TOKYO -- Companies that fall short of the Tokyo Stock Exchange's updated listing standards have until 2026 to meet them or be delisted, according to a proposal announced Wednesday, ramping up pressure for underperforming businesses to start making changes.
The TSE in April reorganized listings into three new segments -- Prime, Standard and Growth -- in hopes of revitalizing Japan's stock market. Among the standards is a requirement that a company must have free-floating shares worth at least 10 billion yen ($77 million) to qualify for the top-tier Prime market, and at least 1 billion yen for the Standard market.
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