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December 6, 2022 Tokyo Stock Exchange, Inc. TOYO SECURITIES CO.,LTD. joins as a broker to provide connection to CONNEQTOR Tokyo Stock Exchange, Inc. (TSE) launched the RFQ (Request For Quote) platform, CONNEQTOR, in February of last year with the aim of improving liquidity in the ETF market.We are pleased to announce that TOYO SECURITIES CO.,LTD. has joined as a broker to provide connectivity to CONNEQTOR. And they will also provide a service to use CONNEQTOR on behalf of institutional investors so that they can use the service by phone. This brings to 17 the number of brokers that offer CONNEQTOR to institutional investors. Brokers that provide access to CONNEQTOR SMBC Nikko Securities Inc. Nomura Securities Co.,Ltd. OKASAN SECURITIES CO.,LTD. *1 Barclays Securities Japan, Ltd. Goldman Sachs Japan Co.,Ltd. BNP Paribas Japan, Ltd. *1 JPMorgan Securities Japan Co.,Ltd. Hirota Securities Co. Ltd. *1 Shin-...

January 17, 2023 Listing Department Tokyo Stock Exchange, Inc. Results of "Availability of English Disclosure Information by Listed Companies" Survey as of End of December 2022 Tokyo Stock Exchange, Inc. (TSE) has promoted listed company English disclosure to enhance convenience for overseas investors and allow them to make appropriate investment decisions based on information disclosed by listed companies. As part of this effort, since 2019, TSE has been conducting surveys on the availability of English disclosure by listed companies and providing a list of the results through its website to a wide range of people including overseas investors. TSE has now published the results for the survey as of the end of December 2022. This time, in order to reflect the disclosure situation more precisely, it has added new survey questions so that listed companies report the scope and the timing of English disclosure for all the documents included in ...

January 24, 2024 Listing Department Tokyo Stock Exchange, Inc. Results of the English Disclosure Implementation Status Survey as of the End of December 2023 Tokyo Stock Exchange, Inc. (TSE) has promoted English disclosure by listed companies in order to enhance convenience for overseas investors and enable them to make appropriate investment decisions based on the disclosed information. As part of this effort, since 2019, TSE has been conducting surveys on the English disclosure implementation status of listed companies and providing a list of the results on its website to a wide range of people including overseas investors. TSE has now published the results for the survey as of the end of December 2023. The percentage of English disclosure by Prime-listed companies, which are expected to center their business on constructive dialogue with global investors, reached 98.2% based on number of companies (up 1.1 percentage points from the ...

August 31, 2023 Listing Department Tokyo Stock Exchange, Inc. Results of the 2023 Survey of Overseas Investors on English Disclosure by Japanese Companies Tokyo Stock Exchange, Inc. (TSE) has conducted a survey on English disclosure on overseas investors, with the aim of encouraging disclosures in English based on the needs of overseas investors by identifying the information that they need and then providing feedback of those responses to the listed companies. This is the second survey, following the one conducted in August 2021. In this survey, 89% of the respondents answered that English disclosure is needed for Earnings Reports, 87% for IR presentations, and 85% for Annual Securities Reports, indicating the high demand for English disclosure by overseas investors. Regarding the timing of disclosure of English disclosure, 78% of the respondents for Earnings Reports and 70% for timely disclosure materials needed simultaneous disclosure in English and Japanese. In addition, a ...

Results of the Survey of Overseas Investors on English Disclosure by Japanese Companies August 2023 Listing Department Tokyo Stock Exchange, Inc. Executive Summary 1. Assessment of English Disclosures by Overseas Investors (pages 8-14) —While 75% of respondents saw an improvement in English disclosure, 72% were dissatisfied due to the delay in the timing of disclosure of English-language materials and the lack of English disclosure in small- and mid-cap stocks. —Some commented that foreign investors were put at a disadvantage and that it would discourage them from investing in Japanese companies. 2. Impact on Investment Activities from Insufficient English Disclosure (pages 16-18) —41% of respondents indicated that listed companies with inadequate English disclosure were valued at a discount, 35% excluded from the investment universe, and 28% reduced weights, directly impacting their investment behavior. —Insufficient English disclosure also affected dialogue and the exercising of voting rights, with 69% ...

2023 Tokyo Stock Exchange, Inc. Summary of the "Results of the Survey of Overseas Investors on English Disclosure by Japanese Companies” August 2023 Listing Department Tokyo Stock Exchange, Inc. * This document is a summary of the "Results of the Survey of Overseas Investors on English Disclosure by Japanese Companies”released on August 31, 2023. For details, please refer to "Results of the Survey of Overseas Investors on English Disclosure by Japanese Companies”. ©2023 Tokyo Stock Exchange, Inc. Investment decision (e.g. fund manager) 56% Research (e.g. analyst) 27% Exercise of voting rights 7% Other role 5% Others 5% 1 A web-based survey on English-language disclosure was conducted among overseas institutional investors from June 26, 2023 to July 31, 2023. 75 responses were received, with about a quarter of respondents from the U.K., continental Europe, the U.S., and the Asia-Pacific region. Survey of ...

September 4, 2023 Tokyo Stock Exchange, Inc. Monthly Trading Value via RFQ Platform "CONNEQTOR" in the ETF Market Surpasses 200 billion yen Tokyo Stock Exchange, Inc. ("TSE") launched the CONNEQTOR service, a RFQ (Request For Quote) platform, in February 2021 with the aim of improving liquidity in the ETF market. Today, we are pleased to announce that the monthly trading value via the CONNEQTOR surpassed 200 billion yen in August two and a half years after the service was launched. CONNEQTOR is available for all ETFs listed on the TSE, with Japanese equity ETFs a large volume of trading in August, accounting for about half of all trading, or 96.5 billion. 0 50 100 150 200 250 Feb-21 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan-22 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan-23 Feb Mar Apr May Jun...

1 Mitsubishi UFJ Trust and Banking Corporation Mizuho Trust & Banking Co., Ltd. Sumitomo Mitsui Trust Bank, Limited Sumitomo Mitsui Financial Group, Inc. SBI PTS Holdings, Co., Ltd. JPX Market Innovation & Research, Inc. NTT DATA Japan Corporation Datachain, Inc. Establishment of Progmat, Inc. as National Infrastructure towards Digital Asset Market in Japan Tokyo, September 11, 2023 --- Mitsubishi UFJ Trust and Banking Corporation, Mizuho Trust & Banking Co., Ltd., Sumitomo Mitsui Trust Bank, Limited, Sumitomo Mitsui Financial Group, Inc., SBI PTS Holdings, Co., Ltd., JPX Market Innovation & Research, Inc., NTT DATA Japan Corporation, and Datachain, Inc. today have agreed to alliance of the shareholders agreement about the establishment of "Progmat, Inc". "Progmat, Inc" is responsible for the development of“Progmat”, an issuance and management platform for a range of digital assets, and the management of the Digital Asset Co-Creation Consortium (“DCC”). DCC has 214 member companies. Through this alliance, the 8 partner ...

September 20, 2023 Tokyo Stock Exchange, Inc. CONNEQTOR started providing direct connection with Broadridge’s Xilix Execution Management System Tokyo Stock Exchange, Inc. (“TSE”) and Broadridge Trading and Connectivity Solutions Japan K. K (“Broadridge”) are pleased to announce the start of providing direct connection between CONNEQTOR, a platform for trading Exchange Traded Funds (“ETFs”) provided by TSE, and Xilix, an execution management system (“EMS”) provided by Broadridge from September 21, 2023. Launch of this direct connection enables asset management companies that are users of Xilix, such as Sumitomo Mitsui DS Asset Management Co., Ltd., to use CONNEQTOR directly from Xilix and provides more advanced and efficient management. 1. About the Systems CONNEQTOR CONNEQTOR is a Request For Quote (RFQ) platform launched by TSE in February 2021 with the aim of making "ETFs faster and better priced" in Japan. Through this platform, users can trade ETFs flexibly and inexpensively by requesting ...

September 29, 2023 Tokyo Stock Exchange, Inc. Mito Securities Co.,Ltd. joins as a broker to provide connection to CONNEQTOR Tokyo Stock Exchange, Inc. (TSE) launched the RFQ (Request For Quote) platform, CONNEQTOR, in February 2021 with the aim of improving liquidity in the ETF market. We are pleased to announce that Mito Securities Co.,Ltd. will join as a broker to provide connectivity to CONNEQTOR from October 2, 2023. This brings to 18 the number of brokers that offer CONNEQTOR to institutional investors. CONNEQTOR also offers a proxy investor function, whereby institutional investors give instructions to the broker via phone and the broker operate CONNEQTOR on their behalf. This function responds to the needs of institutional investors who would like to use CONNEQTOR without having to install a platform or trade without taking the risk of an erroneous operation, and Mito Securities will support this function. Brokers that provide ...