Follow-up of Market Restructuring
IPO Liaison Meeting
In January 2025, TSE established the "IPO Liaison Meeting" as a forum for regularly exchanging opinions with stakeholders such as securities companies and auditing firms regarding issues related to IPO practices.
(Note)
- ･In April 2025, the name of the meeting was changed from "Cooperative Meeting on IPO Practicalities" to "IPO Liaison Meeting."
The Fifth Meeting on December 9, 2025
| Document 1 The Exchange’s Measures in Response to Accounting Fraud Cases at the Time of IPO |
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| Document 2 Measures in Relation to Revision to the Growth Market’s Continued Listing Criteria |
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| Appendix(List of Members) |
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The Fourth Meeting on October 8, 2025
| Document 1 Fourth IPO Liaison Meeting |
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| Appendix(List of Members) |
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| Minutes |
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The Third Meeting on August 28, 2025
| Document |
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| Attached Document Excerpt From Documents Drafted for the Twenty-third Council of Experts Concerning the Follow-up of Market Restructuring |
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| Appendix(List of Members) |
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| Minutes |
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IPO Liaison Meeting on April 8, 2025
| Document |
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| Appendix(List of Members) *Japanese only |
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| Minutes |
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The Second Meeting on March 10, 2025
| Document 1 Current Initiatives at Tokyo Stock Exchange |
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| Document 2 Revisions to Q&A on Upfront Investment Type Biotech Startups |
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| Appendix(List of Members) |
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| Minutes |
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The First Meeting on January 22, 2025
| Document |
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| Appendix(List of Members) |
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| Minutes |
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The Exchange’s Measures in Response to Accounting Fraud Cases at the Time of IPO
In response to recent cases of accounting fraud at the time of initial public offerings (IPOs), the IPO Liaison Meeting has compiled measures to prevent recurrence.
| The Exchange’s Measures in Response to Accounting Fraud Cases at the Time of IPO (published on December 12, 2025) |
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