JPX Monthly Headlines

The demand for IPOs remains strong, with 120 new companies listing on Tokyo Stock Exchange (TSE) in 2023, the second highest number in 10 years.
The ratio of newly listed companies from regions outside Tokyo increased to approximately 40%, and the number of large-scale listings with initial market capitalizations exceeding JPY 100 billion was 6. This is a significant increase, with 3 cases more than the previous year.
The specified investor-oriented TOKYO PRO Market also reached a record number for the seventh consecutive year with 32 newly listed companies. The use of TSE markets is expanding.
TSE will continue making efforts to encourage and ensure the quality of IPOs 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 in 2024.

Japan Exchange Group, Inc. (JPX) has joined the Net Zero Financial Services Providers Alliance (NZFSPA) to help achieve a decarbonized economy.
The NZFSPA is a global group of financial services providers committed to supporting the goal of global net zero greenhouse gas emissions by 2050 or sooner, in line with the ambition to limit the global temperature increase to 1.5°C above pre-industrial levels.
By joining the NZFSPA, JPX will further intensify its work toward the goal of net zero.

The assets under management (AUM) of bond exchange-traded funds (ETFs) that are listed on Tokyo Stock Exchange (TSE) and track Japanese and foreign bonds has surpassed JPY 1 trillion.
The number of bond ETFs on TSE has kept on growing thanks to the diversification of the bonds that they track and the listing of actively managed products. Currently, a total of 42 bond ETFs are listed.
By investing in bond ETFs on TSE, investors can reduce the hassle of buying and selling individual bonds and the costs associated with rebalancing. In addition, investors in Japan can use yen to invest in the ETFs, even ones that track foreign bonds. These characteristics make bond ETFs on TSE a very convenient form of investing. As of 2023, a wide range of investors are investing in bond ETFs on TSE. They primarily consist of Japanese financial institutions but also include other Japanese and foreign institutional investors as well as individual investors.

The new NISA (the Nippon Individual Savings Account) is scheduled to launch in January 2024 and is expected to realize a "virtuous cycle of growth and distribution" in which household investments support corporate growth, and the benefits of that growth are returned as household income.
Leading up to this, JPX Group has worked to improve the environment of the securities market to contribute to the realization of a "virtuous cycle of growth and distribution."
Specifically, JPX Group continues to promote the creation of a convenient investing environment for small investors, support initiatives to enhance the corporate value of listed companies, and improve households’ financial literacy. Furthermore, JPX Group has properly revised market usage fees paid by securities companies.
JPX Group views the launch of the new NISA as a once-in-a-lifetime opportunity to accelerate the flow of funds from savings to investments, and we are committed to supporting the new NISA more than ever.