Daily BriefsESG

Daily Brief ESG: Nevertheless and more

In today’s briefing:

  • Nevertheless, Concern Remain that TSE Growth Market Might Include Companies that Don’t Pursue Growth


Nevertheless, Concern Remain that TSE Growth Market Might Include Companies that Don’t Pursue Growth

By Aki Matsumoto

  • The decline in IPOs for small-cap companies was as anticipated. Once the topic of revising the listing criteria for Growth Markets arose, IPOs had to pay attention to new criteria.
  • For companies planning IPOs, the requirement to demonstrate a commitment to growth during the listing review process has a positive aspect: it’ll lead to a decrease in small-scale listings.
  • Growing companies will move to Prime Market, while those failing to reach JPY10 billion will transition to Standard. Companies maintaining JPY10 billion but without growth may stay in Growth Market.

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