Overview of TSE restructuring plan Firm listing of poor companies Strictly February 19 22:15
The outline of the Tokyo Stock Exchange's planned restructuring of the First Section of the Tokyo Stock Exchange, etc., will be established two years later. Although companies in the First Section of the Tokyo Stock Exchange can now move to the Second Section of the Tokyo Stock Exchange even if their business performance deteriorates significantly, they will be unable to continue listing after the restructuring, and they will ask companies to improve their performance. I did it.
The Tokyo Stock Exchange plans to reorganize the four markets of TSE First Section, TSE Second Section, Mothers and JASDAQ into tentatively named "Prime", "Standard" and "Growth" in 2022, two years later. .
The current TSE First Section companies will be able to move to TSE Second Section and maintain their listing even if business performance deteriorates or stock prices are sluggish. Toshiba, which is undergoing business restructuring, has moved from TSE First Section to Second Section and continues to be listed.
On the other hand, after the restructuring, there will be no mechanism to move from one market to another, such as from "prime" to "standard," and continue to be listed.
Companies that have deteriorated in performance and are no longer able to meet the criteria for listing will be delisted in principle, and will not be able to list if they move to another market without being reviewed and approved again.
The Tokyo Stock Exchange aims to attract more investment to the stock market by introducing a system that strongly demands companies to improve their performance after the restructuring two years later.