JPX Monthly Headlines

JPX group companies undertake various initiatives and disseminate information with the aim of providing the most attractive markets to all users.
Every month, we showcase the highlights of these efforts in short and concise summaries just for you.

December

IPO Update for 2021

The demand for IPOs still remains strong, with 136 new companies listing on TSE in 2021. The number of newly listed companies on the Mothers market reached a record high of 93. This year also saw many start-ups go public, with high growth potential that matched the Mothers market concept. The professional investor-oriented TOKYO PRO Market also reached a record number of 13 newly listed companies for the fifth consecutive year. Furthermore, the utilization of TSE markets is expanding, with the highest number in 10 years of 5 newly listed cross-border companies on TSE. TSE will continue to make efforts to encourage and ensure the quality of IPOs in 2022, through cooperation and collaboration with underwriters, audit firms, local financial institutions and others involved in the IPO process, while actively promoting our listing activities across the country.

Nov. 30: JPX Publishes "Survey of TCFD Disclosure in Japan"

Japan Exchange Group, Inc. (JPX) has published the "Survey of TCFD Disclosure in Japan", a survey of disclosure based on the Recommendations of the Task Force for Climate-related Financial Disclosures (TCFD) among the 259 Japanese listed companies which have declared support for TCFD. The purpose of this survey is to understand the current situation around Japanese companies' disclosure of climate-related information based on TCFD, with the hope that it can be referred to by Japanese companies working on their own climate disclosure, as well as support efforts to enhance the quality and quantity of disclosure in general.

Dec. 17: Commencement of PoC Testing for HTML Disclosure of Earnings Reports (Kessan Tanshin)

TSE began Proof of Concept (PoC) testing from December 18, 2021 to enable qualitative information such as "Outline of Operations and Business Results" and "Segment Information" etc. mentioned in earnings reports of both listed companies and listed REITs, to be disclosed in HTML format in addition to the conventional PDF format, with the cooperation of PRONEXUS Inc. and TAKARA PRINTING CO., LTD. HTML format makes text conversion and mechanical processing easier compared to PDF format. Furthermore, we can expect that overseas investors will be able to copy text to perform machine translation from Japanese to English smoothly. TSE would appreciate cooperation from listed companies in this endeavor in order to further promote a broader use of earnings reports.

Dec. 30: Ceremony on Last Trading Day of 2021

On December 30, JPX and its group companies held market closing ceremonies in Tokyo and Osaka to mark the last trading day of 2021. Just as the previous year, each venue implemented Covid-19 infection prevention measures such as limiting the number of visitors attending the ceremonies and ensuring social distancing.