Market News

Sep. 26, 2025 TSE Revision to the Growth Market’s Continued Listing Criteria

In order to make the Growth Market “a market where companies aiming for high growth gather,” Tokyo Stock Exchange, Inc. (TSE) is considering various initiatives based on the deliberations of the Council of Experts Concerning the Follow-up of Market Restructuring.

As part of this, TSE has decided to revise the Growth Market’s continued listing criteria, along with related revisions, and has published the Outline of Specifications of these today. The revisions aim to encourage companies on the Growth Market to quickly grow large enough to become targets for investment from institutional investors and also to facilitate M&As among companies and the creation of subsequent businesses by entrepreneurs.

At the same time, as action to achieve “management that strives for high growth,” we are requesting all Growth Market listed companies to analyze their growth status and market evaluations thus far and update their growth strategies and disclosure in line with investors’ expectations.

TSE will continue its efforts to support Growth Market listed companies while exchanging opinions with the management of start-ups and market stakeholders on an ongoing basis.