In an effort to attract investment money from overseas, the Tokyo Stock Exchange has decided to require companies in the top tier of the prime market to disclose financial information in English.
According to the Tokyo Stock Exchange, as of the end of October last year,
91% of companies listed on the prime market had disclosed their financial results in English, and
▽Revised earnings forecasts and replaced representative directors, which are important materials for investment decisions. The rate is 50% for ``timely disclosure information,'' which publishes information such as information.
In an effort to attract investment money from overseas, the Tokyo Stock Exchange plans to revise the listing rules for the prime market and require approximately 1,600 companies to disclose financial statements and timely disclosure information in English from March next year.
Additionally, as there are cases where only a portion of the material is disclosed in English, we are encouraging all documents to be written in English as well.
Furthermore, we will consider expanding the scope of the requirement to include securities reports, etc. in the future.
According to TSE, in interviews with overseas investors, they repeatedly pointed out that the lack of English-language materials and the delayed timing of disclosure compared to Japanese are constraints on investment.