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Listed Issues | Preferred Stocks, etc. | Japan Exchange Group Listing Date Code Issue Name Market Segment Outline Securities Report for Listing Application Offering Price (JPY) Offering (thous. shares) Secondary Distribution (thous. shares) Trading Unit Oct. 04, 2024 94346 Series 2 Bond-Type Class Shares of SoftBank Corp. Prime 8,000 25,000 - 100 Aug. 02, 2024 50765 Series 1 Bond-Type Class Shares of INFRONEER Holdings Inc. Prime 5,000 20,000 - 100 Nov. 02, 2023 94345 Series 1 Bond-Type Class Shares of SoftBank Corp. Prime 4,000 30,000 - 100 Sep. 03, 2007 25935 Class-A Preferred Stock of ITO EN,LTD. Prime - - - 100 (Note) ･The above corporate information is provided by TSE solely for the purpose of introducing newly listed preferred shares, etc. and is not intended to solicit investment. Documents are available only in Japanese. ･For the following constituent issues, the tick sizes applicable to TOPIX500 constituent ...

Listing (Preferred Stocks, etc.) | Japan Exchange Group Listing Regulations of Preferred Stocks, etc. Initial Listing Timely Disclosure Delisting Trading The listing rules of a preferred stock, etc. that means a non-participating preferred stock and subsidiary-linked dividend stock are prescribed in PART3 of Securities Listing Regulations. In order to list preferred shares, etc., it is necessary that the issue details and other matters of such preferred shares, etc. conform to the standards set forth in Part 3 (Preferred Shares, etc.) of the Securities Listing Regulations. In particular, TSE examines preferred shares, etc. for the appropriateness of profit prospects and information disclosure of the listed company, because preferred shares, etc. will have special merchantability different from common shares in terms of conditions such as profit dividends, distribution of residual assets, cancellation of shares, conversion rights to common shares, etc., and voting rights, etc. When TSE approves the initial listing of ...

Preferred Stocks, etc. | Overview (Preferred Stocks, etc.) | Japan Exchange Group Preferred Stocks, etc. Preferred Stocks, etc. 　 Bond-Type Class Shares A preferred stock, etc. means a non-participating preferred stock and subsidiary-linked dividend stock. A non-participating preferred stock means, out of a class of stocks which have precedence on surplus dividends, a stock whose shareholder is unable to receive dividend from the residual distributable amount after receiving payment of preferred dividend. A subsidiary-linked dividend stock means an equity share of a class whose substance is that the issuer pays surplus dividend to shareholders in accordance with the business performance, dividend, etc. of its consolidated subsidiary....

Trading (Preferred Stocks, etc.) | Japan Exchange Group Trading rules of preferred stocks are similar to those of common stocks. Trading Hours Morning session……… 9:00 a.m. - 11:30 a.m. Afternoon session……… 12:30 p.m. - 3:30 p.m. Trading Unit One unit prescribed in articles of incorporation of each listed company Tick size Tick Size Table for issues other than TOPIX 500 constituents is applied Types of Orders Market orders and limit orders (similar to common stocks) Daily Price limit Similar to common stocks Trade Execution Individual auctions for each issue Conditional Orders On open, on close, funari, IOC (similar to common stocks) Type of Transactions and Settlement Day Regular transaction (T+3) Cash transaction (T+0) When-issued transaction Types of Trading and Settlement Dates Account transfer in JASDEC (Note) ･In cases (limited to cases that the Exchange deems appropriate) where there are provisions to the ...

Delisted Issues (REITs) | Japan Exchange Group List of Delisted REITs As a general rule, investment corporations that are to be delisted without designation as Securities to Be Delisted due to an absorption-type merger with another listed investment corporation will be included in this list two weeks prior to the delisting date. For other delistings, issues will be included on the business day after the delisting is decided. Date of Delisting Code Issue Name Reason for Delisting Oct. 30, 2024 3493 Advance Logistics Investment Corporation Merger with Mitsui Fudosan Logistics Park Inc. Oct. 30, 2023 3278 Kenedix Residential Next Investment Corporation Merger with KDX Realty Investment Corporation (Old trade name : Kenedix Office Investment Corporation) Oct. 30, 2023 3453 Kenedix Retail REIT Corporation Merger with KDX Realty Investment Corporation (Old trade name : Kenedix Office Investment Corporation) Feb. 27, 2023 3478 MORI TRUST Hotel Reit,Inc. Merger with MORI TRUST REIT, Inc. (...

Timely Disclosure Rules (REITs) | Japan Exchange Group Information related to REITs, asset management company, etc. Outline of Reports related to Management Structure of REIT Issuer, etc. Real Estate Investment Trust prices are subject to fluctuations in the market in accordance with the prices of the real estate in which they invest. Issuers of REITs are required to conduct timely and appropriate disclosure of information relating to the investment corporation or asset management company (additional issue of shares, borrowing of loans, etc.) and details regarding asset management (delivery/acquisition, incidental losses related to managed assets, etc.) pursuant to Rule 1213 of the TSE Securities Listing Regulations. At the end of the accounting period, information such as dividend estimates and the value of assets under management must be included in the company's earnings report (kessan tanshin). Moreover, reports on the management system and structure of issuers of REITs are required to ...

J-REIT Guidebook | REITs | Japan Exchange Group TSE OFFICIAL J-REIT GUIDEBOOK TSE OFFICIAL J-REIT GUIDEBOOK J-REIT GUIDEBOOK explains the structure of J-REIT and the market situation. Download（PDF）...

Listed Issues (REITs) | Japan Exchange Group You can view stock price information for each company by clicking the code. Listing Date Issue Name Code (ISIN Code) Accounting Dates Outline Report on Management Systems of REIT Issuer, etc. Management Company Offering Price(JPY) Aug. 13, 2025 Kasumigaseki Hotel REIT Investment Corporation 401A (JP3050870009) End of Jan. End of Jul. - - Kasumigaseki Reit Advisors Co.,Ltd. - Jun. 22, 2021 Tokaido REIT,Inc. 2989 (JP3049110004) End of Jan. End of Jul. - - Tokaido REIT Management Co.,Ltd. - Dec. 10, 2019 SOSiLA Logistics REIT,Inc. 2979 (JP3048960003) End of May End of Nov. - - Sumisho Realty Management Co., Ltd. - Mar. 12, 2019 SANKEI REAL ESTATE Inc. 2972 (JP3048880003) End of Feb. End of Aug. - - Sankei Building Asset Management Co., Ltd. - Feb. 13, 2019 ESCON JAPAN REIT Investment Corporation 2971 (JP3048810000) End of Jan. End of Jul. - - ES-CON ASSET MANAGEMENT Ltd. - Jul. 27, 2018 Takara Leben Real ...

Criteria for Listing | Listing (REITs) | Japan Exchange Group Attributes of Asset Management Company Details of Assets Under Management, etc. Financial Details REIT Ownership Conditions Management System and Structure, etc. Other Criteria for Listing 　 Delisting Listing criteria for REITs is described in the TSE Securities Regulations. The TSE REIT Market is based on the concept of alternative way of real-estate investment so that the criteria outlines various points such as the ratio of real estate and the asset management system. Specific listing examination criteria are as follows (Abbreviated regarding contract-type investment trusts): Item Criteria Details Appropriateness of Asset Management Company An asset management company entrusted with business pertaining to management of the assets of an investment corporation is a members of the Investment Trusts Association, Japan. Transfer Agent An administrator of the investor register is approved by the Exchange as an organization as specified by the Enforcement Rules Item ...

Overview (REITs) | Japan Exchange Group REIT The characteristics of REITs Caution Tokyo Stock Exchange REIT Index REITs (Real Estate Investment Trusts) are products which gather capital from a large number of investors, own real-estate assets and return rents, proceeds from sales as dividends to investors. REITs are able to traded on the TSE market (both market orders and limit orders are available) in the same way as stocks. REITs have enabled individuals to invest in real-estate with comparatively low amounts of capital. Listed on Exchanges REITs can be traded on the TSE market through securities companies in the same way as stocks. Internet-trading is also available. Risk Distribution, Real-Estate Management by Professionals Professional real estate manager owns multiple properties in order to diversify investor's risk. Stable dividends, Comparatively High Yields Dividends are produced from the rents of multiple properties, thus stable dividends. In addition, REITs ...