Search

Voluntary Application of IFRS (Current and scheduled) | Japan Exchange Group List of Companies (Current and Scheduled as of July 31, 2025) Posting of Earnings Reports at the Time of First-time Adoption of IFRS, Including Explanation of Transition to IFRS What is IFRS? Voluntary Application of IFRS (Current and scheduled) 　 Initiatives at TSE toward IFRS Reporting Figures for companies for voluntary application of IFRS 1 288 Figures for companies scheduled for voluntary application of IFRS 2 9 Total 297 "Figures for companies for voluntary application of IFRS" are the sum of "Earnings reports and quarterly earnings reports of first-time adopters" and "IFRS-based securities reports for initial listing application (Part I) by upcoming listings". Figures for companies scheduled for voluntary application of IFRS were compiled based on the number of listed companies that made press releases on IFRS adoption. Earnings reports and Quarterly earnings reports of first-time adopters...

Overview of Market Restructuring | Market Restructuring | Japan Exchange Group Background Concepts and listing criteria of the new market segments Revision to Japan's Corporate Governance Code Process of transition to the new market segments Overview of Market Restructuring 　 Review of TSE Cash Equity Market Structure Tokyo Stock Exchange (TSE) had four market divisions: 1st Section, 2nd Section, Mothers, and JASDAQ (Standard and Growth). The reason for this was that when TSE and Osaka Securities Exchange integrated their cash equity markets in 2013, TSE maintained the existing market divisions of each one in order to avoid impact on listed companies and investors. However, there were two issues regarding these market divisions as indicated below. The concept of each market division was ambiguous, which reduces convenience for many investors: Specifically, as well as there being overlap between the intended uses of the 2nd Section, Mothers, and JASDAQ markets, the concept of the ...

Past Initiatives | Standardization of Trading Unit | Japan Exchange Group Determination of the Deadline for the Transition to 100-Share Trading Units (announced on Dec. 17, 2015) Progress in Standardization to 100-Share Trading Units (announced on Apr. 24, 2015) Partial Amendments to Securities Listing Regulations, etc. for Standardization of Trading Units (announced on June 26, 2014) End of the Period of Consolidation to Two Types of Trading Units (100 Shares and 1,000 Shares) and Start of the Transition Period for the Standardization to 100 Shares (announced on Mar. 17, 2014) Determination of the Deadline for the Transition to Trading Units of 100 and 1,000 Shares (announced on Jan. 19, 2012) Postponement of Deadline for Transition to Trading Units of 100 and 1,000 Shares (announced on Apr. 28, 2011) Request for Standardization of Trading Units (announced on Nov. 24, 2010) Action Plan for Consolidation of Trading Units (announced ...

Q&A on Standardization of Trading Units | Japan Exchange Group Q1: What procedures are required under the Companies Act to convert to a 100-share trading unit? Q2: Apart from the standardization of trading units, the listing rules require that efforts be made to move to and maintain a desirable minimum investment unit level (less than 500,000 yen). Which of these should be prioritized? Q3：What are some possible ways to mitigate or avoid a reduction in minimum investment unit level? Q4: We would like to understand how much the number of shareholders will change as a result of the transition to the 100-share unit. Q5: My company already has a 100-share trading unit, but the minimum investment unit level is more than JPY 500,000. Is it possible to change the number of shares per Share Unit when reducing the minimum investment unit? Q6: If we ...

List of Companies that have Changed the Number of Shares per Share Unit | Japan Exchange Group Number of Listed Companies by Number of Shares per Share Unit Standardization of Trading Units Past Initiatives Q&A on Standardization of Trading Units List of Companies that Changed the Number of Shares per Share Unit (Trading Unit) 　 Survey Results Information on all listed companies that have changed the number of shares per Share Unit (trading unit) with an effective date of April 1, 2013 or after can be found in the list below. List of Companies that have Changed the Number of Shares per Share Unit (Trading Unit) (as of Oct. 1, 2018) (in Japanese only) The number of listed companies by number of shares per Share Unit as of October 1, 2018. The number of listed companies with a 100-share units was 3,600. *This list covers issuers of domestic stock ...

Survey Results | Standardization of Trading Unit | Japan Exchange Group Survey on Standardization of Trading Units (announced on Dec. 17, 2015) Survey on Standardization of Trading Units (announced on Feb. 4, 2011) Standardization of Trading Units Past Initiatives Q&A on Standardization of Trading Units List of Companies that Changed the Number of Shares per Share Unit (Trading Unit) Survey Results 　 TSE conducted a survey to ascertain the status of consideration, etc., regarding the transition of listed companies with 1,000-share units to 100-share units during the final stage of the "Action Plan for Standardization of Trading Units" (transition period for standardization of 100-share units). Summary Regarding the status of consideration of the transition to 100-share unit, only about 20% of the companies stated that they are "considering the transition, including management," while more than 80% of the companies stated that they are "not considering the transition" ...

Background of Introduction | Electronic Voting Platform, etc. | Japan Exchange Group Increased Awareness of Voting among Institutional Investors Practical Issues in Voting Rights Exercise Electronic Voting Platform Background of Introduction 　 Overview of Services Benefits for Participants Efforts to Increase Participation During the bubble economy of the 1990s, mutual cross-shareholdings were dissolved, and the composition of shareholders in Japan‘s securities markets changed dramatically. According to the shareholding ratios by owner in the annual shareholder distribution survey conducted by stock exchanges in Japan, banks and life and non-life insurers held 33.6% of the total market in March 1990, but this share dropped to 24.0% in March 2000 and to 12.9% in March 2004. On the other hand, the share held by trust banks and foreign investors, which was 14.2% of the total market in March 1990, rose to 23.3% in March 2000 and 37.1% ...

Overview of Services | Electronic Voting Platform, etc. | Japan Exchange Group Information Flows on the Platform Contractual Relationships, etc. System Safety Electronic Voting Platform Background of Introduction Overview of Services 　 Benefits for Participants Efforts to Increase Participation The following explains the flow of information on the platform according to the "Conceptual Diagram of the Platform" shown above. The first step is the flow of agenda information from the issuer to the instructing parties. First, the issuer registers the convocation notice information via TDnet. Upon receiving this information, the platform will classify agenda items based on codes for the predetermined classification for each agenda item of the general meeting, and post it on the platform's website along with the PDF file on the date of dispatch of the convocation notice. The instructing parties will be able to view this information directly. The agenda information registered on the platform will be provided ...

Benefits for Participants | Electronic Voting Platform, etc. | Japan Exchange Group Benefits for Institutional Investors Advantages for the Issuer Electronic Voting Platform Background of Introduction Overview of Services Benefits for Participants 　 Efforts to Increase Participation There are four possible benefits of participation by institutional investors. Centralized Portfolio Management Institutional investors participating in the platform will use a dedicated screen to give instructions for the exercising of voting rights, as described above. The site allows institutional investors to access information on the AGMs of all participating issuing companies in which they hold shares with a single login, eliminating the need to repeatedly log in and log out. On the screen, only the issuing companies in which shares are held are listed, and by clicking on the company name, the number of potential shares can be confirmed and instructions for the exercising of voting rights can be given for each account held in ...

Efforts to Increase Participation | Electronic Voting Platform, etc. | Japan Exchange Group Toward Increasing Participation by Issuers Electronic Voting Platform Background of Introduction Overview of Services Benefits for Participants Efforts to Increase Participation 　 The number of issuers participating in the platform has been increasing year by year since the Corporate Governance Code was formulated in 2015 and the METI Study Group on Promoting the Electronicization of General Meeting Processes in 2016 recommended promoting the use of the platform. The 2021 revision of the Corporate Governance Code called for further promotion of use by Prime Market-listed companies, and since the market restructuring, the participation rate of Prime Market-listed companies has remained at over 95%. As an increasing number of issuers join the platform, the number of institutional investors who hold voting rights in those issuers is also significantly increasing as they recognize the significance of using the platform. The increase ...