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Today, Tokyo Stock Exchange, Inc. (hereafter "TSE"), a subsidiary of Japan Exchange Group, Inc. (hereafter "JPX"), decided to file an incidental final appeal and the petition for acceptance of the incidental final appeal to the Supreme Court in relation to the appeal court judgment issued by the Tokyo High Court on July 24, 2013 regarding the lawsuit filed by Mizuho Securities Co., Ltd. (hereafter "Mizuho Securities") claiming damages against TSE.
The appeal court judgment dismissed Mizuho Securities' appeal deeming no grounds for the appeal while it also altered the judgment in the first instance as it deemed that there were some grounds for TSE's incidental appeal. In light of the content of the judgment as well as the fact that Mizuho Securities has filed a final appeal and the petition for acceptance of the final appeal, TSE examined this issue with legal counsel from various perspectives. As a result, TSE has decided to file an incidental final appeal and the petition for acceptance of the incidental final appeal to the Supreme Court.
At present, this lawsuit will have insignificant impact on JPX's consolidated performance. Further notice will be released if any matters requiring disclosure should occur in the future.
For the background of the litigation and the content of the appeal court judgment, please refer to "Notice regarding Judgment in Litigation against Tokyo Stock Exchange, Inc." dated July 24, 2013 and "Notice regarding Final Appeal and Petition for Acceptance of Final Appeal" dated August 7, 2013.
