---

The Tokyo Stock Exchange Group has formulated a new "Medium-Term Management Plan" for FY2008 to FY 2010.

This plan re-confirms the TSE's objectives for the future, includes updated information on changes in market conditions, and also establishes the management goals and priorities for the next three years.
The TSE will continue to develop as a market that supports wealth-building endeavors based on the diverse life plans of different kinds of investors. It will provide a dynamic market for risk money from around the world.
In effect, the TSE will increase its market size, not just as a global exchange, but as a universal exchange, a reliable and user-friendly market which attracts investors and listed companies from across the globe.
As the center of Japanese financial and capital markets, the companies within the TSE group will come together to achieve this goal. They will cooperate to accomplish quantitative expansions and qualitative enhancements in the TSE markets. The TSE will work to realize these quantitative expansions by "diversifying its trading product lines" and "providing a top caliber trading system." The exchange also plans to achieve qualitative enhancements by communicating the TSE's commitment to strengthening support for "enhancing the corporate governance of listed companies" and "improving self-regulatory functions" of the market and its participants.
Thus, through this synergy of quantitative expansions and qualitative enhancements, the TSE aims to expand its market size and develop into the premier market for the flow of Asian capital.
Recognizing its role in providing a critical infrastructure for Japanese financial and capital markets, for the next three years the TSE will make intensive efforts to achieve this plan and satisfy all users' expectations.

Please find the details of the plan below.

PDF Version

Medium-Term Management Plan (For FY2008 to FY2010) [as of March 25, 2008]
IT Master Plan (For FY2008 to FY2010) [as of March 25, 2008]