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TSE Introduces a Brand New Playing Field for Japanese Companies

02/09/2021 @ 7:00 pm - 8:00 pm

Live Webinar | Register here.

Tuesday, February 9, 2021 | 7:00-8:00 PM (EST)

Wednesday, February 10, 2021 | 9:00-10:00 AM (Japan Time)


Ryota Kimura, Chief Representative & General Manager, New York Representative Office, Tokyo Stock Exchange, Inc.

Moderated by:

Alicia Ogawa, Director, Project on Japanese Corporate Governance and Stewardship, Center on Japanese Economy and Business, Columbia Business School

What you’ll learn:

In the U.S., NASDAQ has issued new diversity requirements for companies listed on that exchange. Similarly, the TSE is introducing new requirements for being listed on Japan’s stock exchange, which will address many persistent concerns of investors: cross-shareholding, lack of diversity, and weak corporate governance are only some examples.
Stock market indices will be reformed to highlight the companies that meet the new standards. Market indices are a key driver of investor appetite, particularly in the case of large index funds. Therefore, the new “best” companies are likely to enjoy a boost to their stock prices, relative to their former peer group.
Incentives for companies to list their shares on the stock exchange will change. Once seen mainly as a source of prestige and a means to attract new hires, a listing on the TSE will now demonstrate to investors an accountability to shareholders, as well as a commitment to sustainable growth strategies.
About the Speaker:

Ryota Kimura is Chief Representative & General Manager of New York Representative Office, Tokyo Stock Exchange, Inc. (TSE). The New York office led by Mr. Kimura is responsible for promotion activities related to all products listed on TSE, such as Japanese equities and fixed income products, as well as research activities regarding the securities and derivatives markets in the U.S.

Prior to his current role, Mr. Kimura was Head of Product Development, New Listings Department based in Tokyo, Japan. The team was responsible for developing listing rules for structured financial products, such as exchange traded funds (ETFs), exchange traded notes (ETNs), real estate investment trusts (REITs), TOKYO PRO-BOND Market (TPBM), and etc. as well as promoting these structured financial products to the TSE market.

Previously, Mr. Kimura was Senior Manager of Financial Planning, Treasury Department at Tokyo Stock Exchange Group, Inc. for five years and he spent six years at TSE’s Stock Market Department and led the development of trading rules and regulations for cash equity products including ETFs and REITs.

Mr. Kimura received his MBA from the Darden School at University of Virginia (USA) and his BA in Economics from Waseda University (Japan).

Admission and Contact:

This is a free event. You must register for the webinar to receive the login details. Participants will receive a link to access the live webinar upon registration.

If you have questions about the event, please contact us at cjeb@columbia.edu. For more information about other CJEB events, visit our website or contact cjeb@columbia.edu.