives relating to the handbook, the Association of Certified Fraud Examiners Japan (ACFE Japan) presented JPX-R with the ACFE JAPAN AWARD in the category of companies and organizations. JPX-R President Nakajima Junichi delivered a speech at the 17th ACFE JAPAN Conference. The ACFE JAPAN AWARD recognizes individuals, organizations and other entities that have achieved outstanding results in fraud prevention and highlights their achievements to a wider audience. At the conference, which brought together many professionals engaged in fraud prevention, JPX-R’s initiatives were featured.
The handbook was published with the aim of strengthening internal controls that support medium- to long-term corporate value improvement. It also provides useful guidance for companies that have not experienced misconduct. We encourage companies to make active use of the handbook to further strengthen their internal controls.

Oct. 22: JSCC Awarded "Clearing House of the Year"

Japan Securities Clearing Corporation (JSCC) has been awarded "Clearing House of the Year" in the Risk Asia Awards 2026 sponsored by Risk magazine. The prize is given to a clearing house recognized for its outstanding achievements in providing services for derivatives markets and risk management. This marks the fifth time JSCC has won the award.
JSCC received the award in recognition of its efforts to enhance market infrastructure. These include its contribution to expanding access to the Japanese yen interest rate swap market through the launch of clearing services to U.S. customers, as well as its proof-of-concept for digital collateral management using distributed ledger technology.
Please see the JSCC website for more details.

Oct. 23: JPX Group’s Initiatives Supporting the Government’s Promotion of Japan as a "Leading Asset Management Center"

JPX Group (JPX) has announced initiatives it is implementing in the promotion of Japan as a "Leading Asset Management Center".
JPX supports a virtuous cycle among markets, corporations, and households from three perspectives: market confidence, corporate growth, and individual asset building. Specifically, JPX is strengthening security and business continuity planning, enhancing the processing capacity of trading systems, encouraging listed companies to improve corporate value and engage in constructive dialogue with investors, reducing various fees, and promoting financial and economic education.
Going forward, JPX will continue to promote initiatives that support corporate growth and household asset formation, built on a robust and highly reliable market infrastructure.

Oct. 27: Publication of Financial Results for Q2 FY2026

Japan Exchange Group, Inc. (JPX) has published its financial results for Q2 FY2026.
Operating revenue increased by JPY 41.6 billion (+46.7%) year-on-year to JPY 131 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 9.3 billion (+24.0%) to JPY 48.2 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 33.3 billion (+65.1%) to JPY 84.6 billion, and interim net income (attributable to owners of the parent company) increased by JPY 22.6 billion (+65.6%) to JPY 57.2 billion.

Oct. 27: Management That Is Conscious of Cost of Capital and Stock Price: Current Situation and Future Approaches

Since March 2023, Tokyo Stock Exchange, Inc. (TSE) has been requesting that listed companies take action to implement management that is conscious of cost of capital and stock price. TSE has now compiled and published an overview of the progress and challenges to date, as well as its future approaches. With more than three years having passed since the request, initiatives have progressed at many companies. We have received positive feedback from many investors regarding changes in companies’ awareness and the progress of their initiatives, but this is also materializing in improvements in capital profitability and market valuations, particularly among companies that are actively advancing their initiatives.
TSE will continue to support companies in sustaining their initiatives by providing examples and key points tailored to each company’s circumstances, as well as through various seminars and other activities.