Over 80 percent of 2,184 listed firms on the First Section of the Tokyo Stock Exchange will remain in the highest trading tier in a reorganization plan to be implemented April 4, according to recent data from a research institute. Bourse operator Japan Exchange Group Inc, known as JPX, is…
Tokyo bourse overhaul spurs prime market push for Japanese cos
Mount Fuji and buildings in the Shinjuku district are reflected on a table at an observation deck in Tokyo, Japan. Photographer: Kiyoshi Ota/Bloomberg
July 20, 2021
Tighter requirements to stay on the Tokyo bourse’s prestigious main board are forcing Japanese companies to cease long criticised practices such as cash-hoarding and cross shareholdings, even as some investors call for tougher reform.
In the biggest overhaul of Japan’s stock markets in a decade, Tokyo Stock Exchange will introduce next year tighter listing criteria for the top category, which 30% of almost 2,200 companies listed on its main section currently do not meet.
Tokyo bourse overhaul spurs prime market push for Japanese firms Toggle share menu
Advertisement
Tokyo bourse overhaul spurs prime market push for Japanese firms Tighter requirements to stay on the Tokyo bourse s prestigious main board are forcing Japanese companies to cease long criticised practices such as cash-hoarding and cross shareholdings, even as some investors call for tougher reform.
FILE PHOTO: A man works at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon/File Photo 2 related media assets (image or videos) available. Click to see the gallery.
20 Jul 2021 07:25AM Share this content
Bookmark
TOKYO: Tighter requirements to stay on the Tokyo bourse s prestigious main board are forcing Japanese companies to cease long criticised practices such as cash-hoarding and cross shareholdin