Tokyo Stock Exchange, Inc. (TSE) has been working to lower investment units with the purpose of creating an environment in which retail investors can easily invest, including indicating that the desirable investment unit level should be less than JPY 500,000 and requesting listed companies to transition to and maintain that level.Recently, many listed companies have lowered their investment units through stock splits.
However, as investment units of Japanese stocks are still high, especially compared to those of other countries, the government's "Grand Design and Action Plan for a New Form of Capitalism (2024 Revised Version)" also sets out its expectations for further efforts, such as the promotion of stock splits at listed companies with high investment units and the consideration of measures to enable investment with smaller amounts.
Therefore, in order to create an environment in which retail investors can even more easily invest in Japanese stocks, TSE has decided to establish a "Study Group on Small-Size Investments" to discuss related issues and measures to be taken to achieve this goal.
Participating Members
・Trading participants, institutional investors, transfer agencies, listed companies, experts
・Relevant authorities and industry associations to also participate as observers
Main Topics of Discussion
・Efforts to date to lower investment units
・Importance of small-size investments and the need for action
・Specific ways to enable small-size investments and related challenges
Schedule
・The Study Group will be held about once a month starting in October 2024. (Results will be compiled and announced by around March 2025.)
