Tokyo Stock Exchange, Inc. (TSE) announced today that it has approved GCA FAS Co., Ltd. (GCA FAS) as a J-Adviser following the company’s application for obtaining the qualification.
Established following the 2008 amendments to the Financial Instruments and Exchange Act, TOKYO PRO Market (TPM) is a market accessible to domestic and overseas professional investors that offers companies flexible listing requirements and simpler disclosure. Currently, 16 companies are listed on the market.
Under the J-Adviser System at TPM, TSE-approved J-Advisers assume a key role in the market. They are entrusted to conduct certain self-regulatory work such as listing examination and listed company compliance. Before listing, the J-Adviser investigates and confirms the eligibility of a listing candidate and provides advice and guidance on listing on TPM. After listing, the J-Adviser continues to support the company on compliance with timely disclosure and other ongoing listing requirements.
Representative Director of GCA FAS, Hiroyasu Kato, commented:
For Japanese corporate managers, the demand for succession management is increasing. By utilizing TOKYO PRO Market as a venue for carve-outs from large companies and succession management for SMEs, we can offer new capital policies for our clients.
Koichiro Miyahara
President and CEO of Tokyo Stock Exchange, Koichiro Miyahara, added:
I am pleased to welcome GCA FAS as a J-Adviser. I look forward to their succession management and other services satisfying a broad range of demands from corporate managers through TOKYO PRO Market. We will continue to develop TOKYO PRO Market and further enhance accessibility to the market.