Epson to Apply for New TSE Prime Market
- TOKYO, Japan, September 30, 2021 -
Seiko Epson Corporation (TSE: 6724, "Epson") has confirmed it meets the listing standards for the new Tokyo Stock Exchange (TSE) Prime Market. On July 9, the company received from the TSE the results of the initial assessment of its compliance with the listing standards of the new market segments with a base date for transition of June 30, 2021.
At a board meeting held today, Epson confirmed it had elected to join the Prime Market scheduled to be introduced on April 4, 2022, and that it would begin the necessary application procedures.
The Prime Market will comprise companies with high market value (liquidity) subject to investment by institutional investors, with high standards of corporate governance, and committed to ongoing growth and a mid- to long term increase in corporate value underpinned by constructive dialog with investors.
Based on its Epson 25 Renewed Corporate Vision, Epson seeks to co-create sustainability and enrich communities to connect people, things, and information by leveraging its efficient, compact, and precision technologies and digital technologies. In addition to further reinforcing its corporate governance structure, Epson will proactively engage with investors, and will work to achieve ongoing growth and increase corporate value over the middle- to long-term.
Epson is a global technology leader dedicated to co-creating sustainability and enriching communities by leveraging its efficient, compact, and precision technologies and digital technologies to connect people, things, and information. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson will become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of around JPY 1 trillion.