Foreign Stocks

Mothers Global Information

Update : Apr. 08, 2014

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Mothers Global is not a new market section like the TSE First Section or Second Section, rather it is a collective term used to refer to foreign stocks and foreign stock depositary receipts listed on Mothers, introduced on December 1, 2006, to express more clearly the fact that issuers are foreign companies.

Investment in emerging enterprises based in regions such as Asia, which is set to increase in the future, is likely to involve various risk factors peculiar to foreign companies such as governing laws and organizational structure. Also, in light of the fact that, recently, the names of domestic companies are often written in katakana, investors are expected to have difficulty distinguishing between foreign companies and Japanese companies from their names alone. Against this background, TSE began collectively referring to foreign companies listed on Mothers as "Mothers Global" in a bid to express more clearly the fact that issuers are foreign companies and to enhance information services in relation to risk factors.

(As of Apr. 8, 2014)

Name of TSE-listed foreign company
(Code, (Tentative) Listing Date)

Japaninvest Group plc
(3827, Dec. 07, 2006)
Xinhua Holdings Limited
(9399, Oct. 28, 2004)
Acucela Inc.
(4589, Feb. 13, 2014)
Primary listing TSE TSE TSE
Stock or depositary receipts Stock Stock Stock
Country of incorporation U.K. Cayman Islands (British West Indies) U.S.
Governing law UK Law Law of the Cayman Islands (British West Indies) Washington State Law
Is the company required to submit a "Report Concerning Risk Information Pertaining to Structure of Corporate Group" (*1)? No No No
Do non-subsidiaries include a company for which timely disclosure is required in the same way as a subsidiary pursuant to the provisions of Article 402, Paragraph 1, Item 1, Sub-item q of the Securities Listing Regulations? No No No
Main region(s) of operation U.K. China U.S.
Risk information (Securities Report) (*2) PDF PDF PDF
Risk information (1st Quarterly Report) (*2) PDF PDF
Risk information (2nd Quarterly Report) (*2) PDF PDF
Risk information (3rd Quarterly Report) (*2) PDF PDF
  • (*1)Listed foreign companies are required to submit a "Report Concerning Risk Information Pertaining to Structure of Corporate Group" at the time of listing examinations, etc. in cases where TSE deems that the structure of the corporate group is peculiar. This refers to cases where there is a subsidiary(s) and/or affiliate(s) which conducts the main business of such listed foreign company within the corporate group, but has no capital ties with the listed foreign company. The constant submission of the report allows listed foreign companies to appropriately disclose risk information related to such group structure on an ongoing basis from the perspective of investor protection.
    The reports are available for public inspection on the TSE website, etc.
  • (*2)Available only in Japanese
    Extracted from Business and Other Risks section of most recent securities reports, etc.

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