In order to enable investors to make rational investment decisions, Tokyo Stock Exchange, Inc. believes it is necessary to provide the market more frequently with information concerning the changes in listed companies' operational and financial situations, and therefore it has begun to promote policies for quarterly disclosure. However, in order for those policies to be effective certain conditions must be met. The accuracy of a minimum level of information, as well as the comparability of that information, from companies that already provide quarterly disclosure must be preserved. Also, a consensus must be reached between the users and providers of the information as to what type of information is necessary. In order to preserve that accuracy and comparability and reach consensus, TSE has joined with all other domestic stock exchanges, Japan Securities Dealers Association, and JASDAQ to establish an investigative committee to research preparation and disclosure of quarterly financial information.
Prior to this, TSE released its Action Program for Quarterly Financial Disclosure on June 27, 2002. Click here for a summary of that Action Program.
TSE released a report on the Quarterly Disclosure Committee established in January 2003. Click here for the summary.
Following the report on the Quarterly Disclosure Committee, TSE announced plans for promoting the Action Program for Quarterly Financial Disclosure TSE unveiled in June 2002. Click here for the summary.
