TOKYO, Jan 15 (Bernama-Xinhua) -- A total of 94 companies were delisted from the Tokyo Stock Exchange (TSE) last year, marking the highest number since 2014 when comparable data became available, reported Xinhua quoting local media Wednesday.
While reasons for delisting included business failure and becoming wholly-owned subsidiaries, the primary driver of the increase was a growing trend of companies voluntarily going private to enhance managerial flexibility, the national broadcaster NHK said, citing data from the exchange.
In May 2024, the major education service provider Benesse Holdings went private through a buyout led by its founding family, which reflected a broader shift as companies seek greater autonomy amidst rising demands from foreign investors for profitability and operational efficiency.
By the end of 2024, the total number of TSE-listed companies stood at 3,842, one fewer than the previous year and marking the first decline since 2013.
With the costs of maintaining a listing and investor pressures expected to continue rising, analysts anticipated more companies to opt for privatisation in the coming year, according to the report.
--BERNAMA-XINHUA
