MarketsTokyo exchange pressures 48 companies into dropping from top tier
Matsui Construction and Watts among those to make move, to avoid being delisted
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
July 11, 2023 18:54 JST
Updated on July 11, 2023 19:50 JST
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.