Listed Company Information

Improvements to TSE Listing System

Update : Nov. 30, 2010

print

Survey on TSE's Listing Rules and Systems for Investors

Tokyo Stock Exchange conducted a survey to gather opinions from investors on TSE's listing rules and systems through a questionnaire during the period from August 20, 2010 to October 15, 2010. This survey was aimed at collecting evaluations of recently-implemented measures as well as identifying issues and problems so as to further enhance the overall listing rules and systems.
The "Summary of Responses to the Questionnaire on TSE's Listing Rules and Systems for Investors" is English translation of the consolidated results of the survey mentioned above.

Summary of Responses to the Questionnaire on TSE's Listing Rules and Systems for Investors PDF
  • (*)TSE will refer to the comments, regardless of their number. The number of similar comments does not bear significance in decisions on the direction of TSE measures.
  • (*)Please note these translations may be used only for reference purposes.

Listing System Improvement Action Plan 2009

On September 29, 2009, the Tokyo Stock Exchange formulated '' Listing System Improvement Action Plan 2009''.

Listing System Improvement Action Plan 2009 PDF

On October 29, 2009, the Tokyo Stock Exchange published "Listing System Improvements based on the Listing System Improvement Action Plan 2009 (Matters for prompt implementation)" and "Progress of Listing System Improvement Action Plan 2009 (Matters for prompt implementation)".

Listing System Improvements based on the Listing System Improvement Action Plan 2009 (Matters for prompt implementation) PDF
Progress of Listing System Improvement Action Plan 2009 (Matters for prompt implementation) PDF

On March 31, 2010, the Tokyo Stock Exchange published "Summary of Deliberations on Listing System Improvement Action Plan 2009 (Matters to consider for actual implementation)" and "Expected Role of Independent Directors/Auditors".

Summary of Deliberations on "Listing System Improvement Action Plan 2009 (Matters to consider for actual implementation)" PDF
Expected Role of Independent Directors/Auditors PDF

On May 20, 2010, the Tokyo Stock Exchange published "Consolidated Results of Independent Directors/Auditors Notifications".

Consolidated Results of Independent Directors/Auditors Notifications PDF

On July 21, 2010, the Tokyo Stock Exchange published "Updated Consolidated Results of Independent Directors/Auditors Notifications".

Updated Consolidated Results of Independent Directors/Auditors Notifications PDF

Proposal from Advisory Group on Improvements to TSE Listing System

On April 23, 2009, the Advisory Group on Improvements to TSE Listing System announced to make its proposal "For Creating Better Market Environment Where Investors Feel Secure" to the public.

For Creating Better Market Environment Where Investors Feel Secure PDF

Listing System Improvement FY2008

On May 27, 2008, the Tokyo Stock Exchange formulated '' Listing System Improvement FY2008''.

Listing System Improvement FY2008 PDF

Following the announcement of "Listing System Improvement FY2008" mentioned above, the Tokyo Stock Exchange conducted hearings of investors and invitation of public opinions both concerning corporate governance of Japanese companies in order to grasp issues and tasks related thereto.

On July 22, 2008, the Tokyo Stock Exchange held a hearing on M&A rules focusing on takeover defense measures.

Summary of Investor Hearings Proceedings PDF

On August 26, 2008, the Tokyo Stock Exchange published Opinion Summaries Received from Investors in Response to Listed Company Corporate Governance Questionnaire for Investor.

Listed Company Corporate Governance Questionnaire for Investor (June 26, 2008) PDF
Opinion Summaries Received from Investors in Response to Listed Company Corporate Governance Questionnaire for Investor (August 26, 2008) PDF

Further, believing that matters relating to M&A's are issues we must promptly tackle as a market establishing body against the backdrop of growing concern over the recent increase of takeover measures, the TSE has had individual meetings with each investor in addition to the above mentioned hearings and questionnaire, and we have put together those results in the report of "Outline of Investor Opinions concerning the Current State Surrounding M&A" published on August 26, 2008.

Outline of Investor Opinions concerning the Current State Surrounding M&A (August 26, 2008.) PDF

Comprehensive Improvement Program for Listing System 2007

On April 24, 2007, the Tokyo Stock Exchange formulated '' Comprehensive Improvement Program for Listing System 2007''.

Comprehensive Improvement Program for Listing System 2007 PDF

Interim Report of Advisory Group on Improvements to TSE Listing System

On March 27, 2007, the Advisory Group on Improvements to TSE Listing System announced to make its Interim Report to the public.

Interim Report of Advisory Group on Improvements to TSE Listing System (Full text) PDF
Interim Report of Advisory Group on Improvements to TSE Listing System (Outline) PDF

Development of Comprehensive Improvement Program for Listing System

On June 22, 2006, the Tokyo Stock Exchange formulated ''Development of Comprehensive Improvement Program for Listing System'' which are basic action guidelines to improve its listing system in the future.

Development of Comprehensive Improvement Program for Listing System PDF

Contact

Tokyo Stock Exchange, Inc. Listing department
TEL : +81-3-3666-0141

Top of Page