In today’s briefing:
- Amid the Spotlight Triggered by TSE’s Request, Some Companies Are Shifting into the Shadows

Amid the Spotlight Triggered by TSE’s Request, Some Companies Are Shifting into the Shadows
- Following TSE’s market restructuring, which raised listing maintenance standards, companies finding it difficult to maintain their listings under the previous conditions ar moving to markets where maintaining listings is easier.
- Even after transferring to a regional stock exchange, companies remain subject to listing fees, disclosures and annual securities reports. Despite this, companies maintain listing status to enhance credibility and visibility.
- A transition to regional stock exchanges risks further declines in trading liquidity, loss of engagement opportunities, and setbacks in management reforms such as governance and capital profitability improvements.
