In the fourth year of the Tokyo Stock Exchange's market reorganization, designed to prioritize quality over quantity, companies nearing deadlines to meet the new listing standards are making divergent choices.
With less than a year left in the final grace period for companies that fall short of the standards, some are preparing to shift to different market sections, while others are weighing going private.
The reform program is progressing steadily, with the next major step set to tighten listing maintenance criteria for certain companies on the startup-focused Growth section.
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