The Tokyo Stock Exchange has announced that from April 2025, all companies listed on the top-tier Prime market must disclose key financial statements in Japanese and English. The move aims to attract more foreign investors and enhance listed companies' communication and corporate value. The new rules will apply to approximately 1,600 Prime-listed companies.
Last month, the TSE announced that it would first make it mandatory for companies to simultaneously publish financial statements and other key items requiring timely disclosure in English. Only 42.3 percent of companies on the Prime section of the bourse release their earnings reports in Japanese and English simultaneously. In comparison, only 28.5 percent publish other key items in both languages simultaneously.
The Tokyo Stock Exchange, or Tosho or TSE/TYO, is a stock exchange in Tokyo, Japan. It is owned by Japan Exchange Group, a holding company, and operated by Tokyo Stock Exchange, Inc., a wholly-owned subsidiary of JPX.
Beginning April 4, 2022, the market divisions were restructured into the Prime, Standard and Growth market divisions, differentiated by market liquidity, corporate governance, and other criteria. Companies voluntarily selected their new division between September and December 2021, and the results were published on January 11, 2022.
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