What are the advantages of listing on TOKYO AIM?

Tailored regulatory model

TOKYO AIM’s regulatory structure is specifically tailored to the needs of growing companies, providing a fast-track and simplified option to raise finance.

Simplified disclosure

Companies can present their disclosure documents in English and/or Japanese. TOKYO AIM accepts a number of accounting standards beyond Japanese GAAP, including IFRS, US GAAP or equivalent standards. There are no requirements for quarterly financial reports or internal control reports.

(Documentation and translation related costs are much less than on other Japanese equity markets. )Include?

Flexible structure

There are no minimum requirements for market capitalisation or free float for a company to list on TOKYO AIM. The listing company structure can be arranged on a case-by-case basis following the advice of the J-Nomad. This opens the market to a range of businesses that would not otherwise have the opportunity to participate in other Japanese capital markets.

International appeal

As TOKYO AIM allows companies to disclose information in Japanese and/or English and accepts a range of accounting standards, it is an attractive market for non-Japanese companies wishing to raise new capital. It gives international investors exposure to the Japanese and wider Asian market, but also allows Japanese companies to broaden their shareholder base beyond their home market.

Professional investor base

The market is open to professional investors giving companies access to a steady and well-informed source of capital. All professional (“specified”) investors in Japan have direct access to TOKYO AIM, as well as all non-residents of Japan.

Brand appeal

A company that trades on TOKYO AIM is associated with two leading brands; the London Stock Exchange which manages AIM, the world’s largest market for growth companies, and the Tokyo Stock Exchange which has a solid network in Japan and Asia. Companies listing on TOKYO AIM will benefit from a heightened public profile, raising awareness and demand, not only amongst investors but also suppliers, customers and other stakeholders, thereby facilitating further growth. ( Non-Japanese companies, in particular, could find a TOKYO AIM listing to be highly beneficial for their business development in Japan and the region. ) Include?