Listings on Tokyo Stock Exchange to soar to 3,400 with merger

Kyodo

The number of companies listed on the Tokyo Stock Exchange will jump to some 3,400 when bourse is integrated with the Osaka Securities Exchange on July 16, the controlling company said Tuesday.

The integrated bourse will be the world’s third largest by number of listed companies, after the Mumbai Stock Exchange and the Toronto Stock Exchange, Japan Exchange Group Inc. said.

Of the combined 1,600 companies listed on the OSE’s first and second sections and its Jasdaq market for startups, 1,100 that are currently traded only on the OSE will be transferred to the TSE.

The number of companies listed on the TSE’s first section will increase by some 40 to 1,760, and the number on its second section by some 160 to 570.

With the integration, the OSE’s Jasdaq market, on which some 900 companies are traded, will be operated by the TSE, which will also continue to manage the TSE’s Mothers startup market where some 190 companies are listed, the Japan Exchange Group said.