Update : Aug. 17, 2012
Once a company has decided to list on TOKYO PRO Market the next most important decision it must make is to select a J-Adviser from a list of approved J-Advisers to assist it with the listing process:
•The J-Adviser will work closely with the company applicant, assessing and confirming its suitability for listing on TOKYO PRO Market. As part of this process, the J-Adviser engages with legal advisers, accountants and other professionals as necessary
•The prospective applicant, under the advice and guidance of its J-Adviser, prepares a number of documents necessary for the listing application, which provides details about its business activities, financial position and directors
•If the company plans to raise funds, it needs to work with its advisers to attract potential investors by educating them about the company and the benefits of investing in it
•The J-Adviser must submit the application documents on behalf of the company, along with a Declaration on Appropriateness for Listing on TOKYO PRO Market for approval
•The Exchange will approve admission of the applicant on condition that it meets the qualification requirements and a public announcement is made upon admission
•After listing, the company must continue to meet all its responsibilities and duties under the Special Regulations of Securities Listing Regulations Concerning Specified Listed Securities and the Enforcement Rules for Special Regulations of Securities Listing Regulations Concerning Specified Listed Securities on an ongoing basis, including retention of the J-Adviser