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Markets

10% of provisional Tokyo listings clear higher post-revamp standards

But valuations fall for 60% as April reorganization brings closer scrutiny

The Tokyo Stock Exchange tightened its listing requirements when it reorganized in April.   © Reuters

TOKYO -- More than 10% of companies that listed provisionally on the revamped Tokyo Stock Exchange without meeting its stricter standards have since hit the new minimum thresholds, but many others have foundered under investor scrutiny.

As of September, 65 of the 549 businesses allowed to provisionally join the new Prime, Standard or Growth markets established in April met the requirements for a permanent listing, according to the exchange.

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