Japan Exchange Group, Inc. · TSE:8697
Japan Exchange — Investor Day (July 2023)
13 slides from Japan Exchange's investor day presentation, Jul 6, 2023
Slide 1: Cash Equity Market: Exchange & beyond
JPX Investor Day 2023 Cash Equity Market Exchange & beyond Tokyo Stock Exchange, Inc. President & CEO Iwanaga Moriyuki July ６, 2023 © 2023 Japan Exchange Group, Inc.
Slide 2: Agenda
目Agenda 次 １．Listing Services ２．Trading Services © 2023 Japan Exchange Group, Inc. 2
Slide 3: 1. Listing Services
１．Listing Services © 2023 Japan Exchange Group, Inc.
Slide 4: TSE Market Restructuring
TSE Market Restructuring ⚫ On April 4, 2022, TSE restructured the cash equity market to incentivize sustainable growth and medium- to long-term corporate value creation at listed companies, thereby providing an attractive market that gains support from various types of investors both domestic and ov
Slide 5: Comparison with Global Exchanges－Market Cap. and Number of Companies (Prime Market)
Comparison with Global Exchanges－Market Cap. and Number of Companies（Prime Market） Market Cap. (Median) and Number of Listed Companies Market Cap. (Median) Size of Circle: Total Market Cap. 3,000 JPY 億円 300 billion 750 companies NYSE JPY 200 LSE 2,000 億円 NASDAQ (Premium) 1,000 companies billion (Glo
Slide 6: Follow-up of Market Restructuring
Follow-up of Market Restructuring ⚫ To improve the effectiveness of the market restructuring, TSE has established the “Council of Experts Concerning the Follow-up of Market Restructuring”. ⚫ In January 2023, TSE published the "Summary of Discussions on Measures to Improve the Effectiveness of the Ma
Slide 7: (Reference) Examples of opinions and questions received so far
(Reference) Examples of opinions and questions received so far （Excerpt of the meeting material of the 10 th council on April 25, 2023） Necessity of follow-up on listed companies’ response ➢ While we see this request as a favorable initiative, it is important to encourage companies to take action in
Slide 8: Continued Level of IPOs on TSE
Continued Level of IPOs on TSE ⚫ The number of IPOs on TSE in FY2022 remains high at 110 companies. ⚫ From FY2022, we launched programs for the management of companies aiming for IPO with IPO supporters in each region focusing on the establishment of an IPO ecosystem that contributes to revitalizing
Slide 9: Actively Managed ETFs
No. of ETFs (left axis) for Actively Managed ETF ⚫ The market size for actively managed ETFs, which do not track underlying indicators, is expanding globally. ⚫ Active ETFs respond to the needs of investors who expect flexibility in product creation and management by investment management firms and
Slide 10: 2. Trading Services
２．Trading Services © 2023 Japan Exchange Group, Inc.
Slide 11: Strengthening the Functions of the Cash Equity Market (1)
Strengthening the Functions of the Cash Equity Market (1) Upgrading the cash equity trading system and revision to trading rule ⚫ To enhance resilience and market participants’ convenience, TSE plans to revise trading rules for the extension of cash equity trading hours and introduction of the closi
Slide 12: Strengthening the Functions of the Cash Equity Market (2)
Strengthening the Functions of the Cash Equity Market (2) Optimization of tick sizes for medium-liquidity issues ⚫ In order to enable investors to execute trades at better prices, TSE optimized tick sizes for medium-liquidity issues (TOPIX Mid400) whose costs related to bids and offers had remained
Slide 13: Disclaimer
Disclaimer - This English version is not an official translation of the original Japanese materials. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. Japan Exchange Group, Inc. (“JPX”) and its subsidiaries, includ