Posted 1/16/2024, 9:03:00 AM
Tokyo Stock Exchange to Require English Disclosures for Prime Market Firms, Seeking to Draw More Foreign Investors
- Tokyo Stock Exchange strengthening English disclosure rules for Prime market firms
- Aims to attract more foreign investors to top Tokyo exchange
- 1600 Prime market companies must disclose financials in English starting March 2025
- 97% of Prime companies already publish some docs in English, but only 40% do earnings releases simultaneously
- TSE hopes simultaneous Japanese/English earnings releases will draw more overseas money