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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] In 2025, a total of 124 companies were delisted from the Tokyo Stock Exchange (TSE), up 30 from the previous year, marking a record for the second consecutive year, according to Nikkei.
Major corporations such as retail giant Aeon and telecommunications company NTT delisted their subsidiaries, Aeon Mall and NTT Data Group, after converting them into wholly-owned subsidiaries. Other delistings were due to acquisitions by founding families or investment funds.
Nikkei reported that more companies are choosing to delist to secure management autonomy amid increasing demands from investors and the exchange to enhance corporate value. Many of the delisted companies had low liquidity or market capitalization, with the average market cap of 2025 delistings around ¥109 billion (approximately KRW 1 trillion).
The newspaper also noted that the TSE raised its listing maintenance standards in 2023, suggesting that the number of delistings could continue to rise. Meanwhile, the number of newly listed companies in 2025 fell to 60, down 21 from the previous year, resulting in an overall decrease of around 60 companies on the exchange.
알파경제 Paul Lee 특파원(hoondork1977@alphabiz.co.kr)
