Tokyo exchange's Prime market to shrink 20% since reshuffle

2022 streamlining of top-tier stock board nears end as over 160 companies exit

20230927N JPX

More companies might apply for a transfer to the Standard market by Sept. 29, the deadline for doing so without additional screening. © Reuters

OKI HIDAKA, Nikkei staff writer

TOKYO -- The Tokyo Stock Exchange's Prime market is on track to shed over 20% of its components following its reshuffle in April 2022, as more companies focus on what's best for them over the prestige of the top-tier board.

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