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Dec. 26, 2025 TSE TSE Publishes Examples of Initiatives by Growth Market-Listed Companies That Were Well Received by Investors

Tokyo Stock Exchange, Inc. (TSE) would like Growth Market-listed companies to continue making efforts toward high growth even after listing. Therefore, starting in September 2025, TSE is requesting that companies take investors’ expectations into account and take actions to achieve “management that strives for high growth,” such as analyzing their growth status and market evaluation, and updating their growth strategies and disclosures.

To provide a reference for considerations by Growth Market-listed companies, TSE has compiled and published examples of initiatives that investors (mainly institutional investors with a medium- to long-term perspective who invest in growth stocks and small- to mid-cap stocks, as well as startup-related parties) have positively evaluated as meeting “investors’ expectations for Growth Market-listed companies,” based on feedback from such investors.

TSE would like to ask Growth Market-listed companies to continue their proactive efforts while also taking into consideration the content of this document.
TSE would also like to ask investors to support Growth Market-listed companies’ efforts to achieve high growth while also taking into consideration the content of this document.