What Is a Trading Unit (Tan-gen Kabu)?

A trading unit is the minimum number of shares that can be bought or sold at once on a stock exchange.

How it works

For example, for a stock with a trading unit of 100 shares, trades are generally made in multiples of 100 shares — 100, 200, and so on. To buy one trading unit of a stock priced at 3,000 yen, you would need roughly 300,000 yen.

Difference from odd-lot shares

Share quantities smaller than one trading unit (odd-lot shares) generally cannot be traded on the regular exchange market, but some brokerages offer odd-lot trading services that let investors start investing in stocks with a smaller amount of capital.

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 trading unit the same for every stock?
Most companies listed in Japan use a trading unit of 100 shares, but it can differ by stock, so it should be checked individually before trading.
Can I trade in odd lots?
Some brokerages offer services that allow trading in odd lots, such as single-share units. Availability and conditions vary by brokerage.