Market News

Oct. 01, 2021 TSE Tokyo Stock Exchange approves Nihon M&A Center Inc. as J-Adviser

Tokyo Stock Exchange, Inc. (TSE) announced today that it has approved Nihon M&A Center Inc. as J-Adviser following the company's application for obtaining the qualification.

Nihon M&A Center Inc. (referred to as "Old Nihon M&A Center") transitioned to a holding company structure through a company split on October 1, 2021. Old Nihon M&A Center, a split company, changed its trade name to Nihon M&A Center Holdings Inc. Nihon M&A Center Split Preparation Company Inc. (changed the trade name to Nihon M&A Center Inc. on the same day), the successor company, has inherited the assets, liabilities, employment contracts and other rights and obligations of Old Nihon M&A Center. As a result of this change, J-Adviser qualification held by Old Nihon M&A Center, a split company, has been disqualified on the same date.

TOKYO PRO Market
Established following the 2008 amendments to the Financial Instruments and Exchange Act, TOKYO PRO Market (TPM) is a market accessible to domestic and overseas professional investors that offers companies flexible listing requirements and simpler disclosure. Currently, 47 companies are listed on the market.

J-Advisers System
Under the J-Adviser System at TPM, TSE-approved J-Advisers assume a key role in the market. They are entrusted to conduct certain self-regulatory work such as listing examination and listed company compliance. Before listing, the J-Adviser investigates and confirms the eligibility of a listing candidate and provides advice and guidance on listing on TPM. After listing, the J-Adviser continues to support the company on compliance with timely disclosure and other ongoing listing requirements.