THE WHAT? Following the Tokyo Stock Exchange’s transition to new market segments, Shiseido has announced that its Board of Directors has determined to select and apply for a listing on the Prime Market.
THE DETAILS An initial assessment confirmed that the company complies with the listing criteria and the company will follow the prescribed procedures related to the application for the selection of the new market segment in accordance with the schedule set out by the Tokyo Stock Exchange.
THE WHY? The Tokyo Stock Exchange will be restructured into three new segments, Prime, Standard and Growth, effective April 4, 2022. The move is designed to boost listed companies’ sustainable growth and mid- to long-term corporate value creation, thereby providing attractive stock markets that have the approval of a diverse range of global and domestic investors.