Standardization of Trading Units
Determination of the Deadline for the Transition to 100-Share Trading Units (announced on Dec. 17, 2015)
Stock exchanges in Japan jointly announced that the deadline for the transition to 100-share trading units will be October 1, 2018.
| Determination of the Deadline for the Transition to a Trading Unit of 100 Shares (announced on Dec. 17, 2015) (in Japanese only) |
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Progress in Standardization to 100-Share Trading Units (announced on Apr. 24, 2015)
Tokyo Stock Exchange ("TSE") announced the progress of the transition of listed companies during the transition period for the standardization to 100-share trading units, which began on April 1, 2014.
| Progress of Standardization to 100-Share Trading Unit - Project for Standardization to 100-Share Trading Units Underway - (announced on Apr. 24, 2015) (in Japanese only) |
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Partial Amendments to Securities Listing Regulations, etc. for Standardization of Trading Units (announced on June 26, 2014)
TSE revised some of its listing rules to facilitate the reduction of the Trading Unit, in addition to requiring that the trading unit be 100 shares as a requirement for partial designation and section transfers toward the ultimate goal of the Action Plan for the Standardization of Trading Units, which is to be standardized to 100-share trading units.
End of the Period of Consolidation to Two Types of Trading Units (100 Shares and 1,000 Shares) and Start of the Transition Period for the Standardization to 100 Shares (announced on Mar. 17, 2014)
Stock exchanges in Japan jointly announced that the consolidation period to the two types of trading units (100 and 1,000 shares) was completed on April 1, 2014, and that a transition period will now begin for the standardization of the two trading units to 100 shares.
| End of the Period of Consolidation to Two Types of Trading Units (100 and 1,000 Shares) and Start of the Transition Period for Standardization to 100 Shares (announced on Mar. 17, 2014) (in Japanese only) |
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Determination of the Deadline for the Transition to Trading Units of 100 and 1,000 Shares (announced on Jan. 19, 2012)
Stock exchanges in Japan jointly announced that the deadline for the standardization to 100 and 1,000 shares, which was postponed for the time being in light of the effects of the Great East Japan Earthquake and other factors, will be April 1, 2014.
| Determination of the Deadline for the Transition to Trading Units of 100 and 1,000 Shares (announced on Jan. 19, 2012) (in Japanese only) |
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Postponement of Deadline for Transition to Trading Units of 100 and 1,000 Shares (announced on Apr. 28, 2011)
Stock exchanges in Japan jointly announced that the deadline for the standardization of trading units into 100 and 1,000 shares will be postponed for the time being from April 2012, in accordance with the schedule announced in the "Action Plan for Standardization of Trading Units".
| Postponement of Deadline for Transition to Trading Units of 100 and 1,000 Shares (announced on Apr. 28, 2011) (in Japanese only) |
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Request for Standardization of Trading Units (announced on Nov. 24, 2010)
On November 24, 2010, TSE requested listed companies that do not currently have a trading unit of 100 or 1,000 shares to confirm the purpose and content of the action plan and to complete the adoption of the share trading unit system or change the number of shares per trading unit within the transition period targeted for April 2012.
Action Plan for Consolidation of Trading Units (announced on Nov. 27, 2007)
Stock exchanges in Japan jointly announced that while the ultimate goal is to standardize the trading unit of common stocks of domestic companies to 100 shares, the immediate goal is to consolidate it into two types, 100 shares and 1,000 shares, as soon as possible after the dematerialization of share certificates in order to quickly realize improved convenience.
| Action Plan for Standardization of Trading Units (released November 27, 2007) (in Japanese only) |
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