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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.
Japan Exchange Group, Inc. (JPX) will jointly provide a linked service (tentatively called JJ-Link) with Japan Electric Power Exchange (JEPX) for spot and futures trading related to electricity as part of measures based on a Memorandum of Understanding (MOU) that JPX signed with JEPX on January 19, 2023.
JJ-Link is a service to procure and sell through JEPX spot trading the electricity that underlies positions in electricity futures on the JPX Group's Tokyo Commodity Exchange (TOCOM). The service will be provided in two phases.
JPX and JEPX hope that the provision of JJ-Link will simplify operations at electric utilities operators and facilitate the acceptance of the hedge accounting of electricity futures.
JPX, its group companies, and JEPX will continue to strengthen their partnership in order to create valuable services for electric utilities operators and other users in both the spot and futures markets.
JPX has updated its Medium-Term Management Plan 2024.
Heading into the final fiscal year of the plan, JPX aims move forward with the original direction of the plan as a general framework while steadily implementing new key initiatives to adapt to the changing business environment.
In particular, in response to the government’s newly formulated “Promoting Japan as a Leading Asset Management Center” policy and the launch of the new NISA (Nippon Individual Saving Account), JPX intends to make efforts to expand related measures and aims to arrange its structure and investments in preparation for future development of the next management plan in order to revitalize the financial capital market.
This year is the last fiscal year of this plan and JPX aims to steadily advance efforts towards our evolution into a “global, comprehensive financial and information platform” with a long-term vision Our efforts include the smooth implementation of extended trading hours and initiatives to promote the attractiveness of Japanese stocks in line with the launch of the new NISA. In addition, medium- to long-term perspective initiatives include the expansion of the market for products newly listed in the last fiscal year, such as short term-interest rate futures and the development of the carbon credit market.
Japan Exchange Group, Inc. (JPX) has published its earnings release for FY2023.
Operating revenue increased by JPY 18.8 billion (+14.1%) year-on-year to JPY 152.8 billion, mainly due to higher trading values of cash equities than the previous year and an increase in market-linked trading and clearing-related revenues.
Operating expenses increased by JPY 4.0 billion (+6.0%) to JPY 71.5 billion, mainly due to an increase in personnel expenses and system maintenance and operation expenses.
As a result, operating revenue increased by JPY 19.1 billion (+28.1%) to JPY 87.4 billion and net income (attributable to owners of the parent company) increased by JPY 14.4 billion (+31.2%) to JPY 60.8 billion.
In addition to having achieved the management and financial figures set forth in the Medium-Term Management Plan 2024, given the record-high consolidated financial results, for the year-end dividend for FY2023, a special dividend of JPY 20 per share will be paid in addition to the ordinary dividend in order to express our gratitude to our shareholders for their support.