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Corporate Governance Code | Enhancing Corporate Governance | Japan Exchange Group Corporate Governance Code 　 Follow-up Council Corporate Governance Reports TSE Listed Companies White Paper on Corporate Governance Principles of Corporate Governance for Listed Companies Tokyo Stock Exchange, Inc. (TSE) incorporates the fundamental principles for corporate governance established in "Japan's Corporate Governance Code" (the Code) into its listing rules to contribute to effective corporate governance in Japan. A Prime or Standard Market-listed company is required to provide explanation for non-compliance with any principle of the Code, while a Growth Market-listed company is required to provide explanation for non-compliance with any General Principle of the Code. Japan's Corporate Governance Code (Revised June 2021) (Ref.) Guidelines for Investor and Company Engagement(Revised June 2021) (Ref.) Revisions of Japan's Corporate Governance Code and Guidelines for Investor and Company Engagement(April 6th, 2021) Revision, etc. of Japan's Corporate ...

Code of Corporate Conduct | Japan Exchange Group Matters to be observed Matters desired to be observed The Tokyo Stock Exchange (TSE) has established the Code of Corporate Conduct from the perspective of protecting shareholders and investors and the promotion of fair and sound market operation, and accordingly requests appropriate measures from listed companies as below. If the TSE deems that a listed company violates a provision regarding the matters to be observed, the TSE may recommend said listed company to take appropriate measures or make a public announcement, etc. to that effect. Enforcement Measures Rule 432. Matters to be Observed for Third-Party Allotment Rule 433. Stock Split, etc. Rule 434. Matters to be Observed Pertaining to Issuance of MSCB, etc. Rule 435. Exercise of Voting Rights in Writing, etc. Rule 436. Framework Improvement to Facilitate Exercise of Voting Rights for Listed Foreign Companies Rule 436-2. Securing Independent Director(...

Principles for Preventing Corporate Scandals | Japan Exchange Group Background Principles for Preventing Corporate Scandals In recent years, a large number of corporate scandals have emerged at listed companies and received frequent media coverage. These scandals have spread across industries, regardless of company size. Some have taken place in recent years, while others had long gone undetected before coming to light. Whichever the case, these scandals not only have a severely negative impact on society but also hurt the reputation of the company, inflict adverse effects on its business performance and stock price, and thereby damage its corporate value. Going beyond the consequences for individual companies, a capital market where high-profile scandals at listed companies are a common occurrence would lose its credibility due to perceptions of insufficient corporate governance. In February 2016, Japan Exchange Regulation (JPX-R) published the "Principles for Responding to Corporate Scandals." The document provides guidelines ...

Corporate Governance | Japan Exchange Group Fundamental Approach Board of Directors Nomination Committee Compensation Committee Audit Committee Internal Auditing Office The corporate philosophy of the Company is described below. The Company seeks to fulfill its social mission by serving as vital public infrastructure in the form of Japan's central financial instruments market. <Corporate Philosophy> We shall contribute to the realization of an affluent society by promoting sustainable development of the market by ensuring reliability and public visibility, laying the foundation of a market which is highly convenient, efficient, and transparent, and providing creative and attractive services. We believe that these efforts bring rewards in the form of profits resulting from the increased support and confidence of investors and other market users. In order to conduct management in line with its corporate philosophy, the Company is aware of the importance of having its stakeholders understand its corporate philosophy and corporate activities. ...

Response to the Principles for Preventing Corporate Scandals | Japan Exchange Group Principle 1: Gain a thorough understanding of the actual situation Principle 2: Fulfill responsibilities with a sense of mission Principle 3: Encourage two-way communication Principle 4: Detect non-compliance early and respond swiftly Principle 5: Execute consistent business management throughout the entire corporate group Principle 6: Be accountable in view of the relevant supply chain The Principles for Preventing Corporate Scandals are composed of six action principles. Requiring companies to take initiatives from the perspectives of Principles 1 through 3 serves as the basic framework, which will, in turn, embed a cycle that prevents the occurrence of corporate scandals and, thereby, meet the goals of Principle 4. Based on this basic framework, JPX is working to prevent internal corporate scandals in the following manner. In order to accurately and exhaustively grasp the level of compliance throughout JPX, we ...

Environmental Activities | Environmental Information (TCFD Disclosure/Transition Plan) | JPX Corporate ESG Information | Japan Exchange Group Environmental Vision and Policy Contributing to a decarbonized economy Strong management of environmental policy Encouraging environmental conservation initiatives Environmental Activities 　 TCFD Disclosure/Transition Plan Environmental Data Recognizing that resources are limited, JPX has created its Environmental Vision and Environmental Policy to aim for a sustainable economy where “economic development” and “environmental conservation” go hand in hand. Environmental Vision Japan Exchange Group will maintain and further develop the capital market into one that can coexist with the environment, by creating a clear action plan on environmental issues and making ongoing efforts to reduce our environmental footprint. Environmental Policy 1. Contributing to a decarbonized economy We will contribute to the decarbonization of the economy by eliminating 100% of our own GHG emissions. 2. Contributing to a circular economy We will contribute to the development of a circular ...

SASB Standards Index | JPX Corporate ESG Information | Japan Exchange Group Sustainability Disclosure Topics & Accounting Metrics Activity metrics This page indexes JPX’s activities based on the SASB Standard for Security & Commodity Exchanges, as updated in December 2023. Topic Accounting Metric Category Unit of Measurement Disclosure Promoting Transparent & Efficient Capital Markets (1) Number and (2) average duration of (a) halts related to public release of information and (b) pauses related to volatility Quantitative Number, Minutes Tokyo Stock Exchange (TSE) has measures in place to halt trading when necessary in order to ensure fair price formation and investor protection. Trading is halted when information arises that may have a material effect on investment decisions and the details of that information are unclear or TSE deems it necessary to make the content of the information known, or when trading conditions are deemed abnormal. After the suspension of trading in the case of information ...

How Listed Companies Have Addressed Japan's Corporate Governance Code (after AGM held in June 2022) | Japan Exchange Group Aug. 03, 2022 TSE How Listed Companies Have Addressed Japan's Corporate Governance Code (after AGM held in June 2022) Tokyo Stock Exchange, Inc. has published "How Listed Companies Have Addressed Japan's Corporate Governance Code (after AGM held in June 2022)", based on corporate governance reports submitted by listed companies by July 14, 2022. How Listed Companies Have Addressed Japan's Corporate Governance Code (As of July 14, 2022)　 We hope that this report will be useful for listed companies and other interested parties to get an overview of the status of listed companies' efforts on corporate governance. Corporate Governance Code Appointment of Independent Directors/Auditors Contact Listing Department TEL:+81-3-3666-0141(Operator) E-mail:jojo-kikaku@jpx.co.jp Back to list...

"ICGN Japan Governance Priorities" Record Is Available | Japan Exchange Group Oct. 18, 2022 JPXTSE "ICGN Japan Governance Priorities" Record Is Available We are pleased to announce that International Corporate Governance Network (ICGN) held the "ICGN Japan Governance Priorities" on Tuesday, October 4 from 9:00 - 11:00 (Japan Standard Time). The event was co-hosted by JPX and TSE. ICGN launched the two important publications; the ICGN Japan Governance Priorities(*) Update Report, and the ICGN-GISD Alliance Model Mandate(*) in Japanese. Listened to industry leaders discuss whether the introduction of the JPX Prime Market and the updated Japan Corporate Governance Code are having a positive impact on sustainable corporate value, and hear global asset owners and managers consider what is sustainable development investing and how sustainability objectives are being incorporated in investment policies, portfolio design and fee structures. By registering at the ICGN website below, you will be able ...

"Revisions of Japan's Corporate Governance Code and Guidelines for Investor and Company Engagement" etc. published | Japan Exchange Group Apr. 06, 2021 TSE "Revisions of Japan's Corporate Governance Code and Guidelines for Investor and Company Engagement" etc. published Tweet The Council of Experts Concerning the Follow-up of Japan’s Stewardship Code and Japan’s Corporate Governance Code (Chairperson: Hideki Kanda, Professor of Gakushuin University Law School), jointly esablished by TSE and Financial Services Agency has now published an important proposal for the revisions of Japan's Corporate Governance Code and Guidelines for Investor and Company Engagement. Japan's Corporate Governance Code (the "Code") was compiled in 2015 and revised in 2018, and the Guidelines for Investor and Company Engagement (the "Guidelines") were compiled in 2018. The Council's proposal this time is intended to bring about the second revision of the Code and the first revision of ...