Standard Market

The Standard Market is one of the Tokyo Stock Exchange's market segments, intended for companies that meet a certain level of market capitalization (liquidity) and corporate governance standards as an investment target in a public market.

Positioning

The Standard Market is intended for companies that meet the basic criteria for an investment target in a public market, even though the scale and liquidity required are not as demanding as those of the Prime Market. Many listed companies choose this market.

How to Interpret It, and Points of Caution

Differences in market segment indicate differences in listing criteria and the intended investor base, and do not imply superiority or inferiority of a company. While it is possible to apply for a change of market segment if a company meets the criteria, investment decisions about individual companies should be based on information beyond market segment, such as earnings and financial condition.

This article is provided for general informational purposes only and does not recommend or solicit the purchase or sale of any specific investment method or security. Final investment decisions are your own responsibility.

Frequently Asked Questions

Is the Standard Market inferior to the Prime Market?
Market segments indicate differences in listing criteria and in the intended business stage of companies; they do not indicate superiority or inferiority. Companies choose a market according to their business scale and policy.
Can a company move from the Standard Market to the Prime Market?
If a company meets the listing criteria set by the Tokyo Stock Exchange, it can apply for a change of market segment. However, this does not guarantee that the move will always be possible.