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  "domain": "securities",
  "title": "Japan underwriting market structure",
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  "frontmatter": {
    "title": "Japan underwriting market structure",
    "aliases": [
      "japan-underwriting-market-structure",
      "Japan IPO underwriting structure",
      "Japan ECM underwriting",
      "日本 引受市場 structure"
    ],
    "domain": "securities",
    "type": null,
    "created": "2026-05-22",
    "last_updated": "2026-07-30",
    "last_tended": "2026-07-30",
    "review_by": "2026-11-22",
    "confidence": "likely",
    "tags": [
      "securities",
      "underwriting",
      "IPO",
      "ECM",
      "DCM",
      "JSDA",
      "JPX"
    ],
    "status": "active",
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    "note": null,
    "sources": [
      "https://www.jpx.co.jp/pre-listed-companies/index.html",
      "https://www.jpx.co.jp/equities/listing-on-tse/new/guide-new/index.html",
      "https://www.jsda.or.jp/about/kisoku/index.html",
      "https://www.jsda.or.jp/shijyo/seido/jishukisei/words/0241.html",
      "https://www.fsa.go.jp/menkyo/menkyo.html",
      "https://disclosure2.edinet-fsa.go.jp/"
    ]
  },
  "summary": "Japan underwriting is the capital-raising bridge between issuers, securities firms, investors, exchanges, disclosure systems, and settlement infrastructure. The lead underwriter / lead manager role is not just sales distribution; it also anchors due diligence, listing preparation, pricing, bookbuild",
  "headings": [
    "Japan underwriting market structure",
    "Overview",
    "Functional Chain",
    "Underwriter Types",
    "IPO / PO Reading",
    "DCM / Bond Underwriting Reading",
    "League Table Boundary",
    "Risk Controls and Failure Modes",
    "Related",
    "Sources"
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