Tokyo Stock Exchange restructures its existing stock markets into three new segments

The Tokyo Stock Exchange will restructure its current stock markets into three new market segments: the Prime Market, the Standard Market, and the Growth Market. In preparation for this transition to the new market segments, listed companies sent applications for selection of their new market segments from September through December 2021

"The objectives of the market restructuring are to provide support for listed companies' efforts to achieve sustainable growth and mid- to long-term corporate value enhancement, and to offer an attractive market that has the approval of a diverse range of domestic and international investors", Hiromi Yamaji, President & CEO of Tokyo Stock Exchange said. "We envisage the Prime Market to list companies leading the global economy, the Standard Market to list companies playing central roles in the Japanese economy, and the Growth Market to list companies taking on new challenges. Each segment has listing criteria based on these concepts. We asked listed companies to select the most appropriate market segment to enhance their corporate value in light of their management policies and other factors. The transition to the new market segments has been a catalyst for some companies to take concrete action to execute new growth strategies and enhance corporate governance. The TSE will continue to press ahead with its efforts to make the Japanese stock markets more attractive by supporting initiatives to enhance corporate value undertaken by companies listed on the new Prime Market, Standard Market, and Growth Market".

Here a list of the selection made by listed companies.