Market News

Nov. 21, 2024 TSE Tokyo Stock Exchange, Inc. (TSE) Has Published “Cases Where Companies Are Not Aligned With Investors’ Perspectives” etc. in Regard to Management that is Conscious of Cost of Capital and Stock Price

Since March 2023, Tokyo Stock Exchange, Inc. (TSE) has been requesting that all listed companies on the Prime and Standard Markets take action to promote “Management that is Conscious of Cost of Capital and Stock Price.” While many companies have started to take action, some issues have been raised, such as misalignments in perspectives between companies and investors regarding the specifics of these efforts.

Therefore, we have compiled and published a new set of “Cases Where Companies Are Not Aligned With Investors’ Perspectives” for companies to use as a reference when reviewing and improving their own initiatives. In addition, we have expanded the key points and examples in “Key Points and Examples Considering the Investor’s point of view,” which was released in February, 2024, based on recent feedback from investors. Please see attached Documents 1 to 5.

For reference, please also refer to the summary of market valuations (stock prices) by disclosure status in Document 6.