Tokyo Japan

History

Founded on May 15, 1878, as the Tokyo Kabushiki Torihikijo, the Tokyo Stock Exchange originated under the guidance of Finance Minister Okuma Shigenobu and capitalist advocate Shibusawa Eiichi. Trading commenced on June 1, 1878. In 1943, the exchange merged with ten other stock exchanges in major Japanese cities to create a unified Japanese Stock Exchange. Following the bombing of Nagasaki, the consolidated exchange was temporarily closed and reorganized.

Reopening on May 16, 1949, under its current Japanese name, the Tokyo Stock Exchange operated in accordance with the new Securities Exchange Act. Notably, from 1983 to 1990, the TSE witnessed an unprecedented surge, reaching over 60% of the world’s stock market capitalization and holding the title of the world’s largest exchange. However, it later experienced a significant decline in value and rankings. Presently, the Tokyo Stock Exchange remains one of the world’s fourth-largest exchanges by market capitalization of listed shares.

The current Tokyo Stock Exchange (TSE) building was inaugurated on May 23, 1988, replacing the original structure dating back to 1931. The trading floor of the TSE ceased operations on April 30, 1999, marking the transition to electronic trading for all transactions. A new facility, named TSE Arrows, commenced operations on May 9, 2000. Subsequently, in 2010, the TSE introduced its Arrowhead trading facility.

In 2001, the Tokyo Stock Exchange (TSE) underwent a restructuring, transitioning from an incorporated association with its members as shareholders to a stock company. Subsequently, in July 2012, the Japan Fair Trade Commission approved a planned merger with the Osaka Securities Exchange. Currently, the TSE ranks as the fourth-largest stock exchange globally by the aggregate market capitalization of its listed companies. As of 2023, it boasts 2,292 listed companies with a combined market capitalization of US$6.54 trillion.

Prime, Standard and Growth Markets since April 4, 2022

Starting April 4, 2022, Tokyo Stock Exchange (TSE) underwent a restructuring of its market divisions, creating the Prime, Standard, and Growth divisions. These divisions are distinguished by market liquidity, corporate governance, and other criteria. Companies opted for their new division voluntarily between September and December 2021, with the results announced on January 11, 2022. As of 2023, a total of 3,830 companies are listed on the Tokyo Stock Exchange.