Tokyo Stock Exchange approves GCA FAS as J-Adviser


TSE establishes an advisory group to review the TSE cash equity market structure

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
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.

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Tokyo Stock Exchange approves GCA FAS as J-Adviser

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