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Notes on Media Briefing by Atsushi Saito, Director and Representative Executive Officer, Group CEO, Japan Exchange Group, Inc., on March 31, 2015 Please refer to the handout for reference. I would like to speak about Response to Address Issues Identified in Recent IPOs, which is the only item on the agenda for today. IPO provides growing companies with a way to obtain funds and plays a vital role in the securities markets in revitalizing the Japanese economy and its industry. The number of IPOs in Japan bottomed out in 2009, but with the constant effort of market users, it has begun to recover from the sharp drop immediately after the financial crisis. Unfortunately, we have recently come across some inappropriate transactions by the management of IPO companies, which could undermine the confidence of shareholders and investors toward IPOs. We cannot deny that these cases may overshadow the outlook for the ...

Notes on Media Briefing by Atsushi Saito, Director and Representative Executive Officer, Group CEO, Japan Exchange Group, Inc., on April 28, 2015 I would like to first present JPX's financial results for the fiscal year ended March, 2015. Please refer to the handout. JPX began adopting IFRS from the earnings report at the end of the fiscal year, but to make the comparison easier to understand, I will first provide J-GAAP-based figures. The results were operating revenue of JPY 106.2 billion, operating income of JPY 49.7 billion, ordinary income of JPY 51.9 billion, and net income of JPY 31.4 billion. Despite the resulting declines in operating revenue and net income from JPY 116.2 billion and JPY 29.8 billion respectively for the fiscal year ended March 2014, cost reductions from integration synergies boosted net income. Due to the abolition of goodwill amortization ...

Notes on Media Briefing by Akira Kiyota, Director and Representative Executive Officer, Group CEO, Japan Exchange Group, Inc., and Atsushi Saito, former Director and Representative Executive Officer, Group CEO, Japan Exchange Group, Inc., on June 16, 2015 Saito: I wish to express my gratitude to all of you for your work in covering these press conferences over the years. It seems only yesterday that I shook hands with Mr. Nishimuro when I joined TSE eight years ago. Since then, I tried particularly hard to introduce new products. I remember that the number of ETFs was about ten. Today, it exceeds 200. We developed the JPX-Nikkei Index 400 and launched its futures market. These initiatives were related to corporate governance and the promotion of corporate management focusing on ROE. The idea that the Japanese capital market should have a presence in Asia and the world was discussed with Mr. Yoneda, ...

Notes on Media Briefing by Akira Kiyota, Director and Representative Executive Officer, Group CEO, Japan Exchange Group, Inc., on September 25, 2015 I have two items on the agenda today. First, the new arrowhead system successfully launched yesterday. Thankfully, it has been operating without any problems so far, and we will continue to closely monitor the system for issues until Monday next week. I would like to express my sincere appreciation to all market users, including trading participants and information vendors, for their cooperation in adapting their systems and conducting tests on holidays. We began preparations for this new arrowhead system in December 2012 with a project slogan: "Never stop! We will never stop the system or stop taking challenges." The project is a measure that is a pillar of the core strategy in JPX's medium-term management plan to improve the appeal of Japanese stocks, and the first ...

Notes on Media Briefing by Akira Kiyota, Director and Representative Executive Officer, Group CEO, Japan Exchange Group, Inc., on October 30, 2015 The only item on the agenda for today is the report on our earnings results for the second quarter of FY2015. Please refer to the handouts, which summarize both our consolidated financial results and the overview of earnings for the quarter. To put it briefly, results proved to be solid, greatly surpassing our earnings from the second quarter of FY2014. Allow me to go over average trading value and other figures for cash equities and derivatives. The daily average trading value for cash equities in the first half of FY2015 was approximately JPY 3.5 trillion. That’s approximately a 40% year-on-year increase, a nearly JPY 1 trillion gain over the first half of FY2014. Along with a surge in volatility, among other developments, there was ...

1 Notes on Media Briefing by Akira Kiyota, Director and Representative Executive Officer, Group CEO, Japan Exchange Group, Inc., on November 25, 2015 Before we begin, I have an important announcement. News of one of our independent outside director’s passing was disclosed yesterday. Shigetaka Sato, from the Advisory Council at Keihan Electric Railway Co., Ltd., passed away at 4:23pm on Friday, November 20. Mr. Sato was appointed to the position of board director at our Annual General Shareholders Meeting in June of this year. Since his appointment, he provided the board of directors with invaluable advice on various matters based on his vast experience as a corporate manager and a business leader in the Kansai region. His death came all too suddenly, and we are deeply saddened by this event. We will honor his memory by dedicating ourselves to continuing the work of advancing our country’s capital ...

Notes on Media Briefing by Akira Kiyota, Director and Representative Executive Officer, Group CEO, Japan Exchange Group, Inc., on December 17, 2015 Good afternoon. The only item on the agenda for today is concerning the transition to a standardized trading unit. Please refer to the handout. Following an erroneous order placed by Mizuho Securities a decade ago in December 2005, the FSA set up a council of experts. The council proposed standardizing trading units at exchange markets, because complicated trading rules and market practices could pose a problem. As a result, all stock exchanges in Japan formulated action plans to standardize trading units and have gradually transitioned to 100-share trading units since 2007. The action plans encountered some temporary halts along the way in order to smoothly launch dematerializations of share certificates and in consideration of the impact of the Great East Japan Earthquake, but the number of trading ...

Notes on Media Briefing by Akira Kiyota, Director and Representative Executive Officer, Group CEO, Japan Exchange Group, Inc., at Kitahama, Osaka on January 29, 2016 Thank you for taking the time to attend this conference today. I am Akira Kiyota, Group CEO of JPX. The press conference is usually transmitted live from Tokyo, but today I will directly speak to you here. There are two items on the agenda today. First, I would like to go over the financial results for the 3rd quarter for the fiscal year ending March 2016. Operating revenue was JPY 85.2 billion, operating income was JPY 51.7 billion, and net income attributable to owners of the parent company was JPY 35.5 billion. Average daily trading value for cash equities reached approximately JPY 3.38 trillion, a huge year-on-year increase of 24% from JPY 2.72 trillion. Derivatives markets showed a ...

1 Notes on Media Briefing by Akira Kiyota, Director and Representative Executive Officer, Group CEO, Japan Exchange Group, Inc., on February 23, 2016 The items on my agenda today are "Appointment of Executive Officers" and "Change in Organizational Structure". As they are closely linked, I would like to explain both together. The executive teams in the JPX group are usually appointed in June when the annual general shareholders meeting is held, however, given the fact that the second medium-term management plan will start this April, we have decided that the new management of the company and change in organization structure should be effective on April 1 when the second medium-term management plan launches. Other than the directors and auditors to be appointed at the respective general shareholders meetings, the governors and auditors of Japan Exchange Regulation (JPX-R) will also be formally appointed in June as usual. For ...

1 Notes on Media Briefing by Akira Kiyota, Director and Representative Executive Officer, Group CEO, Japan Exchange Group, Inc., on March 22, 2016 I have two items on the agenda for today. One is about the second Medium-Term Management Plan. The other is about the revision to trading participant fees. First, I will talk about the medium-term management plan. Please refer to the handout. The first medium-term management plan that was formulated in January 2013, soon after the establishment of JPX, will end in this fiscal period. So, I would like to review it briefly. We have achieved the goals we set for ourselves in the first medium-term plan, a JPY 8.5-billion cost reduction in operating expenses via our business integration synergy. On the back of the aggressive fiscal and financial policies of Abenomics, the securities market boomed as a whole. Consequently, the operating ...