Search

1 Summary of Q&A at JPX IR Day 2019 Japan Exchange Group, Inc. (Held on July 3, 2019) Cash Equities Market and Data Services Strategies Q1: In relation to the Review of Tokyo Stock Exchange (TSE) Cash Equity Market Structure, are you discussing possible changes to the fee structure? How will this review affect trading value? A1: (Miyahara) Given that the framework for the market sections has yet to be decided in detail, we have not given any consideration to the fee structure. We would like to carefully review the market sections, listing criteria, and other relevant matters to demonstrate clear market concepts for investors and to contribute to enhanced corporate value of listed companies. From this perspective, we will commit ourselves to developing an environment and rules that motivate investors to invest and allow them to trade more easily, thereby increasing trading value. Q2: Are there any estimates ...

1 Summary of Q&A at JPX IR Day 2021 Japan Exchange Group, Inc. (Held on July 6, 2021) (1) Q: In relation to the JPX earnings forecast in conjunction with the Tokyo Stock Exchange (TSE) market restructuring, please tell us what kind of earnings sources you have, such as trading fees, and what kind of changes you expect to see with all things considered. A: (Yamaji) The purpose of the market restructuring is to encourage listed companies to raise corporate value and to enhance the investment appeal of the Japanese market through initiatives including the revision of Japan's Corporate Governance Code. We expect that these initiatives will help expand trading by domestic and overseas investors and reap rewards in the form of profits. However, we do not plan to raise listing-related fees or trading fees for that purpose. We will maintain the current fee levels as a ...

1 Summary of Q&A at JPX IR Day 2022 Japan Exchange Group, Inc. (Held on July 5, 2022) (1) Q: How much do you expect the Demonstration Project for the Carbon Credit Market will contribute to revenue? A: (Yamaji) The Demonstration Project for the Carbon Credit Market will be the first step towards the future, and we are currently unsure how much the trading volume will be. So, it is difficult for us to know how it will contribute to revenue from a quantitative perspective at this point. As other countries have committed to becoming carbon neutral by 2050, it is essential for Japan to create an effective domestic carbon credit market as a national strategy. Therefore, rather than pushing forward and setting up revenue targets at this stage, we would like to verify the trading volume, effectiveness, frequency, and other things in order to lay the foundation for ...

JPX IR Day 2017 Clearing Business Hironaga Miyama Director and Executive Officer of Japan Exchange Group, Inc. (Management of Japan Securities Clearing Corporation) President & CEO of Japan Securities Clearing Corporation July 4, 2017 I. Business / Market Environment Business Outline Listed Products OTC Transactions TSE Nagoya, Sapporo, Fukuoka Stock Exchange Transactions OSE Clearing Settle -ment Securities Settlement Assumption / Bearing of Obligation Started Clearing for CDS (July, 2011) Fund settlement JASDEC / BoJ BoJ / Fund Settlement Bank Securities・CB・ REIT・ETF OTC JGB Interest Rate Swap (IRS) Credit Default Swap (CDS) Futures・Options Netting Started business in 2003. Responsible for clearing services of securities centrally which had been conducted separately by each exchange. Recently, expanding the scope of clearing in the area of OTC transactions based on the heightened needs to mitigate counterparty risk and to comply with tighter regulation stemming from the financial crisis. Merged with JGB Clearing Corporation (Oct., ...

デリバティブ市場事業山道裕己 JPX IR Day 2017 2017年7月4日株式会社日本取引所グループ取締役兼執行役 (株)大阪取引所経営管理統括株式会社大阪取引所代表取締役社長 JPX IR Day 2017 Derivatives Market Business Hiromi Yamaji Director and Executive Officer of Japan Exchange Group, Inc. (Management of Osaka Exchange, Inc.) President & CEO of Osaka Exchange, Inc. July 4, 2017 I. Market Environment 0 50 100 150 200 250 300 350 400 450 Nikkei 225 mini Nikkei 225 Options Nikkei 225 Futures TOPIX Futures 10-year JGB Futures JPX-Nikkei Index 400 Futures Other Trading Volume for Derivatives Market The derivatives market grew approximately four ...

宮原幸一郎 JPX IR Day 2017 Cash Equities Market & Information Services Business Koichiro Miyahara Director and Executive Officer of Japan Exchange Group, Inc. (Management of Tokyo Stock Exchange, Inc.) President & CEO of Tokyo Stock Exchange, Inc. July 4, 2017 I. Business/Market Environment 0 1 2 3 4 1980 1985 1990 1995 2000 2005 2010 2015 東証1部東証2部 マザーズ JASDAQ PRO Market ETF・ETN REIT Trading Value & IPOs on TSE Markets ■Trading value increased over the long term with some short-term increase/decreases. ■The number of IPOs has remained high since FY2014. （JPY tril.) JPY 3.0 tril. JPY 1.2 tril. 25 17 23 37 52 56 89 95 88 0 50 100 2008 2009 2010 2011 2012 2013 2014 2015 2016 TSE 1st/2nd Mothers JASDAQ TOKYO PRO Market 2016（FY） 3（FY） Trading value ...

Exchange & beyond ©2023 Japan Exchange Group, Inc. Data and Digital Services JPX Investor Day 2023 President & CEO, JPX Market Innovation & Research, Inc. July 6, 2023 Miyahara Koichiro 目次 ©2023 Japan Exchange Group, Inc. 2 １．Measures Related to Index and Data Services ２．Measures Related to DX and Digitalization Agenda ©2023 Japan Exchange Group, Inc. １．Measures Related to Index and Data Services ©2023 Japan Exchange Group, Inc. 4 New index: JPX Prime 150 Index ⚫Started calculation of the JPX Prime 150 Index, a new stock price index focusing on value creation from July 3, 2023. ⚫From the top 500 companies listed on TSE Prime Market by market capitalization, which are subject to high corporate governance standards, 150 companies were selected with a focus on their value creation. Value creation is estimated using two indicators: equity spread (ROE–cost of equity capital), which is an evaluation of financial and ...

2023 Japan Exchange Group, Inc. Exchange & beyond Cash Equity Market JPX Investor Day 2023 Tokyo Stock Exchange, Inc. President & CEO Iwanaga Moriyuki July６, 2023 目次 ©2023 Japan Exchange Group, Inc. 2 １．Listing Services ２．Trading Services Agenda ©2023 Japan Exchange Group, Inc. １．Listing Services ©2023 Japan Exchange Group, Inc. 4 ⚫On April 4, 2022, TSE restructured the cash equity market to incentivize sustainable growth and medium- to long-term corporate value creation at listed companies, thereby providing an attractive market that gains support from various types of investors both domestic and overseas. Transition to new market segments on April 4, 2022 1st Section For companies with high liquidity Mothers For startups 2nd Section For companies with a track record Old Market Divisions Standard Growth For various companies （Proven and emerging companies） New Market Segments The market for companies with high liquidity and governance standards and a focus ...

2023 Japan Exchange Group, Inc. Exchange & beyond Derivatives Market JPX Investor Day 2023 President & CEO, Osaka Exchange, Inc. Representative Director & Chair, Tokyo Commodity Exchange, Inc. Yokoyama Ryusuke July６, 2023 ©2023 Japan Exchange Group, Inc. Market Environment ©2023 Japan Exchange Group, Inc. 0 500 1,000 1,500 2,000 2,500 3,000 FY2017 Q1 FY2018 Q1 FY2019 Q1 FY2020 Q1 FY2021 Q1 FY2022 Q1 FY2023 Q1 一日平均取引高Nikkei 225 Nikkei 225 VI Overview of Derivatives Market - Overall Trading Volume 3 Note 1: Trading volume is the average of each quarter. Note 2: Nikkei 225 and Nikkei VI are daily changes. ADTV (1,000 contracts) Nikkei 225 (JPY) 0 10 20 30 40 50 60 70 Nikkei 225 VI Source: QUICK Russia-Ukraine war (Feb. 2022) VIX Shock (Feb. 2018) ⚫Derivatives trading volume is strongly influenced by market conditions and has a strong correlation...

Japan Exchange Group, Inc. JPX Investor Day 2023 July 6, 2023 13:30–15:00 Speaker: Iwanaga Moriyuki, President & CEO, Tokyo Stock Exchange, Inc. Yokoyama Ryusuke, President & CEO, Osaka Exchange, Inc. Representative Director & Chair, Tokyo Commodity Exchange, Inc. Miyahara Koichiro, President & CEO, JPX Market Innovation & Research, Inc. Tabata Atsushi, Senior Executive Officer & CFO, Japan Exchange Group, Inc. 1 Presentation Yaguchi: Thank you very much for joining us today, despite your busy schedules. As we have reached the scheduled time, we will begin the Japan Exchange Group’s Investor Day. This event is being held in a hybrid format, with both in-person attendance and live webinar broadcast. First, let me explain today’s proceedings. We will start by explaining three of our businesses, followed by a Q&A session for each business. Finally, we will have a general Q&A session. The transcription and English translation of the explanations and ...