TSE Cash Markets

TSE CEO visited a IPO company via a JDR (Japanese Depositary Receipt) listing


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November 29, 2022 1 min read
TSE CEO visited a IPO company via a JDR (Japanese Depositary Receipt) listing

On 16th Nov., Mr. YAMAJI Hiromi, President and CEO of Tokyo Stock Exchange (TSE) visited TSE-listed Omni-Plus System Limited (Securities Code: 7699, OPS) and was given a guided tour at OPS laboratory by CEO Marcus Neo. Mr. Yamaji took the opportunity to enquire about the TSE IPO process and the company’s existing business environment.

OPS made its IPO debut on TSE’s Mothers Market in June 2021 via a JDR (Japanese Depositary Receipt) listing, making it the first Asian company to do so. The company is involved in developing and supplying high-function materials such as high-performance plastic used in popular home appliances, and is a company that makes our daily life easy.

Despite the difficulties due to the Covid 19 pandemic, as one of the companies that continues to boost innovations for the world, OPS is expected to grow going forward.

The JDR scheme via which OPS went public is indeed just beginning though not many people in Japan are aware of it. It is anticipated that Asian start-ups, while continuing to receive tax benefits and government support from their home countries, can make use of the scheme to work towards their IPOs on TSE going forward.