In today’s briefing:
- Listing Criteria for the TSE Growth Market Is Expected to Be Raised Starting April 2026
- HMM: Material Improvement in Corporate Value Up Plan
Listing Criteria for the TSE Growth Market Is Expected to Be Raised Starting April 2026
- TSE is likely to raise the current Growth Market listing criteria of at least 500 million yen in tradable equity market capitalization, probably starting in April 2026.
- Since listing examinations are already being conducted with the new criteria in mind, IPO reserves are being prepared with a larger market capitalization than before.
- It is unclear how much will be raised, but companies will prepare for listing by increasing its market capitalization through the use of the secondary market and M&A.
HMM: Material Improvement in Corporate Value Up Plan
- On 22 January, HMM Co., Ltd. (011200 KS) announced its new Corporate Value Up plan which included five major items.
- They include higher shareholder returns, achieve average sales growth of 9% and ROE of 4% in the next three years, and improve communication with stakeholders and shareholders.
- The company plans to implement total shareholder returns of at least 2.5 trillion won within one year, which represents 14.8% of its market cap.
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