KUALA LUMPUR, Jan 11 — The Tokyo Stock Exchange Inc (TSE) will restructure its current stock markets into three new market segments: the Prime Market, the Standard Market, and the Growth Market.
In preparation for this transition to the new market segments, listed companies sent applications for selection of their new market segments from September through December 2021, and the TSE hereby publishes a list of the results on the Japan Exchange Group (JPX) website.
In a statement, the message from President & CEO of Tokyo Stock Exchange Inc, Hiromi Yamaji states the objectives of the market restructuring are to provide support for listed companies’ efforts to achieve sustainable growth and mid to long-term corporate value enhancement, and to offer an attractive market that has the approval of a diverse range of domestic and international investors.
“We envisage the Prime Market to list companies leading the global economy, the Standard Market to list companies playing central roles in the Japanese economy, and the Growth Market to list companies taking on new challenges. Each segment has listing criteria based on these concepts.
“We asked listed companies to select the most appropriate market segment to enhance their corporate value in light of their management policies and other factors. The transition to the new market segments has been a catalyst for some companies to take concrete action to execute new growth strategies and enhance corporate governance.
“The TSE will continue to press ahead with its efforts to make the Japanese stock markets more attractive by supporting initiatives to enhance corporate value undertaken by companies listed on the new Prime Market, Standard Market, and Growth Market,” he said.
In order to widely communicate the objectives of the market restructuring and the characteristics of each new market segment to market participants and the general public, the TSE has created a statement of objectives, as well as logos and slogans for each segment.
Ahead of the launch of the new market segments, a special website has been created to include various contents such as messages of expectation and support from market participants, interviews with listed companies working to enhance their corporate value, and the thinking behind the new market segment logos.
More details at https://jpx-market.jp/english.
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