Tokyo Stock Exchange begins restructuring efforts

The Tokyo Stock Exchange announced on Friday it will start to pull companies with a market capitalization lower than ¥10 billion from its Topix index.

The move, which will affect approximately 1% of all listed shares, is a part of a planned restructuring effort that will see Japan Exchange Group Inc. reorganize the existing stock exchange into three new segments: prime, standard, and growth.

The changes are expected to be fully completed by April 2022.

Breaking the News / MD