The Tokyo Stock Exchange will reorganize the market in April next year, but currently, more than 600 companies, which is about 30% of the companies listed on the first section, meet the criteria for listing on the new top prime market. It turns out that there is no such thing, and companies are likely to be required to take action.
The Tokyo Stock Exchange will reorganize the market into three categories, "Prime," "Standard," and "Growth," in April next year, and it has been decided that the current "Part 1" category will disappear.
According to the people concerned, more than 600 companies, which is 30% of the 2100 companies listed in the current first section, do not meet the criteria for listing on the new top prime.
Behind this, with the aim of attracting more investment funds from overseas, the prime listing standard is that 35% or more of the issued shares of the company will be distributed in the market. It may be more difficult than listing.
Even if it does not meet the criteria, there will be a transitional measure that allows it to be listed on the prime for the time being, but since "listing on the first section" has been considered to be advantageous in sales and recruitment activities, " Companies wishing to be listed on the prime will be required to respond.