[Tokyo, 26th Archyde.com]-The Tokyo Stock Exchange will target the prime and standard markets in the spring of 2023, and will disclose efforts and progress toward improvement to companies whose price-to-book ratio (PBR) continues to fall below 1. I showed the policy to request. The Tokyo Stock Exchange presented a “proposal” on the 25th to an expert panel to verify the market restructuring.
In order to encourage companies to make efforts to improve corporate value over the medium to long term, the Tokyo Stock Exchange will request disclosure of policies, specific initiatives, progress, etc. for improvement as necessary. In particular, it said it would “strongly request disclosure” from companies that have consistently fallen below 1 times the value of liquidation.
