Tokyo exchange pressures 48 companies into dropping from top tier

Matsui Construction and Watts among those to make move, to avoid being delisted

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The Tokyo Stock Exchange in April 2022 overhauled its grouping of shares for the first time in six decades. (Source photo by Ken Kobayashi)

MASAYUKI SHIKATA, Nikkei staff writer

TOKYO -- Forty-eight mid-sized companies are moving their top-tier listings on the Tokyo Stock Exchange to the secondary market, as they faced being delisted a year after tighter conditions were put in place as part of a reorganization of the bourse.

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