Tokyo Stock Exchange

[7] The TSE is incorporated as a kabushiki gaisha (joint-stock company) with nine directors, four auditors and eight executive officers.

Its headquarters are located at 2-1 Nihonbashi-Kabutochō, Chūō, Tokyo which is the largest financial district in Japan.

Most Kabuto Club members are affiliated with the Nihon Keizai Shimbun, Kyodo News, Jiji Press, or business television broadcasters such as Bloomberg LP and CNBC.

The Kabuto Club is generally busiest during April and May, when public companies release their annual accounts.

[9] Until April 4, 2022,[10] corporate shares are listed and traded at Tokyo Stock Exchange in five market sections: the First Section which started when Tokyo Stock Exchange was re-established in 1949 and includes mainly large companies; the Second Section which started in 1961 and includes mainly mid-sized companies; JASDAQ (established in 1991, acquired by Osaka Stock Exchange in 2010, and absorbed into TSE in 2013) and Mothers (Market of the high-growth and emerging stocks, established at TSE in 1999) which are both for emerging companies; and TOKYO PRO Market which was established in 2009 jointly with London Stock Exchange as an Alternative Investment Market (Tokyo AIM) for small companies.

[13] In 2001, the TSE restructured itself as a kabushiki gaisha ("stock company"): before this time, it was structured as an incorporated association (社団法人, shadan hōjin) with its members as shareholders.

On 15 June 2007, the TSE paid $303 million to acquire a 4.99% stake in Singapore Exchange Ltd.[14] The London Stock Exchange (LSE) and the TSE are developing jointly traded products and share technology, marking the latest cross-border deal among bourses as international competition heats up.

[15] The exchange was only able to operate for 90 minutes on November 1, 2005, due to bugs with a newly installed transactions system, developed by Fujitsu, which was supposed to help cope with higher trading volumes.

[16][18][19][20][21][22][23][24] On January 17, 2006, the Nikkei 225 fell 2.8%, its fastest drop in nine months, as investors sold stocks across the board in the wake of a raid by prosecutors on internet company livedoor.

The issue stemmed back to the "Arrowhead" trading system and the inability to fail over to backup hardware.

[29] Other stock markets in Japan, including regional exchanges in Nagoya, Fukuoka and Sapporo, also suspended trading because they used the same technology platform as the TSE.

Old market segments until April 2022 (in Japanese)
Number of companies transitioning into the new market division structure on April 4, 2022 (in Japanese)
Logo used prior to JPX merger