Tokyo Stock Exchange, Inc. (TSE) to Publish a List of Companies That Have Disclosed Information Regarding “Action to Implement Management That is Conscious of Cost of Capital and Stock Price”
On March 31, 2023, TSE requested all listed companies on the Prime and Standard Markets take “action to implement management that is conscious of cost of capital and stock price.”
As of mid-July, 31% of Prime Market listed companies with fiscal years ending in March had disclosed information in compliance with the request, and many domestic and foreign shareholders and investors have expressed their expectations for further progress in companies’ initiatives.
Considering this situation, TSE has decided to publish a list of companies that have complied with the request and disclosed information in order to inform investors of who is taking action. This will also encourage companies to make a proactive effort. Listed companies have been informed about the publication of the list, as well as other important points to note regarding the request. For more information, please see the attached file.
TSE to Publish a List of Companies That Have Disclosed Information Regarding “Action to Implement Management That Is Conscious of Cost of Capital and Stock Price”(notified to listed companies on October 26, 2023)
TSE requests that listed companies, including those with “P/B ratios over 1x”, continue to proactively implement initiatives that are conscious of their shareholders and investors.
In addition, TSE hopes that institutional investors, whose role it is to engage in dialogue with listed companies, will do so constructively. The information disclosed in compliance with this request will form the basis of this dialogue and encourage sustainable growth and the enhancement of corporate value over the medium to long term.