TOKYO -- A record 220 companies were listed on the Tokyo Stock Exchange's Mothers market at the end of 2015, after 15 were added during the year on a surge in startup listings.
The board drew 61 of the 92 companies making initial public offerings on the TSE in 2015, topping the previous record of 56 new listings in 2004.
The TSE uses the Mothers market as an initial step for companies eyeing its first section, imposing looser listing requirements than on its other boards. Those conditions tend to draw in startups. During the year, 44 companies moved from the market to the first or second section.
Meanwhile, the Jasdaq market ended the year with 791 companies, 52 fewer than in 2014. The board has stricter requirements for listing than the Mothers market, and less of a reputation for catering to growing companies. Only 11 companies made their debut there, the same as in 2014, with 44 moving to the first or second sections.
Between them, the two markets totaled 1,011 companies, down by 37 from the end of 2014.