Epson Moves to the New Prime Market
- TOKYO, Japan, April 4, 2022 -
Seiko Epson Corporation (TSE: 6724, "Epson") moved today to the Prime Market, which was created in conjunction with a restructuring of the Tokyo Stock Exchanges market segments.
Epson opted for listing on the Prime Market, which is intended for companies that have a market capitalization (liquidity) that makes them attractive to many institutional investors, that have a higher level of governance, and that commit to sustainable growth and improvement of medium- to long-term corporate value, making constructive dialogue with investors a top priority.
With the move to the Prime Market, Epson will redouble its efforts to strengthen its corporate governance framework, proactively engage investors in dialogue, and further raise the quality of management. The Prime Market is designed for companies that will lead the global economy. As a company on the Prime Market, Epson will seek to realize the aspirational goal set forth in the Epson 25 Renewed corporate vision by solving societal issues, thereby earning the trust of shareholders and other stakeholders, and increasing corporate value.
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.