Follow-up of Market Restructuring
Summary of Discussions of the Follow-up Council and TSE's Future Actions in Response to the Summary of Discussions
In January 2023, Tokyo Stock Exchange (TSE) published the "Summary of Discussions on Measures to Improve the Effectiveness of the Market Restructuring" which summarizes the discussions to date and "TSE's Future Actions in Response to the Summary of Discussions of the Follow-up Council."
| Summary of Discussions on Measures to Improve the Effectiveness of the Market Restructuring |  |
|---|---|
| TSE's Future Actions in Response to the Summary of Discussions of the Follow-up Council | |
In addition, TSE published "Handling of Transition Measures and Other Matters Relating to Continued Listing Criteria" and conducted the public consultation (from Jan. 30, 2023 to Mar. 1, 2023).
Action on Cost of Capital-Conscious Management and Other Requests
In March 2023, TSE compiled specific details on the following three of the "TSE's Future Actions in Response to the Summary of Discussions of the Follow-up Council" published in January 2023, and notified them to listed companies:
- Implementing management that is conscious of cost of capital and stock price (Prime and Standard listed companies)
- Improvements in dialogue with shareholders and disclosure regarding this (Prime listed companies)
- Appropriate use of the "explain" of "comply or explain" to contribute to constructive dialogue (TSE has provided key points and examples of this)
(Note)
- ･For more information on implementing management that is conscious of cost of capital and stock price, please see the following page.
| Better Dialogue with Shareholders and Related Disclosure | |
|---|---|
| Using "Explain" to Contribute to Constructive Dialogue | |