---
title: "東京証券取引所 (TSE)"
aliases: ["Tokyo Stock Exchange", "TSE", "東証", "東京証券取引所"]
domain: securities
created: 2026-05-20
last_updated: 2026-07-30
last_tended: 2026-07-30
review_by: 2026-11-20
confidence: likely
tags: [securities, exchange, listing, disclosure, market-infrastructure]
status: active
sources:
  - "https://www.jpx.co.jp/english/corporate/about-jpx/profile/01.html"
  - "https://www.jpx.co.jp/corporate/about-jpx/profile/01.html"
  - "https://www.jpx.co.jp/english/listing/"
---

# 東京証券取引所 (TSE)


## Wiki route

This entry sits under [[securities/INDEX|securities index]]. Read it against [[securities/osaka-exchange|大阪取引所 (OSE)]] for peer / contrast context and [[securities/financial-instruments-business-operators-japan-index|financial instruments business operators japan index]] for the broader system / regulatory boundary.

## TL;DR

Tokyo Stock Exchange is the cash-equity exchange at the center of Japanese public markets. JPX's official company profile defines its role as providing market facilities for securities trading, publishing prices and quotations, ensuring fairness, and operating the financial instruments exchange market.

For FinWiki, TSE is the route for listing, public-company disclosure, market segments, TDnet adjacency, IPO process, secondary offerings, ETFs, REITs, and market surveillance context.

## System Map

The following table is scoped to public primary sources (jpx.co.jp). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ^[source:jpx.co.jp]

| Layer | TSE reading |
|---|---|
| Parent | [[financial-regulators/japan-exchange-group|Japan Exchange Group]] |
| Legal form | Tokyo Stock Exchange, Inc. |
| Founded | 1949-04-01 |
| Function | Securities exchange market operation. |
| Adjacent entities | Japan Exchange Regulation, [[securities/japan-securities-clearing-corp|JSCC]], [[securities/japan-securities-depository-center|JASDEC]]. |

## Market Functions

The following table is scoped to public primary sources (jpx.co.jp). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ^[source:jpx.co.jp]

| Function | Why it matters |
|---|---|
| Listing venue | Prime / Standard / Growth and TOKYO PRO Market routing. |
| Price discovery | Auction and continuous trading for listed securities. |
| Disclosure | Listing rules and TDnet adjacency structure public-company information flow. |
| Issuer governance | Capital-efficiency, governance, and market-segment standards create public-company behavior pressure. |
| ETF / REIT platform | TSE is also the public market surface for ETFs, ETNs, infrastructure funds, and REITs. |

## Decision Use

Use this page when asking:

- whether a company is listed in Japan and on what market segment;
- how IPO / PO / listed-company disclosure routes work;
- how JPX governance pressure affects Japanese issuers;
- how TSE differs from PTS venues such as [[securities/japannext-securities|Japannext]] and [[securities/osaka-digital-exchange|ODX]].

## Related

- [[financial-regulators/japan-exchange-group]]
- [[securities/osaka-exchange]]
- [[securities/japan-securities-clearing-corp]]
- [[securities/japan-securities-depository-center]]
- [[securities/japannext-securities]]
- [[fintech/japan-listed-company-disclosure-monitoring]]
- [[finance/japan-ib-league-table]]

## Sources

- JPX: Company Profile, Tokyo Stock Exchange.
- JPX: Listing information.