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FOCUS: TSE Prime Section Seen Prompting Corporate Value Improvement

FOCUS: TSE Prime Section Seen Prompting Corporate Value Improvement

   Tokyo, Jan. 12 (Jiji Press)--Stricter standards for listing on the Tokyo Stock Exchange's Prime section, set to be established April 4 under the TSE's market realignment, are expected to push companies on the new section to bolster their corporate value.
   The TSE's existing four sections--the first and second sections, and the Mothers and Jasdaq markets--will be reorganized into Prime, for internationally active companies, and two other new sections--Standard for midsize firms and Growth for startups.
   The exchange announced Tuesday that 1,841 companies will be listed on the Prime section, 1,477 on the Standard section and 459 on the Growth section.
   All of the 1,841 Prime section companies are currently listed on the TSE first section, and they account for more than 80 pct of the total of 2,185 firms now trading on the current top-tier section.
   Although the realignment did not narrow down top-tier firms significantly, Prime companies may be forced to leave the section in the future if they fail to meet the stricter listing standards.

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AFP-JIJI PRESS NEWS JOURNAL


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