Listing

Main Markets (1st /2nd Section)

Formal Requirement

Foreign companies applying to list on TSE shall fall under (1), (2)a, (2)b, (3) through (7) and (14) of the formal requirement of domestic companies as well as the following conditions. (Paragraph1, Rule 206 and Paragraph2, Rule 210 of Securities Listing Regulations)

Criteria for Listing | Main Markets
Handling by a book-entry transfer institution The issue is eligible for handling by a designated book-entry transfer institution in its custody and book-entry transfer operation for foreign stocks, etc. or book-entry transfer operation, or it is expected that they will become eligible by the time of listing
Restriction on transfer of stocks, etc. There is no restriction on transfer of the issue pertaining to an initial listing application(excluding the case where a transfer restriction is deemed necessary to receive application of law in the home country, etc. and it is not deemed to hinder trading in the Exchange market.)
Deposit agreement, etc. In the case of listing a foreign stock depositary receipt, etc., the deposit agreement and any other necessary agreement shall be those entered into pursuant to the provisions of the Enforcement Rules.

Eligibility Requirement (Contents of listing examination)

Listing examination is conducted in accordance with the provisions of Rule 207 of Securities Listing Regulations, and the details are provided in “Guidelines Concerning Listing Examination, etc.” For more information, please refer to “Guidelines Concerning Listing Examination, etc.”

Rules | Tokyo Stock Exchange, Inc.

Mothers

Formal Requirement

Foreign companies applying to list on TSE Mothers shall fall under (1) through (5) (except for (2)c) of the formal requirement for domestic companies as well as the following conditions. (Paragraph 1, Rule 213 of Securities Listing Regulations)

Criteria for Listing | Mothers
Handling by a book-entry transfer institution The issue is eligible for handling by a designated book-entry transfer institution in its custody and book-entry transfer operation for foreign stocks, etc. or book-entry transfer operation, or it is expected that they will become eligible by the time of listing
Restriction on transfer of stocks, etc. There is no restriction on transfer of the issue pertaining to an initial listing application(excluding the case where a transfer restriction is deemed necessary to receive application of law in the home country, etc. and it is not deemed to hinder trading in the Exchange market.)
Deposit agreement, etc. In the case of listing a foreign stock depositary receipt, etc., the deposit agreement and any other necessary agreement shall be those entered into pursuant to the provisions of the Enforcement Rules.

Eligibility Requirement (Contents of listing examination)

Listing Examination is conducted in accordance with the provisions of Rule 214 of Securities Listing Regulations and the details are provided by “Guidelines Concerning Listing Examination, etc.” For more information, please refer to “Guidelines Concerning Listing Examination, etc.”

Rules | Tokyo Stock Exchange, Inc.

JASDAQ(Standard)

The initial listing criteria for JASDAQ Standard are the same as those for the main markets(2nd Section).
*The initial listings on JASDAQ Growth have been suspended.